Vår Energi announced it has awarded a rig contract to Seadrill to secure the West Phoenix drilling rig for work on the Balder Future redevelopment project in the Norwegian sector of the North Sea. The contract, which is subject to authority approval of the $2…
ExxonMobil made a deepwater oil discovery at the Mako-1 well offshore Guyana, the US supermajor announced on Monday, just days after reporting first oil from the nearby Liza field on Friday.The 15th discovery on the Stabroek Block, the new find…
ExxonMobil announced Friday it has begun oil production from the deepwater Liza field offshore Guyana ahead of schedule and less than five years after the first discovery of hydrocarbons.Production from the first phase of the Liza field, located in the 6…
The oil regulator for the Atlantic Canadian province of Newfoundland and Labrador has ordered a production shutdown by Suncor Energy's offshore Terra Nova site, finding the company was not compliant with required inspections and repairs.Terra Nova…
Commercial oil production started earlier this month from Layang field on Block SK10 offshore Sarawak, Malaysia, operator JX Nippon Oil & Gas Exploration Corporation announced this week.Layang, which has been producing natural gas since May 2017…
Norwegian energy firm BKK announced plans to build an offshore power grid in the North Sea, in a more than $2 billion project to help the country's oil and gas industry cut greenhouse gas emissions.It will undertake the project with infrastructure company CapeOmega…
Norwegian energy company Equinor has received the second of four approvals needed for offshore exploration in the Great Australian Bight.This week, Australia's National Offshore Petroleum Safety and Environmental Management Authority (NOPSEMA)…
It’s not your typical marginal field — centered on a concrete gravity-based structure (GBS) that once boasted production records — but Draugen in the Norwegian Sea had become “immaterial” to Shell. When it first delivered oil in 1993, Norwegians looked forward to the spoils in 1…
An Israeli court lifted on Thursday a temporary injunction that had threatened to delay production at the Leviathan gas field due to environmental concerns.Rescinding Tuesday's injunction, the Jerusalem District Court said appellants had not provided sufficient evidence that Leviathan's emissions…
Companies developing the huge natural gas field Leviathan will try to convince an Israeli court on Wednesday to remove an injunction that threatens to delay production due to environmental concerns.On Tuesday, the Jerusalem District Court, in a surprise decision…
Norway's minister for oil and energy, Kjell-Boerge Freiberg, will step down from the cabinet on Wednesday, public broadcaster NRK reported, citing anonymous sources.Freiberg's ministry is, among other things, in charge of managing the government's majority stake in oil firm Equinor…
British oil major BP plans to close down two of its oil and gas platforms in Azerbaijan for planned maintenance, BP's regional vice president told Reuters on Wednesday.Bakhtiyar Aslanbayli, BP's vice president for Azerbaijan, Georgia and Turkey…
Maersk Drilling said it has been notified by Perenco that the Anglo-French oil and gas company is canceling a three-well contract for the jack-up rig Maersk Resolute in the UK North Sea due to scheduling overruns.According to Perenco, the cancellation…
In Africa, as the count of offshore oil and gas blocks that are getting depleted continues to rise, some producing countries are opting to invest in seismic data to enable identification and demarcation of new blocks while at the same deploying more high end technology…
A seismic shift in the dialogue around big oil and climate has occurred in the past 12 months. It’s a change in how big oil is orientating itself around what many call the energy transition. Climate goals - governmental, international and industry…
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