Norwegian authorities have approved development plans for the Duva (PL636) and Gjøa P1 (PL153) projects in the North Sea, operator Neptune Energy announced on Wednesday.The fields will be developed through subsea tiebacks connecting two templates to the nearby Gjøa platform…
Norwegian energy company Equinor announced Tuesday it has signed three-year contracts with services firms Tendeka and Baker Hughes for providing sand screen services at a total value of around NOK one billion ($117.5 million), including options for five two-year extensions…
Mexico's oil regulator on Tuesday approved a $97 million plan for drilling in an offshore area operated by British supermajor BP in the southern Gulf of Mexico.The four-year exploration plan approved by the national hydrocarbons commission (CNH) covers a 700…
Oil services company TechnipFMC said it would pay $301.3 million to resolve anti-corruption probes with Brazilian and U.S. authorities, and added it was committed to resolving another probe on its affairs with French authorities.TechnipFMC said…
British engineering and oilfield services provider Wood Plc said on Wednesday its operating profit for the first half would be 25% higher than last year, sending its shares up more than 7%.The company said its overall performance in the first half was better than a year earlier…
Norwegian oil and gas rig operator Dolphin Drilling filed for bankruptcy on Wednesday, leading creditors to seize its key assets in a restructuring that will see the company maintain operations.Formerly known as Fred. Olsen Energy, Dolphin Drilling…
Norwegian offshore support vessel owner DOF Subsea is seeking a revision of debt terms with creditors as it struggles to achieve a refinancing solution.The cash-strapped subsidiary of Oslo-listed DOF Group has launched a bid to align bond and loan covenants as its refinancing continues…
The geoservices company Shearwater GeoServices announced it has been awarded a 4D seismic survey by Total to be conducted this summer offshore Denmark.The survey will be conducted by Shearwater’s SW Amundsen vessel at the Tyra, Tyra SE and Roar Fields…
The oil and gas exploration and production company International Petroleum Corporation (IPC) has commenced drilling the first well in a planned multi-well drilling program on Block PM307, located offshore Peninsular Malaysia.Canada-based IPC…
Oilfield service company Baker Hughes, a GE Company (BHGE) has entered into a joint venture with the California-based Artificial Intelligence (AI) software provider C3.ai to accelerate the digital transformation in the oil and gas industry.'AI…
Verification of the Seabox ability to treat water for increased oil recoveryUnlocking full oil recovery potential is key for operators and a determining factor for field developments. Maximizing recovery rates is even more important in the current environment…
The brother of Senegal's President Macky Sall has resigned from his government post after allegations of fraud relating to natural gas contracts, he said on Monday.An investigation by the British Broadcasting Corporation (BBC) this month alleged…
Norwegian based engineering, procurement and construction (EPC) firm Kvaerner said it has been awarded a contract from Shell to perform an early phase design engineering of the planned Jackdaw wellhead platform on the UK Continental Shelf.Kvaerner…
Shell's Curlew floating production, storage and offloading vessel (FPSO) arrived in Dundee, Scotland on Saturday for cleaning and waste disposal in preparation for full decommissioning.The work will be undertaken in the Port of Dundee by Augean North Sea Services (ANSS)…
Maersk Drilling announced Tuesday it has secured contracts for a two-well project for the drillship Maersk Valiant with Repsol Exploración Mexico, S.A. de C.V. for work in Block 10 and 29 offshore Mexico in the Gulf of Mexico.The contracts have…