Latin America's oil frontiers are back in the spotlight with auctions coming up in Brazil, Guyana, and the Andean region that are expected to attract bids from major oil firms despite a global call to end fossil fuel development.Brazil is set…
Africa needs harmonized oil legislation to avoid ruinous competition among its oil-producing nations as they vie for investors, Senegal's President Macky Sall told an oil conference on Thursday.Sall said that as some developed nations push for an end to investments in fossil fuels…
Greater Tortue Ahmeyim, the Kosmos and BP-backed gas project straddling Mauritania and Senegal, has resumed activities and is making 'good headway,' Mauritania's oil minister told an oil conference in Senegal on Thursday.'We have resumed our activities…
Oslo-based subsea well intervention and installation services company AKOFS Offshore last week scored a three-year deal with Brazil's Petrobras for its vessel Skandi Santos.Under the contract, the Skandi Santos will perform a broad scope of subsea services in Brazil…
Japanese oil and gas company Inpex has agreed to enter a stock transfer agreement with Diamond Generating Europe B.V. a Dutch-registered subsidiary of Mitsubishi Corporation and acquire a 50% stake in the Luchterduinen offshore wind farm and…
U.S. oil company Talos Energy has appointed Robin Fielder as the Company's first Executive Vice President Low Carbon Strategy and Chief Sustainability Officer. Under the newly created executive leadership role, Fielder will serve as the lead…
Kongsberg Maritime said Thursday it had successfully upgraded the safety and automation systems on Aker BP's Alvheim FPSO in Norway.Formerly a tanker named Odin, the vessel was converted into an FPSO in 2008 and renamed Alvheim in recognition of the oil field in which it operates…
Australia's competition regulator approved Woodside Petroleum's agreed $28 billion merger with BHP Group's petroleum arm on Thursday, saying it would not reduce competition in the domestic gas market.The Australian Competition and Consumer Commission…
British oil services firm Petrofac Ltd said on Thursday it expects its revenue for the financial year to be down by about a quarter, as low order intake and the coronavirus pandemic continued to dent its operations.The company forecasts its annual revenue to come in at about $3 billion…
Oil and gas company Lime Petroleum received approval from the Norwegian authorities to acquire Repsol’s 33.8434 stake in the Brage field in the North Sea, offshore Norway.'With this approval, the acquisition is expected to be completed by December 31…
Vår Energi, the largest independent upstream oil and gas company on the Norwegian continental shelf, has said it has entered a joint industry project to develop a more environmentally friendly method for seismic data collection.'Seismic data…
Viaro Energy's subsidiary Rockrose UKCS 10 Ltd has struck a deal to sell its 28% non-operated stake in the Foinaven offshore oil field, west of Shetland, to BP.The Foinaven oil field sits 190 kilometers west of Shetland in water depths of between 350 and 520 meters and is operated by BP…
Catastrophic engine damage led to the fire aboard the U.S. -flagged offshore supply vessel Ocean Intervention near Honolulu, the National Transportation Safety Board (NTSB) said.No pollution or injuries to the 16 crewmembers were reported in connection with the mechanical failure…
Norway-based crane manufacturer Red Rock has won an order from shipbuilder Vard for equipment supply for a service operations vessel (SOV) ordered last week by North Star Renewables for work on the Dogger Bank offshore wind farm in the UK.As previously reported…
An offshore oil block in Ivory Coast controlled by Eni is expected to enter production in the second quarter of 2023 with daily output of 12,000 barrels of oil and 17.5 million cubic feet of gas, the Ivorian government said on Wednesday.Production will then ramp up in 2026 to between 75…