Oil prices dropped on Friday extending days of losses as the threat of war in the Middle East receded and investors switched attention to economic growth prospects and the rise in U.S. crude oil and product inventories.Brent crude fell 20 cents…
Woodside has received final approval for its Sangomar oil field development plan in Senegal, and the Australian company has now entered the 'execute phase' of activities. The FDP approval comes just days after Woodside and its partners received…
Mexico's President Andres Manuel Lopez Obrador said on Wednesday his government was not contemplating reopening oil and gas auctions this year, ending hopes his left-leaning government will soon spur private investment in the energy sector.'It's not contemplated…
Irish oil and gas explorer Providence Resources has appointed Alan Linn as a new CEO. He hopes to help the company with the development of long-delayed Barryroe offshore oilfield. He will also join the board as an executive director.In a statement on Thursday…
One person died, and five others became seriously ill after reportedly drinking cleaning liquid earlier this week aboard a floating production, storage and offloading unit (FPSO) being transported by Boskalis' Vanguard heavy-transport vessel…
Norwegian seismic player Shearwater has signed letters of intent with Equinor for three 4D towed streamer projects by Equinor. Apart from the Equinor LoIs, Shearwater has secured 4D Ocean Bottom Seismic (OBS) project with Lundin Norway for the 2020 North Sea summer season…
Independent oil and gas producer Jadestone Energy has won an arbitration case against Total regarding a dispute over an offshore block in the Philippines.Jadestone Energy, focused on the Asia Pacific region, said Thursday its subsidiary Mitra Energy had been awarded monetary damages…
For the first time, China will this year allow foreign companies to explore for and produce oil and gas in the country, opening up the industry to firms other than state-run energy giants, as Beijing looks to boost domestic energy supplies.The…
Norway started producing oil more half a century ago, and, according to the Norwegian Petroleum Directorate, it still hasn't produced half of the resources available.'NPD's analyses show that around 48 percent of resources have been produced…
Oslo-listed marine seismic acquisition firm SeaBird Exploration has secured a letter of award for a survey in Asia.In a brief statement issued Thursday, Seabird kept details scarce. The company said the survey would begin at the end of Q1 and was expected to be completed in Q2 2020…
Africa focused oil and gas firm Vaalco Energy has brought online another well at the Etame field offshore Gabon. The well Etame 11H well has been producing at a higher than anticipated rate, the company said Wednesday.The Etame 11H well is the second development well in Vaalco0s 2019/2020 program…
Norwegian seismic vessel giant Shearwater has completed the strategic vessel transaction with the French seismic company CGG following an agreement signed in June 2019. The transaction includes the takeover of five high-end seismic vessels,…
Norwegian energy company Equinor and its partners plan to extend the oil production from the Statfjord Area in the Norwegian part of the North Sea towards 2040. The area has been in production for 40 years.Based on the extensive mapping of the…
Australian oil and gas firm Woodside has received the Senegal government exploitation authorization for the Sangomar field development offshore Senegal.Woodside filed the final development plan for the Sangomar oil field early in December 2019…
RWE, Germany's largest power producer, could become a takeover target as big industry players strive to expand their renewable portfolios around the world, Goldman Sachs said in a research note on Wednesday.Following an asset swap with E.ON…
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