European banks are providing billions of dollars of funding to expand oil and gas production, a report on Monday showed, despite International Energy Agency guidance against new facilities in order to slow global warming.Last year, 25 of the…
BP is sticking with its Russian oil and gas business, which has so far been unaffected by simmering tensions between Russia and the West, Chief Executive Bernard Looney said on Monday.BP is the largest foreign investor in Russia with a 19.75% stake in the country's national oil company Rosneft…
CGX Energy and Frontera said Monday they'd focus on their Corentyne block in Guyana in 2022 fully, and not engage in drilling activities on the Demerara block at all.The partners said their decision was based on the positive results from the Kawa-1 offshore well…
UK-based offshore engineering and maintenance contractor Bilfinger UK has secured a major contract with TotalEnergies that will create 300 fixed-term positions.The contract is for the delivery of fabric maintenance campaign services on TotalEnergies’…
Russian oil firm Gazprom Neft has recently completed a seismic data acquisition project at the Yuzhno-Obsky license block, located in the waters of the Gulf of Ob in the Kara Sea.The objective of the six-vessel survey campaign was to clarify the structure of promising underlying geological features…
Deepwater drilling specialist Transocean said Monday it had secured around $87.7 million in offshore drilling contracts since its last quarterly rig fleet report.In its report, Transocean said it had won contracts for five offshore drilling rigs…
Equinor, on behalf of its partners, last Friday exercised options valued at around NOK 11,5 billion ($1,28 billion) for framework agreements for maintenance and modification services for all onshore and offshore installations.'The cooperation with Aibel AS…
Malaysian oilfield services firm Uzma has received a Letter of Award from ExxonMobil Exploration and Production Malaysia Inc. for the provision of non-rig assisted electric wireline logging equipment and services.The contract is for the provision…
Exxon Mobil Corp has bet billions of dollars on offshore drilling in Brazil, an area it once abandoned and now sees as key to its future.But five years into its comeback, the U.S. oil giant has yet to make a major oil discovery as an operator…
French energy industry giant TotalEnergies has partnered with the Norwegian company Semar in the development of the innovative Honeymooring solution, which, according to TotalEnergies, will contribute to lowering the floating wind costs and reducing seabed footprint…
UK-based Manor Renewable Energy (MRE) has appointed Billy Hamilton as Managing Director, following on from his role as Sales Director for the Group. The company, recently bought by OEG Offshore, said Hamilton has worked on developing the market…
FPSO leasing company BW Offshore has decided to record an impairment to the book value of the FPSOs BW Athena, Espoir Ivoirien, Sendje Berge, Petróleo Nautipa and Umuroa amounting to $66.6 million in the fourth quarter of 2021 as well as $23…
U.S. oil and gas company ConocoPhillips has awarded a jack-up drilling rig contract to Malaysia's Icon Offshore for its Sarawak 2022 drilling campaign.The contract is for the Icon Caren jack-up drilling rig, previously known as Perisai Pacific 101…
Norwegian oil and gas firm Vår Energi, a spin-off from Italy's Eni, said its planned stock market listing in Oslo will value the company at 70 billion crowns ($7.8 billion), the low end of the company's intended range.Eni last month announced…
Norwegian offshore vessel owners Solstad Offshore and Siem Offshore said Monday in separate statements they'd secured a contract for their offshore vessels.Solstad Offshore won a contract for its construction support vessel Normand Valiant with Brazil's Petrobras…
