Bahrain has announced two natural gas discoveries in the Al-Joubah and Al-Jawf reservoirs, state news agency BNA said on Tuesday. Nasser bin Hamad Al Khalifa, chairman of the kingdom's energy investment and development arm Nogaholding, has updated…
Subsea cable supplier JDR Cable Systems (JDR) has started construction of its new subsea cable manufacturing facility in Cambois, near Blyth, Northumberland, UK.The 69,000-square-meter factory will be operational by 2024. According to JDR, the £130 million ($148…
Japan's biggest oil and gas explorer, Inpex Corp, lifted its full-year profit forecast by 14% to a record 400 billion yen ($2.7 billion) thanks to higher-than-expected oil and gas prices and the yen's plunge against the U.S. dollar. The company…
Offshore drilling company Diamond Offshore said Monday it had received a notification of award of a new drilling program with Petrobras in Brazil.The soon to be signed four-year contract is for the semi-submersible offshore drilling Ocean Courage…
Small island nations suffering the brunt of climate change want Big Oil to pay for mounting damage from ocean storms and sea-level rise, Antigua's prime minister told delegates at the COP27 climate summit in Egypt on Tuesday. The comments by…
North Sea oil and gas producer Ithaca Energy's planned initial public offering (IPO) in London is set to be priced at the bottom of the range at 250 pence per share, a bookrunner on the deal said on Tuesday.Ithaca's market debut will be watched…
Norway's Equinor and Japan's Hitachi Energy have signed a deal to collaborate within electrification, renewable power generation and low-carbon initiatives globally.One of the first things the two companies will work on together is creating…
Indonesia awarded two oil and gas exploration blocks located off northern Sumatra, to Conrad Asia Energy on Tuesday, a senior energy ministry official said, the first awarded this year. The two blocks have total estimated resources of 2.2 billion barrels of oil (BBO) and 13…
Offshore Engineer's Gary Lewis was at ADIPEC in Abu Dhabi last week, where he interviewed Peter Harding, the founder and CEO of Kelvin, a collaborative control software company that says it helps its clients reduce their carbon emissions significantly…
Shares of Arabian Drilling Company , a Saudi oilfield services firm, were up 18% above its listing price on its market debut in Riyadh on Monday, in a sign that investors still have appetite for local flotations despite a gloomy outlook for the world economy…
Brazilian oil company Enauta said Monday that production from its Atlanta offshore field in Brazil had been interrupted.'The initial assessment is that this is an operational problem on the surface. The current production of the field is 7,500 bbl/day…
Malaysia's Velesto Energy has secured a $135 million integrated rig, drilling, and completion services deal with Hess Corp. in Malaysia.The i-RDC is a concept in which integration of drilling rig services, equipment and in some cases procurement…
In late 2016, to avoid racking up fines for burning too much natural gas, Mexico's state oil company Pemex struck a deal with the regulator to invest over $3 billion to fix its flaring problem at its most productive set of oil fields.But five years on…
Norwegian oil and gas major Equinor on Monday said it was interested in developing a 'gigawatt scale' floating offshore wind project off the coast of Britain in the Celtic Sea in connection with an upcoming seabed leasing round. The project…
A planned initial public offering of North Sea oil and gas producer Ithaca Energy IPO is set to price at the lower end of the previously guided range, bookrunners on the deal said on Monday.The revised price guidance is for between 250 and 270 pence per share…