Bulgaria's state-owned energy group Bulgarian Energy Holding will acquire a 10% stake in oil and gas exploration rights for the Han Asparuh block in the Black Sea, the government said on Wednesday.The Council of Ministers approved the deal, allowing BEH to buy 5% each from OMV Offshore Bulgaria…
The European Union has awarded funding to support the development of carbon capture, utilization and storage (CCUS) in the Øresund region, backing a cross-border project aimed at accelerating renewable energy use and enabling the production of sustainable fuels…
ELITE Oil & Gas has acquired the hazardous-area training business of EUTEX International, expanding its specialist training capabilities across Asia and the Middle East.The acquisition includes EUTEX’s hazardous-area training operations, its internationally recognized CompEx and IECEx courses…
Norway has offered ownership interests in 57 new oil and gas production licenses to 19 companies in its latest annual awards in pre-defined areas (APA) licensing round.Of the 57 licenses, 31 are located in the North Sea, 21 in the Norwegian Sea and five in the Barents Sea…
Viridien has signed an agreement with the Government of Malta to invest in an integrated multi-client dataset for the country’s offshore area.By revitalizing existing seismic and well data, this project will advance the understanding and promotion…
Norway's government said on Mondayit will present a policy document to parliament next year on the future of the oil and gas industry, including companies' access to exploration acreage.'The oil and gas industry is crucially important for Norway…
Navitas Petroleum has signed a non-binding agreement to farm into an offshore exploration license in the North Falklands Basin adjacent to its recently sanctioned Sea Lion oil development, as the operator advances plans to expand its footprint in the region…
French tubular solutions supplier Vallourec has secured a significant contract with Shell for oil and gas project offshore Brazil.The agreement covers the supply of oil country tubular goods (OCTG) products and services for Shell’s offshore operations in the development of the Orca project…
U.S. oil producers already reeling from low oil prices are facing renewed pressures, as President Donald Trump pushes them to boost output in Venezuela - a move that would weaken the oil market, cut revenues and hurt industry at home.Trump has…
Oil and gas firm Ithaca Energy has exercised all three remaining weeks of options for Prosafe’s Safe Caledonia accommodation rig, which will continue providing support at its Captain field in the U.K. sector of the North Sea.The extension will…
Drydocks World, a unit of Dubai-owned ports and logistics group DP World, has signed a contract with Dixstone Lower Gulf FZCO to convert an LNG carrier into a floating storage unit (FSU) for use in Gabon’s offshore gas development.The engineering…
Australia- based Bhagwan Marine has christened the Bhagwan Micah, a 38m state-of-the-art Stern Landing Vessel (SLV) designed from the ground up for the exacting requirements of modern offshore energy and subsea operations – particularly oil…
Lebanon will sign a gas exploration deal with a consortium comprising QatarEnergy, TotalEnergies and Italy's Eni in the country's Block 8 offshore area, the Lebanese cabinet said on Thursday.In 2023, Lebanon granted a licence to conduct seismic studies on Block 8 to Bright Skies and GeoX…
Equinor has awarded framework agreements worth around $9.93 billion (NOK 100 billion) to seven supplier companies, laying the groundwork for maintenance and modification work at its offshore installations and onshore plants in Norway over the coming years…