Offshore drilling contractor Borr Drilling has received a notice from the New York Stock Exchange informing it that the company is not in compliance with the continued listing standard.The notice is related to the minimum average share price…
In 1973, Arab members of the Organization of Petroleum Exporting Countries brought the U.S. economy to its knees. Now, the cartel created 60 years ago is more likely to do Washington's bidding.Since Saudi Arabia and other Arab OPEC members imposed their famous oil embargo as retribution for U…
If 2020 had been anything close to a normal year, the oil and gas industry would have just wrapped up its annual gathering in Singapore, most likely reassured of its ongoing essential role in humanity's future.But this is far from a normal year…
Danish offshore drilling company Maersk Drilling has won a long-term contract extension for its jack-up rig Maersk Convincer with Brunei Shell Petroleum in Brunei.Brunei Shell Petroleum has exercised its contract extension option that will see the jack-up drilling unit extend its stay in Brunei…
Shell has completed its farm-in into Egdon Resources' North Sea licenses containing the Resolution and Endeavour gas discoveries, Egdon said Tuesday.Following the initial farm-in agreement struck in January, the UK Oil and Gas Authority has…
Oil and gas company Apache, with its partner Total, is on the hunt for its fourth offshore oil discovery in Suriname.The company has this year announced discoveries at Sapakara West, and Maka Central, and most recently, Kwaskwasi well - all in Block 58…
Bursa Malaysia-listed offshore services company Dayang has won a contract with Shell in Malaysia for the provision of 'topside major maintenance services.'Dayang will provide the services for Shell's Malaysian subsidiaries Sarawak Shell and Sabah Shell Petroleum…
Turkey could save up to a whopping $21 billion in gas import costs with the development of it recently hit Tuna-1 gas discovery in the Black Sea, Norwegian energy intelligence firm Rystad Energy has estimated.As previously reported, Turkish…
Woodside-operated North West Shelf (NWS) LNG project in Australia could have up to 7 million tonnes per annum (mmpta) of spare capacity available by 2027. This equates to 40% of the project’s nominal capacity, energy intelligence firm Wood Mackenzie said in a report this week…
German utility Uniper on Tuesday warned it may have to impair a loan provided to the planned Nord Stream 2 gas pipeline if the project collapses in the face of U.S. sanctions.'With the U.S. intensifying their efforts on targeted sanctions against…
Gulf of Mexico operator Talos Energy has clarified that its business will in no way be affected by President Trump's executive order extending moratorium on oil and gas operations in certain areas of the Gulf of Mexico and the Atlantic.The U…
Australian oil and gas giant Woodside has signed binding agreements with Cairn for the acquisition of Cairn's 40 percent interest in Woodside-operated offshore oil blocks in Senegal.The firm deal, announced Friday, comes after Cairn had in July agreed to sell its interest in the Rufisque Offshore…
After years of expensive carbon capture and storage (CCS) studies and test centers, Europe has now reached a phase where large-scale CCS developments make sense financially, Norwegian energy market intelligence group Rystad Energy has said.In a report on Monday…
BP and Shell on Friday said they had begun evacuating offshore oil facilities as two tropical cyclones head toward the U.S Gulf of Mexico, with the already active 2020 Atlantic hurricane season heating up further.BP said it had begun the process…
Norwegian energy giant Equinor has signed a multi-year deal with supercomputer group DUG Technology, covering seismic processing and imaging technology.Under the agreement, DUG says, Equinor will replace existing third-party technology with an integrated solution using DUG McCloud…
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