CGX Resources has exercised an option to drill one more exploration well offshore Guyana using Maersk Drilling's Maersk Discoverer drilling rig, the Danish drilling firm has confirmed.CGX, which started drilling a week ago at its first well…
Offshore drilling firm Valaris has secured contracts with Shell Namibia Upstream B.V. and Shell Sao Tome and Principe B.V. offshore Namibia and Sao Tome and Principe, respectively, for its drillship VALARIS DS-10.The contracts for the 2017-delivered offshore rig are each for one well…
BW Offshore, an Oslo-listed firm best know for its FPSO leasing business in the oil and gas sector, said Wednesday it had, together with U.S. renewable energy and utility company Invenergy, submitted bids to develop up to 5.4 gigawatts of offshore…
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…
Insurers are bracing for a hit of about $1 billion from physical damage to offshore rigs and structures from Hurricane Ida, according to preliminary estimates from U.S. property data and analytics company CoreLogic.The estimate did not include…
- U.S. Gulf Coast energy companies on Friday advanced the recovery from Hurricane Ida on a few fronts, but slipped elsewhere as lack of crews, power and fuel reversed earlier production gains.Ports were reopening and some pipelines restarted as companies completed post-storm evaluations…
The U.S. Coast Guard is investigating damage to a Noble Corp drillship hit by Hurricane Ida while operating in the Gulf of Mexico, a spokesperson said on Thursday.Nine crew members suffered minor injuries when the storm hit on Sunday, Noble said…
U.S. energy companies on Thursday began airlifting workers from Gulf of Mexico oil production platforms and moved vessels from the path of what could become a devastating hurricane by the weekend.A storm is brewing in the Caribbean Sea and is…
Woodside Petroleum said on Friday it is working with other companies on a plan to replace a proposed Australian government levy that would make offshore producers pay for the clean up of an abandoned oilfield in the Timor Sea.The government…
Black Sea Oil & Gas (BSOG) is pressing ahead to be the first company to tap Romania's offshore gas fields despite a disputed tax that has stymied other projects, but if the levy remains it could impact its operations in the country, its chief executive said…
Hurricane Ida pummeled U.S. Gulf Coast energy suppliers, knocking out most of the region's offshore wells and nearly half its motor fuel production and drove prices broadly higher.The storm crashed on Sunday into the Louisiana coast, tearing through U…
Australia’s parliament last week passed legislation under which the government will be able to make offshore license owners pay for decommissioning and environmental remediation if they sell their offshore blocks and the new owner is then unable to meet its financial obligations…
Energy companies' efforts to get workers back to production platforms and refineries to make repairs after Hurricane Ida lashed Louisiana are being stymied by the extent of infrastructure damage from the storm, executives said.Hurricane Ida tore through the U…
The U.S. Coast Guard said on Wednesday it is responding to a drillship that reportedly sustained damage as Hurricane Ida ripped through the Gulf of Mexico and into Louisiana as a Category 4 storm.The agency said it was notified during the storm…
After the Biden administration on Tuesday said it would resume oil and gas lease sales, paused since January, National Ocean Industries Association (NOIA) said the move was good news for jobs and government revenues, and 'in no way a setback for climate progress…
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