Lukoil had agreed to sell most of its foreign assets, estimated to be worth around $22 billion, to U.S. private equity firm Carlyle Group pending approval from the U.S. government, Russia's No. 2 oil producer said on Thursday.Under U.S. sanctions because of Russia's actions in Ukraine…
Bulgaria's state-owned energy group Bulgarian Energy Holding will acquire a 10% stake in oil and gas exploration rights for the Han Asparuh block in the Black Sea, the government said on Wednesday.The Council of Ministers approved the deal, allowing BEH to buy 5% each from OMV Offshore Bulgaria…
Greece agreed on Friday to import 700 million cubic metres of U.S. liquefied natural gas per year starting in 2030 in its first long-term deal with Washington, which seeks to replace Russian supplies to Europe.The 20-year deal aims to boost U…
Lukoil's international operations faced mounting disruptions on Friday as a U.S. deadline for companies to cut off business with the Russian oil company looms and after a hoped-for sale of the operations to Swiss trader Gunvor collapsed.The U…
Norwegian shipbuilder Vard has secured an order from U.K.’s largest shipowner and operator North Star for the construction of two hybrid Service Operation Vessels (SOVs).The contract represents the ninth and tenth vessel ordered by North Star from VARD…
OMV Petrom and NewMed Energy, the partners in Han Asparuh block in the Black Sea, have hired Noble Corporation’s Globetrotter I ultra-deepwater drillship to drill two exploration wells offshore Bulgaria.The two wells will be drilled on the Han-Asparuh Block…
Norwegian shipbuilder Vard has signed a contract for the design and construction of two Commissioning Service Operation Vessels (CSOVs) for an undisclosed international customer.The agreement, valued between $115 million and $230 million, also has an option for one additional vessel Vard said…
OMV Petrom and NewMed Energy, the partners in the Bulgaria's Han Asparuh offshore block in the Black Sea, have reached the decision to drill an exploration well in the Krum Prospect.The drilling of the exploration in Krum prospect, named Krum-1…
Oil and gas company OMV Petrom has signed the commercial contract with the Republic of Moldova for the delivery of gas from Neptun Deep field in the Black Sea.The signed contract provides for the supply of natural gas for three years to the virtual trading point (VTP) in Romania…
OMV Petrom and Romgaz have spud of the first well for development and production of the Pelican South and Domino natural gas fields in the Neptun Deep block as part of the drilling campaign being conducted with Transocean’s Transocean Barents rig in the Black Sea…
Texas-based oilfield services provider Expro has secured major contracts from OMV Petrom, totaling more than $10 million, for the Neptun Deep gas project in the Black Sea.The contracts involve Expro’s subsea landing string (SSLS), SeaCure cementing technology…
OMV Petrom, the largest integrated energy producer in Southeastern Europe, has closed the farm-down transaction with NewMed Energy, forming an equal partnership for the exploration of Bulgaria's Han Asparuh offshore block in Black Sea.The transaction…
On a frigid morning on the Black Sea the sun is glaring into the quiet navigation room of the massive semi-submersible drilling rig Transocean Barents, anchored in Romania's Constanta port.In a matter of weeks, the rig - known as the Mighty…
Norwegian shipbuilder Vard has marked the start of construction of Island Offshore’s hybrid power ocean energy construction vessel (OECV) at its shipyard in Romania.Vard secured the order for the vessel, named Island Evolution, from Island Offshore back in May 2024…
Vard has delivered a new cable laying vessel (CLV) to Denmark’s subsea specialist NCT Offshore less than two years after the contract was signed.The newly delivered vessel, based on the VARD 9 01 design, has been specially designed and equipped for subsea cable laying operations…
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