Oil and gas producers in the U.S. Gulf of Mexico have consolidated at a faster rate during the pandemic, new government data shows, as crashing prices squeezed out smaller drillers who had been seen as the industry's future.The dominance of…
Australian oil company Woodside confirmed Monday it has been in talks with BHP over the potential acquisition of BHP's oil and gas business.'Woodside notes recent speculation regarding a potential transaction between Woodside and BHP Petroleum…
The U.S. Coast Guard and National Transportation Safety Board on Friday wrapped up the formal public hearing proceedings into the sinking of the liftboat Seacor Power and the death of 13 of its 19 crewmembers in the Gulf of Mexico.The Seacor Power capsized in heavy winds and seas on April 13…
Offshore drilling contractor Vantage drilling this week posted a net loss of $29 million in the second quarter of 2021, but its CEO was optimistic on the back of several important jack-up drilling rig contracts secured recently, especially in Qatar…
The Gambia's A1 offshore block is back on the market for licensing, the petroleum ministry said on Thursday, three days after BP agreed to a $29.3 million settlement for failing to meet its drilling obligations there.The British oil major violated…
Malaysian oil company Ping Petroleum, a subsidiary of DNeX, has agreed to buy the remaining 50 percent stake in the Avalon oil field in the UK North Sea, for $17 million.Ping will buy the 50 percent stake in the oil field from Summit Exploration and Production…
Macquarie’s Green Investment Group has joined Vårgrønn and Agder Energi in a consortium working to develop offshore wind in Norway’s Sørlige Nordsjø II zone.The consortium will bid for a site in the Norwegian Sørlige Nordsjø II area, comprising up to 3 GW of new offshore wind capacity…
Oslo-listed company Carbon Transition, previously known as Axxis Geo Solutions, said Friday that its AGS business line had successfully completed the ROV-deployed ocean bottom node survey in the North Sea, which was announced in November 2020…
Venezuela's national oil company PDVSA is reportedly preparing to resume production from the Corocoro offshore oil field.Reuters said Thursday, citing people familiar with the matter, that PDVSA would use the Cororoco oil to feed its refineries…
Norwegian oil and gas exploration and production company Vår Energi has obtained regulatory consent to drill an exploration well in the Barents Sea, off Norway.The Petroleum Safety Authority Norway on Thursday said it had given Vår Energi its…
Oil and gas firm TAQA said Friday that Heerema Marine Contractors had successfully removed the topside of its Brae Bravo platform in the UK North Sea.'This marked the completion of two successful ground-breaking campaigns with HAF, the Heerema…
Energy intelligence firm GlobalData expects Brazil to contribute around 23% or 1.3 million barrels per day (mmbd) of global crude oil and condensate production in 2025 from key offshore planned and announced projects (new-build projects) that are expected to start operations between 2021 to 2025…
Top oilfield services firm Schlumberger on Thursday said it had withdrawn staff from next week's Offshore Technology Conference (OTC), which typically attracts at least 60,000 attendees to Houston, citing the area's rise in COVID-19 cases.The…
Norwegian offshore survey company Electromagnetic Geoservices (EMGS) in June entered into a framework contract with an existing client for licensing of multi-client data from the EMGS' international multi-client library.The company said at the…
Expectations are growing that BHP Group Ltd will deliver a verdict on the future of its petroleum business at its results next week, as it comes under increasing pressure to cut its fossil fuel footprint.The world's biggest miner has been facing…
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