The withdrawal from Norway’s offshore sector of ExxonMobil appears to be underway, and the development to some looks like the start of a pullout of “international oil majors” from a sector dominated by stately player, Equinor.True, ExxonMobil’s departure is symbolic…
Maritime Developments (MDL) said it has been awarded a follow-up flexible and umbilical installation job offshore West Africa.The work scope is a continuation of the EN-09 project, concluded in April 2019. The project is run by DeepOcean Ghana…
Oilfield services companies are in bullish mode. They are now able to raise prices for their products and services, after several years of gloom.“Oil and gas investments are on the rise, and so too is the pricing power of service companies. After losing pricing power in 2015 and 2016…
US-based LLOG Exploration announced on Tuesday that it has started production from the large-scale deepwater Buckskin project in the US Gulf of Mexico. Buckskin, which is located on Keathley Canyon blocks 785, 828, 829, 830, 871 and 872 in approximately 2…
ExxonMobil is considering selling all of the stakes it holds in oil and gas fields off the Norwegian coast, a spokeswoman said.Two years ago the U.S. major – the world's largest oil company – sold its operated assets in the area. But it has retained stakes in more than 20 other fields…
French oil major Total SA said on Thursday it would cut 200 jobs in Denmark as part of the redevelopment of the Tyra gas fields in the North Sea.Total, which bought A.P. Moller-Maersk's oil and gas business in 2017, will shut production at the…
Since the idea of floating liquefied natural gas (FLNG) was first mooted the landscape of the oil and gas sector has changed dramatically. When Shell finally pressed the go button for its Prelude FLNG project offshore Australia back in mid-2011…
Norwegian oil firm Okea predicts all oil majors, except Norway's Equinor, will leave the Norwegian continental shelf in 10 years, opening up opportunities for smaller, independent firms, its chief executive said on Tuesday.The British and Norwegian sections of the North Sea…
The outlook for West Africa’s offshore oil and gas market remains positive despite some hiccups hinged on delay by some countries in the region to align their hydrocarbon regulations to prevailing market trends and the intensifying global competition…
Partners in the Sleipner field will disclose datasets from the world's first offshore carbon capture and storage (CCS) plant, in a push to advance innovation and development on the field of carbon dioxide (CO2) storage, Norwegian energy company Equinor announced on Wednesday…
Israel's Delek Drilling hopes to begin commercial sales of natural gas to Egypt by the end of the month, a senior company executive said on Sunday.Delek Drilling and its partner Noble Energy signed a landmark deal early last year to export $15…
Mexico's independent oil regulator on Tuesday approved deepwater exploration plans for five areas operated by Royal Dutch Shell Plc in Mexican waters near the U.S. maritime border.The plans commit the Anglo-Dutch oil major to invest at least $397 million over the next four years…
Oil and natural gas producer W&T Offshore has discovered oil at the Gladden Deep prospect in Mississippi Canyon block 800 in the deepwater Gulf of Mexico.W&T is operator of the well, which is one of 14 planned for the drilling program under the Monza JV…
Oil and gas producer Occidental Petroleum Corp said on Tuesday the U.S. Federal Trade Commission has granted approval for its proposed $38 billion deal to buy Anadarko Petroleum Corp.The waiting period required for companies under the Hart-Scott…
Israel's Delek Group moved closer to listing its Ithaca Energy subsidiary on Thursday by buying most of Chevron's British North Sea oil and gas fields for $2 billion.Under pressure from a fall in oil prices to near 14-year lows of $26 a barrel in 2016…
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