Shares of John Wood Group Plc surged over 30% on Thursday after the company said it received three preliminary buyout proposals from private equity firm Apollo Global Management Inc. The British oilfield services and engineering firm said late…
The Brazilian oil company Petro Rio on Wednesday announced production start-up for the MUP5 well in the Frade offshore field in Brazil.Petro Rio said that the stabilized initial production of approximately 8,000 barrels of oil per day, above original projections…
Europe will struggle over the next two winters to replace Russian natural gas supplies as China's appetite for the fuel recovers, the chief executive of Norwegian energy giant Equinor told Reuters on Tuesday.Equinor became Europe's top natural…
Oil and gas companies operating in Indonesia are being encouraged to install carbon capture facilities in their working areas, the Energy Ministry said on Friday.The resource-rich country, which is also one of the world's biggest greenhouse gas emitters…
Oslo-listed FPSO provider BW Offshore has agreed to sell the laid-up FPSO BW Opportunity to an undisclosed third party for $125 million. BW Offshore said Friday that the sale was subject to conditions precedent and is expected to be completed by the end of the first quarter of 2023…
The Australian oil company Carnarvon Energy has named Alex Doering its Chief Financial Officer (CFO), effective June 1, 2023.Doering is the current Financial Controller at Carnarvon and Joint Company Secretary, and has been with the company…
Houston-based Bleutec Industries announced it has received approval in principle (AIP) from the American Bureau of Shipping (ABS) for the designs of its Jones Act compliant offshore wind farm construction solution.Envisioned as an alternative to wind turbine installation vessels (WTIV)…
Oil and gas company Wintershall Dea said Thursday it had invested in Norway-based smart well flow diagnostics provider Wellstarter. 'The Norwegian based company has developed an innovative solution, offering cost effective and real time wireless downhole flow monitoring…
Oslo-listed oil and gas company BW Energy said its planned acquisitions of Petrobras' working interest in Golfinho and Camarupim deepwater oil fields, and the related FPSO from Saipem, were facing delays as a Brazilian ministry has ordered a review of Petrobras divestment program…
Russia's Lukoil is in talks with Indian companies to sell its stake in the Pecan oilfield off Ghana, which could help to break an impasse in submitting development plans for the field, sources familiar with the matter said. Talks between Lukoil officials and Indian companies…
Tullow Oil on Wednesday kept its forecasts for steady output and lower cash flow for this year, sending its shares lower, even as it reported higher free cash flows for 2022. The company plans to invest $400 million this year, mainly on its flagship fields in Ghana…
Australia's Woodside Energy is on track to make a final investment decision this year on the Trion offshore oil project, which would inaugurate production in the deep waters of the country's Gulf of Mexico.[BHP Petroleum, now part of Woodside] partnered in 2017 with state-oil company Pemex…
Offshore well construction and production technology company Reelwell has signed a five-year frame agreement with the Norwegian oil firm Equinor to provide DualLink Powered and Wired drill pipe, ahead of installing and operating the system at Equinor's Oseberg field…
Norwegian oil company Vår Energi on Thursday confirmed the discovery of oil in the operated 7122/8-1S Countach well in production license PL229 (Goliat), northwest of Hammerfest, including updated volume estimates. The well, in the Barents Sea…
Norwegian offshore vessel owner Eidesvik Offshore has formed a joint venture with offshore services player Reach Subsea to acquire the subsea vessel Edda Sun. The new entity will own and operate the Edda Sun, with Eidesvik as majority stakeholder…
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