Bahamas Petroleum Company, an oil firm with assets in the Bahamas, and as of recently offshore Uruguay, is set to merge with Trinidad-focused Columbus Energy Resources.The boards of directors of the two companies on Thursday said they had reached…
Oil and gas firm Bahamas Petroleum Company, expected to spud its first well offshore the Bahamas later this year, has expanded its portfolio.The company on Tuesday said it has been awarded the AREA OFF-1 petroleum licence offshore Uruguay. According to Bahamas Petroleum…
London-listed oil and gas company Cairn Energy has said that its Chairman Ian Tyler has informed the company of his intention to retire.'Cairn announces that its Chairman, Ian Tyler, has indicated to the Board that, having served on the Board for seven years…
Offshore services provider Oceaneering has said that its Remotely Operated Survey (ROS) group has completed an Integrated Rig Services campaign Apache.Oceaneering was contracted by Apache Corp. in June 2019 to provide Integrated Rig Services on the Noble Sam Croft drillship…
Following the double whammy of the collapse in the oil price and the COVID-19 pandemic, exploration plans are being redrawn and the well count is expected to drop by as much as 35% on 2019 levels.At the start of the year, the high impact well…
Newly licensed offshore oil and gas exploration acreage is likely to fall by about 60% and onshore acreage by 30% compared with 2019 levels, Rystad Energy has said, as the Norwegian energy market analytics company expects more than half of the…
U.S. oil company Apache has said it has made a significant oil discovery at the Sapakara West-1 well drilled offshore Suriname on Block 58. This is the company's second large oil discovery in the country this year. The first was struck in January…
Offshore drilling contractor Noble Corporation has backtracked on its 2020 guidance announced in February, citing the recent sharp decline of oil price due to the oil oversupply and drop in demand caused by COVID-19, as the reason.Noble Corp…
Guyana and Namibia focused oil and gas company Eco Atlantic has said that its board and management have agreed to voluntary pay cuts of up to 40 percent, in the wake of the situation with the coronavirus and the low oil prices.The company has…
U.S. oil company Hess Corporation has cut its capital and exploratory program in response to the sharp drop in oil prices, affecting both onshore and offshore drilling programs. The company said Tuesday it would reduce its capex to $2.2B from previously proposed $3 billion…
The U.S. oil major ExxonMobil has signed a framework agreement with offshore drilling contractor Noble Corporation to extend the contracts for the three drillships currently operating for Exxon in Guyana, and potentially add more work and more rigs…
Offshore marine transportation firm Harvey Gulf International Marine says it has been able to achieve success in the turbulent offshore market by constantly reinvented itself to fit the industry demands.Never afraid to shake things up, Harvey…
Global oil firms are preparing to spend more than $53 billion in Guyana’s coveted Stabroek Block during the coming decade.According to Rystad Energy research, recent discoveries in the Guyana-Suriname basin have proven a wider petroleum system and may cause an upgrade in resource estimates…
Offshore discoveries accounted for more than 60% of global discoveries in 2019, up significantly on previous years, according to a study by GlobalData.GlobalData report reveals that while Colombia and Norway saw the highest number of discoveries drilled in 2019…
The energy companies that own Israel's offshore Leviathan gas field are seeking partners to build a floating liquefied natural gas (FLNG) platform and possibly to explore for oil in ultra-deepwater, a CEO from the group said. Leviathan, one…
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