The Norwegian Offshore Directorate (NOD) has put in focus a major undeveloped gas discovery in the Norwegian Sea that could offer significant value, but warned that time is running out to bring it into production.The Gro discovery, located about 160 km from the Åsta Hansteen field and 350 km west of Sandnessjøen, is one of the largest undeveloped gas finds on the Norwegian continental shelf.The Directorate…
Eni has made a gas and condensate discovery offshore Egypt, with preliminary estimates indicating about 2 trillion cubic feet of gas in place.The discovery was made at the Denise W-1 exploration well in the Temsah concession in the Eastern Mediterranean…
Dolphin Drilling, an Oslo-listed, Aberdeen headquartered offshore drilling contractor, has signed a letter of intent (LOI) for a potential new contract for its Paul B. Loyd Jr semi-submersible rig, which could keep the unit working through 2030…
India’s state-owned oil firm Oil and Natural Gas Limited (ONGC) has contained the fire that broke out at its SHP platform in the Mumbai High offshore field, with multiple workers sustaining minor injuries.The company said the incident occurred at around 17:45 local time on April 6…
Aker BP has started oil production from the Symra field in the North Sea nine months ahead of original schedule.The field is estimated to contribute approximately 63 million barrels of oil equivalent to the Eiga area.Symra is located approximately…
BW Energy has agreed a 25‑year extension of the Dussafu Marin production license offshore Gabon.Following an agreement with the Ministry of Oil and Gas of the Gabonese Republic, the license period has been extended from 2028 to 2053.The extended license provides long‑term visibility for production…
The current oil and gas crisis triggered by the blockade of the Strait of Hormuz is 'more serious than the ones in 1973, 1979 and 2022 together', Fatih Birol, the head of the International Energy Agency (IEA), told Le Figaro newspaper.'The world…
European energy majors TotalEnergies and Shell are among companies eyeing a majority stake in one of the U.S. Gulf's most promising sites, three sources with knowledge of the process said, as interest in North American energy prospects rises due to the Middle East conflict…
Indian refiners have purchased Iranian oil amid the Middle East conflict that has disrupted supplies through the Strait of Hormuz, the oil ministry said on Saturday.The world's third-biggest oil importer and consumer, India has not received a cargo from Tehran since May 2019…
Five European Union countries are calling for a windfall tax on energy companies' profits in reaction to rising fuel prices due to the Iran war, according to a letter from finance ministers to the EU Commission seen by Reuters on Saturday.The finance ministers of Germany…
Unmanned robotics services provider DroneQ Robotics and offshore support and vessel management Mark Offshore have struck a deal on the latter's new fleet addition 'R/V Mintis.' Mark Offshore manages and operates the DP1 ROV Support & Survey vessel…
Oil supply disruptions from the Middle East will rise in April and begin to impact Europe's economy as the closure of the Strait of Hormuz severely curbs supplies, International Energy Agency head Fatih Birol said on Wednesday.More than 12 million…
Oil and gas producer Energean is spending about $10 million a month to keep its shut-in Israeli offshore operations on standby, and its more than $1 billion Katlan project will be delayed if the Iran war lasts beyond May, its CEO told Reuters…
Shell is in advanced talks with Venezuela's government to develop four large areas near Trinidad and Tobago, in two of the South American country's largest offshore natural gas fields, two people familiar with the discussions said.The London…
The U.S. and Israeli war against Iran has changed the global market for liquefied natural gas (LNG), providing a boost to producers outside the Middle East that will likely last long after the current conflict ends.One of the major beneficiaries is Australia…
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