A World Bank arbitration tribunal has dismissed a request by Venezuela to annul a $8.37 billion arbitration award to ConocoPhillips, clearing the way for the U.S. producer to reclaim compensation for the expropriation of its oil assets in the South American country…
RWE has started progressed work on a new office in Jemgum, in Germany’s East Friesland region, which will serve as a base for round-the-clock monitoring and control of its existing and future wind farms in both Germany and continental Europe…
ExxonMobil Egypt, a subsidiary of U.S. oil giant ExxonMobil, has made a gas discovery as part of a drilling campaign in the North Marakia Block offshore Egypt.The drilling of the Nefertari 1 well at an area with at a water depth of 1,720 meters…
Liebherr is highlighting its bearing solutions as a way of reducing a company’s environmental footprint.Slewing bearings and slew drives are at the heart of machines in a wide range of applications, including excavators, cranes, tunnel boring machines…
The U.S. state of Alaska has sued the Biden administration for what it calls violations of a Congressional directive to allow oil and gas development in a portion of the federal Arctic National Wildlife Refuge (ANWR).Monday's lawsuit in the U…
Energy services provider Expro (NYSE: XPRO) has been awarded a contract valued at over $10 million for the provision of a well decommissioning solution in support of the 52-well plug and abandonment (P&A) campaign.The solution combines subsea…
Galp and its partners have spudded another well in the Orange Basin, off Namibia, following the discovery of light oil and gas condensate in an appraisal well announced earlier in December.After the discovery at the Mopane-1A well, Galp and its PEL83 offshore block partners…
Norwegian oil and gas operator DNO has made an oil discovery in the Othello prospect in the southern North Sea, offshore Norway, refuting what the industry deemed as a dry belt area.The discovery was made in wildcat well 2/6-7 S in production license 108…
Portuguese oil and gas company Galp has found light oil and gas-condensate in an appraisal well drilled in Orange Basin block, offshore Namibia.The appraisal well, Mopane-1A, was spud on October 23 with Saipem’s Santorini drillship, at PEL83 offshore block…
Canada-based oil and gas company Valeura Energy has completed an infill drilling campaign at the Jasmine field in the Gulf of Thailand, increasing the production at the field for 26% with five new wells coming onstream.Valeura drilled a five well program…