Faroe Petroleum has failed to find hydrocarbons at its Brasse East exploration well in the Norwegian North Sea, while the Brasse appraisal sidetrack well encountered hydrocarbons.The Aberdeen-headquartered firm said that the Brasse East exploration well 31/7-3 S was drilled to a total depth of 2…
Norwegian oil and gas operator DNO ASA subsidiary DNO Oman Block 8 Limited has relinquished operatorship and participation in the offshore Oman Block 8 to the Sultanate of Oman's Ministry of Oil and Gas (MOG) and state-owned Oman Oil Company Exploration and Production LLC (OOCEP)…
Newcomer Vår Energi AS revealed Thursday that an appraisal well has uncovered more resources in the Goliat field off Norway.Vår Energi, together with license partner Equinor, drilled the 7122/7-7 S Goliat West appraisal well in PL 229 in the Barents Sea…
Brazil’s oil and gas sector related businesses traded about R$22 billion (about US$5.6 billion) in the last two years. This figure from the National Agency for Petroleum, Natural Gas and Biofuels (ANP) was presented during a ceremony on the balance of advances in the sector…
Marine Coordination Services BV will utilize SeaPlanner software during all operational marine coordination activities for commissioning of the 396MW Merkur Offshore Wind Farm.The marine management system has been selected as part a strategic partnership between U…
Norwegian major Equinor has awarded an engineering, procurement and construction (EPC) contract to domestic services company Aibel for the final bridge on the Johan Sverdrup field.The deal, worth an estimated NOK 200 million, was included as…
Norwegian oil company DNO said on Thursday that it now requires only 50 percent of Faroe Petroleum shareholders to back its takeover bid after it lifted its stake in the UK firm, boosting the chances the hostile offer will go through.Shares in both companies jumped after DNO's statement…
Bourbon has announced the renewal of the general waiver with its leasers and debt holders representing the majority of the group’s debt, thus allowing it to suspend the payments of its loans and debt.According to Bourbon, the waiver allows it to stay focused on its operational priorities…
Shell has extended its contract for the Rowan Gorilla VI jack up in Trinidad, Rowan Companies plc said.According to the offshore drilling contractor that provides well drilling services to the petroleum industry, the Super Gorilla class jack…
North Sea player Faroe Petroleum published an independent valuation of its assets by Gaffney, Cline & Associates (GCA), which is said to highlight the inadequacy of DNO ASA's GBP608 million at 152p per share takeover offer.Faroe Petroleum could…
Wood Mackenzie Research Director, Angus Rodger, provides insight on a of UK-listed Ophir Energy by Indonesia's Medco Energi.'On the first day of 2019, Ophir announced it was in talks with Indonesia's Medco Energi regarding a cash takeover. No amount or other details have yet been released…
The state Board of Public Utilities said Monday it received three bids from firms interested in building wind projects, but it wouldn’t identify any of them, according to Institute for Energy Economics and Financial Analysis (IEEFA).According to IEEFA…
Norwegian offshore service and supply ship shipping company Solstad Offshore has been awarded a contract extension for 2013-built anchor handling tug supply (AHTS) vessel Far Statesman.According to a press release, the 258-tbp Far Statesman…
Offshore drilling services provider Ensco has rolled out a new proprietary solution engineered to provide greater pipe tripping safety and efficiency.When used in concert with other key equipment, sensors and process controls, Ensco’s patented…
The Eni operated Rowallan exploration well 22/19c-G in the Central North Sea has been spudded by the heavy duty jack-up rig Ensco 121.The news was announced Monday by Eni's project partner Serica Energy, who holds a 15 percent stake in the well…
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