UK-based oil and gas company has won three offshore licenses as part of the UK's 32nd Offshore Licensing Round. The round offered for award 113 license areas over 259 blocks or part-blocks to 65 companies.Premier Oil said that the blocks awarded were near its operated assets…
Chinese oil company CNOOC announced Friday the start of oil production from the Nanbao 35-2 oil field S1 area in the Bohai Bay, off China.Nanbao 35-2 oilfield S1 area is located in the central Bohai with average water depth of 17 meters. 'In…
Turkey expects gas suppliers to offer more competitive pricing and flexibility if they want to renew long-term contracts totaling 16 billion cubic meters a year, a senior energy ministry official said.More than a quarter of Turkey's long-term gas contracts expire next year…
Norwegian oil and gas firm Equinor is planning to drill new wells at its Martin Linge development in the North Sea, after discovering that several previously drilled wells do not have the necessary barriers and that bringing them online would not be safe…
Baker Hughes is pivoting to customers preparing for the transition to a low-carbon future, bolstering its footprint beyond oil and gas oilfield services, its chief executive said on Tuesday.The company will continue to downsize its oilfield services and equipment portfolio…
Activist investor Elliott Management is seeking to break up Noble Energy Inc's $5 billion sale to oil major Chevron Corp, a Bloomberg reporter tweeted on Wednesday.A notice posted on the U.S. Federal Trade Commission website on Tuesday showed the hedge fund had built a stake in Noble Energy…
Oil major Shell has kicked off production from its Fram gas and condensate field in the UK North Sea, two years after making a final investment decision for the project.The field, discovered in 1969, is located around 221 kilometers (137 miles)…
Norwegian company Equinor and the British oil giant BP have entered into a strategic partnership to develop offshore wind projects in the US. Under the agreement, BP will buy a 50% stake in Equinor's Empire Wind and Beacon Wind assets on the…
Greek gas grid DESFA, 66%-owned by a consortium led by Italy's Snam, is interested in buying a stake in an offshore liquefied natural gas (LNG) terminal in northern Greece, people familiar with the matter said on Tuesday.DESFA is considering…
Malaysian FPSO provider Yinson has ordered a large marine compressed air system from TMC for the FPSO Anna Nery, which currently under construction in China, and destined for Petrobras' Marlim revitalization project in Brazil.TMC's compressed…
Malaysia's SapuraOMV Upstream on Thursday announced stable production from its Bakong gas field project under the SK408 Production Sharing Contract (PSC), offshore Malaysia.'The production phase started in June 2020. This follows the successful…
From today, the Oil Companies International Marine Forum (OCIMF) is including a remote vessel inspection option as a temporary tool within its Offshore Vessel Inspection Database (OVID), the inspection protocol for offshore vessels. The option…
Norwegian energy giant Equinor has signed a multi-year deal with supercomputer group DUG Technology, covering seismic processing and imaging technology.Under the agreement, DUG says, Equinor will replace existing third-party technology with an integrated solution using DUG McCloud…
Ireland's PSE Kinsale Energy has hired Stena Drilling's Stena Spey semi-submersible drilling rig for a decommissioning campaign at the Kinsale field offshore Ireland.To remind, Kinsale area offshore gas fields in the Celtic Sea officially ceased production last month after more than 40 years online…
An offshore natural gas pipeline that serves four major U.S. Gulf of Mexico production platforms remained out of commission on Monday, pipeline operator Enbridge Inc said, following Hurricane Laura's destructive path through the area.Energy…
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