NEO Energy, a North Sea-focused oil and gas company has hired Fraser Well Management (FWM) to operate the Victoria well, a shut-in gas condensate well located off the Lincolnshire coast in the southern North Sea.FWM, the well engineering and project management specialist…
BP cut its dividend for the first time in a decade after a record $6.7 billion second quarter loss when the coronavirus crisis hammered fuel demand and it sought to win over investors by speeding up its reinvention as a lower carbon company…
Australian offshore oil and gas safety regulator NOPSEMA has accepted Shell's offshore project proposal for the development of the Crux gas field in the Browse Basin, off the north coast of Western Australia.Consisting of a normally unmanned platform and five production wells…
Pharos Energy, and oil and gas company formerly known as Soco International, has been granted a two-year license extension for the TGT offshore field license in Vietnam.The company said Tuesday the license had been formally granted to the Joint…
Energy group BP will increase its low-carbon spending to $5 billion a year by 2030 and boost its renewable power generation to 50 gigawatts (GW) while shrinking oil and gas output by 40% compared with 2019, it said on Tuesday.The portfolio it plans to build would include renewables…
Neptune Energy has said it has made the largest oil discovery in Norway so far this year at its Dugong well in the North Sea.After announcing preliminary results in July, the company on Tuesday confirmed the commercial discovery of oil at the Dugong well (PL882)…
Oil prices fell on Monday on fears about the economic fallout from rising COVID-19 cases around the globe and on oversupply worries as OPEC and its allies are set to wind back output cuts in August.Brent crude fell 18 cents, or 0.4%, to $43…
Former Guyanese housing minister Irfaan Ali was sworn in as president of the newly oil-producing South American country on Sunday, after he was declared winner of a disputed March 2 election following a recount.Preliminary recount data released in June showed Ali…
Jack-up drilling rig owner Borr Drilling has signed agreements that should secure work for three of its drilling rigs. The Oslo-listed company said Monday it had entered into a contract and LOIs for three of its currently warm stacked rigs, adding USD 21 million to the total backlog…
Indonesia announced over the weekend that it had made revisions to a 2017 law that will give oil and gas investors more flexibility when choosing their contract options for exploration.The revisions, which came into effect on July 16, allow…
Italian oil and gas company Eni has named Francesco Gattei as its Chief Financial Officer.In 2019, Gattei moved to Houston to become Eni's Upstream Director of the Americas, managing the E&P business in the USA, Mexico, Venezuela, and Argentina…
AIM-listed oil and gas company United Oil & Gas has been assigned Tullow's interest in the Walton Morant Licence, offshore Jamaica, and it now holds a 100 percent stake.UOG said Monday the Jamaican Government had assigned it Tullow Jamaica Ltd's…
UK-based oil and gas company Independent Oil and Gas has ordered two offshore platforms for its Core Project Phase 1 development in the North Sea.The Core Project comprises gas resources across six discovered UK Southern North Sea ('SNS') gas fields…
Suriname's state-owned oil company Staatsolie is considering farming into an offshore oil block where Apache Corp and France's Total SA have announced a third major discovery, an executive said on Sunday.Staatsolie has the right to a stake of up to 20% in the 1…
Offshore oil and gas driller Noble Corp said on Friday it had filed for chapter 11 bankruptcy protection to restructure debt, following a historic fall in energy prices.The company said it would swap all its bond debt, which accounts for more than $3…
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