Australia has painted itself into a corner with its natural gas industry and faces the stark reality that there are no easy choices to alleviate the dual problem of a looming supply crunch and the associated higher prices.Australia is far from the first country to find itself with an energy issue…
Oman’s gas production levels are set to surpass oil by 2023 thanks to an impressive surge in the development of gas fields in the sultanate, according to Rystad Energy, the independent energy research and consulting firm headquartered in Norway…
A sonar monitoring system will help a major US oil company to reinforce its deepwater offshore asset integrity assurance in the US Gulf of Mexico.The system, a wide-area Sentry Integrity Monitoring Sonar (IMS) developed and delivered by subsea engineering specialist Sonardyne International…
DOF Subsea announced Tuesday it has been awarded various contracts, securing utilization for vessels in the subsea inspection, maintenance and repair (IMR) projects segment.The company said its Atlantic region has been awarded a contract by…
The start-up of Equinor's Mariner heavy oilfield in the British North Sea is expected to be delayed again until the fourth-quarter of 2019, two sources familiar with the project told Reuters.The field, discovered in 1981 east of the Shetland Islands…
One person died and two people were injured when a crane collapsed at an Italian offshore oil platform run by Eni, the oil and gas major said on Tuesday.The crane was in operation when it toppled from the Barbara F platform, about 60 km (35 miles) off Ancona…
Billionaire Jim Ratcliffe's petrochemicals company Ineos said on Wednesday it would spend 1 billion pounds ($1.33 billion) on UK energy assets, including the Forties pipeline, which carries almost half of Britain's oil and gas from the North Sea…
Electromagnetic Geoservices (EMGS) said it has entered into final contracts with Equinor for a range of seismic data across the Norwegian continental shelf.The final deal includes both licensing of Barents Sea, Norwegian Sea and North Sea data from EMGS’s existing multi-client library…
Ratings agency Standard & Poor's on Monday slashed the stand-alone credit profile of Petroleos Mexicanos (Pemex) to 'B-' from 'BB-', piling pressure on the Mexican government to tighten up the debt-laden state oil firm's finances.S&P cut Pemex's outlook to negative from stable…
Mediterranean focused oil and gas producer Energean announced Monday that it has commenced its 2019 drilling program offshore Israel, which will consist of three development wells and Karish North.Following this four well campaign, Energean…
Aker Energy, as the operator of the Deepwater Tano Cape Three Points (DWT/CTP) block, announced Monday that it encountered oil in the Pecan South-1A well south of the main Pecan field offshore Ghana.Aker Energy said it is in the process of analyzing…
An investigation into the November 2018 fire aboard the mobile drilling facility West Phoenix has uncovered the cause of the incident as well as several regulation breaches, the Petroleum Safety Authority Norway (PSA) said on Monday.The fire…
Dutch offshore access provider Ampelmann announced Monday it has secured its first contract in Mexico. An A-type system has been mobilized on a flotel and will operate for two months, enabling the installation of an oil and gas platform.The fully motion compensated A-type system…
British oil producer EnQuest has sealed a deal with explorer Seapulse that will put it first in line to help develop over four billion barrels' worth of prospective resources the company is investigating, Seapulse said.EnQuest, which at a market cap of around $437 million is saddled with over $1…
Norway's BW Offshore is considering whether to buy Brazil's Maromba oilfield from Petroleo Brasileiro (Petrobras) and Chevron, for an undisclosed price, the Oslo-listed company said on Monday.A final deal is subject to board approvals and other conditions…