U.S. major ExxonMobil has made its 10th discovery offshore Guyana and increased its estimate of the discovered recoverable resource for the Stabroek Block to more than 5 billion oil-equivalent barrels, reinforcing potential for at least five floating storage…
EnVen Energy Corporation announced that it spud its King Crab well on Ewing Bank Block 873 in its Lobster field in the Gulf of Mexico. The King Crab well targets an oil-focused reservoir approximately 14,000 feet subsea with seismic amplitudes…
The new floating production unit currently being constructed for the Mad Dog 2 project in the deepwater Gulf of Mexico will be named Argos, U.K. oil major BP announced.BP said the name was chosen by the project team and an employee survey and…
Coatings manufacturer Hempel has officially opened its new €6 million Center of Excellence dedicated to passive fire protection (PFP) coatings.The new center in Barcelona features 3,000 square meters of laboratory, testing areas and offices…
Houston based Forum Energy Technologies, Inc. announced Monday that C. Christopher Gaut will return to the role of Chief Executive Officer to replace outgoing CEO Prady Iyyanki. Gaut will continue to serve as Chairman of the BoardGaut, a seasoned oil and gas industry executive…
Aker BP announced on Monday that it has completed the $205 million acquisition of Total E&P Norge's Norwegian continental shelf portfolio. Aker BP first announced the deal in July, and this week said all closing conditions have been fulfilled…
Royal Dutch Shell caved in to growing investor pressure over climate change on Monday with plans to set short-term targets for reducing its carbon footprint.BP and Total have already set short-term targets, but Shell Chief Executive Officer Ben van Beurden had previously resisted setting hard goals…
London based independent Panoro Energy ASA announced Monday that the first cargo of oil from Dussafu has been offloaded from the BW Adolo floating production storage and offloading unit (FPSO) on December 2.A total of 550,000 barrels of oil…
The new Aptara TOTEX-lite subsea system unveiled last week by Baker Hughes, a GE company, features new lightweight, modular subsea technologies aiming to reduce not just lead times for equipment delivery as well as total cost of ownership for the full life of the field…
Qatar said on Monday it was quitting OPEC from January to focus on its gas ambitions, taking a swipe at the group's de facto leader Saudi Arabia and marring efforts to show unity before this week's meeting of exporters to tackle an oil price slide…
Oil prices jumped by more than 5 percent on Monday after the United States and China agreed to a 90-day truce in a trade dispute, and ahead of a meeting this week of the producer club OPEC that is expected to cut supply.U.S. light crude oil rose $2…
Petrofac’s Engineering and Production Services (EPS) business has secured a Condition Monitoring contract renewal from TAQA in the U.K. following competitive tender.Under the terms of the three-year agreement, Petrofac’s Condition Monitoring team will provide onshore and offshore vibration analyses…
U.S. based drilling contractor Rowan Companies announced Monday that ExxonMobil has exercised the first two options for the drillship Rowan Relentless. The options will be used for operations in the U.S. Gulf of Mexico and have an expected duration of 30 days each…
Global integrated subsea services business Kreuz Subsea has appointed Knut Eriksen as the board’s first independent nonexecutive director. Eriksen, who took up the advisory position on December 1, will support the business on a strategic level and help to identify future growth opportunities…
Brazil's state-controlled Petroleo Brasileiro SA (Petrobras) said on Monday it had sealed a joint venture with Murphy Exploration & Production Company to explore oil and gas fields in the Gulf of Mexico, according to a securities filing.Petrobras received $795 million for the deal…
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