For the first time, China will this year allow foreign companies to explore for and produce oil and gas in the country, opening up the industry to firms other than state-run energy giants, as Beijing looks to boost domestic energy supplies.The…
Norway started producing oil more half a century ago, and, according to the Norwegian Petroleum Directorate, it still hasn't produced half of the resources available.'NPD's analyses show that around 48 percent of resources have been produced…
Oslo-listed marine seismic acquisition firm SeaBird Exploration has secured a letter of award for a survey in Asia.In a brief statement issued Thursday, Seabird kept details scarce. The company said the survey would begin at the end of Q1 and was expected to be completed in Q2 2020…
Africa focused oil and gas firm Vaalco Energy has brought online another well at the Etame field offshore Gabon. The well Etame 11H well has been producing at a higher than anticipated rate, the company said Wednesday.The Etame 11H well is the second development well in Vaalco0s 2019/2020 program…
Norwegian seismic vessel giant Shearwater has completed the strategic vessel transaction with the French seismic company CGG following an agreement signed in June 2019. The transaction includes the takeover of five high-end seismic vessels,…
Norwegian energy company Equinor and its partners plan to extend the oil production from the Statfjord Area in the Norwegian part of the North Sea towards 2040. The area has been in production for 40 years.Based on the extensive mapping of the…
Australian oil and gas firm Woodside has received the Senegal government exploitation authorization for the Sangomar field development offshore Senegal.Woodside filed the final development plan for the Sangomar oil field early in December 2019…
RWE, Germany's largest power producer, could become a takeover target as big industry players strive to expand their renewable portfolios around the world, Goldman Sachs said in a research note on Wednesday.Following an asset swap with E.ON…
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…
Gambia’s petroleum sector objective in the National Development Plan (NDP) of 2018-2021 is shaping up even before the year 2020 gains momentum after Australian firm FAR Ltd announced a key offshore data acquisition project in the West African country…
Offshore drilling giant Transocean has managed to secure new contracts and extensions for eight offshore drilling rigs since its last rig fleet status report issued in October 2019.'Since its last Fleet Status Report issued in October 2019, the company has secured an additional $352…
UK oil and gas player Premier Oil has chartered a Valaris drillship for its Brazilian operations.In its operational update on Tuesday, Premier Oil said it had chartered the Valaris DS-9 drillship. The rig, formerly known as Ensco DS-9, is of the Samsung 12000 design and was delivered in 2015…
Aker BP has received permission to drill an appraisal well in the North Sea offshore Norway.The appraisal well 25/2-22 S will be drilled to delineate the size of the Liatårnet discovery which was proven in the production license 442 in 2019…
UK-based Fairfield Betula Limited has extended two platform supply vessels with Solstad Offshore.The Norwegian offshore vessel owner said Wednesday that the extensions were agreed with Fairfield for the charters of the PSVs Far Symphony and Normand Aurora…
Three people were injured in a fire on a platform run by Mexican state oil firm Petroleos Mexicanos (Pemex) on Tuesday, the company said, briefly leading to the evacuation of the rig.The fire broke out on the Akal-C6 platform in the Sound of Campeche in the southern Gulf of Mexico…