UK-focused oil firm Independent Oil and Gas has said that it remains in talks with CalEnergy over the latter's participation in IOG's North Sea blocks.Namely, CalEnergy Resources, part of Berkshire Hathaway Energy, had an option to acquire a…
The coronavirus outbreak could cut oil industry investment this year by tens of billions of dollars and delay the delivery of offshore installations currently being built at Asian yards, Oslo-based consultancy Rystad Energy predicted on Friday…
Weekly U.S. offshore drilling rig count dipped last week, but the overall rig count rose, by one unit.According to Baker Hughes' Rig Count report released Friday, U.S. Rig Count was up 1 rig from the previous week to 791, with oil rigs up 1 to 679…
Brazilian offshore contractor Constellation has won an offshore drilling rig contract with Petrobras.Constellation said last week that Petrobras had hired its Atlantic Star semi-submersible drilling rig.In a LinkedIn post, the offshore drilling…
The European Commission has given its approval for the proposed offshore wind joint venture between France's Engie and Portugal's EDP Renewables.The two companies back in January signed a deal to form 50/50 joint-venture (JV) in fixed and floating offshore wind…
The 4,000-metric-ton jacket and topside has been installed for Qatargas' North Field Bravo Living Quarters Expansion project, Heerema Marine Contractors announced on Tuesday.Heerema said the installation was completed by its vessel Aegir, which…
U.S. Senator Marco Rubio on Tuesday said he was confident the administration of President Donald Trump will extend a ban on oil and gas drilling off Florida, despite its enthusiasm for opening much of the country's coasts to petroleum development…
A federal judge ruled on Tuesday that some of the claims raised by South Carolina in a lawsuit against the Trump administration over seismic tests for oil and gas deposits in Atlantic waters may proceed, but dismissed four others. Coastal states…
The European Union has imposed sanctions against two persons for their involvement in Turkey's offshore drilling activities near the Cyprus coast in the Eastern Mediterranean.'Today, the [European] Council has placed two persons under restrictive…
Tullow Oil's Orinduik Block offshore Guyana could hold 5,1 billion barrels of oil equivalent in Gross Prospective Resources, best estimate, according to Gustavson Associates, an independent third-party auditor.This is more than a billion-barrel…
Oil companies produced 3.17 million barrels per day (bpd) on average in Brazil in January, a volume 20.4% larger than seen in the same month a year earlier and an output record for the country, oil regulator ANP said on Wednesday. Natural gas production increased 22% over January 2019 to 138…
ADM Energy, an AIM-quoted oil and gas investing company formerly known as MX Oil, will increase its interest in the offshore block in Nigeria containing the Aje oil field.ADM said Monday it had agreed with EER, a partner in the block to acquire a participating interest of 2…
Article updated to add more info on the scope of workOffshore vessel supplier DOF Subsea has found work for its Geosea vessel outside of the offshore energy sector.The 84.8 meters long vessel has been awarded a contract with N-Sea, with the end client being the Royal Netherlands Navy…
The drill bit still plays a key role across the region, with exploration increasingly the domain of national oil companiesReports of the death of exploration have been greatly exaggerated. Since the 2014 oil price downturn, the industry has re-imagined exploration…
A record 5.2GW of fully operational offshore wind capacity was commissioned in 2019 which took the global cumulative offshore wind capacity to 27,213MW — a 23% increase from the capacity online at the end of 2018.According to a report from World Forum Offshore Wind (WFO)…
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