An Australian offshore energy regulatory body has issued a prohibition notice to Diamond Offshore following a serious injury to a worker on board one of its mobile offshore drilling units operating in the Bass Strait last month.The National…
When the offshore downturn hit, no operating region was spared. Southeast Asia, once the offshore poster child, found itself falling from grace, and hard. What followed was series of liquidations, bankruptcies, court protection and government intervention…
A temporary tax incentive regime, low oilfield breakeven pricing and a chance to profit on modifications alone rather than via drill bit appear to be factors lifting prospects and getting banks behind a stalled Danish offshore revival.On Monday…
Seabed Geosolutions has secured a letter of award to provide a 3D ocean bottom node (OBN) survey in 2,000 m of water in the Santos Basin, offshore Brazil.The 410-square-kilometer survey, which has a contract value of more than $50 million, will…
Royal Dutch Shell has pulled out of the Khazar offshore project next to the giant Kashagan field in Kazakhstan and a multinational consortium including Shell is also dropping plans for the adjoining Kalamkas block, officials said on Monday.'The…
Dubai-based Dragon Oil Ltd said on Monday it had completed the purchase of BP's oil concessions in Egypt's Gulf of Suez and will invest $1 billion over five years to boost and extend their production.Dragon, owned by Emirates National Oil Company (ENOC)…
Singapore state investor Temasek Holdings is offering to buy control of conglomerate Keppel Corp in a S$4.1 billion ($3 billion) deal that could hasten a consolidation in the rig building sector which is battling the effects of low oil prices…
Oil from the giant Johan Sverdrup field in the Norwegian sector of the North Sea has arrived at the Mongstad plant north of Bergen.“This is a great day for Equinor and the Johan Sverdrup partnership, consisting of Lundin Norway, Petoro, Aker BP and Total…
Independent oil and gas company Jadestone Energy said it has formally submitted the field development plan (FDP) for its Nam Du and U Minh gas fields, offshore southwestern Vietnam, to Vietnam Oil and Gas Group (Petrovietnam), targeting first production in late 2021…
An Aberdeen-based company has created a lessons learned management system that captures critical project data and helps inform the future performance of complex oil and gas developments globally.Prism Energy, which provides project and risk management applications and consultancy…
Brazilian state-run oil firm Petroleo Brasileiro SA posted a significant production boost in the third quarter, as heavy investments in its deepwater, pre-salt zone showed signs of paying off.Investors and analysts have been watching the firm's production figures closely in recent quarters…
TechnipFMC announced on Friday it has been awarded an integrated engineering, procurement, construction and installation (EPCI) contract by Woodside for the development of the Pyxis and Xena fields, located offshore North West Australia.The contract…
Partners WindPower Korea, EDP Renewables and Aker Solutions will develop a 500 megawatt (MW) floating wind farm off the coast of Ulsan Metropolitan City in South Korea.The consortium was formed as EDP Renewables and Aker Solutions have invested…
Maersk Drilling said it has secured a contract Korean operator POSCO International Corporation to operated the drillship Maersk Viking for a three-well campaign offshore MyanmarThe contract is expected to commence in the end of 2019, with an estimated duration of 154 days…
Woodside said it has made a final investment decision (FID) for the Pyxis Hub project offshore North West Australia.The Australian energy company revealed in its third quarter earnings report that the FID was taken for the project in August 2019…
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