Austria's OMV started production at Abu Dhabi's SARB and Umm Lulu's offshore oil fields, expecting to produce 25,800 barrels per day by year-end, it said on Thursday.The gas and oil group took a 20 percent interest in the two oilfields off the United Arab Emirates under a $1…
Brazil's Petroleo Brasileiro SA will build its own oil platforms again from 2023, regardless of who wins the presidential election next month, an executive at the state-run oil company said.Petrobras' 2019-2023 business plan, set to be released in December…
Brazil's most productive field, the Lula, located in the offshore Santos basin, should hit peak production in 2020 or 2021, after reaching 1 million barrels of oil equivalent per day next year, an executive at Royal Dutch Shell said on Wednesday…
Fabrication and engineering specialists Francis Brown Limited delivered deck equipment fabrications for a global supplier specializing in subsea remotely operated equipment which is working on offshore wind farms in the North Sea.In less than 16 weeks…
Kongsberg Maritime has secured a contract worth approximately $13 million to equip a new heavy lift crane vessel for Offshore Heavy Transport (OHT) with an innovative technology suite. The vessel, a customized Ulstein Design & Solutions BV design…
Chartwell Marine announced the launch of the Chartwell 24, a brand-new crew transfer vessel (CTV) design for the international offshore wind markets. The catamaran design has been developed in conjunction with CTV operators, wind farm owners and turbine manufacturers…
Brazil's state-run oil company Petroleo Brasileiro SA said its oil and gas production in August totaled 2.47 million barrels of oil equivalent per day, attributing the 5.1 percent decline from the previous month to closures for maintenance.Petrobras…
Guyana has put planned oil auctions on hold as the impoverished South American country works to establish a Department of Energy to oversee the energy boom, Minister of State Joseph Harmon said on Monday.Since 1999, Guyana has awarded a group…
Subsea equipment specialist Ashtead Technology said it has completed a subsea installation monitoring project for Subsea 7 in support of Equinor’s Utgard development, located in blocks 15/8 (NCS) and 16/18a (UKCS) of the central North Sea.The contract…
U.S. oil producer Hess Corp has no intention to sell its assets in Asia as the region provides good, steady cash flow and a stable political environment, a senior company executive told Reuters on Tuesday.While the company sold assets in Thailand…
Swedish oil firm Lundin Petroleum expects to increase its resource estimate for the Alta discovery in Norway's Arctic region following a successful two-month production test.Finding significant oil reserves in the Norwegian Arctic has been challenging for oil firms…
Exxon Mobil Corp , Royal Dutch Shell Plc and other companies will gather on Friday in possibly their last crack at Brazil's coveted offshore oil for another four years, as a wide-open election spurs fears about barriers to foreign investment…
Offshore access solutions provider Ampelmann said it has won five new contracts for its Walk to Work (W2W) solutions in the offshore wind market over the course of September. These projects will see two A-type and three E-type systems installed on vessels operating in the North Sea…
French oil and energy group Total said on Monday it had made a major gas discovery on the Glendronach prospect, located off the coast of the Shetland islands in the North Sea.Total said preliminary tests on the new gas discovery confirmed good reservoir quality…
Africa-focused Tullow Oil will abandon its first well in Namibia, but data gathered in the project indicated it might strike lucky in another attempt, it said on Monday.'The Cormorant-1 exploration well in the PEL-37 licence, offshore Namibia…
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