Tullow Oil has signed a sale and purchase agreement to acquire the floating production, storage and offloading vessel (FPSO) Prof. John Evans Atta Mills for $205 million, as Ghana ratified extensions to key petroleum agreements covering the Jubilee and TEN fields…
Turkey said on Thursday it opposed Greece's 'unilateral activities' in energy fields south of Crete with a consortium led by U.S. major Chevron as a violation of international law and good neighbourly relations.Athens responded that its policies abide international law…
Geoinform, a subsidiary of MOL Group and a service provider in Hungary’s hydrocarbon and geothermal sectors, has signed a strategic cooperation agreement with Baker Hughes aimed at introducing advanced oil and gas technologies and boosting operational efficiency…
Malaysia’s MISC has secured long-term bareboat charter and operations and maintenance contracts with ExxonMobil PNG (EMPNG) for Papua New Guinea’s first floating storage and offloading (FSO) unit.The contracts comprise a firm 15-year charter with extension options of up to an additional 15 years…
Akrake Petroleum Benin, an indirect subsidiary of Rex International Holding, has achieved first oil from the AK-2H well at the Sèmè Field Block 1 offshore Benin, as drilling complications and cost overruns prompt a strategic and financial review…
Kongsberg Discovery has upgraded its Kongsberg Listen electromagnetic sensor system, enhancing data processing and visualization capabilities for inspections, surveys and knowledge acquisition in complex underwater environments.The system, formerly known as Argeo Listen…
Japan's top power generator JERA has begun construction of its offshore wind project in Akita, northern Japan, and is on schedule for a 2028 start-up, President Hisahide Okuda said on Wednesday.The move comes despite soaring material and construction costs…
A pipeline between neighbors Guyana and Suriname to transport gas from their offshore projects would be of 'high interest' to increase the availability of the fuel, said on Wednesday the managing director of Suriname's state-run Staatsolie, Annand Jagesar…
Exxon Mobil's fifth and sixth projects in Guyana - Uaru and Whiptail - are progressing ahead of schedule and under budget, the oil major's president of Guyana operations said on Wednesday during an energy conference.Alistair Routledge, Exxon Guyana President…
Dolphin Drilling Offshore, a wholly owned subsidiary of Dolphin Drilling, and Sapura Drilling Asia, a wholly owned subsidiary of Vantris Energy, have entered into a marketing agreement for the semi-submersible drilling unit Blackford Dolphin…
Turkish Petroleum (TPAO) has signed a partnership agreement with Shell to conduct oil and gas exploration activities in the Khan Tervel Field located in Bulgaria’s exclusive economic zone, marking its latest move to expand internationally.Under the deal…
Equinor and its partners have drilled a dry well on the Vikingskipet prospect in the Barents Sea.Wildcat well 7018/5-2 was drilled in production license 1236, about 190 kilometers west of Hammerfest and about 140 kilometers southwest of the Snøhvit field…
Santos unveiled plans to cut about 10% of staff and review its Australian Integrated Oil and Gas portfolio after reporting a sharp fall in annual profit on Wednesday.Shares of Australia's No. 2 oil and gas producer closed 0.6% lower at A$6.63…
Suriname and Guyana plan to create a joint technical team to explore the development of natural gas production projects between the two South American countries, Suriname's oil minister told Reuters.The team, which could be installed next month…
Eco Wave Power has completed a feasibility study for a potential wave energy power station at the Port of Ngqura in South Africa, identifying the technical potential to deploy approximately 8.3 MW of installed capacity along the port’s breakwater infrastructure…