Guyana is preparing to raise the take of the government in future oil licences, the director of the South American country's Department of Energy said on Wednesday.U.S. energy giant Exxon, French group Total and Britain's Tullow Oil are drilling wells offshore Guyana…
Eni and its partners have been awarded rights to Block WB03, located in the medium deep waters of the prolific Tano Basin, offshore Ghana, the Italian supermajor announced of Wednesday.Eni said it will be the operator of the license, and its…
Italian oil contractor Saipem is stepping up efforts to find a partner for its drilling business by moving a top manager to head the business, a source with knowledge of the matter said on Tuesday.Stefano Porcari, chief operating officer at the group's E&C Offshore Division…
Mexican state oil company Pemex is pursuing a risky Gulf of Mexico deepwater project despite vowing as recently as two weeks ago it would focus its limited resources elsewhere, according to a filing with the country's oil regulator.Pemex sought…
Singaporean rig builder Sembcorp Marine said on Wednesday that authorities had searched its shipyard in Brazil as part of a graft investigation, sending its shares lower and underlining the staying power of Brazil's ongoing 'Car Wash' corruption probe…
Esvagt, provider of emergency rescue and response vessels and related services to the offshore energy industry, said it has appointed a new head of business development to lead a push into new services, including in offshore wind.The Danish…
Frank Joseph Pallone Jr., the U.S. Representative for New Jersey's 6th congressional district, says that the battle against the Trump Administration’s push for seismic blasting and drilling for oil and gas in the Atlantic Ocean has made progress…
Maersk Supply Service has signed a three-year contract extension with Inmarsat for its new dedicated bandwidth service Fleet Xpress, including a a dedicated bandwidth charterer service agreement.The Danish company, which has a fleet of 40 anchor handlers…
An $800 million green loan facility launched by Ørsted brings together 15 banks to finance the company’s first commercial offshore wind farms in Taiwan.“Taiwan is eager to expand its share of renewable energy. The country’s financial institutions want to be a part of that green transition…
Norwegian offshore supply vessel provider Golden Energy Offshore (GEO) named two platform supply vessels (PSVs).The company's CEO Per Ivar Fagervoll said that the sister vessels Energy Empress and Energy Duchess were named on 29 June 2019. The…
UK-based offshore drilling contractor EnscoRowan announced that it will change its name to Valaris, effective July 31, 2019.The London-headquartered firm said in a stock exchange announcement that its ordinary shares will trade under the new ticker symbol VAL following its name change…
Mauritania is back, it seems, as Africa’s newest oil province, just 13 years after a sudden production drop at its first offshore oilfield, Chinguetti, precipitated the authorities ire over contracts and a rash of oil company departures.Now…
McDermott International said it was able to mitigate impact of two cyclones en route to completing the first of two offshore campaigns for Reliance Industries Ltd. KG-D6 R-Cluster subsea field development, in the Krishna Godavari Basin, located off the East Coast of India…
Italian supermajor Eni said it has started the early production phase from the Miztón field, located in the Campeche Bay offshore Mexico, marking the first step in the development of Area 1, which is estimated to hold 2.1 billion of oil equivalent in place (90% oil) in the Amoca…
Saudi Aramco signaled its commitment to cutting edge technology and developing global partnerships with the opening yesterday of a “game-changing” Baker Hughes GE (BHGE) research facility at Dhahran Techno Valley.The facility will house a number of state-of-the-art technologies…