Neptune Energy has awarded certification agency Bureau Veritas a four-year contract to provide second- and third-party inspection services for the new Fenja oil and gas field development, offshore Norway.The Fenja field in the Norwegian Sea is estimated to hold 100 million barrels of oil…
London-based Tullow Oil has unveiled plans to drill for oil and gas in Ghana's offshore Tweneboa Enyenra Ntomme (TEN) oil fields in the deepwater Tano Block as the company embarks on a work program that could see it increase its production in West Africa by 10% in 2019…
Australia's Woodside Petroleum Ltd on Thursday flagged higher-than-expected investment spending for 2019 as it steps up early work on the two big natural gas developments that will drive its growth in the next decade.Australia's largest independent gas and oil producer plans to spend between $1…
Norway's Aker BP will boost dividend payments between now and 2023 and step up investment in developing offshore oil and gas fields next year, the independent oil company said on Thursday.The result of a 2016 merger between the Norwegian operations…
Royal Dutch Shell has appointed Wael Sawan to head its oil and gas production division, replacing Andy Brown who will step down after 35 years at the Anglo-Dutch company.Sawan, 44, a Canadian citizen of Lebanese origin, currently heads Shell's deepwater operations…
Exxon Mobil subsidiary Esso Australia Pty Ltd. awarded integrated subsea engineering, procurement, construction, installation and commissioning (EPCIC) contracts to Subsea Integration Alliance, which comprises OneSubsea, a Schlumberger company…
Spending on the offshore service sector will outpace spending on the onshore shale sector this year, said Rystad Energy.According to Rystad's Oilfield Service Research report, service companies exposed to the offshore subsea market and the maintenance…
With the oil and gas market heating up in Brazil, many foreign service providers are looking to set up shop in Brazil with an eye on new opportunities.Although the South American country's main attraction will continue to be exploration and production (E&P) in post-salt and pre-salt acreage…
Austria's OMV and partners plan to invest up to $6 billion initially to develop the Arctic Wisting oil find, Norway's northernmost oil discovery, which could start production within a decade, a senior executive said on Wednesday.OMV owns a 25…
Australian independent oil and gas company Woodside said Wednesday it has awarded four contracts for front-end engineering design (FEED) activities for the proposed US$11 billion Scarborough Project offshore Western Australia.Each contract was…
Offshore contractor Subsea 7 announced Wednesday it has finalized the acquisition of a 2009-built multipurpose offshore construction and dive support vessel.The vessel Toisa Pegasus, formerly owned by Sealion Shipping, is to be renamed Seven…
Petroleo Brasileiro produced an average of 2.03 million barrels per day (bpd) in Brazil last year, the oil company said in a statement on Tuesday, just below the company's target of 2.1 million bpd.Petrobras' total production of oil and natural gas was 2…
Africa-focused Tullow Oil's production is set to grow to between 94,000 and 102,000 barrel of oil equivalent per day (boed) this year, it said in a trading update on Wednesday, from 90,000 boed last year as it increases output in Ghana.Free cash flow stood at $400 million…
Equinor's Statfjord A platform in the North Sea is in operation again following a brief outage on Tuesday, the operator said on Wednesday.A condensate leak led to a shutdown of production at the platform at around 1530 GMT. The situation was…
Exxon Mobil Corp unit Exxon Mobil Cepu Limited is expected to produce 216,000 barrels per day of crude oil in 2019, making it Indonesia's biggest oil producer, the country's upstream oil and gas regulator (SKKMigas) said.In second place Chevron…