Norwegian oil and gas company Equnoir has failed to find hydrocarbons at the Cambozola exploration well in licence PL1049 in the North Sea, offshore Norway.Longboat Energy, Equinor's partner with a 25% stake in the license said Monday that…
Lebanon warned Israel on Sunday against any 'aggressive action' in disputed waters where both states hope to develop offshore energy, after a ship arrived off the coast to produce gas for Israel.President Michel Aoun said any activity in the…
Western Gas said on Monday its Sasanof-1 exploration well off Western Australia found no hydrocarbons, in a big disappointment for one of the most closely watched drilling campaigns in Australia this year.Ahead of drilling, the Sasanof prospect…
Oil futures jumped on Monday, with Brent rising above $120 a barrel after Saudi Arabia hiked prices for its crude sales in July, signaling tight supply even after OPEC+ agreed to accelerate output increases over the next two months.Brent crude was up 91 cents…
The Mexican government is close to reaching a deal with U.S.-based Talos Energy over the future of a potentially lucrative shared crude discovery, the president said on Friday.The handling of Zama, a deposit holding some 900 million barrels and located offshore in the southern Gulf of Mexico…
Oil and gas company SapuraOMV has recently completed drilling operations at the Kanga-1 well offshore Western Australia without encountering commercial hydrocarbon volumes.SapuraOMV used the Diamond Offshore Ocean Apex semi-submersible drilling rig…
The Guyanese economy has recovered well after the COVID-19 pandemic thanks to an oil boom, the International Monetary Fund (IMF) said on Friday, but the country must be wary of over-dependence on oil income.The tiny South American nation has…
The Petroleum Safety Authority Norway (PSA), the Norwegian offshore safety watchdog, has consented to Equinor taking the Hywind Tampen floating offshore wind farm into use, as the first turbine set sail to the offshore location.Equinor’s 88MW…
DEME Offshore and Eiffage Métal have recently completed foundation installation at France’s first offshore wind farm, the Saint-Nazaire. The companies installed 80 foundations in total.For the project, DEME and its partner Herrenknecht, a company specializing in tunnel boring machines…
At least 647 Norwegian oil workers plan to strike from June 12 if state-brokered wage mediation fails, labour unions said on Friday, putting some crude output at risk of shutdown although gas may not be affected.Workers are seeking above-inflation…
Forecasters on Thursday amped up their outlook for the U.S. Atlantic hurricane season, saying warm sea temperatures and the absence of a moderating wind shear portend a 'well-above average' number of storms.Colorado State University researchers raised their estimate for tropical storms…
Dutch marine services and dredging firm Boskalis said Friday that the price proposed by HAL Holding for the acquisition of all remaining shares of Boskalis wasn't unreasonable, but also not sufficiently convincing to recommend the price to its shareholders…
Philippe Barril, Chief Transition Officer (CTO) of FPSO specialist SBM Offshore, has decided to step down from SBM Offshore to become the CEO of the Dutch offshore installation firm Heerema Marine Contractors on September 1, 2022. Barril was…
Offshore drilling contractor Valaris announced on Thursday that Christophe Raimbault, Vice President and interim Head of Marketing will take on a new role as Vice President - Sustainability and New Energy.Valaris President and Chief Executive Officer…
Britain's regulator on Wednesday approved Shell's revised plan to develop a North Sea natural gas field as the government seeks to boost domestic energy output following Russia's invasion of Ukraine.In a statement, Shell welcomed the decision…
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