A gas module is being installed on the Equinor-operated Troll C platform to accelerate production from the Fram license in the northern part of the North Sea offshore Norway.The Fram field includes a number of reservoirs and is developed with…
State-run Korea National Oil Corp (KNOC) is considering upping the stake it is planning to sell in its British unit Dana Petroleum after failing to lure a buyer for the 30% previously on offer, banking and industry sources said.KNOC had hired…
Brazil's Petrobras has signed a two-year contract to lease a drilling rig from Ocyan, formerly known as Odebrecht Oleo e Gas, an executive told Reuters, in the first deal between the firms since a corruption scandal erupted five years ago.Petroleo Brasileiro SA…
Qatar Petroleum has entered into an agreement with Total for a share of exploration and production rights in two blocks offshore Guyana in Latin America.Under the agreement, which is subject to customary regulatory approvals by the government of Guyana…
Australia passed a legislation that sets down maritime boundaries with East Timor on Monday, providing a framework for the two countries to split revenue from the offshore Greater Sunrise natural gas field.Both sides signed the historic treaty…
Australian upstream oil and gas exploration and production company Cooper Energy announced the semi-submersible drilling rig Ocean Monarch, operated by Diamond Offshore, has commenced mobilisation from the Gippsland Basin to the Otway Basin where it is to drill 2 offshore gas exploration wells…
Neptune Energy East Sepinggan, subsidiary of the European exploration and production company Neptune Energy has agreed to acquire interests from the Eni East Sepinggan Limited, a unit of Eni in the Kutei basin production sharing contracts (PSC) offshore Indonesia…
The Trump administration said on Friday it has renewed Chevron Corp's license to drill for oil and gas in Venezuela despite sanctions, signaling it sees value in having the U.S. oil producer operate in a country on the verge of economic and political collapse…
Discoveries of natural gas reserves in the Mediterranean Sea around Egypt, Cyprus, Israel and Greece are shaking up Europe’s energy politics. Traditionally, Russia has been Europe’s main supplier of gas, giving it significant influence over Europe…
Equinor and partners Lundin and Spirit Energy have made a small oil discovery in production licence 167 at the Utsira High in the central part of the North Sea.The Lille Prinsen Outer Wedge appraisal well is located about 1 kilometer west of Lille Prinsen Main…
Japanese oil company INPEX announced it has acquired interests in a group of offshore blocks in the southern part of the US Gulf of Mexico.The firm said in a press release on Friday that its subsidiary INPEX US Offshore, LLC has reached an agreement…
Canadian Helicopters Offshore (CHO) has suspended passenger transfers to offshore platforms while it investigated the cause of an unexplained drop in altitude that occurred during a recent flight offshore Nova Scotia.According to the Canada-Nova Scotia Offshore Petroleum Board (CNSOPB)…
The European Commission said on Friday it approved French state aid for six offshore wind farms in France to help the country meet its climate and renewable energy targets.The farms, which will each have 62 to 83 wind turbines and an expected capacity of 450 to 498 megawatts…
Brazilian state-run oil firm Petroleo Brasileiro SA posted a modest production boost in the second quarter, but failed to live up to market expectations, sending shares down over 2% in morning trade.In an early Friday securities filing, Petrobras…
Indonesia's energy ministry offered four new oil and gas blocks including Cendrawasih VIII block off Papua shore which is estimated to have 3.8 trillion cubic feet of gas and 1 billion barrels of oil resources, deputy energy minister Arcandra Tahar told reporters on Friday…