ABS announced on Wednesday it has been awarded more than $2.1 million for two projects focused on strengthening safety culture in the offshore oil and gas industry.The money from the Gulf Research Program (GRP) of the National Academies of Sciences…
Aquaterra Energy and Oceaneering have signed an agreement to jointly offer decommissioning and late-life solution packages to the North Sea oil and gas industry.The two companies will offer tooling and services in platform well abandonment, subsea well abandonment…
The long awaited first ever offshore licensing by Senegal has finally been launched as the West Africa country inches closer to achieving its national medium- and long-term hydrocarbon sector investment plan and drive to transform the upstream resource into a source of clean electricity generation…
U.S. oil and gas producer Hess Corp on Wednesday reported a bigger-than-expected quarterly loss, as lower prices for its natural gas and natural gas liquids more than offset higher production at its Bakken shale assets in North Dakota. The company said average selling prices for natural gas fell 27…
Norwegian offshore services and supply vessel company Solstad Offshore has renewed its connectivity contract with Marlink, committing 65 offshore vessels to Sealink, Marlink’s high-throughput Ku-band VSAT service. Solstad’s vessels will be provided…
UK-focused oil company Hurricane Energy has said that its Lancaster oil field production has exceeded expectations. The North Sea field started producing oil via the Aoka Mizu FPSO in June 2019. In an operational update on Wednesday, Hurricane said that the field had produced 15…
BW Offshore has slightly reduced the valuation of its planned oil and gas spin-off, the Oslo-listed company said as it presented details for the initial public offering on Wednesday. The valuation of BW Energy was shaved to a range of between $700 million and $750 million…
Offshore drilling rig contractor Borr Drilling has reportedly secured more work for its Mist jack-up rig.According to Norwegian media, the Borr has secured an eight-month contract for the Keppel-built offshore drilling unit.Finansavisen recently reported that Svend Anton Maier…
U.S. oil and gas producer Hess Corp said it would spend 11% more in 2020 compared with last year, betting heavily on its assets in offshore Guyana and the Bakken shale play.The company said its 2020 exploration and production capital and exploratory budget will be $3 billion…
A crude oil spill from South Korea's S-Oil's offshore buoy was contained off the southeastern coast of South Korea, the country's coast guard and the refiner said on Wednesday. The leak occurred early Wednesday as the offshore buoy's pressure gauge was broken but the source of the leak was sealed…
Dutch offshore installation company and Estonian wind farm developer Saare Wind Energy have teamed up to develop the Saaremaa offshore wind farm in Estonia's part of the Baltic sea.Saare Wind Energy started the development of the project in…
Algeria has definitely been excluded from Energean's pending acquisition of Edison E&P.The Greek oil and gas company in July last year agreed to buy Italy-based Edison's oil and gas subsidiary Edison Exploration & Production for an initial consideration of $750 million…
Oil and gas company Neptune Energy plans to speed up the process of making a discovery, cut exploration costs, and bring the oil finds online faster using a new digital subsurface program that will Neptune said the program's aim is to discover hydrocarbons 70% faster…
Norwegian offshore vessel owner DOF Subsea has secured several contracts for two of its offshore vessels, with undisclosed clients.DOF subsea said it would carry out for pre-lay and LBL array installation activities in Guyana, subsea installation…
Kosmos Energy has completed drilling the Oldfield exploration well in the U.S. Gulf of Mexico, and the well failed to find oil.Oldfield was designed to test a sub-salt Miocene prospect located in Mississippi Canyon, targeting approximately 10 mmboe net to Kosmos which owns 40 percent in the block…
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