Oil and gas company Neptune Energy has stopped a drilling operation in the Norwegian Sea after COVID-19 cases identified aboard the offshore drilling rig West Phoenix.The Seadrill West Phonix semi-submersible drilling rig is currently on assignment for Neptune in the Norwegian Sea…
Hedge funds' oil trading largely dried up last week as the normal summer holiday slowdown was compounded by an absence of price or fundamental signals about the future direction of the market.Hedge funds and other money managers purchased the…
Rising OPEC and U.S. oil supply, coupled with stalled economic and crude demand recovery, have pushed the futures market structure back to indicating a surplus, last observed during oil's collapse in April and May amid the coronavirus pandemic…
ConocoPhillips said on Thursday it expects production curtailments in the current quarter to be roughly half as much as last quarter and will restore most of its output by the end of September, after the oil and gas producer slashed about a third of its output in April as oil prices plunged 41%…
Israel's Delek Drilling said on Wednesday it will pay an average interest of 6.28% in a $2.25 billion international bond offering to help it finance the development of the Leviathan natural gas project off Israel's Mediterranean coast.Following a roadshow…
Seismic surveyor TGS, a supplier of geological data to the global oil industry, on Thursday said it had made an unsolicited cash offer of $600 million for a key part of rival PGS.If successful, the offer to buy PGS's so-called multi-client library…
Vard Marine (VARD) is doubling down on the U.S. offshore wind sector, having recently secured ABS Approval in Principle (AIP) for a second Jones Act service operation vessel (SOV) design.The AIP awarded in June 2020 is for a customized version…
Australian offshore oil and gas safety regulator NOPSEMA has accepted Shell's offshore project proposal for the development of the Crux gas field in the Browse Basin, off the north coast of Western Australia.Consisting of a normally unmanned platform and five production wells…
Equinor has short-listed four internal candidates to succeed Chief Executive Eldar Saetre who is likely to announce his departure within the next few months, a source familiar with the process told Reuters.The candidates have been asked to present…
UK-based offshore engineering company TSG Marine is working to bring Zoono, a revolutionary molecular layer that kills microbes for up to 30 days on sprayed surfaces, to offshore oil and gas platforms, in an effort to reduce COVID-19 infection risk…
The U.S. oil major ExxonMobil has recently discovered two more high-quality oil reservoirs offshore Guyana, Hess, the company's partner in the prolific Stabroek block said Wednesday.To remind, back in January, ExxonMobil said it had struck its 16th oil discovery in the offshore block in Guyana…
Equinor on Friday reported a drop in second-quarter operating profit but a strong performance from its refinery and trading business helped to counter a coronavirus-led slump in oil and gas prices allowing the group to beat forecasts.The Norwegian…
Australia's Woodside Petroleum said on Tuesday it is considering blocking Russia's Lukoil from becoming a partner in the $4.2 billion Sangomar oil project, which it could do by increasing its stake in Senegal's first oil development.Woodside…
ADIPEC, one of the world's largest oil and gas events held in Abu Dhabi, will this year take place online due to the COVID-19 pandemic.More precisely, the exhibition part of the event held annually for over 30 years will be moved for 2021, but the conferences will be held online…
Russian oil company Lukoil has signed an agreement with Cairn Energy to acquire a 40% interest in the Rufisque, Sangomar and Sangomar Deep) - RSSD - project offshore Senegal for $300 million in cash. The agreement also provides for potential…
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