BP reported on Tuesday first-quarter earnings of $2.7 billion, down 40% from a year earlier and missing forecasts due to lower energy prices and a U.S. refinery outage, even as oil and gas production increased.The London-based company held its dividend at 7…
The Norwegian Offshore Directorate has granted Aker BP a drilling permit for two wells in the Barents Sea, which will be drilled using Saipem’s Scarabeo 8 semi-submersible rig.The permit issued by Norwegian Offshore Directorate are for the wildcat…
China’s state-run China National Offshore Oil Corporation (CNOOC) has brough on stream a gas field in the Bohai Sea, offshore China.CNOOC’s Bozhong 19-6 Gas Field 13-2 Block well site development project is located in central Bohai Sea, with an average water depth of approximately 23 meters…
Negotiations for the development of Tanzania's $42 billion liquefied natural gas export plant have been delayed by proposed government changes to a financial agreement reached last year, a government spokesperson and two company sources said…
U.S. energy major Exxon Mobil's arbitration case that could block Chevron's purchase of Hess will extend into 2025, Exxon CEO Darren Woods said in an interview on CNBC on Monday, ahead of a coming vote by Hess shareholders on the deal.Exxon…
Engineering consultancy Wood has secured a new decarbonization contract from TotalEnergies to support flare gas recovery in the North Sea.The 23-month contract, part of the Elgin-Franklin Flare Gas Recovery System Project, follows Wood's successful…
Seatrium has secured a topsides integration contract from MODEC's company Offshore Frontier Solutions for the Errea Wittu floating production storage and offloading (FPSO) unit.The contract scope of work covers the installation and integration of topside modules onboard the FPSO Errea Wittu…
Norwegian subsea technology company Optime Subsea has been awarded a contract by Aker BP to develop and deliver five Remotely Operated Controls Systems (ROCS) for use on the Norwegian continental shelf.Aker BP has placed an order with Optime…
Saipem’s underwater intervention drone Hydrone-R, currently operating on Equinor's Njord Field development project offshore Norway, has achieved the milestone for continuous subsea residency of 167 days.The project, for which Saipem’s Hydrone-R is deployed…
Global maritime company BW Group has unveiled plans to separate BW Energy as an oil and gas exploration business from its maritime businesses, as part of corporate restructuring process.BW Group currently owns 191,903,110 shares in BW Energy…
Canada-based Touchstone Exploration has agreed to acquire UK company Trinity Exploration and Production which has onshore and offshore oil assets located solely in Trinidad and Tobago.Under the terms of the acquisition, Trinity shareholders will receive 1…
Saudi oil and gas drilling contractor ADES Holding has secured a contract from Suez Oil Company (SUCO) for a 21-month jack-up drilling work in the Gulf of Suez, offshore Egypt.The contract, whose firm term is valued at $42.9 million (SAR 161 million)…
The technical issue, which has temporarily impacted the commissioning of the facilities at Denmark’s largest offshore gas development, has been identified with repair works currently ongoing as the timeline for reaching Tyra II full technical capacity gets delayed for the third quarter of 2024…
Esgian reports an eventful week with contract confirmations, terminations and suspensions in its Week 18 Rig Analytics Market Roundup.Report SummaryContractsBurullus Gas Company, the self-operated joint venture between Shell Egypt, the Egyptian Natural Gas Holding Company (EGAS)…
As Big Oil returns this week to the industry's annual showcase for offshore energy projects and equipment in Houston, deepwater discoveries off Guyana, Namibia and the U.S. Gulf Coast will take the spotlight.Offshore exploration had dimmed after the U…