Africa Oil has completed the farm down of its interests in blocks 2912 and 2913B offshore Namibia, containing the Venus field, to TotalEnergies EP Namibia.The farm down was conducted via Africa Oil’s investee company Impact Oil & Gas Limited…
Offshore drilling contractor Shelf Drilling has secured contract extensions for two of its jack-up rigs with Chevron Thailand Exploration and Production for operations offshore Thailand.The contract extensions are for Shelf Drilling Chaophraya and Shelf Drilling Krathong jack-up rigs…
Norwegian offshore supply vessel company DOF Group has concluded the acquisition of Denmark-based Maersk Supply Service, which will be renamed to DOF Denmark.The combined company is expected to become one of the leading offshore service provider…
BlueNord, the partner in the Tyra II project along with TotalEnergies and Nordsøfonden, has informed that Tyra II facilities will start operating at maximum technical capacity in the first half of November 2024, following the completion of equipment repairs…
Aker BP expects Norway's largest oilfield Johan Sverdrup to produce at peak levels well into 2025, it said on Wednesday, taking a more bullish view than the field's operator and boosting its shares.The Norwegian company, partly owned by BP,…
The British government will increase a windfall tax on North Sea oil and gas producers to 38% from 35% and extend the levy by one year, finance minister Rachel Reeves announced on Wednesday.Presenting the first budget under the new Labour government…
French oil major TotalEnergies third-quarter profit hit a three-year low of $4.1 billion on Thursday, slightly missing expectations as refining margins and upstream outages dragged down earnings.Adjusted net income was down 37% from a year earlier and 12…
Shell reported on Thursday third-quarter profits of $6 billion that exceeded forecasts by 12% as higher liquefied natural gas (LNG) sales offset a sharp drop in oil refining and trading results.The results, together with a drop in debt and strong cash flow…
Trident Energy has brought online the C-45 infill well at Ceiba field, part of Block G offshore Equatorial Guinea, which is already producing over 5,000 barrels of oil per day.The well first came Online on October 15, and according to Trident Energy…
Dutch company KOTUG International has secured a contract from BP to provide marine services to the Greater Tortue Ahmeyim (GTA) project offshore Mauritania and Senegal.KOTUG International and its local Senegalese partner Maritalia have been awarded a long-term fixed-term contract…
Shell-operated joint venture, consisting of Deltic Energy and Dana Petroleum, has confirmed gas discovery in the Selene prospect in the North Sea.The Shell operated 48/8b-3Z well, in license P2437, proved a 160-meter-thick section of Leman Sandstone…
Offshore drilling contractor Vantage Drilling has completed the sale of two premium jack-up rigs to ADES Holding Company, contracted for work in Southeast Asia.The sale includes the Topaz Driller jack-up rig, operating in the Malaysia-Thailand joint development area…
Woodside has completed the sale of a 15.1% non-operating participating interest in the Scarborough joint venture to JERA, Japan’s largest power generation company, for approximately $1.4 billion.The Scarborough joint venture includes the Scarborough…
Oil and gas company BW Energy has signed production sharing contracts (PSCs) for the exploration blocks Niosi Marin and Guduma Marin offshore Gabon, in partnership with Panoro Energy and VAALCO Energy.The blocks, formerly named G12-13 and H12-13…
The floating production, storage, and offloading (FPSO) unit Almirante Tamandaré, built by SBM Offshore, has arrived to Brazil ahead of installation at Petrobras’ Búzios field in the Santos Basin.The Almirante Tamandaré FPSO has been built with the capacity to produce 225…