Norway's BW Energy has increased its stake in the Kudu License offshore Namibia from 56% to 95%, following the signing of a farm-in and carry agreement with the National Petroleum Corporation of Namibia (NAMCOR). NAMCOR will retain the remaining 5% working interest…
Nigeria's senate president said that despite forces 'working desperately' to derail a long-delayed oil overhaul bill, lawmakers will push the bill through the national assembly.The measure, 20 years in the making, underpins everything from oil exploration to gas pipelines and fuel regulation…
Offshore drilling contractor Stena Drilling has awarded a 'six-figure' fleet-wide deal to cloud reporting and analytics firm Independent Data Services, which will deploy solutions for near-real time rig and fleet-wide performance benchmarks…
Ørsted warned a return to more normal wind speeds this year would hit operating earnings after the world's biggest offshore wind farm developer raised its profit forecast for 2020.The Danish company said on Tuesday it now expected operating profit of about 18 billion Danish crowns ($2…
Danish offshore support vessel operator Maersk Supply Service will continue providing marine support to The Ocean Cleanup, a nonprofit engineering and environmental organization working to rid oceans of plastic pollution.The Ocean Cleanup’s…
Wintershall Noordzee, a Gazprom-Wintershall Dea joint venture, has started production of the D12-B3 well, at the Sillimanite South offshore gas field in the Dutch North SeaThis gas field was discovered last year following the completion of the…
Oil hit an 11-month high just below $57 a barrel on Tuesday, bolstered by Saudi Arabia's plans to limit supply, offsetting worries that rising coronavirus cases globally would curtail fuel demand.Brent crude settled up 92 cents, or 1.7%, at $56…
Norway's oil and gas reserves have made it one of the world's wealthiest countries but its dreams for deep-sea discovery now center on something different.This time, Oslo is looking for a leading role in mining copper, zinc, and other metals…
Premier Oil shareholders on Tuesday voted in favor of a reverse takeover of private equity-backed Chrysaor to create the British North Sea's biggest oil and gas producer in which Premier shareholders will hold about 5.5%.'Shareholder approval for the Transaction has now been received…
MENCK, a specialist hydraulic piledriving solutions provider, has signed a contract with Seaway 7, the renewables business unit of Subsea 7, to provide a hydraulic hammer for an offshore wind project in the Netherlands.MENCK, part of offshore services provider Acteon…
Offshore services providers Oceaneering and Stork have won integrity management and fabric maintenance contracts on Neptune Energy's Cygnus platform, offshore the UK. The contracts are worth around $6.5 million.Oceaneering will supply integrity management services covering pressure systems…
Strohm, formerly known as Airborne Oil & Gas, has announced it has secured a contract with Total and ExxonMobil for a qualification testing program for a high pressure, high-temperature Thermoplastic Composite Pipe (TCP). The qualification project…
Turkey and Greece will resume long-suspended exploratory talks over territorial claims in the Mediterranean Sea that brought them close to conflict last year, on Jan. 25 in Istanbul, the NATO members said on Monday.Ankara and Athens held 60 rounds of talks from 2002 to 2016…
Offshore oil and gas services company McDermott recently completed work on an offshore field development project in India, operated by Reliance Industries, and made it ready for start-up.The project, in the Krishna Godavari Basin, located off the east coast of India…
Shell's Prelude LNG, the world's largest floating liquefied natural gas (FLNG) project, offshore Australia, has resumed LNG cargo shipments, almost one year after a shutdown caused by an electrical trip.In a brief statement sent to Offshore Engineer…
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