ExxonMobil said on Monday it acquired more than 1.7 million acres for exploration offshore Egypt.The acquisition includes acreage in the 1.2 million North Marakia Offshore block, which is located approximately five miles offshore Egypt’s northern coast in the Herodotus basin…
Hornbeck Offshore Services announced its common stock has been delisted from the New York Stock Exchange (NYSE) on December 20, 2019, and that the company began trading on the OTC Pink marketplace effective December 23, 2019.The NYSE announced…
Companies developing the huge natural gas field Leviathan will begin production on Tuesday after receiving approval from Israel's Environmental Protection Ministry, one of the project's partners said on Friday.Leviathan was supposed to begin operations on December 24…
Subsea services firm Aqueos Corporation announced Friday it recently completed a diving and remotely operated underwater vehicle (ROV) campaign on the US West Coast.The work scope included level III and IV subsea surveys of three large conventional…
Norwegian based Magseis Fairfield announced Friday it has been awarded two consecutive deepwater ocean bottom node (OBN) projects in the Gulf of Mexico by an undisclosed repeat customer.The surveys will be carried out in the Mississippi Canyon…
Aqueos Corporation said it has wrapped up saturation diving and remotely operated underwater vehicle (ROV) campaigns for multiple clients in the US Northeast.The saturation diving vessel DP2 DSV Kelly Ann Candies was used to conduct inspection…
Italian oilfield services firm Saipem announced Friday it has secured approximately $1.7 billion in new and extended drilling contracts for its offshore and onshore divisions.The offshore drilling contracts relate to activities to be executed in Norway and in Angola…
Norway at years’ end is marking “50 years of oil” and ushering in decades more oil wealth with the go-ahead of the Balder-Ringhorn life extension project along with dozens of other life-extenders.The North Sea oilfield was the first discovered off Norway in 1967…
Petrobras reports that its Executive Board and Board of Directors have approved the final terms of an agreement with Sete Brasil subject to the fulfillment of precedent conditions.The Agreement preserves the terms previously announced: (i) maintenance…
Russian oil company Zarubezhneft said it has signed a Production Sharing Agreement with the Ministry of Oil and Mineral Resources of Egypt, the Egyptian state holding oil company GANOPE and Pacific Oil Limited, for the South East Ras El Ush (SEREU) and East Gebel El Zeit (EGZ) blocks offshore Egypt…
Royal Dutch Shell won the rights to market Guyana's first cargoes of crude oil, the government said on Tuesday, just days after oil production began and launched the impoverished South American country into the ranks of world suppliers.An ExxonMobil-led consortium…
Unlocking marginal fields in the UK North Sea has led to a project comparing a global database of fields, discoveries and prospects, to clarify strategy for license holders and the supply chain alike in petroleum basins.In 2015, a project was…
As Nigeria looks ahead to a possible oil licensing round in mid-2020, the plan has received a major boost with the launch of the West Africa country’s first ever regional multi-client Multibeam and Seafloor Sampling Study (MB&SS).The data gathering…
Oil and gas producer Woodside Petroleum Ltd said on Tuesday it has signed an agreement to supply liquefied natural gas (LNG) to German utility Uniper SE for 13 years starting 2021.Under the agreement, Woodside said it would initially supply up to 0…
Magseis Fairfield announced Norwegian energy company Equinor had awarded four-year renewal for its reservoir monitoring program for the Snorre and Grane fields in the Norwegian North Sea.The containerized permanent reservoir monitoring (PRM) system…