As part of its 2017-2022 offshore oil and gas leasing program, the U.S. administration plans to hold a 'region-wide' Gulf of Mexico lease sale in November 2020. The lease sale was originally expected to be held in August but due to the oil and gas market downturn…
Malaysia's Perdana Petroleum has won a contract with Dayang Enterprise for the charter of and accommodation work barge and an anchor handling tug.Perdana said on Friday the contract had been awarded to its subsidiary Perdana Nautika.The contract value is estimated at RM6…
Danish offshore drilling company Maersk Drilling has recently upgraded its 2014-built Maersk Valiant ultra-deepwater drillship.While the Maersk Valiant was recently stacked offshore Port Fourchon the Managed Pressure Drilling (MPD) system was…
Indonesia's oil and gas lifting in the first half of this year was lower than targeted as the coronavirus pandemic continued to dampen demand, the chairman of regulator SKK Migas said Friday.Oil lifting in January to June stood at 713,300 barrels per day (bpd) while gas lifting stood at 5…
Norway's June crude oil output fell more than expected from May while natural gas production rose less than expected, the Norwegian Petroleum Directorate said on Friday.Crude oil output fell 12% to 1.54 million barrels per day (bpd) which was 4…
Polarcus' seismic vessel Polarcus Nadia is on the move, after more than five years in lay-up in the Netherlands, according to information released Friday by Dutch Marine Contractors.The Polarcus Nadia, delivered in 2010, was cold stacked by…
Oil major BP has received regulatory approval for the planned drilling of the Ironbark prospect at the WA-359-P permit offshore Western Australia.BP is acting as the operator of the project - estimated to contain 15tcf of prospective recoverable…
Norwegian oil company Aker BP has named Ine Dolve as SVP Operations & Asset Development. She will replace Kjetel Digre who has accepted the role of the new CEO of Aker Solutions.Dolve will be part of the Executive Management Team of Aker BP…
A former boss of Mexican state oil company Petroleos Mexicanos arrived back in Mexico on Friday where he will face an initial court hearing to answer corruption charges that could engulf leaders of the last government.Emilio Lozoya, who was extradited back to Mexico from Spain overnight…
Oil and gas company Twinza has started negotiations with the Papua New Guinea authorities regarding the fiscal terms that will apply to the proposed development of the Pasca A gas-condensate offshore field.The shallow water field in the Gulf of Papua was discovered in 1968 but was never developed…
Norwegian offshore energy services provider Aker Solutions will spin off its wind development business and the carbon capture technology business in two separate firms, ahead of the proposed merger with engineering and construction firm Kvaerner…
A group of the world's top oil companies, including Saudi Aramco, China's CNPC, and Exxon Mobil, have for the first time set goals to cut their greenhouse gas emissions as a proportion of output, as pressure on the sector's climate stance grows…
Aker Solutions announced a merger with Kvaerner and a new chief executive on Friday, forming a firm with $4 billion in revenue that will target the growing renewable energy market.The two oil services firms are controlled by Norwegian billionaire…
Norwegian oil company Var Energi is restarting drilling offshore Norway after it had postponed drilling operations in the spring due to the corona pandemic and oil price collapse. 'The decision [to resume drilling] has been made possible by the temporary changes in the petroleum tax…
The global economy will not achieve a V-shaped recovery after the coronavirus epidemic, which will curtail oil and gas demand for years, Royal Dutch Shell's chief executive said.Ben van Beurden told an online interview with IHS Markit Chairman…