Russian oil company Lukoil said it has commenced commercial operation of two wells at D41 offshore field in the Baltic Sea. Construction of one of the wells finished on February 6, 2019, the other was completed on May 7, 2019.The field is operated…
Three leaders in the oil and gas industry’s decommissioning sector have teamed up to launch Fairfield Decom, a new company based in Aberdeen that will manage, integrate and execute end-to-end late life operations and decommissioning activities…
Britain's Premier Oil increased its 2019 production guidance on Thursday, saying output had been boosted by efficiency measures and a late sale from its now-divested Pakistan oil fields.The company said it now expects output to reach 75,000 to 80…
Nigeria’s upstream regulatory hiccups continue to take toll on planned offshore exploration and production schedules as some private investors are stuck with their work programs for lack of clarity on key upstream mergers and acquisition procedures…
Equinor has still not identified the source of an oil spill at its Statfjord field in the North Sea, and the loading of crude onto tankers remains shut, the Norwegian company told Reuters on Thursday.The leakage consisted of 'small observations' of oil on the surface of the ocean…
US based seabed survey and ocean exploration company Ocean Infinity announced it will support Australian marine survey company Guardian Geomatics on an extensive hydrographic project for Shell.The project, which is planned to commence in June…
Petróleos Mexicanos’ (Pemex) US$8 billion bank loan comes amid heavy investor uncertainty over the oil company’s debt load, but lenders wanting to maintain links with Pemex and the left-wing administration overseeing the firm may have little choice but to commit to the financing…
i-Tech 7, Subsea 7’s life of field business unit, has appointed Craig Roberts as its new regional business development manager for its Asia Pacific & Middle East region.Roberts, who joins from Total Marine Technology (TMT) where he was operations manager…
Oil prices rose on Thursday for a third day running as fears of supply disruption amid heightened tensions in the Middle East overshadowed swelling U.S. crude inventories.Brent crude futures were up $1.03 cents at $72.80 a barrel by 1344 GMT…
OMV Norge, a subsidiary of the Austrian oil company OMV, has received drilling permit for well 6506/11-11 S from Norwegian Petroleum Directorate (NPD).NPD said in a press release that the well 6506/11-11 S will be drilled from the Deepsea Bergen drilling facility…
The escalation of the trade war between the US and China could jeopardize several LNG mega projects that are awaiting final approval, said Rystad Energy.China announced on Monday that it will raise the duty on imports of US liquefied natural…
Canadian based Horizon Maritime announced it has taken delivery of the newly rebranded support vessel Horizon Arctic, paving way for the establishment of its new Norwegian operation.The former Bourbon Arctic, now sailing under the name Horizon Arctic…
Heerema Marine Contractors said it has been awarded the Petrofac contract for TenneT's Hollandse Kust Zuid (HKZ) Alpha project, one of the largest offshore wind farm zones being developed in the North Sea off the Dutch coast.The award entails…
An unspecified amount of oil was observed on the sea surface early Wednesday morning in connection with loading oil from buoy to shuttle tanker on the North Sea Statfjord field, Equinor announced.The loading operations were stopped when this was discovered…
Norwegian authorities have formally approved the plan for development and operation (PDO) of the second phase of the Johan Sverdrup field, Equinor announced on Wednesday. The Norwegian energy company said the NOK 41 billion ($4.7 billion) project…