Norwegian seismic player Shearwater has signed letters of intent with Equinor for three 4D towed streamer projects by Equinor. Apart from the Equinor LoIs, Shearwater has secured 4D Ocean Bottom Seismic (OBS) project with Lundin Norway for the 2020 North Sea summer season…
Independent oil and gas producer Jadestone Energy has won an arbitration case against Total regarding a dispute over an offshore block in the Philippines.Jadestone Energy, focused on the Asia Pacific region, said Thursday its subsidiary Mitra Energy had been awarded monetary damages…
For the first time, China will this year allow foreign companies to explore for and produce oil and gas in the country, opening up the industry to firms other than state-run energy giants, as Beijing looks to boost domestic energy supplies.The…
Norway started producing oil more half a century ago, and, according to the Norwegian Petroleum Directorate, it still hasn't produced half of the resources available.'NPD's analyses show that around 48 percent of resources have been produced…
Oslo-listed marine seismic acquisition firm SeaBird Exploration has secured a letter of award for a survey in Asia.In a brief statement issued Thursday, Seabird kept details scarce. The company said the survey would begin at the end of Q1 and was expected to be completed in Q2 2020…
Africa focused oil and gas firm Vaalco Energy has brought online another well at the Etame field offshore Gabon. The well Etame 11H well has been producing at a higher than anticipated rate, the company said Wednesday.The Etame 11H well is the second development well in Vaalco0s 2019/2020 program…
Norwegian seismic vessel giant Shearwater has completed the strategic vessel transaction with the French seismic company CGG following an agreement signed in June 2019. The transaction includes the takeover of five high-end seismic vessels,…
Norwegian energy company Equinor and its partners plan to extend the oil production from the Statfjord Area in the Norwegian part of the North Sea towards 2040. The area has been in production for 40 years.Based on the extensive mapping of the…
Australian oil and gas firm Woodside has received the Senegal government exploitation authorization for the Sangomar field development offshore Senegal.Woodside filed the final development plan for the Sangomar oil field early in December 2019…
Norway's TGS, a supplier of seismic data to the global oil industry, reported lower-than-expected fourth-quarter revenue on Thursday.So-called net segment revenue hit $230 million for the October-December period, while analysts on average had expected revenue of $257 million…
RWE, Germany's largest power producer, could become a takeover target as big industry players strive to expand their renewable portfolios around the world, Goldman Sachs said in a research note on Wednesday.Following an asset swap with E.ON…
Rising oil prices are bolstering the numbers of floating production systems on-order or in the planning stage, with fresh orders from Northern Europe and Brazil merely adding to a buoyant market, a new report says.In the doldrums just a few years ago…
The first transition pieces manufactured by the Spanish steel fabrication company Tecade for the 950MW Moray East offshore wind project in Scotland have departed from the Port of Seville.The pieces are sent by sea from Seville to Navantia in Puerto Real…
Operational production costs in the oil and gas industry have fallen across the globe, with UK emerging as a cost-cutting powerhouse among global offshore regions.Specifically, the UK North Sea has emerged as a world leader in cost-cutting thanks to increased production…
Danish wind turbines manufacturer MHI Vestas Offshore Wind has selected Port of Rønne in Denmark to pre-assemble and ship components for the turbines for the Arcadis Ost 1 offshore windfarm.Arcadis Ost 1 is a 257MW offshore wind project scheduled for installation in Rugen by 2022…
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