Swiss-Dutch company Allseas said last week it had suspended its pipe-laying activities in the Nord Stream 2 Russia-to-Germany natural gas pipeline in anticipation of U.S. President Donald Trump's signing of a defense policy bill.'In anticipation…
Oil rose towards $68 a barrel to its highest in over three months on Thursday, buoyed by a report showing lower U.S. crude inventories, hopes of an end to the China-U.S. trade dispute and OPEC-led efforts to constrain supply.The American Petroleum Institute…
Russian oil company Zarubezhneft said it has signed a Production Sharing Agreement with the Ministry of Oil and Mineral Resources of Egypt, the Egyptian state holding oil company GANOPE and Pacific Oil Limited, for the South East Ras El Ush (SEREU) and East Gebel El Zeit (EGZ) blocks offshore Egypt…
London-headquartered offshore drilling contractor Noble Corporation has appointed Stephen M. Butz as Executive Vice President and Chief Financial Officer, effective December 19, 2019.From 2014 until its merger with Ensco plc, Butz served as…
Royal Dutch Shell won the rights to market Guyana's first cargoes of crude oil, the government said on Tuesday, just days after oil production began and launched the impoverished South American country into the ranks of world suppliers.An ExxonMobil-led consortium…
Asian marine and offshore engineering group Sembcorp Marine has secured two offshore platform projects worth over 550 million Singapore dollars (US$405.9 million) from Qatar-based North Oil Company (NOC).The contract is to support redevelopment efforts at the Al Shaheen and Tyra fields…
The maritime support provider with a versatile fleet of over 40 owned vessels Acta Marine and MHI Vestas Offshore Wind signed the Charter Party (CP) for deployment of the Acta Centaurus on the Borssele III and IV Offshore Wind Farm (OWF) Project…
Offshore vessel operator Swire Pacific Offshore (SPO) has informed that seven of its crew members of the Pacific Warden, abducted in a pirate attack offshore Equatorial Guinea in November, have now been released.According to a press release…
As drilling costs keep coming down for land-based wells in unconventional plays, offshore drillers face increased pressure to lower their costs. A key focus area: maintenance budgets for marine drilling risers. Instead of the traditional five-year…
Unlocking marginal fields in the UK North Sea has led to a project comparing a global database of fields, discoveries and prospects, to clarify strategy for license holders and the supply chain alike in petroleum basins.In 2015, a project was…
As Nigeria looks ahead to a possible oil licensing round in mid-2020, the plan has received a major boost with the launch of the West Africa country’s first ever regional multi-client Multibeam and Seafloor Sampling Study (MB&SS).The data gathering…
Oil and gas producer Woodside Petroleum Ltd said on Tuesday it has signed an agreement to supply liquefied natural gas (LNG) to German utility Uniper SE for 13 years starting 2021.Under the agreement, Woodside said it would initially supply up to 0…
Magseis Fairfield announced Norwegian energy company Equinor had awarded four-year renewal for its reservoir monitoring program for the Snorre and Grane fields in the Norwegian North Sea.The containerized permanent reservoir monitoring (PRM) system…
Israel opposes an accord signed last month between Libya and Turkey mapping out maritime boundaries in the eastern Mediterranean, but the deal was unlikely to lead to a conflict with Turkey, Israel's foreign minister said on Monday.The deal…
When it comes to smooth, safe drilling, you’d be hard-pressed to argue that the blowout preventer (BOP) stack isn’t the key to the whole operation. A series of mechanisms to regulate pressure levels in a well and prevent blowouts, which could potentially endanger personnel and the environment…
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