Premier Oil and Rockhopper, two oil companies working to develop the Sea Lion oil field offshore the Falkland Islands, have welcomed Navitas as their potential new partner in the project.The companies have signed non-binding heads of terms with Navitas Petroleum…
Royston said it has completed the overhaul of a critical power system on board the Bluewater Services operated floating production, storage and offloading (FPSO) vessel Aoka Mizu.The diesel power specialist said its team of engineers undertook the 6…
BW Offshore, a provider of floating production services to the oil and gas industry, has signed an extension agreement for Abo FPSO with Nigerian Agip Exploration Ltd, a subsidiary of ENI S.p.A.The contract is extended until end Q4 2020, with options until Q4 2021…
A worker was injured on the Terra Nova floating production, storage and offloading unit (FPSO) offshore Canada's East Coast, the Canada-Newfoundland and Labrador Offshore Petroleum Board (C-NLOPB) said on Monday.On Sunday night, operator Suncor…
Australian oil and gas producer Santos Ltd said on Tuesday it plans to carry out maintenance between April and August at its offshore production unit that produces Van Gogh crude.'The Ningaloo Vision will be undergoing scheduled dry dock maintenance in Singapore over this period…
Malaysia’s Petroliam Nasional Berhad (Petronas) announced it has acquired stakes in two deepwater fields in the Campos Basin offshore Brazil.Petronas said on Sunday its subsidiary Petronas Petróleo Brasil Ltda. (PPBL) completed its acquisition…
Royal Dutch Shell won the rights to market Guyana's first cargoes of crude oil, the government said on Tuesday, just days after oil production began and launched the impoverished South American country into the ranks of world suppliers.An ExxonMobil-led consortium…
ExxonMobil announced Friday it has begun oil production from the deepwater Liza field offshore Guyana ahead of schedule and less than five years after the first discovery of hydrocarbons.Production from the first phase of the Liza field, located in the 6…
The oil regulator for the Atlantic Canadian province of Newfoundland and Labrador has ordered a production shutdown by Suncor Energy's offshore Terra Nova site, finding the company was not compliant with required inspections and repairs.Terra Nova…
Commercial oil production started earlier this month from Layang field on Block SK10 offshore Sarawak, Malaysia, operator JX Nippon Oil & Gas Exploration Corporation announced this week.Layang, which has been producing natural gas since May 2017…
Oil firm Vår Energi, majority owned by Italy's Eni, aims to recover 136 million barrels of oil equivalent (boe) from the Balder area off Norway, the company said on Tuesday, as it presented a redevelopment plan for the field.The 19.6 billion crown ($2…
BP announced on Monday that its three-well drilling program offshore Mauritania and Senegal encountered gas in 'high quality', confirming the supermajor's confidence in the 'world-class scale' of the hydrocarbon resources in the West African region…
Guyana has invited companies interested in purchasing the first three deliveries of the government's share of the country's looming oil production to present bids this week, the government said in a statement on Sunday.The government will later…
Ratings agency S&P Global on Friday downgraded Tullow Oil's long-term credit rating to 'B' from 'B+', days after the Africa-focused company's Chief Executive Officer stepped down and it scrapped its dividend.The London-listed company, which…
Mitsubishi Corporation (MC) and Nippon Yusen Kabushiki Kaisha (NYK) have purchased minority interests in the lease and operation of a newbuild floating production, storage and offloading unity (FPSO) from majority owner SBM Offshore. FPSO Sepetiba…