Senegal has delayed the launch of an oil and gas licensing round due on Wednesday until November 4 as contract documents still need to be finalized, oil minister Mahamadou Makhtar Cisse said.'We need to ensure the legal framework for investors…
Order delays, cancellations and decision-gate debates have been hampering Norwegian oilfield owners grappling with a vastly weakened currency and projects — like the not-on-time and not-on-budget, Martin Linge — that have burst budgets.While several fields have been made scaled back (Bauge…
Offshore energy support vessel (OESV) operator Seacat Services said it has commenced a long-term contract with Equinor, which will see three OESVs support the ongoing operations and maintenance (O&M) of the 88-turbine Sheringham Shoal Offshore Wind Farm in the UK North Sea…
Rotating equipment services provider Sulzer said it has opened a new service center in Semenyih, Malaysia to offer specialist technical knowledge and support for all types of pumps, electrical equipment and turbomachinery for local industries including oil and gas…
U.S.-based Chevron Corp said on Friday it signed an agreement with a unit of Royal Dutch Shell to buy a 40% stake in three deepwater blocks in the Mexican Gulf that the Anglo-Dutch firm won in auctions under the nation's energy reform.The deal…
Qatar Petroleum has assumed operatorship of the Idd el-Shargi North Dome and South Dome offshore oilfields, the company said in a statement.Development and production sharing agreements with Occidental Petroleum of Qatar Ltd. for both oilfields expired on Oct…
UK focused independent upstream oil and gas company Jersey Oil & Gas said it has awarded contracts to consultancy Rockflow and services company Petrofac to support the Greater Buchan Area (GBA) development in the North Sea.Rockflow will provide subsurface evaluation support…
The Turkish drillship Yavuz will begin drilling for oil and gas southwest of Cyprus on Monday or Tuesday, Energy Minister Fatih Donmez said, in a move which has intensified tensions between the two countries.Ankara said on Thursday it had sent…
Singapore firms Keppel Corp and Sembcorp Marine said on Monday they had reached settlements with indebted Brazilian firm Sete Brasil over long-standing contracts to build drillships and rigs.Sete, which leased oil rigs to Brazil's state oil firm Petroleo Brasileiro SA (Petrobras)…
Norway's Martin Linge offshore oil and gas project will cost $865 million more than previously expected and take an extra half year to come on line, the government and operator Equinor announced on Monday.The government has also raised its estimate…
Southeast Asian independent oil and gas exploration and production player Interra Resources said has started drilling its first onshore well in the onshore/offshore Kuala Pambuang block, in southern Central Kalimantan, Indonesia, where seismic…
Neodrill's CAN well foundation has been proven to cut well construction time, costs and environmental impact, while also reducing risks and improve safety during conduct or running operations.
Production has commenced from the giant Johan Sverdrup field in the Norwegian North Sea, operator Equinor announced on Saturday.The largest development in Norway for three decades, the mega project has started up more than two months ahead of and NOK 40 billion ($4…
China's CNOOC shut down the 150,000 barrel per day Buzzard oilfield in the British North Sea to repair pipework on the platform, a spokesman said on Friday.Buzzard plays a role in global oil pricing as it is the main contributor to the Forties crude stream…
Veteran energy industry association executive Erik Milito has been named as the new president of the National Ocean Industries Association (NOIA) and will to take the helm of the offshore energy association effective November 1, 2019.“Erik is a strong leader and an effective communicator…
Subscribe
