Australian oil and gas giant Woodside has signed binding agreements with Cairn for the acquisition of Cairn's 40 percent interest in Woodside-operated offshore oil blocks in Senegal.The firm deal, announced Friday, comes after Cairn had in July agreed to sell its interest in the Rufisque Offshore…
Australian offshore vessel operator MMA Offshore has secured vessel charter extensions with Woodside Energy.The contracts are for two of MMA Offshore vessels and will run until March 2022.'These extensions increase the Company’s contracted revenue…
Malaysian state-owned energy giant Petroliam Nasional Berhad said on Friday it would reshape its portfolio after reporting its first quarterly loss in nearly five years following a coronavirus-related demand slump and lower oil prices.Petronas…
An idled oil storage facility off Venezuela's eastern coast is in 'satisfactory' condition, an official with state company Petroleos de Venezuela said, after a series of incidents in recent months raised concerns about environmental hazards…
Oil and gas company Spirit Energy has been awarded six new licenses in the UK North Sea as part of the UK's 32nd Offshore Licensing Round.Spirit was handed operatorship in three of the licenses; Medusa, Bucephalus and Cavendish N extension, and partnership in the remaining three…
Ocean bottom node (OBN) seismic company Axxis Geo Solutions has signed a data licensing agreement with an unnamed international oil company. AGS said Friday the sale was related to the company’s OBN Seismic Data Library over Utsira in Norway…
Australian oil and gas company Kato Energy has filed an offshore project proposal for the development of the Amulet field - and possibly the Talisman field - on the North West Shelf, offshore of mainland Western Australia (WA).The field, located 132 km north of Dampier…
Pressure mounted on German Chancellor Angela Merkel on Thursday to reconsider the Nord Stream 2 pipeline, which will take gas from Russia to Germany, after she said Kremlin critic Alexei Navalny had been poisoned with a Soviet-style nerve agent…
ARO Drilling, a Saudi-focused offshore drilling joint venture between Valaris and Saudi Aramco, has appointed new CEO.The offshore drilling company said via social media that Derek Kent was named as its Chief Executive Officer. He succeeds Kelly McHenry…
Brazilian oil company Petrobras has extended contracts with offshore services company Subsea 7 for three pipelay support vessels (PLSVs) operating offshore Brazil. Subsea 7 said Friday that the extensions of long-term contracts had a combined value of about $155 million…
Offshore accommodation specialist Prosafe has agreed with Shell to defer and amend the charter deal for its DP3 Safe Zephyrus semi-submersible accommodation rig.The flotel company has been hit hard by COVID-19 related cancellations and contract delays in the past months…
UK-based oil and gas company has won three offshore licenses as part of the UK's 32nd Offshore Licensing Round. The round offered for award 113 license areas over 259 blocks or part-blocks to 65 companies.Premier Oil said that the blocks awarded were near its operated assets…
The UK government said Thursday it would review its policy on the future UK offshore oil and gas licensing regime as part of the wider aim of the country towards achieving net-zero emissions by 2050.'The review will ensure the Government has…
Venezuela's state-run PDVSA and Eni are looking at options to safely offload crude from a floating storage facility on Venezuela's eastern coast that has remained idle for over a year due to U.S. sanctions, according to sources close to the discussions and a statement from the Italian oil company…
Norway's $1.2 trillion wealth fund will ask the companies in its portfolio that emit the most carbon dioxide (CO2) for more detailed climate-related data in order to understand the risk posed to its investments, a top official said.The world's largest sovereign fund…