A new compensation format will help improve efficiency asEquinor said it has awarded framework agreements to five suppliers to provide safety and automation systems for the company’s installations on the Norwegian continental shelf (NCS) and onshore plants in Norway…
The UK’s latest offshore licensing round has attracted 'considerable interest' despite concerns surrounding domestic oil and gas production amid government commitments to net zero emissions by 2050, the UK Oil & Gas Authority (OGA) said on Monday…
Australian oil minnow FAR Ltd on Monday said it does not expect to receive the final outcome of a long-running dispute with Woodside Petroleum regarding an oil field off Senegal until January or February next year.The arbitration ruling was due by December 28…
Vår Energi, majority owned by Italy's Eni, will on Tuesday present a plan for how to redevelop its Balder and Ringhorne fields in the North Sea, extending their output, the Norwegian energy ministry said on Monday.Overall investments in the…
BP’s Mad Dog field in the deepwater Gulf of Mexico is a good news story that keeps delivering, and the reservoir management team aims to keep it that way.When discovered in 1998, the field in Green Canyon blocks 825, 826 and 782 was thought to hold 1 billion barrels of oil in place…
A Turkish drone meant to help seek hydrocarbons in the eastern Mediterranean landed at an airport on the divided island of Cyprus on Monday, a Turkish official said, in a move that could further stoke tensions between Turkey and Greece.The breakaway…
Petrofac, in a joint venture (JV) with the State Oil Company of the Republic of Azerbaijan (SOCAR), has secured a Project Management Services contract to support BP’s operations in Azerbaijan and Georgia.The three-year contract will support…
The UK’s offshore wind industry will need to lean on oil and gas expertise to help decommission wind farms as more than 3 gigawatts (GW) of offshore wind power reaches the end of its design life by 2034, an industry decommissioning conference heard in November…
American Wind Energy Association (AWEA) has urged Department of Interior (DoI) to advance offshore wind projects on one-year anniversary of record-breaking lease auctions.This weekend represents the one-year anniversary of a record-breaking…
Though overall global upstream investments in 2020 will decrease by around 4%, deepwater will be the only segment expected to grow above 5% next year, spelling a boom for the industry, said a report.Rystad Energy is forecasting that overall…
U.S. energy firms added rigs for the first time in eight weeks even as producers follow through on plans to reduce spending on new drilling.Companies added 4 oil rigs in the week to Dec. 13, bringing the total count to 667, energy services firm…
Ratings agency S&P Global on Friday downgraded Tullow Oil's long-term credit rating to 'B' from 'B+', days after the Africa-focused company's Chief Executive Officer stepped down and it scrapped its dividend.The London-listed company, which…
Mitsubishi Corporation (MC) and Nippon Yusen Kabushiki Kaisha (NYK) have purchased minority interests in the lease and operation of a newbuild floating production, storage and offloading unity (FPSO) from majority owner SBM Offshore. FPSO Sepetiba…
Oil firm DNO has made a minor oil and gas discovery in the northern part of the Norwegian Sea, the Norwegian Petroleum Directorate (NPD) said on Friday.The discovery, made in 341 meters of water, about 4 kilometers west of the Heidrun field…
Norway's Equinor plans to export oil from its upcoming Johan Castberg field directly to the market, ditching the option of building an onshore reloading terminal, it said on Friday.'Johan Castberg partners ... have studied a possible development…
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