Angolan state oil company Sonangol will keep its stakes in Portugal's Galp Energia and Millennium bcp lender as it considers them strategic assets, Sonangol CEO Sebastiao Gaspar Martins told Reuters on Wednesday.With a 19.49% stake, Sonangol…
Finland's Ministry of Economic Affairs and Employment (TEM) has granted Ilmatar Offshore a research permit for two offshore wind areas in Finland’s exclusive economic zone (EEZ). The areas cover approximately 700 square kilometers in total. 'In order to secure long-term value chains…
U.S. oil firm Talos Energy said Tuesday that its two deepwater wells in the U.S. Gulf of Mexico had discovered commercial quantities of oil and gas during drilling operations in the fourth quarter of 2022. Talos holds a 60% working interest in the two deepwater discoveries…
TotalEnergies encountered hydrocarbons upon entering the reservoir during recent appraisal drilling at the Isabella discovery in the UK North Sea, about 270 km southeast of Aberdeen.This was shared by Ithaca Energy, TotalEnergies' partner in the Isabella discovery (P1820) in Block 30/12d-12…
Marine seismic survey services firm Shearwater GeoServices has won two contracts for 4D seismic surveys with Petrobras for the Jubarte and Tartaruga Verde fields in the Campos Basin offshore Brazil. Combined, the two surveys add eight months to the Shearwater's order book…
Offshore installation services company DEME Offshore has won a 'substantial' contract for the transportation and installation of the inter-array cables for the Empire Wind 1 and 2 offshore wind farms being developed in the U.S. by Empire Offshore Wind…
Offshore drilling firm Shelf Drilling said Wednesday it had won a one-year contract extension for its Shelf Drilling Tenacious jack-up rig.The contract is a direct continuation of its current contract for drilling operations offshore Angola…
Sagar Samrat, the iconic offshore drilling rig that helped discover India's biggest offshore oil field - the Mumbai High - in 1974, has started its new life, now as an offshore production unit.India's national oil company ONGC said Monday that…
Greencoat Renewables has agreed to buy 22.5% of the Butendiek offshore wind farm in Germany from Marguerite Pantheon.The wind farm is located in Germany's exclusive economic zone in the North Sea and consists of 80 Siemens Gamesa 3.6 MW turbines that have been operational since 2015…
Reabold, the AIM-listed investing company with a portfolio of upstream oil and gas projects, said Tuesday it had completed the acquisition of Simwell Resources Limited.Simwell Resources Ltd's website info shows that Simwell is a privately funded…
TGS on Tuesday announced a new regional multi-client 2D seismic program offshore Bangladesh in partnership with SLB and Petrobangla.The program's initial phase will comprise around 11,000 line kilometers of newly acquired high-resolution broadband…
The market for offshore support vessels has been through a rather rough few years since offshore exploration and production activity took a nose-dive in 2015 following the oil price crash the year before.The newbuild order boom that came with…
Turkey on has accused Cyprus of increasing tension in the Eastern Mediterranean after a consortium of Italian and French energy companies found more natural gas off the island earlier this week.Cyprus's hydrocarbon activities 'have been carried out unilaterally…
Offshore wind farm developer Eolus has received research permits for two offshore wind farms in the Bothnian Sea. The company said these were important steps towards offshore wind production in Finland. The Finnish Government gave consent regarding…
Oil rose on Friday and was on track for a second straight annual gain in a volatile year marked by tight supplies because of the Ukraine war and weakening demand from the world's top crude importer, China. Crude surged in March with global benchmark Brent reaching $139…