Seabed Geosolutions, a joint venture between Fugro and CGG, has completed the world’s largest deepwater proprietary 3D ocean bottom node (OBN) survey in the Santos Basin, offshore Brazil.The survey, started in late 2018, covered the Buzios field…
Saudi Aramco has signed 34 engineering, procurement and construction (EPC) related contracts (worth over US$18bn) for projects such as the Marjan and Berri field incremental development program in Saudi Arabia, during Q3 2019, according to GlobalData…
McDermott International announced the appointment of Chris Krummel as Executive Vice President, Chief Financial Officer, effective immediately. Krummel joined McDermott in 2016 and previously served as the company's Global Vice President, Finance and Chief Accounting Officer…
Ghana's Deputy Energy Minister Amin Adam said on Wednesday that domestic laws must be changed to allow companies already producing to further explore offshore areas for more oil.'We're changing our law to allow companies that are already producing in a certain area to continue with exploration…
Equatorial Guinea's Oil Minister Obiang Lima said on Wednesday that the central African nation would award 7-8 blocks from its current licensing round at the end of November.The country received a total of 21 bids on 13 blocks, out of 27 initially offered…
Saudi Aramco said on Wednesday it was joining the World Bank's initiative to reduce gas flaring to zero by 2030 and said its flaring was already less than 1% of its total raw gas production in the first half of 2019.Aramco kick-started its initial public offering (IPO) this week…
A huge Brazilian oil auction, dubbed one of the largest ever, frustrated expectations on Wednesday, as high prices and tepid demand turned the widely awaited tender into an embarrassing miscalculation for the cash-strapped government.Brazil's…
OKEA completed drilling of appraisal well 6407/9-12 on the Skumnisse prospect, north-east of the Draugen field. The well will now be permanently plugged and abandoned as a dry well.The well targeted an extension of the Upper Jurassic Rogn Formation…
Total is seeking to sell its 12.5% stake in a major deepwater oilfield off the coast of Nigeria, industry and banking sources said, in an effort to adjust the energy company's Africa portfolio amid a broad expansion.The stake in Oil Mining Lease (OML) 118…
Drilling contractor Borr Drilling announced that Rune Magnus Lundetræ will step down from his position as Chief Financial Officer. Lundetræ, who has been with the company since 2016, will continue in his position while the company finds a replacement, the company said.
Equinor and partners ExxonMobil, Idemitsu and Neptune have discovered oil and gas in exploration well Echino South, 35/11-23, by the Fram field in the North Sea, the Norwegian Energy Company said on Wednesday. Recoverable resources are estimated…
Executives from many of the world's biggest oil companies gathered in Rio de Janeiro on Wednesday to compete in Brazil's long-awaited transfer-of-rights (TOR) oil bidding round, the largest offer of crude and gas reserves in the nation's history…
UK's technology innovation and research center Offshore Renewable Energy (ORE) Catapult has announced ambitious expansion plans in the Humber, including a commitment to open a base of operations in Grimsby and create 50 to 70 jobs in the region in the next 10 years…
Masirah Oil, an exploration and production company operating Block 50 offshore Oman, announced that it has awarded a drilling rig contract to Foresight Offshore Drilling Limited.The jack-up Foresight Driller IX will be utilized for an appraisal well on the Yumna field in block 50 offshore Oman…
Gulf Marine Services (GMS), a provider of self-propelled jackup barges, said it has been awarded a four-year contract for a K-Class small vessel, from an unnamed Middle East national oil company.The world's leading provider of advanced self…
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