UK North Sea-focused oil and gas company Serica Energy has appointed Andy Bell as Chief Financial Officer and a director of the company.Bell, 69, joined Serica in 2017 as VP Finance after previously providing financial consultancy services to Serica…
Mexican state oil firm Petroleos Mexicanos (Pemex) said on Monday that it has resumed 421,000 barrels per day in oil production and brought back online 125 wells following a deadly fire at an offshore platform on Aug. 22.The accident in the…
Norwegian oil firm Equinor said Monday it had brought online one of its most profitable projects ever, Troll phase 3 project in the North Sea, offshore Norway. Production started on Friday, August 27, at 9.25 pm.According to Equinor, the project…
Oil producer EnQuest on Thursday warned that annual output would be at the lower end of its previously forecast range, primarily owing to declines at its Magnus field in the UK North Sea, sending its shares down more than 7%.Production activity…
Oslo-listed offshore vessel operator DOF Subsea has secured a 6-month extension to a contract in Africa.The company said that the project, with an unnamed client and at an undisclosed location, would continue using the Skandi Seven throughout the extended duration…
Chinese national offshore oil and gas company CNOOC has started production from its Bozhong 26-3 oil field expansion project in the south of Bohai Sea, The field is located in an area with an average water depth of around 21 meters. 'In addition to fully utilizing the existing processing facilities…
Near-term prospects for the deepwater sector are excellent. That’s the conclusion of an in-depth market analysis of the floating production market just completed by IMA/WER in the August 2021 Floating Production Systems Report.Asked what is driving the positive sentiment…
There are only 15 km (9 miles) left to finish the Nord Stream 2 gas pipeline from Russia to Germany that bypasses Ukraine, Russian President Vladimir Putin said on Friday.The $11 billion project doubling the capacity of the first Nord Stream…
Canadian-based firm Frontera Energy and CGX Energy have started drilling at the Kawa-1 exploration well, offshore Guyana, using Maersk Drilling's Maersk Discoverer semi-submersible drilling rig. Also, the firms have exercised the option to drill a second well with the rig…
Qatar Petroleum (QP) has set the term price for al-Shaheen crude cargoes loading in October at $2.62 a barrel above Dubai quotes, the lowest premium in two months, several trade sources said on Wednesday.The price was set after QP sold three cargoes via a tender at premiums ranging from $2 to $2…
Santos Ltd expects its planned takeover of Oil Search, creating a A$20 billion ($15 billion) company, will help the combined group weather the energy transition better than if they remained separate.The companies agreed an all-scrip deal earlier…
Woodside Petroleum Ltd, Australia's top independent gas producer, said on Wednesday it had raised the cost estimate for its Scarborough project by 5% as it worked towards a final investment decision this year.Woodside has pinned its hopes on Scarborough…
BP boosted its dividend and share buybacks on Tuesday, sending its shares up by over 5%, after beating expectations with a $2.8 billion second-quarter profit powered by higher oil prices and recovering demand.The strong results, underpinned by higher sales at petrol stations…
Malaysian oil and gas firm Petronas said Friday that Petrofac had brought online the East Cendor field in Block PM304, 40 kilometers offshore Peninsular Malaysia.The field was developed by Petrofac as the operator and Kuwait Foreign Petroleum Exploration Company and Petronas Carigali as partners…
The U.S. Coast Guard will next week hold a formal public hearing to consider evidence related to the April 2021 capsizing of the liftboat Seacor Power and the death of 13 of its 19 crewmembers in the Gulf of Mexico.The Seacor Power liftboat capsized…
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