Nigeria has a new face at the helm of the country’s petroleum industry regulator, and already he has announced ambitious targets for the next five years. Achieving these goals will have to rely partly on how much investment can be attracted…
Hurricane Energy's shares recorded their biggest daily rise since 2017 on Thursday, jumping more than 13% after the group upped its production guidance for 2020 on positive results from its so-called fractured basement reservoirs in Britain…
The European Union is set to curb contacts and funding for Ankara in retaliation for what it calls Turkey's 'illegal' drilling for gas and oil off Cyprus and stands ready to ramp up sanctions further, a draft statement seen by Reuters shows…
Canada's offshore safety regulator said it is monitoring Suncor Energy’s continued investigation into a potentially fatal incident on board the Terra Nova floating production, storage and offloading unit (FPSO) that occurred on June 24.The incident…
Sif Holding n.v. will manufacture 84 monopiles (103 KTon steel) for the United States' first large-scale offshore wind farm, the 800 MW Vineyard Wind project off the coast of Massachusetts.Sif, based in the Netherlands, said its scope comprises manufacturing of the monopiles…
Cables manufacturer JDR Cables said it has signed a memorandum of understanding (MOU) with Taya Group, an electric wire and land cable manufacturer in Taiwan, which will see two companies collaborate on localization opportunities on future renewable energy projects in the area…
French oil major Total has sold its stakes in 10 UK offshore fields to Petrogas NEO for $635 million, as the majors continue to divest non-core assets to private equity-backed companies looking to expand their upstream footprint in the region…
Norwegian-based sensors company ClampOn said it has been awarded a contract for subsea corrosion-erosion monitors (CEM) for permanent monitoring of pipe erosion from sand production.The CEMs will be installed at a 6″ pipe bend on a subsea flow module…
China's offshore oil and gas specialist CNOOC Ltd said on Wednesday it entered a framework deal with China Petroleum and Chemical Corp, or Sinopec Corp, to jointly study and explore mostly offshore oil and gas blocks.Under the deal, the two…
The Dominican Republic's first oil licensing round will be a success if it awards more than two of the 14 blocks on offer this year, a government official said at an event disclosing the Caribbean nation's fiscal terms.The licensing round, which began on Wednesday with disclosure of contract terms…
McDermott International said it has been awarded a contract worth more than $3 billion for Package 1 of Saudi Aramco's Marjan Increment Development Mega-Project to provide engineering, procurement, construction and installation (EPCI) of the Gas-Oil Separation Plant (GOSP)…
US-based independent Murphy Oil said it has completed the sale of its oil and gas assets in Malaysia to a subsidiary of Thai company PTT Exploration and Production (PTTEP).The transaction was announced in March 2019, with an effective economic valuation date of January 1…
The U.S. State Department on Tuesday urged Turkish authorities to halt energy drilling operations off the Cypriot coast in the Mediterranean, a day after Cyprus protested a Turkish ship dropping anchor there.'This provocative step raises tensions in the region…
Australia's Woodside Petroleum Ltd has started commissioning activities at the $1.9 billion Greater Enfield oil project off the state of Western Australia, two people with knowledge of the matter said on Wednesday.Oil from the project is expected to be sought after by traders in Asia…
Two contracts signed in Saudi Arabia for $3.5 billion by Italy's oil contractor Saipem are part of a shift in the company's strategy to focus more on natural gas, Chief Executive Stefano Cao said on Wednesday.Saipem said on Tuesday it won two…
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