A brief lull in winter weather across the North Sea over the weekend imperceptibly tightened the spot market for anchor-handling tug supply vessels (AHTS), until there were no vessels left for oil companies to charter.That spot tightness in AHTSs…
Buoyed by the success of seismic imaging that found an extra billion barrels of oil in the Gulf of Mexico, BP is looking to take its latest technology to Angola and Brazil.The software used in the Gulf, based on an algorithm created by Xukai Shen…
Royal Dutch Shell has appointed Wael Sawan to head its oil and gas production division, replacing Andy Brown who will step down after 35 years at the Anglo-Dutch company.Sawan, 44, a Canadian citizen of Lebanese origin, currently heads Shell's deepwater operations…
Petroleo Brasileiro produced an average of 2.03 million barrels per day (bpd) in Brazil last year, the oil company said in a statement on Tuesday, just below the company's target of 2.1 million bpd.Petrobras' total production of oil and natural gas was 2…
Africa-focused Tullow Oil's production is set to grow to between 94,000 and 102,000 barrel of oil equivalent per day (boed) this year, it said in a trading update on Wednesday, from 90,000 boed last year as it increases output in Ghana.Free cash flow stood at $400 million…
U.S. based seabed survey and ocean exploration company Ocean Infinity announced Wednesday that its Brazilian partner has been awarded a contract to provide high-resolution hydrographic mapping services to Brazilian national oil company Petrobras…
Brazil state-run oil firm Petroleo Brasileiro SA said on Monday it plans to exercise its preferential rights to operate three blocks in the next pre-salt deep water auction, due later this year, under a production-sharing contract scheme.In a statement…
The new chief executive of Brazil's Petroleo Brasileiro SA is pushing for the ouster of two of the state-controlled oil company's board members, three people with knowledge of the matter said on Friday.Roberto Castello Branco is seeking the resignation of two Petrobras board members…
The outlook for the Gulf of Mexico for 2019 continues to improve.Earlier this week, BP made public plans to expand its Atlantis field, reported new discoveries near its Na Kika platform, and credited a breakthrough in seismic imaging with identifying…
London-listed Ophir Energy has suffered a major setback on its offshore investment plan in Equatorial Guinea after the country's Ministry of Mines and Hydriocarbons (MMH) declined the company's request to extend Block R licence that expired on December 31…
Italian oil and gas contractor Saipem said it will work with Shell to further enhance key features of the oil major’s proprietary subsea autonomous vehicle, FlatFish.Since March 2018, Saipem has been the sole developer of FlatFish technology for Shell…
TechnipFMC announced Wednesday it has been awarded an engineering, procurement, construction and installation (EPCI) contract by BP for the Atlantis phase 3 project in the Gulf of Mexico.TechnipFMC did not specify the exact value of the contract…
Well construction specialist DeltaTek Global announced Wednesday it has been awarded a contract from Energean Oil and Gas to support well construction at the Karish deepwater project offshore Israel.DeltaTek said it will provide optimization…
BP announced Tuesday it will move forward with its $1.3 billion Atlantis Phase 3 development after recent breakthroughs in advanced seismic imaging and reservoir characterization revealed an additional 400 million barrels of oil in place at the Gulf of Mexico’s third largest oil field…
Brazilian state-run oil firm Petróleo Brasileiro S.A. announced there was an oil spill on January 2 from its chartered floating production storage and offloading unit (FPSO) Cidade de Rio de Janeiro, in the Espadarte field offshore Brazil.Petrobras said approximately 4…
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