Seismic research vessels hired by Exxon Mobil to explore for oil off Guyana's coast have not returned to the site of a December incident with Venezuela's navy, but they may in the future, Guyana's foreign minister said on Thursday.Guyana, with no history of oil production…
Norway's Petroleum Safety Authority has given consent to Norwegian based Wellesley Petroleum to drill exploration well 25/1-13 in the North Sea.Wellesley is the operator for production licence 871 in the North Sea.Well 25/1-13, named Balcom…
The Eni operated Rowallan exploration well 22/19c-G in the Central North Sea has been spudded by the heavy duty jack-up rig Ensco 121.The news was announced Monday by Eni's project partner Serica Energy, who holds a 15 percent stake in the well…
U.S. offshore vessel owner Seacor Marine has acquired of three fast support vessels (FSVs) in exchange for the private placement of 603,872 shares of its common stock to domestic U.S. holders affiliated with the McCall family of Louisiana.The…
Norwegian offshore service and supply ship shipping company Solstad Offshore has been awarded a contract extension for 2013-built anchor handling tug supply (AHTS) vessel Far Statesman.According to a press release, the 258-tbp Far Statesman…
North Sea player Faroe Petroleum published an independent valuation of its assets by Gaffney, Cline & Associates (GCA), which is said to highlight the inadequacy of DNO ASA's GBP608 million at 152p per share takeover offer.Faroe Petroleum could…
Despite stalled negotiations between the White House and Congress over funding for a border wall, forcing a shutdown of the government that started December 22, 2018, certain services remain active, if scaled-back, including some serving the oil and gas industry…
ExxonMobil said Monday it has begun drilling the first of two planned wildcat wells offshore Guyana in January.The Stena Carron drillship is drilling the Haimara-1 exploration well, which is located 31 kilometers east of the Pluma-1 discovery in the southeast Stabroek Block…
Brazil’s oil and gas sector related businesses traded about R$22 billion (about US$5.6 billion) in the last two years. This figure from the National Agency for Petroleum, Natural Gas and Biofuels (ANP) was presented during a ceremony on the balance of advances in the sector…
Japanese energy group JERA joined in the Formosa 1 offshore wind power project in Taiwan and Gunfleet Sands offshore wind power project in the U.K.JERA has entered into an agreement with Macquarie Capital and Swancor to acquire a combined 32…
Japan's largest trading company Mitsubishi Corporation (MC) announced the divestment of shares in Diamond Green Limited, with 30% to be transferred to The Kansai Electric Power Co., Inc (KEPCO) and 20% to Mitsubishi UFJ Lease & Finance Company Limited (MUL)…
Verus Petroleum reports it boosted production from 1,500 to 18,000 barrels per day – a 12-fold increase in its production – in less than a year, through drilling and key acquisitions in the U.K. Continental Shelf.The private equity backed independent…
Woodside and Cairn Energy awarded front-end engineering contracts for Senegal's first oil project, a key step before a final investment decision expected in mid-2019, Woodside said on Monday.The project's first phase targets the unlocking of…
French energy giant Total is in advanced talks with privately owned firms Albion Energy and First Alpha Energy Capital on the sale of some of its British North Sea assets, two industry sources said.In July, four banking sources told Reuters…
Private equity-backed oil firm Chrysaor has hired advisers ahead of talks to buy Chevron's British North Sea oil and gas fields for over $2.5 billion, industry and banking sources said.Chrysaor has signed up investment banks Jefferies and BMO…
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