The top executive for oilfield services firm Halliburton Co earned roughly $10 million more in 2020 than the prior year, despite company pledges to reduce executive pay as the coronavirus pandemic crushed the oil industry, according to a regulatory document filed on Tuesday…
Hilcorp Energy Co. has shut down two oil platforms in Alaska’s Cook Inlet in response to a natural gas leak discovered last week.The affected platforms account for roughly an eighth of the total Cook Inlet basin oil production of a little more than 11…
Italian oil and gas company Eni has made a new light oil discovery in Block 15/06, in Angola’s deep offshore. Eni said Tuesday that the well was drilled on the Cuica exploration prospect located inside the Cabaça Development Area and close to the Armada Olombendo FPSO (East Hub)…
Maritime Developments (MDL), a company providing consultancy, equipment, and personnel for the global offshore energy sectors, has appointed Chris Reid as its new Vice President VP - UK & EuropeMDL, which provides SURF handling back-deck equipment…
The move by the OPEC+ group of oil exporters to ease their output restrictions from May onwards is effectively a bet that the current soft demand for crude will improve at the same pace as production returns.If history is a guide, it will be extremely difficult to get that balance correct…
Global Offshore, an offshore trenching and cable installation specialist, has completed a cable installation campaign at Vattenfall’s Kriegers Flak offshore wind farm in the Baltic Sea, off Denmark.The first phase of work, finished last year…
Israel’s Delek Drilling is in talks to sell its stake in the offshore natural gas field for up to $1.1 billion, financial news website Calcalist reported on Monday.Delek owns a 22% stake in Tamar, one of Israel’s main energy sources, which it…
As part of his Executive Order on Tackling the Climate Crisis at Home and Abroad (EO 14008)—issued on the first day he took office—President Biden made significant commitments to renewable energy. These commitments include collaborating with…
Construction of the Energean Power FPSO, destined for Energean's Karish field off Israel, has recently reached what has been described as a 'major milestone' with the installation of the flare on the FPSO in a Singapore shipyard.Technip Energies…
Wood, an energy industry consulting and engineering company, has secured a new contract with oil company TAQA to provide integrated facility services across the TAQA's North Sea assets.With the award of a five-year Integrated Facilities Services agreement…
Integrated logistics and materials management company, ASCO, has appointed Craig Revie as General Manager of its specialist lifting division, NSL.Revie first joined ASCO in 2018 as head of Marine Services, Craig led initiatives in vessel monitoring…
Oil firm Masirah Oil, a subsidiary of Rex International, has said it has completed its program near the Yumna Field, in the Arabian Sea, offshore Oman. The campaign included two development wells and three exploration wells.The first prospect…
Qatar Petroleum has signed a deal with oil major Shell to become a partner in two exploration blocks offshore Namibia.Under the deal, for which financial details were not disclosed, Qatar Petroleum will hold a 45% participating interest in the…
Norwegian shipbuilder VARD has won contracts to build three Service Operation Vessels (SOVs) for the UK-based North Star Renewables. The vessels, to be built in Vietnam, will operate on the Dogger Bank Wind Farm in the North Sea, the world's largest…
BP expects to reach its $35 billion net debt target in the first quarter of 2021, the energy group said on Tuesday, following earlier-than-expected proceeds from disposals and a 'very strong' quarter.The company, which had a debt pile of $39 billion at the end of 2020…
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