Oil and gas company FAR has secured a $300 million reserve-based loan for its share of the CAPEX for recently sanctioned Sangomar field development, offshore Senegal.“FAR is pleased to announce a binding and committed underwritten US$300 million…
Drilling contractor ADES has won a contract extension for its ADMARINE 261 jack-up rig in Saudi Arabia.ADES said Monday that the contract extension was for a tenure of one year. The contract is expected to start upon the expiry of the current contract in February 2020…
Turkey called on Sunday for the European Union to end what it said was the bloc's prejudice against Turkish Cypriots, defending its launch of a fresh round of hydrocarbons drilling off the Mediterranean island.Turkey began drilling for oil and gas near Cyprus last year despite warnings from the EU…
Offshore vessel supplier Eidesvik Offshore has secured a long-term charter for one of its platform supply vessels.The Norwegian company said Monday its 2003-built PSV Viking Energy had secured a five-year time charter with Equinor.Equinor will have options to extend the charter further…
Norwegian offshore oil company Aker BP has awarded the Maersk Integrator jack-up drilling rig a contract for work at the Ivar Aasen field offshore Norway.Maersk Drilling, the rig's owner, said Monday that the Maersk Integrator would move to…
The first real-time maritime robot testing center for offshore wind in Europe is being established.The European Atlantis center will be in Viana do Castelo and involves an investment of 8.5 million euros. It is coordinated by INESC TEC, and…
2020 will see the launch of the first offshore wind leasing round in Scotland for a decade, and the first by Crown Estate Scotland. It presents a significant opportunity to match Scotland’s ambitious Net Zero targets with practical action.Colin Palmer…
ARO Drilling, a joint venture (JV) of Saudi Aramco and Valaris Companies, has awarded a couple of contracts to International Maritime Industries (IMI) and signed a subsequent sub-contract agreement with long-term partners Lamprell Energy Ltd…
Norwegian Petroleum Directorate (NPD) recently hosted the very first joint regulatory authority meeting for the seismic industry on coexistence between industries at sea.Representatives from the NPD, the Directorate of Fisheries and the Institute of Marine Research participated from the authorities…
The first-ever cargo of Guyana's crude for export is scheduled to begin loading this weekend so the oil can be processed at Exxon Mobil's refining system, the company told Reuters on Friday.Exxon has so far made 15 discoveries of oil reserves in Guyana…
Offshore oil and gas exploration spending in the Middle East is set to grow significantly over the next few years, as onshore resources mature and become more numbered, Rystad Energy said Friday.'The most bountiful petroleum plays in the Middle…
Italian offshore energy services provider Saipem and the Italian State Police have signed an agreement that aims to prevent and combat cyberattacks that target information and services systems of companies of special importance for the country…
UAE-based oil company TAQA is set to take over operatorship over the Brae oil field in the UK sector of the North Sea from RockRose Energy.RockRose energy got hold of the licenses containing the Brae field last year, following the completion of the UK North Sea assets of the U…
Schlumberger NV reported a 9.4% rise in adjusted quarterly profit on Friday, as buoyant demand in international markets helped the world's largest oilfield services provider make up for lower drilling activity in North America.Net income fell to $333 million…
Seismic data acquisition company Axxis Geo Solutions (AGS) has begun a 3D ocean bottom node survey in the Middle East.'The work has now commenced and will continue through most of the first quarter of 2020,' Oslo-listed seismic survey company said…
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