Petronas's first-quarter profit more than doubled on the back of recovering commodity prices, but the Malaysian state oil firm cautioned demand prospects hinged on vaccines preventing a resurgence of the COVID-19 pandemic.Petronas said on Monday it made a post-tax profit of 9…
Oceanteam and Bourbon have signed a deal to sell their jointly owned construction support vessel Bourbon Oceanteam 101 to an unnamed buyer.'The sellers and undisclosed buyers have entered into an NSF agreement for the sale of the vessel, the delivery of which will take place in July 2021…
Norwegian oil firm Equinor has been granted drilling permission for an exploration well in the Norwegian Sea.Equinor will use Seadrill's West Hercules semi-submersible drilling rig for the operation in the production licence 939. The well, designated well 6407/1-9 (Egyptian Vulture)…
Iran's oil output can easily reach 6.5 million barrels per day (bpd) when U.S. sanctions are lifted, Iranian Oil Minister Bijan Zanganeh said on Monday, according to the Ministry's SHANA website.Zanganeh also said an increase in Iranian oil output would boost the country's political power…
Heerema Marine Contractors' deepwater construction vessel Balder has recently completed the offshore removal of the Morpeth Tension-leg Platform (TLP) in the U.S. Gulf of Mexico for client Eni.The Morpeth Tension-leg Platform had reached a 20…
Norwegian seismic data firm PGS has begun the first phase of the Cyprus Vision data rejuvenation project in partnership with the Cypriot Ministry for Energy, Commerce, and Industry.'This 14 750 sq. km PSDM re-processing endeavor will deliver…
Australian oil company FAR said Monday that it expected to complete the sale of its stake in the RSSD area offshore Senegal to Woodside in the coming weeks.FAR said Monday it had satisfied the condition precedent for the sale of its interest in the RSSD area…
Several Belgian industrial groups and research centers on Friday said they had formed a consortium to promote the production of 'green hydrogen' in the Dutch-speaking Flanders region to help industries lower their carbon footprint.Bekaert, specialized in steel wire and coatings…
Offshore drilling company Seadrill Limited said Monday that Glen Ole Rødland had informed it he would be stepping down from the Board 'with immediate effect.'Glen Ole Rødland has been Chairman at Seadrill since November 2019. 'The Board would…
Energy giant TotalEnergies said on Friday it had gone as far as it could for now to limit the revenues going to the military junta in Myanmar while staying within a legal framework and assuring power supplies.Total and U.S. energy company Chevron…
Rating agency Moody's said on Friday that the credit risk of major oil producers has increased with recent events including Royal Dutch Shell losing a Dutch climate lawsuit this week and Exxon losing a battle with shareholders.Chevron also lost…
Norwegian offshore oil and gas well management firm Well Expertise said this week it had successfully used a mobile on-the-rig simulator for plug and abandonment well control training to decommission several North Sea wells and is now planning other well campaigns using the simulator…
Oil and gas companies Equinor and Aker BP have received drilling permits from the Norwegian Petroleum Directorate to drill wells in the Norwegian Sea and the Barents Sea, respectively.Under the NPD permit announced Friday, Aker BP will, using…
Offshore drilling company Seadrill Limited has this week appointed a new chief financial officer and a new chief operating officer, as well as announced the appointment of a new director to its board.Oslo-listed offshore drilling firm said on…
Oil major BP, oilfield services firm Baker Hughes, and offshore drilling contractor Odfjell Drilling, have struck a deal together to transform platform drilling and completions activity at the BP-operated Clair oil field, offshore the UK.Located 75km west of the Shetland Islands…
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