French oil major Total has awarded Worley a FEED contract for the North Platte field development in the U.S. Gulf of Mexico.The offshore oilfield project, which marks the return by Total to the GoM as the operator, will be developed using a semi-submersible floating production unit…
Singapore's Keppel Corp. Offshore & Marine division posted a profit for the full year 2019 citing cost cuts and lower impairment costs.For the full year, Keppel O&M posted a net profit of S$10 million, a significant increase compared to a loss of S$109 in 2018…
Norwegian Prime Minister Erna Solberg will appoint Conservative lawmaker Tina Bru as oil and energy minister, business daily Dagens Naeringsliv and public broadcaster NRK reported on Thursday, citing unnamed sources. The office of the prime minister declined to comment…
An Oslo appeals court approved Norway's plans for more oil exploration in the Arctic on Thursday, dismissing a lawsuit by environmentalists who had said it violated people's right to a healthy environment. The verdict upheld a ruling made by a lower court…
Norwegian oil company Equinor has signed a deal with vessel owner Eidesvik Offshore to test the use of carbon-free ammonia as a fuel aboard the Viking Energy platform supply vessel.Equinor has awarded Eidesvik Offshore a five-year contract with effect from April 2020…
Danish wind energy developer Orsted is gearing up to launch its first big-ticket project financing in Taiwan, one of the world’s fastest-growing offshore wind markets.Orsted is expected to mandate banks next month on an NT$61.9bn (US$2bn) 18-year loan for its offshore wind farms in Changhua county…
Europa Oil & Gas will have to start looking for another farm-in partner to help it drill its Inishkea offshore prospect in Ireland after an oil major has pulled out from farm-in talks.Europa has been in talks for over a year to farm-out a portion…
Brazil produced 1.018 billion barrels of oil in 2019, marking the first time the South American nation passed the billion-barrel mark for annual production, the national oil regulator said on Wednesday. In a statement, the regulator, known as the ANP…
Nigerian oil company Lekoil has been given more time to find funds it needs to contribute for the drilling operation at the OPL 310 block in Nigeria, following a recent funding fiasco with unnamed scammers.Lekoil was required to pay Optimum Petroleum…
Gabon looks to be on its way to achieving the projected 50% increase in crude oil production in the next one year if the positive result from offshore wells development, by two of the leading international oil companies operating in the country…
The Norwegian offshore safety regulators have found irregularities aboard the recently delivered West Bollsta offshore rig.The rig is owned by Northern Drilling's spin-off Northern Ocean, and managed by Seadrill. The regulator, PSA Norway, carried out an audit late in November 2019…
Oilfield services provider Baker Hughes Co missed analysts' estimates for quarterly profit on Wednesday, hit by lower orders in its business that supplies turbines and compressors to liquefied natural gas (LNG) producers. Orders in the unit fell 10% year-over-year…
Russian oil giant Lukoil plans to sign an agreement with Azerbaijan's state energy company SOCAR for two offshore blocks in Azerbaijan, the Interfax news agency reported on Wednesday. CEO Vagit Alekperov told reporters in Davos that the two firms are discussing a number of projects…
Oil and gas exploration firm Edison has reportedly started drilling operations at its North Thekah concession offshore Egypt.According to what appears to be Edison's press release circulated online, Edison started drilling on January 18, 2020 in the Mediterranean Sea block…
Australian oil company FAR Ltd. has signed a deal with Glencore, one of the world's largest oil marketers, for the full allocation of Far's share of the future oil production from the Sangomar field offshore Senegal.FAR, which owns a 15% stake in the recently sanctioned…