Halliburton Co and Baker Hughes beat analysts' estimates for second-quarter profit on Wednesday on the back of strong demand for oilfield services internationally, even as domestic activity stumbled. While oilfield drilling has seen a resurgence abroad…
Oil and gas company Deltic Energy Plc on Wednesday announced a significant increase in the estimated oil and gas resources for Shell's Pensacola discovery in the UK North Sea, with the analysis revealing nearly double the initial expectations…
Offshore drilling contractor Transocean has secured a 1,080-day contract for one of its high-specification seventh-generation, ultra-deepwater drillships in the Gulf of Mexico, offshore Mexico. The contract will contribute approximately $518 million in backlog…
Offshore drilling contractor Transocean Ltd. said Wednesday that six one-well options had been exercised for the Transocean Encourage semi-submersible drilling rig in Norway. While Transocean did not specify who the client was, the harsh-environment…
Wintershall Dea and its partners Petoro and Sval Energi have received approval from the Norwegian Ministry of Petroleum and Energy (MPE) for their plans to develop the Dvalin North field and the second phase of the Maria field in the Norwegian Sea…
Oil and gas company PetroNor E&P said Monday that production from the Perenco-operated PNGF Sud field complex offshore the Republic of Congo (Congo Brazzaville), grew to 30,330 bopd in the first half of 2023.'This is equivalent to 5,105 bopd…
Norway-based Optime Subsea said Friday it had successfully tested and qualified a high-speed wireless communication system for the completion of subsea wells. 'The wireless communication system, part of Optime Subsea’s Remotely Operated Controls Systems (ROCS)…
Offshore drilling contractor Valaris said Wednesday it had recently secured offshore drilling rig contract wins and extensions worth about $150 million in total, the figure which does not include lump sum payments like mobilization fees and capital reimbursements…
Oil and gas companies are set to spend $58 billion on well intervention – a way to extract additional resources from an existing well instead of drilling a new one – in 2023, the Norwegian energy intelligence group Rystad Energy said.Rystad…
Kazakhstan's state energy company KazMunayGas KMGZ.KZ said on Tuesday that exploration drilling showed no hydrocarbons at the offshore Caspian Sea project Zhenis where it has been jointly working with Russian oil producer Lukoil LKOH.MM.Interfax news agency said…
Thirty-five years ago, on July 6, 1988, one of the offshore oil and gas industry's worst-ever disasters struck - the explosion of the Piper Alpha platform in the UK North Sea. To this day, the disaster is the worst ever in the industry by the number of lives lost…
Guyana's environmental regulator on Wednesday granted an Exxon Mobil-led consortium approval to drill 35 new offshore exploration and appraisal wells as the group looks to expand its production successes in the South American country.The wells will be drilled within the group's 6…
U.S. government officials repeatedly warned Exxon Mobil to avoid doing business with two mining magnates in Guyana, who face a U.S. investigation on suspicions of money laundering, drug trafficking and gold smuggling, according to five people…
Africa Oil Corp. has entered an agreement to increase its operated working interest (“WI”) in Block 3B/4B, located in the Orange Basin offshore South Africa and, the company says, on trend with the Venus, Graff, La Rona and Jonker oil discoveries in the nearby Namibia…
Norwegian offshore oil and gas producing firm Vår Energi has acquired Feistein CCS – a company specializing in maturing large-scale, cost-efficient CO2 storage opportunities, in a push to accelerate decarbonisation efforts through carbon storage…
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