The Norwegian Offshore Directorate (NOD) has put in focus a major undeveloped gas discovery in the Norwegian Sea that could offer significant value, but warned that time is running out to bring it into production.The Gro discovery, located about…
Sunda Energy has signed a letter of intent (LoI) with Finder Energy to collaborate on securing a drilling rig for planned offshore campaigns in Timor-Leste.The agreement, signed between Sunda’s subsidiary SundaGas and Finder’s Timor-Leste unit…
French President Emmanuel Macron said about 15 countries were planning to facilitate the resumption of traffic through the Strait of Hormuz, through which a fifth of the world's oil supply usually flows, after a ceasefire between the United States and Iran was announced…
Oil prices dived, stocks surged and the dollar was knocked back on Wednesday as a two-week Middle East ceasefire sparked a relief rally, fuelled by hopes that oil and gas flows through the Strait of Hormuz could resume.The news capped weeks of market volatility and geopolitical upheaval after U…
Aberdeen-based subsea technology specialist Decom Engineering has secured a United States patent covering key elements of its Chopsaw cutting technology, strengthening its position in the subsea and onshore cutting market.The patent protects a combination of mechanical and operational features…
Eni has made a gas and condensate discovery offshore Egypt, with preliminary estimates indicating about 2 trillion cubic feet of gas in place.The discovery was made at the Denise W-1 exploration well in the Temsah concession in the Eastern Mediterranean…
Brazilian oil and gas firm PRIO has brought a third producing well online at its Wahoo field offshore Brazil, as it advances plans to ramp up output to 40,000 barrels per day by the end of April.The company said production from the third well has stabilized at around 10…
Dolphin Drilling, an Oslo-listed, Aberdeen headquartered offshore drilling contractor, has signed a letter of intent (LOI) for a potential new contract for its Paul B. Loyd Jr semi-submersible rig, which could keep the unit working through 2030…
India’s state-owned oil firm Oil and Natural Gas Limited (ONGC) has contained the fire that broke out at its SHP platform in the Mumbai High offshore field, with multiple workers sustaining minor injuries.The company said the incident occurred at around 17:45 local time on April 6…
Kazakhstan's energy ministry said on Tuesday that oil shipments via the Caspian Pipeline Consortium were stable after Russia's military accused Ukraine of damaging loading facilities belonging to the group in the Black Sea.Russia's Defence Ministry…
Aker BP has started oil production from the Symra field in the North Sea nine months ahead of original schedule.The field is estimated to contribute approximately 63 million barrels of oil equivalent to the Eiga area.Symra is located approximately…
BW Energy has agreed a 25‑year extension of the Dussafu Marin production license offshore Gabon.Following an agreement with the Ministry of Oil and Gas of the Gabonese Republic, the license period has been extended from 2028 to 2053.The extended license provides long‑term visibility for production…
Yamal LNG, controlled by Russia's largest liquefied natural gas producer Novatek, has sent its first cargo to China since last November, LSEG data showed on Tuesday, weeks before the gradual enforcement of Europe's ban on Russian LNG imports…
The U.S. and Israeli war against Iran has been characterised by a series of miscalculations by most of the involved and peripheral parties, but the real danger is the delusion over the scale of the resulting energy crisis.It is delusional of any nation to think that it…
Global stocks wavered on Tuesday, while oil prices were perched above $110 per barrel as the prospect of escalation in the war in the Middle East and the looming deadline for a deal to be reached kept nervy investors on the sidelines.Markets have been rattled since the U…