BP has started drilling the deepwater Puma West prospect in the Green Canyon block in the U.S. Gulf of Mexico.Project partner Talos Energy, which sold an operating inetrest in the project to supermajor BP, said the well is being drilled by the…
Sandvik, a developer and producer of advanced stainless steels, special alloys, titanium and other high-performance materials, said it has entered into a long-term agreement with Tenaris to supply Oil Country Tubular Goods (OCTG) following its…
Israel's Delek Group said on Sunday its Ithaca subsidiary, which it plans to spin off via a London listing, completed a deal to buy most of Chevron's British North Sea oil and gas fields for $2 billion.Delek said the deal, backdated to Jan. 1…
The Middle East, a region heavily reliant on oil and gas income, has certainly felt the strain of the offshore downturn. Cutbacks in exploration and production spending hit the region hard and this quickly filtered down into the supply vessel sector…
Energean Oil and Gas announced its appraisal of the Karish North Discovery confirmed best estimate recoverable resources of 0.9 Tcf (25 BCM) plus 34 million barrels of light oil / condensate (combined c.190 mmboe) enhancing the Mediterranean…
Independent oil and gas company i3 Energy said it has spud the Liberator A2 pilot well following the plug and abandonment of the Serenity 13/23c-10 well.After plugging and abandoning the Serenity 13/23c-10 well as planned, the Borgland Dolphin…
Woodside Petroleum on Friday raised its estimate for dry gas reserves at its Scarborough project, increasing hopes the development will help drive the company's growth in the next decade.Woodside said it now put the estimated gross contingent…
The U.S. Department of Energy said on Thursday that President Donald Trump had formally nominated Deputy Energy Secretary Dan Brouillette, a former vice president of Ford Motor Co and Louisiana state energy regulator, to head the department…
Brazil's state-run oil firm Petrobras, which dominated this week's disappointing offshore oil auctions, has no interest in farming out its Buzios block to be operated by another firm, its head of exploration and production said on Friday.Major…
PGNiG Upstream Norway bought 10 percent shares in the PL636 and PL636B licenses in the North Sea from Pandion Energy, thus increasing its ownership in the Duva field to 30 percent.Duva oil and gas field (formerly Cara) is located in the Norwegian sector of the North Sea at a water depth of 360m…
Repsol will acquire a 20% nonoperated interest in the Monument prospect that oprator Equinor is drilling in the Northwest Walker Ridge area in the deepwater Gulf of Mexico, Equinor said in an announcement on Thursday.The Norwegian energy copany…
SBM Offshore announced on Thursday that ExxonMobil subsidiary Esso Exploration and Production Guyana Limited (EEPGL) has awarded the company contracts to perform front end engineering and design (FEED) for a third floating production, storage and offloading vessel (FPSO) in Guyana…
Neptune Energy said it has spud the first Duva well in the Norwegian North Sea.Neptune's first discovery in Norway, Duva holds around 88 million barrels and will be developed with with two oil producers and one gas producertied back to the Neptune…
Baker Hughes announced today that Apache Corporation’s North Sea subsidiaries have awarded, through a multi-year frame agreement, a suite of subsea equipment and services including six trees, wellheads and an associated service package. This…
One of the last big pre-salt rounds in Brazil finished on Thursday with only one block awarded, in another blow for authorities who have been criticized over the high cost of access to the areas.State-run Petrobras and a unit of China National Petroleum Corp were awarded the Aram block…