Oil extended gains by around 2% on Wednesday as President Donald Trump reimposed a naval blockade on all Iranian ports and Iran's Islamic Revolutionary Guard Corps threatened to close 'all other export corridors that benefit the U.S. and its allies'…
Oilfield services firm Halliburton has been awarded integrated drilling and completions contracts for the GranMorgu deepwater development offshore Suriname, operated by TotalEnergies.The long-term agreement covers drilling and completions services for the project…
DeepOcean has completed subsea decommissioning work at Spirit Energy's Seven Seas and Grove West fields in the southern North Sea, recovering a subsea wellhead protection structure and disconnecting subsea infrastructure ahead of a planned rig campaign…
Sunda Energy has submitted an application for a new petroleum exploration permit covering an offshore area of New Zealand's Taranaki Basin as the company expands its focus on gas opportunities in the country.The proposed permit covers approximately…
Aberdeen-headquartered well integrity and decommissioning specialist Unity has entered the Asia-Pacific market after securing its first regional contract in partnership with Malaysian oilfield services company Reservoir Link.The companies will…
BP expects its oil trading result to be slightly higher in the second quarter after an exceptionally strong first quarter, as it continues to profit from a surge in oil prices caused by the Iran war.The British major flagged higher oil realizations…
Oil prices rose on Tuesday to their highest in four weeks, as the U.S. reimposed a naval blockade of Iran and renewed attacks between Washington and Tehran heightened concerns over energy flows through the Strait of Hormuz.Brent crude futures LCOc1 were up $2…
Malaysia-based offshore drilling contractor Velesto Energy has terminated the sale of its jack-up drilling rig NAGA 3 to Indonesia's PT Indonesia Drilling Energy after the transaction failed to complete within the agreed timeframe.The company said its subsidiary…
OneSubsea, a joint venture backed by SLB, Aker Solutions and Subsea7, has secured a major engineering, procurement and construction (EPC) contract from Eni for Phase 3 of the Baleine deepwater development offshore Côte d'Ivoire.The award follows…
Noble Corporation has secured a contract with unnamed client for its Noble Viking drillship, which will be engaged in drilling operations offshore Brunei.The contract comprises a firm scope of six wells, with an estimated contract value of approximately $136…
James Fisher and Sons and Aquaterra Energy have formed a strategic global partnership to provide integrated offshore decommissioning services, combining front-end engineering, well access, subsea operations and offshore execution under a single delivery model…
The Norwegian Offshore Directorate (NOD) has granted drilling permits to Vår Energi for two wildcat wells in North Sea offshore Norway.The first permit is for wellbore 35/6-7 S in production license 929, operated by Vår Energi with 40% stake…
Harbour Energy has completed its acquisition of substantially all the subsidiaries of Waldorf Energy Partners and Waldorf Production in the UK, finalizing a transaction that strengthens its position in the UK North Sea.The acquisition, valued at $163 million…
Australia-listed Tetragon Energy has awarded a seismic reprocessing contract to DUG Technology as it begins the exploration phase of its offshore oil and gas program in the Philippines.The contract covers the reprocessing of four existing 3D seismic surveys spanning more than 4…
Saudi Arabian drilling contractor Arabian Drilling has received approval to resume operations for three offshore drilling rigs that had been temporarily suspended earlier this year, with the units expected to return to work within weeks.The suspensions…
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