Stena Drilling's Stena IceMAX drillship is soon expected to set sail to the Bahamas, where it will spud the Perseverance #1 exploration well for the Bahamas Petroleum Company (BPC). BPC said Tuesday that the drilling rig had completed all necessary vessel and equipment inspections…
U.S. oil major ExxonMobil has made another oil discovery off Guyana, at the Tanager-1 well, however, the discovery is reported as non-commercial.Unlike Exxon's previous Guyana wells which were drilled in the Stabroek offshore block, and which unearthed more than 8 billion barrels of oil…
Energy services company AGR has started decommissioning operations of Ireland’s first indigenous gas wells in the Kinsale Area in the Celtic Sea, on behalf of PSE Kinsale Energy.To remind, Kinsale Energy, a subsidiary of Petronas, in July said…
Fred. Olsen Renewables and Hafslund Eco have agreed to cooperate as equal partners on a 50/50 basis on the development of offshore wind and transmission concepts in Norway.'The combination of Hafslund Eco’s competencies as a power producer and grid operator with [Fred…
Oil firm Equinor expects global oil demand to peak by around 2027-2028, two-free years earlier than the company previously saw, as a result of the COVID-19 pandemic, it said on Tuesday.There is no agreement on when oil demand could peak, but…
French seismic data company CGG has been awarded two large-scale complex seismic reprocessing contracts by the Thai national oil company PTTEP.CGG said PTTEP was investing in the rejuvenation of pre-existing data sets from two regions offshore Malaysia…
Lundin Energy has failed to find hydrocarbons at its Polmak exploration well in the Barents Sea, offshore Norway. The Sweden-based firm said Monday it had completed exploration well 7221/4-1, targeting the Polmak prospect in licenses PL609 and PL1027…
Vietnam has started pumping the first gas from the Sao Vang-Dai Nguyet field off the country's southern coast, PetroVietnam Gas Corp said on Tuesday.Gas output from the field, estimated at 1.5 billion cubic metres a year and equivalent to 15% of Vietnam's total gas output in 2019…
One of the world's largest conferences and exhibitions dedicated to the offshore energy industry will be postponed next year due to the ongoing COVID-19 pandemic.The Offshore Technology Conference, which attracts tens of thousands of visitors to Houston annually…
Brazilian oil and gas company Petrobras has launched an opportunity disclosure stage (teaser) for the sale of 50% of its stakes in the offshore oil fields - known as the Marlim Cluster - in the Campos Basin, offshore Brazil.Petrobras is looking to sell stakes in the deepwater concessions of Marlim…
British utilities SSE, Iberdrola-owned Scottish Power and grid operator National Grid will develop a 4 gigawatt (GW) power link between Scotland and England, they said on Monday.The multi-billion pound project, called the Eastern Link, will…
U.S. offshore wind crew transfer firm Atlantic Wind Transfers said Sunday that the Atlantic Endeavor crew transfer vessel rolled out on the lift dock at Blount Boats over the weekend to get ready for the launch.This new Chartwell Marine crew…
SBM Offshore, a Dutch FPSO specialist, has informed that the topside integration phase has kicked off in Singapore on the Liza Unity FPSO. Once completed the FPSO will be deployed at ExxonMobil's Stabroek offshore block in Guyana, and will be Guyana's second FPSO in production…
Norwegian energy intelligence group Rystad Energy has said that oil and gas exploration activity in 2020 has been resilient, despite concerns that Covid-19 could drive down discovered volumes to their lowest levels in decades.'Found resources…
The Organization of Petroleum Exporting Countries and allies started meetings on Monday that will look at further action to support the oil market in 2021, as the second wave of coronavirus weighs on demand and prices.OPEC and allies led by Russia…
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