Brazilian oil company Petro Rio said Tuesday it had found evidence of oil in the Maracanã prospect (3-PRIO-1-RJS well), which is located 6km southwest of Valente FPSO (ex-Frade FPSO).The primary target (Eocene sandstone), presented a column of 36 meters of oil…
Exxon Mobil Corp on Friday reported a record first-quarter profit that was more than double from a year ago and topped Wall Street estimates as rising oil and gas output overcame a pullback in energy prices from high levels.Oil companies are…
BP has agreed to buy rival giant Shell's 27% stake in the Browse joint venture, expanding its holding in Australia's largest untapped gas resource in a move that could improve the development prospects for the long-stalled project.The Browse project…
French oil major TotalEnergies has sued environmental group Greenpeace France and climate consulting firm Factor-X over a report claiming the company massively underestimated its 2019 greenhouse gas emissions, TotalEnergies said on Wednesday…
Italian offshore energy services firm Saipem has received from ExxonMobil the authorization to proceed with the final phase of its contract related to the delivery of subsea systems for the Uaru oil field development project in Guyana.In December 2022…
Dutch offshore survey services firm Fugro has won a contract to conduct an offshore geotechnical site investigation for Australia's offshore wind project Star of the South (SOTS), located off the coast of Gippsland southeast of Australia.Partly…
Three firms are vying to buy a minority stake of up to 49% in Iberdrola's 'Baltic Eagle' offshore wind farm off the German coast, newspaper Expansion reported on Friday, citing unidentified market sources.The top candidates for the transaction…
Malaysian FPSO leasing company Bumi Armada said Tuesday it had completed the sale of the Armada Claire floating production storage and offloading vessel. The FPSO was sold by Bumi Armada's subsidiary, Armada Balnaves.'The Armada Claire sale was on an “as is where is” basis…
South America's fastest growing oil producer has turned down the Indian government's request for discounted crude oil purchases during trade discussions, Guyana Vice President Bharrat Jagdeo said on Thursday.Guyana's oil production in total has tripled from a year ago to about 380…
On Friday, Australian oil and gas giant Woodside said that its Sangomar development project offshore Senegal was 82% complete and on target for first oil later this year. Once online, this will be Senegal's first offshore oil project in production…
Italian oil company Eni has extended the contract for Saipem's 7th-generation Santorini drillship for two years, starting in August 2023.According to Saipem, the extension is worth approximately 280 million dollars. 'To this amount will be added…
Norwegian shipyard Green Yard Kleven AS has secured a retrofit project with Brazilian offshore vessel owner Oceanica.This is the fourth contract signed with the same shipowner that includes the reactivation and rebuilding of offshore ships bought from Norwegian shipowners…
Surprise new cuts to the OPEC+ group's output targets could push oil prices towards $100 a barrel, setting the scene for another clash with the West grappling with higher interest rates, analysts and traders said.The decision signals unity within…
From the beginning of 2024, The Nautical Institute will require that all Dynamic Positioning Operators (DPO) and Dynamic Positioning Vessel Maintainers (DPVM) show evidence of Continuing Professional Development as well as experience in order to renew their certificate…
TotalEnergies is considering a bid for private equity-backed gas and oil producer Neptune Energy Group, Bloomberg News reported on Thursday, citing people familiar with the matter. The French company is among the suitors that have held early-stage talks with Neptune…
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