Abu Dhabi's national oil company ADNOC said Thursday it had awarded a contract worth up to $519 million to Chinese seismic contractor BGP to further expand the scope of what it says is the world’s largest combined 3D onshore and offshore seismic survey…
Norwegian oil firm Equinor has been granted authorization to drill two wells at the Blasto prospect in the North Sea, off Norway.The Norwegian Petroleum Directorate said Friday it had granted Equinor a drilling permit for wildcat well 31/2-22…
Falling oil prices and the Covid-19 effects have forced oil and gas companies to cut their spending wherever possible, leading to, as a consequence, to delays with planned UK North Sea decommissioning programs, with a 30 percent drop in decom expenditure expected in 2020…
Oslo-listed oil and gas company PetroNor has acquired SPE Guinea Bissau AB, a Guinea Bissau subsidiary of Sweden-based Svenska Petroleum. The acquisition entitles sub-Saharan Africa focused PetroNor to become the operator of the Sinapa (Block…
The year 2020 is on course to be the quietest year for upstream transactions in the Asia Pacific region since the beginning of the 21st century, energy intelligence firm Wood Mackenzie said in a report this week, adding that the activity is expected to bounce back in 2021…
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…
An inadequate preload procedure was found to have led to the overturning of a liftboat in the Gulf of Mexico in September 2019, the National Transportation Safety Board (NTSB) revealed in an accident brief report on Tuesday.The accident occurred while the self-propelled…
Asia-focused oil and gas company Jadestone Energy has settled its dispute with Inpex's subsidiary Teikoku, related to Block 05-1 PSC, offshore Vietnam.Jadestone Energy earlier this year started arbitration against Teikoku over Jadestone’s acquisition of an interest in Blocks 05-1 b and c…
Oil and gas company ConocoPhillips said Wednesday it had made a significant and potentially the largest gas condensate discovery offshore Norway this year.The discovery was made in the Norwegian Sea, in the production license 1009, 22 miles…
Coronavirus vaccines are expected to boost international passenger transportation and oil consumption, but the first significant impact will not be felt until well into the second half of 2021, based on futures price movements on Monday.Brent…
Coastwise Offshore Services has ordered a 'monomaran' aluminum vessel for the offshore wind industry from the Dutch Next Generation ShipyardsThe design of the vessel consists of 3 hulls, a middle center hull and 2 side supporting hulls and a cross structure…
Mainstream Renewable Power has signed a joint development agreement with Vietnamese company Advance Information Technologies Corporation (AIT), to co-develop a 500MW offshore wind project in Ben Tre province, Vietnam.The project received the requisite site survey license earlier this year…
Houston Mechatronics Inc. (HMI) said Wednesday that Triumph Subsea Services will be the first to commercialize its all-electric Olympic arms.The U.S. ocean robotics firm said it reached an agreement with Triumph to provide 26 all-electric Olympic…
The United States has assured Italian oil company Eni SpA that efforts to prevent a spill at a floating crude facility in Venezuela would not run afoul of sanctions, the company, and the U.S. State Department said on Monday.Images in recent…
Dutch offshore installation services firm Heerema Marine Contractors has installed one of the world's smallest offshore gas platforms using its Sleipnir semi-submersible crane vessel - which is the world's largest - in the Dutch sector of the North Sea…
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