A developmental drilling program in the producing Manora field offshore Thailand has been completed ahead of schedule, project partner Tap Oil announced on Tuesday.The first of the three wells was spudded on July 9 by the Ensco 115 jack-up drilling rig…
The U.S. Bureau of Ocean Energy Management (BOEM) as approved Equinor and Shell’s transaction announced in May 2019, whereby Equinor exercised its preferential right to acquire 22.45% interest in the Caesar Tonga oil field from Shell Offshore Inc for a total consideration of $965 million in cash…
Norway’s government will earn around NOK 265 billion ($30 billion) taxing and taking up stakes in its oil and gas fields in 2019, and Norwegian production is on the rise. In contrast, Britain in 2019 will earn about GBP 1.1 billion ($1.34 billion)…
Norwegian energy company Equinor and its partners have started oil production from the Mariner field in the UK North Sea, the operator said on Thursday.The Mariner field, located on the East Shetland Platform of the UK North Sea, approximately…
Power companies including Ørsted, Vattenfall, Innogy, SSE and Scottish Power and financial investors such as infrastructure and pension funds are active in UK offshore wind power, said Deloitte.Japan, China and other countries in Asia are also showing increasing interest in the market…
In a bid to maintain production rates but with less outlay, operators have been looking closer to home. Reducing costs and increasing efficiency have been high on the agenda. Should well intervention be higher?Well intervention, which can help increase production or restore shut-in wells…
Fluor Corporation announced that Stork, part of Fluor’s Diversified Services segment, was awarded a contract extension by Centrica Storage Limited to continue providing fabric maintenance and associated services for the company’s UK onshore and offshore oil and gas assets…
Canada has a well-established offshore history within the oil and gas sector, with the first offshore exploration carried out by Mobil in the Stable Island region in 1959. Today, the major areas of activity are within the Jeanne d’Arc Basin…
British wholesale gas prices rose on Tuesday morning as imports from Norway fell, creating undersupply.Within-day gas price up 1.30 pence at 31.20 pence per therm by 0809 GMT.Day-ahead gas price up 0.90 p at 30.50 p/therm.'Prompt prices are all up a bit on lower supply…
The iconic former coal-fired Ferrybridge Power Station in West Yorkshire has been demolished, before the official opening of Beatrice Offshore Wind Farm in the Moray Firth.A press release from the UK-listed energy company SSE said that the world’s…
Brazilian state-run oil company Petroleo Brasileiro SA, or Petrobras, posted a long-awaited production boost in July after a disappointing June, as it ramped up production in the promising offshore 'pre-salt' region.In a presentation to discuss record quarterly profits…
Anadarko Petroleum Corp, in its last earnings report before shareholders vote on its sale to Occidental Petroleum, on Friday reported a quarterly profit that topped analysts' estimates, as higher production offset lower prices for its oil.It…
Spanish energy company Repsol trimmed its full-year earnings outlook on Wednesday as lower oil prices and refining margins weighed on profits, but a share buy-back and better than expected results bolstered its stock.Repsol proposed buying and cancelling 5% of its outstanding shares…
Exxon Mobil Corp on Friday reported a 21% drop in quarterly profit, its third period in a row of weaker year-over-year results, as sharply higher oil production was offset by weaker refining and chemicals business.Shares slipped 1.6 percent to $71…
French energy giant Total will sell around $5 billion worth of assets, mostly from its upstream exploration and production business, as it seeks to focus on low breakeven projects that can weather weak oil prices, it said on Thursday.The company…
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