Neptune Energy has received regulatory approval to drill a wildcat well in the North Sea, offshore Norway.Neptune will drill the well 33/6-5 S using the Deepsea Yantai drilling rig after it completes the drilling of development wells in production licence 636…
Exxon Mobil Corp sees its investments in Brazil's offshore helping the company achieve a goal of lowering carbon emissions in its oil and gas production, country head Juan Lessmann said on Wednesday.Exxon's board is considering a pledge to cut…
Shares in Woodside Petroleum fell on Wednesday after an unsourced media report said Australia's top independent gas producer was in talks to buy some or all of BHP Group's oil and gas assets, analysts and an investor said.Woodside shares ended down 2 cents in a broader market that rose 0…
Oil firm Rex International's subsidiary Lime Petroleum has signed an agreement with the Norwegian oil company Aker BP to acquire 20 percent in two offshore blocks in the North Sea. The transfer of the interests in the licenses PL867 and PL867B is pending regulatory approval…
Norwegian oil and gas company DNO has started drilling at the Gomez exploration well on the PL006C license offshore Norway.The well was spudded over the weekend using the Borgland Dolphin semi-submersible drilling rig. It will be drilled to a depth of around 3…
Dutch FPSO leasing specialist SBM Offshore said it has signed a letter of intent with Petrobras to lease and operate a newbuild floating production, storage and offloading unit (FPSO) at the Mero field in the Santos Basin offshore Brazil. SBM did not disclose financial details of the 22…
Japan has been largely forgotten as a source of demand for energy commodities, overshadowed by the rapid rise of China, but the country's new electricity generation targets will shake the market up.For many years Japan has been viewed as a largely…
Australian oil company FAR said Monday that it expected to complete the sale of its stake in the RSSD area offshore Senegal to Woodside in the coming weeks.FAR said Monday it had satisfied the condition precedent for the sale of its interest in the RSSD area…
Cable installation works have kicked off in East of Riding of Yorkshire to install 80 miles of cables for the first two phases of what will be the world’s largest offshore wind farm, Dogger Bank A and B, owned by SSE, Equinor, and Eni.The onshore cable installation project will include 3…
Maersk Supply Service reports winning a solutions project contract for the Libra Consortium in Brazil for the pre-lay of anchors to a newbuild FPSO in Brazil, a project integrating engineering, procurement, construction and installation (EPCI)…
Swedish oil firm Lundin Energy raised its full-year production forecast on Monday and said output had exceeded forecasts at all its key fields.The company now expects daily output for 2021 to average between 180,000-195,000 barrels of oil equivalent per day (boed)…
Private investment fund Remus Horizons which last week launched a conditional takeover offer for the Australian oil company FAR, eyeing its stake in the RSSD offshore area in Senegal, containing the Sangomar offshore oil development, is now backing out from the FAR pursuit…
Aberdeen-based well management company Zenith Energy has won a multi-year contract with Australian oil and gas firm Woodside Energy in Senegal.The agreement is for the provision of drilling and completion engineering and ad-hoc support services…
Norwegian oil and gas firm Equinor has drilled a dry exploration well near the Wisting discovery in the Barents Sea, offshore Norway.According to the Norwegian Petroleum Directorate, the exploration target of the well was to prove petroleum…
Portugal's Galp Energia will sharpen its focus on renewable energy and limit fossil fuel spending to already approved developments, resulting in a 20% cut in five-year capital expenditure, the company said on Wednesday.Oil and gas company Galp is following a broader trend…
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