Brazilian oil company Enauta has agreed to buy FPSO OSX-2 for the Definitive System (DS) of the Atlanta oil field in the Santos Basin, offshore Brazil.The completion of the acquisition is contingent on compliance with the agreed contractual…
Petrogas E&P Netherlands, a part of Petrogas E&P LLC, based in Muscat, Oman), has awarded Heerema Marine Contractors a contract to decommission multiple North Sea oil platforms.The contract is for the removal of the Haven, Hoorn, Helm, and Helder…
Japanese oil and gas company INPEX has hired the HAKURYU-5 semi-submersible drilling rig for operations in Japan.The Mitsubishi MD 501 propulsion-assisted semi-submersible drilling rig will be deployed offshore San-in, Japan. JDC did not share any details on the agreed day rate…
Strategic Marine, a Singapore-based shipbuilder, has received an order for the construction of a 40-meter Fast Crew Boat from Blue Petra Sdn Bhd, a subsidiary of Great Ocean Supply & Services, based in Malaysia.Great Ocean is a licensed Petronas…
Schlumberger beat expectations with a rise in fourth-quarter profit on Friday as higher crude and natural gas prices drove demand for the world's largest oilfield services company.Oil prices surged about 50% last year and are trading at seven…
Eni and HitecVision-backed Point Resources Holding, owning respectively of 69.85% and 30.15% of the Norwegian oil and gas company Vår Energi AS, said Monday they planned to launch an initial public offering for Vår Energi and for the company to apply for a listing on Oslo Børs (the “IPO”)…
Australian oil and gas company Carnarvon Energy said Monday its closely watched Buffalo-10 well in Timor Sea had failed to unearth commercial volumes of oil.The company said that the wireline logging operations have been completed with the oil column deemed to be residual and uncommercial…
Oslo-listed FPSO owner BW Offshore has agreed to sell the FPSO BW Joko Tole to PT Bahari Inti Tanker and PT Cahaya Haluan Pasifik, both of which are Indonesian companies, in consortium with PT Buana Lintas Lautan Tbk, a company publicly listed in Indonesia…
Schlumberger NV, the world's largest oilfield services company, reported a rise in fourth-quarter profit on Friday, as higher crude and natural gas prices drove up demand for its services and equipment.Oil prices surged about 50% last year and…
Brazilian President Jair Bolsonaro cut short his first official visit to neighboring Guyana on Friday after his mother died, meaning talks on a planned South American energy alliance would be postponed.Bolsonaro said his mother Olinda Bonturi…
Six oil and gas companies operating in the Dutch sector of the North Sea have signed a deal with subsea services firm Oceaneering for the decommissioning of Mud Line Suspension (MLS) wells in the Dutch North Sea.These wells were once drilled for exploration purposes…
Australian gas producer Santos Ltd booked record sales revenue for 2021, pumped up by soaring oil and gas prices, and expects to reap big gains following its $6.2 billion takeover of Oil Search amid a surging energy market.After approaching Oil Search with an offer in the middle of last year…
Brazil's President Jair Bolsonaro said on Thursday that Suriname will give Brazilian state-controlled oil company Petrobras priority in the exploration of oil and gas reserves recently discovered off-shore.Bolsonaro spoke by webcast to supporters in Brazil from Paramaribo…
Japanese companies JERA, MODEC, Toyo Construction, and Furukawa Electric have received a notice of acceptance of their joint grant application, under the Green Innovation Fund program of NEDO, to conduct a project to develop cost-reducing technology…
Oil majors TotalEnergies and Chevron Corp, partners in a major gas project in Myanmar, said on Friday they were withdrawing from the country, citing the worsening humanitarian situation following last year's coup.Shell, in its first public acknowledgment of the move…