Africa-focused oil company VAALCO Energy on said it had started production from the Avouma 3H-ST development well that was drilled from the Avouma platform in the Etame field, offshore Gabon. The initial flow rate of the well was approximately 3…
Exxon Mobil Corp on Tuesday said it found oil in three new wells drilled off the coast of Guyana, raising recoverable oil and gas potential from its discoveries to nearly 11 billion barrels.The discoveries continue a run of exploration successes that date to 2015…
Malaysian state energy firm Petronas is seeing growing demand for gas as the world lifts COVID-19 restrictions and prioritizes energy security due to Russia's invasion of Ukraine, its chief of upstream operations told Reuters on Wednesday.Petronas…
Danish offshore drilling company Maersk Drilling has agreed to sell its jack-up rig drilling rig Maersk Convincer to ADES for $42.5 million in cash.The benign environment offshore drilling rig is expected to be delivered to ADES after the completion…
U-Ming Marine Offshore Company Limited (UMO) has acquired two secondhand crew transfer vessels (CTVs) and completed their reflagging.The company, a joint venture between U-Ming Marine Transport Corporation and World Marine Offshore A/S, said the vessels…
Morgan Stanley raised its third-quarter price forecast for Brent by $10 per barrel to $130 citing a 'greater deficit' this year due to lower supply from Russia and Iran, which is likely to outweigh short-term demand headwinds.'The oil market is contending with negative GDP revisions…
ROV maker Saab Seaeye said Monday it would present its new and extremely powerful and intelligent electric manipulator on Saab Seaeye’s Stand 1406 at the Ocean Technology Conference, Houston, 2 – 5 May 2022.'The pioneering breakthrough is Saab…
Dutch marine services and towage company KOTUG has agreed to buy offshore support vessel firm Seaways International, in what is the largest acquisition in KOTUG's history.KOTUG said the move, of an undisclosed value, was part of its strategy…
Brazilian oil company Petrobras has brought online the first two wells of the increased oil recovery (IOR) project at Roncador project offshore Brazil, almost five months ahead of schedule and at half of the planned cost, Equinor, Petrobras' partner in the project…
Oil and gas company ConocoPhillips has received license extensions for the production licenses in the Greater Ekofisk Area offshore Norway from 2028 to 2048. Ekofisk, Norway's first commercial offshore oil discovery made in 1969, was brought online in 1971…
U.S. oil firm Murphy Oil Corporation has started oil production from the Khaleesi, Mormont, and Samurai field development project in the deepwater section of the U.S. Gulf of Mexico.Production has started flowing this month from the Murphy-operated King’s Quay floating production system…
Asia's largest offshore jacket Haiji-1 was last week installed in the South China Sea by the Chinese offshore engineering and construction company COEEC.With a total height of 302 meters and 30,000 tons of weight exceeding the lifting capacity of the world's largest derrick barge…
Norwegian oil company Aker BP produced 208,200 barrels of oil equivalents per day (boepd) in the first quarter, up from 207,000 boepd in the previous three months, the company said on Wednesday.However, output remains below the company's guidance of 210…
A German company will next month switch on a floating solar power plant it has built on a quarry lake, a rapidly-installed, renewable technology it says could help wean the country off Russian fossil fuels.BayWa r.e. said on Monday the photovoltaic…
China's top offshore oil and gas producer CNOOC Ltd. is preparing to exit its operations in Britain, Canada, and the United States, because of concerns in Beijing the assets could become subject to Western sanctions, industry sources said.Ties…
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