Qatar Petroleum has won exploration rights in five offshore blocks in Argentina as part of two consortia, the company said in a statement on its website.The consortium for three blocks in the Malvinas West basin is made up of an ExxonMobil affiliate with a 70 percent interest…
Israel's Delek Group is close to clinching Chevron's oil and gas fields in the British North Sea, which have a price tag of around $2 billion, sources familiar with the matter told Reuters.Delek, via its North Sea oil and gas operator Ithaca Energy…
Deepwater drilling is back and targeting ever deeper waters, from South Africa to Pakistan.Deepwater exploration is starting to get serious, again. If fact, French oil major Total is lined up to drill what will be a new deepwater drilling record later this year…
French energy major Total said its net profit for the first three months of the year fell 4 percent to $2.8 billion compared with a year ago due to volatile oil prices and debt costs, despite record oil and gas output.The firm kept its investments…
Norwegian geoservices company Shearwater GeoServices has been awarded a multi-project marine seismic 3D and 4D acquisition contract by Anglo-Dutch energy giant Shell.The contract covers four separate surveys; three in the North Sea and one off the coast of Western Australia…
The MacArtney Group has launched its latest connectivity series, TrustLink Metal Shell Connectors, now in stock across the globe.The TrustLink (MS) series includes cutting-edge power and signal connectivity solutions for critical subsea and offshore applications…
UK-based crew transfer specialist High Speed Transfers (HST) announced that its second new high-speed crew transfer vessel HST Sofia will be contracted by Shell to support its exploration program in the Black Sea commencing March 2019.The FCS 2710 vessel…
Angola's state oil company Sonangol plans to divest 52 joint ventures, reduce staff and focus on its core business, part of an ongoing reorganization and package of reforms designed to lure back investors, its chairman said on Friday.'We are going to sell…
Oil prices jumped more than 2 percent on Monday to a near six-month high, on growing concern about tight global supplies after the United States announced a further clampdown on Iranian oil exports.Washington said it will eliminate in May all…
1000 km of the Nord Stream 2 pipeline has now been laid in the Baltic Sea in Finnish, Swedish and German waters.Two Allseas pipelay vessels - Pioneering Spirit and Solitaire - are currently installing the pipeline in Swedish waters.Some twenty…
One of the key Russian officials to foster a supply pact with OPEC, Kirill Dmitriev, signaled on Monday Russia wanted to raise oil output when it meets with OPEC in June because of improving market conditions and falling stockpiles.Dmitriev…
Currently one in every five barrels produced in the United States comes from the Gulf of Mexico (GoM), and 88% of that output flows from reservoirs in water depths greater than 500 feet.In 2016 the GoM produced 575 million barrels of oil, and in 2017 621 million barrels…
Germany's largest crude oil and natural gas producer Wintershall won the bidding process for two blocks in the promising Malvinas Basin off the coast of Tierra del Fuego as part of the “Costa Afuera” licensing round.In addition to the CMA-1 exploitation concession…
Chrysaor has reached a deal to acquire ConocoPhillips’ oil and gas exploration and production assets in the UK for $2.675 billion, the companies announced on Thursday.Full-year 2018 production and year-end 2018 proved reserves associated with the assets being sold were approximately 72…
Norwegian oil company Okea, partly owned by Thailand's Bangchak Corporation and private equity firm Seacrest Capital, announced plans on Thursday for an initial public offering on the Oslo stock exchange this year.Okea said it had hired investment banks Pareto Securities…
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