China National Offshore Oil Company (CNOOC) has started oil production from its Bozhong 34-9 offshore oil field.The field, sitting in the south of the Bohai Sea in water depth of 18 meters, will at plateau produce 22,500 barrels of oil per day…
Australia-based Searcher Seismic has completed its offshore Peru OpenSeis 2D & 3D seismic dataset as part of its offshore Peru multi-client campaign.The ‘Offshore Peru OpenSeis Seismic Dataset’ consists of both 2D and 3D vintage seismic data…
Oilfield services company John Wood Group, recently rebranded to Wood, has sold its industrial services business to Kaefer.London-listed Wood said the sale of the part of the business which provides integrity and fabric maintenance for assets…
Total Chief Patrick Pouyanne dismissed the idea it might buy its partner in East Africa and Guyana, Tullow Oil, whose share price slumped to 19-year lows in December over a string of bad news, stoking takeover speculation.Total is a partner…
BP's phase three of the $12 billion West Nile Delta project offshore Egypt will come online by the end of this year, nearly 12 months behind the earlier scheduled deadline, the company said in a conference call this week.The third phase includes the development of the Raven field…
National Oilwell Varco beat estimates for its fourth-quarter profit on Thursday, as the oilfield services provider cut costs to counter an ongoing decline in North American drilling activity. Lower crude prices and investor demand for higher returns have forced U…
India's D1 D3 offshore gas field, the country's first deepwater gas development to be brought online, has ceased production, Reliance and BP joint venture said Monday.The field, in Block KG D6 (KG-DWN-98/3), off the east coast of India, started producing gas in April 2009…
RockRose Energy has signed a deal to buy Speedwell Energy, a company owning a 100% stake in the Cotton gas field in the UK sector of the Southern North Sea. RockRose said Tuesday that the deal was 'for a limited initial consideration,' with…
Canadian international oil and gas production company Zenith Energy has established a Norwegian subsidiary - Zenith Norway - as a precursor to securing its first acreage off the country. Zenith said it intends to use Zenith Norway as a vehicle…
North Sea private equity-backed Chrysaor's talks to buy smaller regional rival Siccar Point have ended after a large gap between their price expectations, three sources close to the process said. The breakdown in negotiations highlights difficulties…
Oil and gas company Neptune Energy plans to speed up the process of making a discovery, cut exploration costs, and bring the oil finds online faster using a new digital subsurface program that will Neptune said the program's aim is to discover hydrocarbons 70% faster…
Algeria has definitely been excluded from Energean's pending acquisition of Edison E&P.The Greek oil and gas company in July last year agreed to buy Italy-based Edison's oil and gas subsidiary Edison Exploration & Production for an initial consideration of $750 million…
Brazil produced 1.018 billion barrels of oil in 2019, marking the first time the South American nation passed the billion-barrel mark for annual production, the national oil regulator said on Wednesday. In a statement, the regulator, known as the ANP…
Oil and gas exploration firm Edison has reportedly started drilling operations at its North Thekah concession offshore Egypt.According to what appears to be Edison's press release circulated online, Edison started drilling on January 18, 2020 in the Mediterranean Sea block…
Italian oil company Eni has produced first oil from its Agogo field offshore Angola, nine months after discovery.Eni brought the field online via the FPSO Ngoma located 15 kilometers from the oil field. The current output level is around 10…
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