Japan's biggest oil and gas explorer Inpex Corp raised its net profit forecast for 2022 by 20% to a record 300 billion yen ($2.3 billion) thanks to higher-than-expected oil prices and a lower yen against the U.S. dollar.Its annual net profit…
Australian offshore vessel operator MMA Offshore has secured a contract in Qatar for one of its multi-purpose support vessels.The multi-purpose support vessel MMA Pinnacle will be deployed to Qatar to provide a range of subsea services supporting…
French offshore seismic data services company CGG said Wednesday that it had recently signed an expanded five-year licensing agreement with the Brazilian oil company Petrobras for Geovation seismic processing and imaging software.CGG said the…
Brazilian oil company PetroRio announced on Tuesday it entered into an agreement with U.K.-based Aquadrill to acquire the semi-submersible drilling rig Capricorn for $40 million.The Friede & Goldman ExD millennium design rig was delivered in…
New Fortress Energy has executed a binding agreement to charter a floating storage and regasification unit (“FSRU”) to Dutch energy network operator Gasunie, in an effort by the Netherlands to reduce Russian gas imports. The chartered FSRU will provide storage capacity of approximately 170…
Brazilian oil company Petrobras has started the binding phase for the sale of its stake in the Tartaruga field, located in shallow waters of the Sergipe-Alagoas Basin, state of Sergipe.Petrobras said last month it was relaunching the the sale process of its stake in the Tartaruga field…
A joint venture formed by Canada-based firms CGX Energy and Frontera Energy on Monday said results from a well drilled in Guyana's offshore Corentyne block showed the presence of light oil and gas condensate.'The joint venture encountered hydrocarbons in multiple zones…
U.S. government officials in March asked Brazil's state-run oil company Petrobras whether it could increase crude output after Russia's invasion of Ukraine sent global prices soaring, three people with knowledge of the matter told Reuters. They came away empty-handed…
Oil and gas company Neptune Energy said Tuesday it would spend more than $1 billion over the next five years 'securing energy supplies for the UK and speeding the transition to net zero.'The amount planned for investment includes capex and pre-development…
Pre-front end engineering and design studies (Pre-FEED) have started for the development of the Ithaca and Hibiscus owned Marigold field via the Repsol Sinopec-operated Piper Bravo platform in the UK North Sea. Repsol Sinopec made the announcement…
Malaysian FPSO leasing company Yinson has ordered a suite of electrical and control equipment from Kongsberg Maritime for an FPSO vessel currently under conversion. Kongsberg Maritime will deliver E-house, electrical, control, safeguarding and telecommunication equipment solutions…
Offshore construction firm Lamprell said Tuesday it was engaged with an international rig operator for major upgrade work on three jack-up drilling rigs in readiness for their deployment in the Gulf region.The first of the rigs will arrive at Lamprell's Hamriyah quayside this month…
Italian energy services group Saipem is working to bring forward a planned 2 billion euro ($2.12 billion) capital increase and carry it out in the summer, CEO Francesco Caio told Il Sole 24 Ore in an interview published on Tuesday.The capital…
SapuraOMV has started drilling at the Kanga-1 well in the WA-412-P offshore license in Western Australia, Finder Energy, a partner in the project said Tuesday.The well is located in the Dampier Sub-basin, around 20 km east of the Mutineer/Exeter and Fletcher/Finucane oil fields…
Australian oil and gas company Karoon Energy has extended the contract for the use of Maersk Drilling's Maersk Developer semi-submersible drilling rig offshore Brazil.Karoon Energy has exercised its option to add the drilling of up to two wells…
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