Adura has welcomed the conclusion of the public consultation period on the Rosebank oil and gas field, a significant regulatory milestone before a formal decision on the project.The end of the consultation by the Offshore Petroleum Regulator…
Chevron said on Monday it had discovered oil and gas condensate at an exploration well in Block 0, offshore Angola, adding to its push to increase production in sub-Saharan Africa through infrastructure-led exploration.Western and southern Africa…
Norwegian energy group Equinor said on Monday it has agreed to buy a stake in a gas-fired power plant in the U.S. state of Pennsylvania, seeking to benefit from rapidly growing electricity demand from data centres and other industry.Equinor will pay $940 million…
For generations, the Gulf of America has served as the proving ground for offshore innovation. Every major chapter in modern offshore energy has depended upon American engineers, geoscientists, mariners, fabricators, regulators, and offshore workers to solve problems many believed were beyond reach…
Petrobras has identified the presence of hydrocarbons in an exploratory well being drilled in block FZA-M-59, in deep waters off the coast of Amapá in the Amazon River mouth sedimentary basin on the Brazilian equatorial margin.The Morpho well…
The Tupi field in the pre-salt layer of the Santos Basin has reached a cumulative production of 4 billion barrels of oil equivalent (boed), becoming the first in Petrobras’ 73-year history to achieve this production volume.This year, the asset also surpassed…
BP has, in partnership with United Arab Emirates firm XRG, and a unit from Qatar's conglomerate UCC Holding secured a licence to explore and develop Venezuela's offshore Loran field's second phase, according to the British company's and government officials' announcements on Thursday…
Norwegian oil and gas companies have raised their projected investments for 2026 and 2027 compared with estimates made three months ago, a quarterly industry survey showed on Thursday.The Nordic country's biggest business sector now expects to invest 275 billion Norwegian crowns ($28…
Shearwater Geoservices has received two separate Letter of Awards (LOA’s) from Oil and Natural Gas Corporation Limited (ONGC), each representing a large offshore 3D seismic survey offshore India.Combined, the two projects add approximately 15 vessel months of backlog…
The latest Trump administration sale of oil and gas drilling rights in the Gulf of Mexico attracted nearly $82.7 million in high bids on Wednesday, generating more money than a sale in March, but far less than one held in December.The Trump administration offered more than 80 million acres (32…
A wave of new investment in dedicated shuttle tankers has been spurred by the age profile of the existing fleet coupled with surging developments in the Brazilian offshore market.Constituting a specialized asset class, dynamic positioning (DP)…
The Norwegian Offshore Directorate has reported that Aker BP and Equinor have drilled a dry exploration well, 15/6-17, in the Svarteknippa prospect in the North Sea.The prospect is located 15 kilometers west of the Solveig field and 220 kilometers west of Stavanger…
China's oil and gas major CNOOC announced on August 9 that its Phase I development project at the Bozhong 19-6 gas field began full production, with daily oil and gas output exceeding 5,200 metric tons of oil equivalent, or 37,960 barrels per day…
Nigerian President Bola Tinubu approved a new regulatory and fiscal framework for offshore oil and gas projects, his office said on Tuesday, a move the government says could attract up to $50 billion in investment and revive long-delayed developments…
Lloyd's Register (LR) has appointed Wouter Pattynama as Executive Client Solutions Manager, Offshore, strengthening its offshore energy expertise and expanding support for clients across Australia, New Zealand and the wider Asia-Pacific region…