Japan Petroleum Exploration Co (Japex) said its new long-term business plan, unveiled on Monday, was based on an assumption that it would keep its stake in the Sakhalin-1 oil and gas project in Russia.Japan's consortium, Sakhalin Oil and Gas Development (SODECO)…
Italian oil firm Eni on Monday announced 'a major upgrade' of the resource base in the Ndungu field, located some 130 km off the coast of Angola, and about 10 km from the Ngoma FPSO in the West Hub of block 15/06.Eni said it had drilled the…
Mexican authorities have decided that Mexico's national oil company Pemex will become the operator of the giant Zama offshore field development, despite the fact that the discovery was made by the U.S. oil company Talos Energy back in 2017.Talos…
Norway's Aker BP has won permission to increase gas exports from its Skarv field, the country's energy ministry said on Monday, enabling the company to take advantage of high gas prices that now exceed the price of oil.Until now, Aker BP has…
About 28,500 workers at Norwegian shipyards, oil industry fabrication plants, and other manufacturers will go on strike from April 1, unless labor unions and employers reach a new wage deal, a state-appointed mediator said on Monday.Firms that…
Offshore wind farm developer Ørsted will divest a 50% stake in its 1.3 GW Hornsea 2 offshore wind farm in the UK to a consortium comprising AXA IM Alts, acting on behalf of clients, and Crédit Agricole Assurances.Hornsea 2 is currently under…
The Newfoundland and Labrador Oil and Gas Industries Association, founded in 1977 to represent the supply and service sector of the offshore oil & gas industry in the region, is now called Energy NL, as the company earlier this week announced changes to its 'vision…
Canada-Newfoundland and Labrador Offshore Petroleum Board (C-NLOPB) said Friday that a near-miss incident had occurred on March 20 aboard the Hibernia platform, offshore Canada.'Hibernia Management and Development Company (HMDC) has reported that on March 20…
Kevin M. Sligh Sr. will join the Department of the Interior as the new Director of the Bureau of Safety and Environmental Enforcement (BSEE), the lead federal agency charged with improving safety and ensuring environmental protection related…
The U.S. will hold a wind energy auction for two lease areas offshore the Carolinas on May 11, the U.S. Department of the Interior said Friday, as the Bureau of Ocean Energy Management (BOEM) has completed its environmental review.The lease areas cover 110…
Oil and gas company Empyrean Energy said Friday it would take over the China Oilfield Services Limited ('COSL') owned NH9 semi-submersible drilling rig for the drilling of the Jade well, within the next few days for safety checks. Empyrean has…
Australian oil and gas firm Santos has completed drilling operations on the Pavo-1 well, drilled in the WA-438-P exploration permit, offshore W. Australia, where the company earlier this week announced a significant oil discovery.According to Carnarvon Energy…
BHP Petroleum has submitted an environment plan for the 'safe and sustainable' closure of the Griffin Gas Export Pipeline, offshore W. Australia.The Griffin Gas Export Pipeline is located within Pipeline Licence WA-3-PL, in Commonwealth waters…
Tanker operator AET named its new shuttle tanker Eagle Colatina earlier this week in South Korea.The vessel is the first of three purpose-built Suezmax dynamic positioning (DP2) shuttle tankers for a long-term charter to the Brazilian oil company…
Saipem will launch a 2 billion euro ($2.2 billion) capital increase this year and sell assets to help fund a turnaround plan to bring the troubled Italian energy services group back into the black.The company stunned investors in January when…