Norway's Equinor plans to drill 30-40 oil and gas exploration wells globally in 2020, similar this year, with Brazil being a 'hotspot' of its international efforts, the company's exploration head said on Tuesday.The company will drill about 20-30 exploration wells on the Norwegian continental shelf…
NOIA President Erik Milito weighs in after Congressional Democrats introduced the Stop Giving Big Oil Free Money Act, which the lawmakers say will repeal 'a loophole' in the Deepwater Royalty Relief Act of 1995 (DWRRA) that allowed oil and gas…
Bahamas Petroleum Company (BPC) has signed a master services agreement (MSA) with Baker Hughes, as the oil and gas exploration company moves toward drilling its first exploration well in the Bahamas in 2020.In August 2019, following extensive technical discussions and mutual due diligence…
A ransomware attack hit computer servers and halted administrative work on Monday at Mexican state oil firm Pemex, according to employees and internal emails, in hackers' latest bid to wring ransom from a major company.Hackers have increasingly…
BP has started drilling the deepwater Puma West prospect in the Green Canyon block in the U.S. Gulf of Mexico.Project partner Talos Energy, which sold an operating inetrest in the project to supermajor BP, said the well is being drilled by the…
The U.S. Department of Energy said on Thursday that President Donald Trump had formally nominated Deputy Energy Secretary Dan Brouillette, a former vice president of Ford Motor Co and Louisiana state energy regulator, to head the department…
Repsol will acquire a 20% nonoperated interest in the Monument prospect that oprator Equinor is drilling in the Northwest Walker Ridge area in the deepwater Gulf of Mexico, Equinor said in an announcement on Thursday.The Norwegian energy copany…
Sembcorp Marine Rigs & Floaters Pte. Ltd. has won a contract from Shell Offshore Inc. to build and integrate the topside and hull of a Floating Production Unit (FPU) for the Whale field in the Gulf of Mexico.The agreement precedes a final investment decision (FID) for the full Whale project…
One of the world's largest crane vessels has set a new local heavy lift record of 11,100t for the Gulf of Mexico.The record lift, performed by the Saipem 7000 on October 7, took place during the installation of a gas compression module for the…
Hess Corporation has made an oil discovery at the Esox-1 exploration well located in Mississippi Canyon Block No. 726 in the deepwater Gulf of Mexico, the US-based independent announced on Tuesday.Esox-1 was drilled in 1,405 meters water depth…
Slumping revenues pushed Mexico's Petroleos Mexicanos to a net loss of 87.4 bln pesos ($4.43 billion) in the third quarter, but the struggling state oil firm said on Monday it had cut back its hefty debt load, bucking the trend of recent years…
Norwegian-based DNV GL said it has been selected as Equinor's certifying authority and classification society for Bay du Nord project, offshore Atlantic Canada.Located approximately 480 kilometers northeast of St. John’s, Newfoundland and Labrador…
McDermott International said it has completed and delivered the Abkatun-A2 production platform for customer PEMEX Exploracion y Produccion in Mexico's Bay of Campeche in the Gulf of Mexico.'With substantial completion of the Abkatun-A2 Platform project successfully achieved…
Houston based equipment and services firm Deep Down announced on Thursday it has received orders exceeding $2 million from different customers, within one week.The orders are for flying leads, riser isolation valve controls and other offshore equipment and services…
Equinor's third-quarter profit fell by more than expected on Thursday after a significant decline in the volume and price of natural gas sold to Europe, although the Norwegian firm reiterated its forecast for flat 2019 production.Shares in Oslo-listed Equinor were up 2…