Oil major BP has paused discussions with Venezuela on the development of a gas project on the maritime border with Trinidad and Tobago following the expiration of a U.S. license to Venezuela in April, a company spokesperson said on Wednesday…
Norwegian energy firm Equinor has made an oil discovery while drilling the well at the Svalin field in the North Sea, using Odfjell Drilling’s Deepsea Aberdeen rig.The oil discovery was made in well 25/11-H-1 H in production license 169. Equinor is the operator of the license…
Offshore drilling contractor ARO Drilling, a joint venture between Aramco and Valaris, has taken delivery and held a naming ceremony for its second jack-up newbuild, the Kingdom 2.The Kingdom 2 jack-up rig was built for ARO Drilling by International Maritime Industries (IMI)…
Promethean Energy has awarded a master services contract to independent wells specialist Elemental Energies to support the decommissioning of nine orphaned wells in the Gulf of Mexico.The first phase of the project started in February with Elemental…
Portuguese energy firm Galp has signed an agreement with Abu Dhabi National Oil Company (ADNOC) for the sale of 10% stake in Area 4, offshore Mozambique.Area 4 includes Coral Sul FLNG, in operation since 2022, as well as the prospective Coral North FLNG and Rovuma LNG onshore developments…
Equinor has exercised an option for a batch of eight wells to extend the use of the Odfjell Drilling’s Deepsea Aberdeen rig on the Norwegian Continental Shelf.The exercised options are planned to start in the fourth quarter of 2025 in direct…
The incoming chief executive of Petrobras will execute its investment plan with no 'surprise' for investors, Brazil Mines and Energy Minister Alexandre Silveira said on Tuesday, in his first comments since the state-run oil firm announced a CEO swap…
Saipem has been awarded three new contracts by TotalEnergies for the Kaminho project, relating to the development of Cameia and Golfinho oil fields offshore Angola, worth $3.7 billion.The first of the contracts, awarded by TotalEnergies' subsidiary TotalEnergies EP Angola Block 20…
Muanda International Oil Company (MIOC), Perenco’s Democratic Republic of the Congo (DRC) subsidiary, has drilled two exploration wells to date in 2024, making the first exploration discovery offshore the country in almost thirty years.Using…
BW Energy has made a ‘substantial’ oil discovery with good reservoir quality in the DHIBM-7P pilot well drilled to appraise the northern flank of the Hibiscus field, offshore Gabon.BW Energy said it plans to complete the well as a production well later in 2024…
TotalEnergies, along with its partners Petronas and Sonangol, has made a Final Investment Decision (FID) for the Kaminho project to develop the Cameia and Golfinho fields offshore Angola.Located 100 km off the coast of Angola in 1,700 m water-depth…
U.S.-based oilfield services provider Expro has completed a five-well subsea job in Australia, marking also a milestone in using its SeaCure cementing technology.Expro completed the 100th SeaCure as part of a project in Australia consisting of a five-well subsea batch campaign…
U.S. energy firms this week added oil and natural gas rigs for the first time in four weeks, energy services firm Baker Hughes said in its closely followed report on Friday.The oil and gas rig count, an early indicator of future output, rose by one to 604 in the week to May 17…
North Sea oil and gas producers are merging and shifting overseas as Britain's windfall tax slashes profits and as the opposition Labour Party threatens more tax if it wins the next general election.The change of strategy could accelerate the decline of domestic production…
The specialized vessel Sapura Ônix is on its way to Atlanta Field in Santos Basin, offshore Brazil, where it will carry out the installation of subsea equipment to support the oil production, targeted for August 2024.Brazilian oil and gas company…