The United States could help Hungary diversify away from Russian energy by encouraging ExxonMobil to proceed with long-stalled plans to develop the Domino-1 gas field in the Black Sea, Hungary's foreign minister said.Foreign Minister Peter Szijjarto…
U.S. oil and gas company Apache Corp said on Thursday it expects to spend much less on exploration and production this year than originally planned, becoming the latest shale producer to cut capital spending amid a fall in crude prices.Apache set a capital budget for oil production of $2…
Four years after French major Total SA suspended the search for natural gas off the Southern coast of South Africa, it was good news this week for the company's shareholders and partners when the exploration and production giant announced the successful drilling of its Brulpadda well…
Norwegian oil firm DNO reported on Thursday a higher-than-expected operating profit in the fourth quarter and said it would hike 2019 spending as it planned to drill a record number of wells.The Oslo-listed firm, which produces most of its oil in the Kurdistan region of Iraq…
TGS, a provider of seismic data for the oil industry, proposed on Thursday a higher-than-expected dividend despite lower-than-expected profits in the fourth quarter and said demand from oil companies would continue picking up this year.Seismic…
Romanian-based Black Sea Oil & Gas, controlled by private equity firm Carlyle Group LP, said on Thursday it has decided to go ahead with its $400 million offshore gas project in Romania, the first such project to be developed in 30 years.The…
French oil and gas major Total said it had made a significant gas condensate discovery after drilling its Brulpadda prospects on Block 11B/12B in the Outeniqua Basin, offshore South Africa.Total said the Brulpadda well encountered 57 meters of net gas condensate pay in Lower Cretaceous reservoirs…
French energy major Total said its net adjusted profit rose 10 percent in the final quarter of 2018, lifting its full year earnings by more than a quarter after record oil and gas production.Total said on Thursday that output reached an all-time high of 2…
Norway's oil and gas firm Equinor plans to drill a record five exploration wells off Britain, including four-operated wells, the company said on Thursday.The campaign includes a well to appraise Equinor's Verbier discovery, currently estimated…
Offshore wind service provider LOC Renewables, a part of LOC Group, a leading international marine and engineering consulting firm, has successfully overseen the launch of France’s first offshore wind project.LOC Renewables supplied marine warranty surveying services (MWS) across the project…
London-based Seadrill has formed a new joint venture (JV) with Angolan oil company Sonangol to operate drillships.The deepwater drilling contractor that provides worldwide drilling services to the petroleum industry said in a press release that…
The Norwegian seismic JV between GC Rieber and Rasmussengruppen GeoServices has won four Ocean Bottom Seismic (OBS) contracts by Aker BP and Equinor in Norway.Marine seismic specialist said in a press release that the contracts will fill backlog…
Wood and KBR,Inc. have secured a new multimillion dollar contract to deliver integrated front-end engineering design (FEED) for Shell Australia’s Crux project to build a not normally manned (NNM) platform and gas export pipeline located approximately 600km north of Broome…
ExxonMobil and its partners have made two additional discoveries offshore Guyana at the Tilapia-1 and Haimara-1 wells, bringing the total number of discoveries on the Stabroek Block to 12, the U.S. supermajor announced Wednesday. The discoveries…
Following “big consolidation activity” within the subsea industry in 2016 and 2017, slowed merger and acquisition action in 2018 has created challenges for the sector, according to Mike Beveridge, managing director at energy investment banking firm Simmons Energy…
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