The Norwegian subsidiary of Polish state-controlled energy company PGNiG has received a permit to drill a wildcat well in the Shrek prospect, the Norwegian Petroleum Directorate (NPD) announced on Friday.Well 6507/5-9 S will be the first drilled in production licence 838 in the Norwegian Sea…
ExxonMobil is considering a sale of its assets in the British North Sea after more than 50 years in the oil and gas basin as it focuses on U.S. shale production and new projects.The world’s largest publicly traded energy company has held talks…
Equinor has exercised the fourth of six available one-month options to extend Prosafe's accommodation vessel Safe Boreas at the Mariner project in the UK sector of the North Sea to accommodate personnel working on Mariner in the hook up and early production phase through October 2019…
Maersk Drilling said its drillship Maersk Voyager has been hired by Kosmos Energy to drill the S-5 exploration well offshore Equatorial Guinea.The contract has been novated to Kosmos from Noble Energy after a one-well option was exercised on the rig’s current contract…
Suriname's state-owned oil company is planning a bond sale next year to finance offshore oil exploration, its chief executive said on Thursday, as it seeks to capitalize on growing hype over neighboring Guyana's looming oil boom.The company…
Norway's oil production fell 5.2% year-on-year in July to 1.447 million barrels per day, exceeding the official forecast for the month by 2%, Norway's Petroleum Directorate (NPD) said on Friday.Including condensate and natural gas liquids (NGL)…
Offshore drilling contractors Seadrill and Gulf Drilling International (GDI) have entered into a 50/50 joint venture, GulfDrill, which will initially manage and operate five premium jackups in Qatar with Qatar Petroleum commencing throughout 2020…
Exxon Mobil Corp said production has resumed at Canada's Hibernia oil platform on Thursday after a spill in mid-July.The platform will take necessary time to reach full production in a safe and environmentally responsible manner, the company said in a statement…
Engineering from Balltec announced on Thursday it has been awarded a contract by Heerema Marine Contractors for work on the decommissioning and removal of a large platform with conductors in the North Sea.Balltec said its scope of supply comprises 18 of its LiftLOK ball and taper lifting connectors…
Woodside Petroleum flagged a challenging near-term outlook on Thursday as it grapples to win over its partners to back $34 billion worth of new oil and gas projects amid a souring global environment.Australia's biggest independent oil and gas…
Vår Energi said it has awarded an engineering, procurement, construction and installation (EPCI) contract to Rosenberg Worley for the lifetime extension of the Jotun floating production storage and offloading vessel (FPSO), enabling oil and gas production from the Balder field until 2045…
Kenya’s offshore oil and gas sector has remained underexplored even as the country remains optimistic of making a breakthrough in the search for more hydrocarbons based on recent growth of its upstream operations.The agreement signed last July…
Norwegian energy company Equinor and its partners have started oil production from the Mariner field in the UK North Sea, the operator said on Thursday.The Mariner field, located on the East Shetland Platform of the UK North Sea, approximately…
Norwegian authorities have given Equinor consent to use Island Wellserver for light well intervention (LWI), the Petroleum Safety Authority (PSA) announced on Wednesday. The consent concerns an extension to an existing LWI approval as well as a new operation using a coil hose…
Norwegian energy company Equinor has received consent from the Norwegian Petroleum Directorate (NPD) to start production at the Utgard field.Equinor is said to be planning startup during September 2019.The field is located on the border of the UK and Norwegian areas of the North Sea…