North Sea drilling activity this year could surpass 2017 levels while seeding a brighter 2019, as a range of indicators point to recovery after four years of rig glut and “cannibalization”.Boldest among bellwethers is oil company spending. After campaigning since 2014 for lower supplier costs…
Brazil's Petroleo Brasileiro SA on Tuesday reported a surge in third-quarter net profit that still lagged forecasts as oil prices rose but spending at the state-owned company jumped.Petrobras made a net profit of 6.644 billion reais ($1.78 billion)…
North Sea operator Serica Energy has struck a deal with commodities giant BHP Billiton to up its stakes in two North Sea fields, taking it above 90 per cent ownership of the assets.Under the a sale and purchase agreement (SPA), Serica UK will acquire a 16…
Norway’s Uptime International has entered into two new contracts with compatriot vessel provider Island Offshore.'Island Clipper has secured a three-year agreement with Equinor as combined PSV and walk to work vessel. The vessel will be equipped with battery package…
Norwegian shipping company GC Rieber Shipping has entered into a time charter agreement with a European offshore client for the CSV Polar Queen for a fixed period of four months with options to extend by up to one month.A press note from the…
Oil and gas exploration and production company Kosmos Energy said that it has entered into a strategic alliance with Shell Exploration Company B.V. to jointly explore in Southern West Africa.Initially, the alliance will focus on Namibia, where…
Oil production in Brazil fell 5.9 percent in annual terms to an average of 2.486 million barrels per day, the nation's ANP oil regulator said on Monday.In a statement, the ANP said natural gas production fell 0.9 percent year-over-year to an average of 113 million cubic meters per day…
Denmark-based cable supplier NKT said it has received a letter of award from Norway's Equinor to supply and install a cable system of 200 kilometers of 80 kV high-voltage DC offshore power cables for the second phase of the Johan Sverdrup oil field development project in the Norwegian North Sea…
Dubai-headquartered offshore services provider Telford Offshore said it has been awarded a charter party from Indonesian contractor Timas Suplindo for its DP3 multipurpose accommodation and offshore construction vessel Telford 25.The three-month contract…
Singapore-headquartered subsea services business Kreuz Subsea and Indian consortium partner Seamec Ltd completed the mobilization of the Kreuz Glorious vessel to commence a two-year project with India’s Oil & Natural Gas Corporation (ONGC).The…
Commercial diving company Subsea Global Solutions (SGS) said it has acquired Muldoon Marine Services (Muldoon), a commercial diving firm based in Long Beach, Calif.'This is an exciting day for the SGS family as this acquisition will further…
Seven remaining wells are expected to be online at Libya's Bahr Essalam offshore gas field by the end of the year, the Libyan National Oil Corporation (NOC) said in a statement on Sunday.The statement came after a meeting between NOC Chairman Mustafa Sanalla and Eni CEO Claudio Descalzi…
Abu Dhabi state-owned oil producer ADNOC plans to increase oil production capacity to 5 million barrels per day by 2030, the emirate's crown prince said in a tweet.Abu Dhabi's 'Supreme Petroleum Council approved AED 486 billion ($132.33 billion) in capex to support ADNOC's 5-year growth plans…
Israel will tender off 19 new offshore blocks to oil and gas companies, its energy ministry said on Sunday, hoping to rebound from a disappointing bidding round a year ago.Israel discovered in 2009 that it had large reserves of natural gas off its Mediterranean coast…
Rowan Companies plc announced Monday that its R-Class ultra-deepwater drillship Rowan Renaissance has been awarded a contract in Mexico by Total with a firm term of one well with an estimated duration of 60 days. The agreement includes three…
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