Nigeria-focused oil company Addax has extended the charter for the Yinson-owned FPSO Adoon for another three months, pending discussion for a potential longer-term deal.'Unless otherwise expressly defined in this announcement, terms and expressions…
China’s first multi-purpose offshore vessel “Offshore Oil 286” has won the top 20 national excellent ocean engineering projects selected by China Consultant Association of Ocean Engineering.The deepwater engineering ship invested and constructed by Offshore Oil Engineering Co…
No decision has yet been taken on the types of contract to be offered in Brazil's pre-salt deep water oil auctions, the incoming head of Petroleo Brasileiro SA said on Thursday, adding that fuel price policy is still being discussed.(Reporting by Mateus Maia Editing by Marguerita Choy)
'Little hope of THIS rock ever producing oil,' BP geologist Bill Senior scribbled in 1977 on a note assessing a recent oil discovery in a distant corner of the North Sea.That same rock is today the heart of BP's prized Clair field in the West of Shetland region…
Malaysia's state energy firm Petronas said on Friday production at Kebabangan gas field in the eastern state of Sabah is expected to return to full capacity by August 2019.A gas leak in January resulted in supply disruption at the gas field…
Eni CEO Claudio Descalzi on Friday declined to say whether the Italian oil group would bid for the refining unit of Abu Dhabi state-owned oil company ADNOC, but added ENI was 'always interested in things regarding' the Gulf country.Descalzi…
Just a few short years ago, few had heard of Fieldwood Energy. In five short years, the privately-held company purchased properties and assets when Apache, SandRidge and Noble Energy exited the area.Now, Fieldwood says it is the largest leaseholder in the Gulf of Mexico…
Energy giant BP has taken its first oil from the Clair Ridge mega-project in the U.K. North Sea in a “major milestone” that is the culmination of many years of work.Clair Ridge, the second phase of the development of the Clair Field, 75 kilometers west of Shetland…
UK-based oil products company Ineos Oil and Gas UK has completed a project to re-route production from its Clipper South field via the Shell operated Clipper field into the Bacton processing terminal.According to a company release, the USD 80…
Norwegian multinational energy company Equinor Energy has made discovery containing up to 24billion cubic feet of gas in the Barents Sea. Two exploration targets were found, with the first containing between 10 and 20billion cubic feet, the other between one and four billion…
Europe's independent oil and gas exploration and production company Lundin Norway will drill and test a new exploration well in the Barents Sea, following approval by the Norwegian Petroleum Safety Authority (PSA).'Lundin is the operator for production licence 767…
Equatorial Guinea has ordered energy operators to stop doing business with oil and gas service firm Subsea 7 for failing to comply with local laws aimed at creating more jobs for locals, the oil minister said on Thursday.In September, an oil ministry source warned that Schlumberger…
Oil and gas companies operating in Norway have raised their investment forecasts for 2019 to 175.3 billion Norwegian crowns ($20.6 billion) from 165.1 billion seen in August, a survey by the country's statistics agency (SSB) showed on Thursday…
Congo (Brazzaville), sub Saharan Africa's third largest oil producer, has intensified its campaign to promote the country's offshore drilling and exploration investment opportunities.The Ministry of Hydrocarbons hopes to ride on the new hydrocarbons…
U.S. offshore drilling contractor Rowan announced on Wednesday that its charter contract with Fieldwood Energy for the Rowan Reliance will be transferred to the Rowan Resolute under the same contractual terms, which includes a one-year, firm term plus three 90-day options…