Italian energy services group Saipem said on Wednesday it would launch a planned 2 billion-euro ($2.10 billion) rights issue from June 27 as it strives to bolster its finances and re-focus its business after a surprise profit warning in January…
The leader of a union representing Norwegian oil workers said she would recommend to members a wage deal the union struck with oil companies as it was 'good enough', she told Reuters.Two of three unions that negotiated the agreement last week…
UK North Sea-focused oil and gas company Tailwind said earlier this week that successful well intervention had been completed at the Dana-operated Bittern Field.The Bittern field produces oil via the Triton FPSO, located in block 21/30, approximately 120 miles east of Aberdeen…
Oil and gas company Empyrean Energy, which recently suffered a disappointment when its closely watched 'world-class' Jade offshore well in China came up dry, said Friday it had decided to give it another go and drill the Topaz well, located in the same Block 29/11…
Houston-based APA Corporation on Tuesday announced its joint venture with France's TotalEnergies has made an oil discovery at the Krabdagu exploration well off the coast of Suriname.APA has a 50% working interest in Block 58 where the oil discovery was made…
Chevron Chief Executive Michael Wirth on Tuesday rebutted White House officials' criticism of the oil industry over energy costs, saying bringing down fuel prices will require 'a change in approach' by the government.The White House asked the…
Offshore drilling contractor Transocean has won a contract extension with Equinor for the harsh environment semi-submersible drilling rig Transocean Spitsbergen for work offshore Norway.Equinor has added nine more wells to the rig contract, and two one-well options…
UK-based subsea services company Modus has commissioned its control room in Darlington, England, from which it can operate subsea hybrid autonomous underwater vehicles.The subsea robotics company said the launch was the culmination of a £24 million (around $29…
Corio Generation, a recently established offshore wind branch of Macquarie's Green Investment Group (GIG), is planning a major new offshore wind project in Australia, named Great Eastern Offshore Wind.If approved for construction following ongoing…
Equinor has made an oil and gas discovery Skavl Stø, an exploration well 7220/8-3, in the Johan Castberg area.The well was drilled five kilometers south-southeast of the discovery well 7220/8-1 210 kilometers northwest of Hammerfest in the production licence 532…
U.S. oil company ConocoPhillips and Polish firm PGNiG last Friday received consents from the Petroleum Safety Authority Norway to drill their respective exploration wells offshore Norway.ConocoPhillips received approval to drill the Lamba exploration well in block 25/7 in the North Sea…
The region could be a key growth market for the oil and gas industry going forward, writes Joshua Belo-Osagie, Maritime Strategies International (MSI).Improving sentiment surrounds energy market prospects offshore West Africa, the positive mood underpinned by higher oil prices…
Norway's minority government will remove three Arctic oil exploration blocks from its licensing round as part of a deal with the opposition to secure backing for its 2022 budget.The Norwegian oil industry lobby said it was disappointed by the…
Offshore drilling contractor Seadrill announced Wednesday that Karen Boesen has resigned from its board of directors effective June 17, 2022.Boesen informed the company that she had no disagreement with the company on any matter, including its business…
With a third of Norway’s oil and gas on its books, state-owned Petoro has a unique perspective, from the macro right down to drainage strategies.Today, Petoro VP Licence and technology Kjell Morisbak Lund sees that the industry has many difficult challenges…
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