Saudi oil giant Aramco on Tuesday reported a 15.4% drop in third-quarter profit due to lower crude prices and weaker refining margins, but maintained its generous dividend at $31.1 billion for the quarter.Aramco posted net income of $27.6 billion in the three months to Sept…
Canada-based oil and gas company Valeura Energy has completed the internal restructuring operation, transferring its working interests in the Nong Yao, Manora and Wassana fields to its wholly-owned Thailand subsidiary.Valeura's working interests in all its Thai III fiscal contracts…
Shell has paused some drilling operations in the Gulf of Mexico and moved non-essential personnel to shore amid weather disturbance which could become a hurricane.As a precautionary measure, Shell started moving non-essential personnel to shore from its Appomattox…
Enersol, a joint venture between ADNOC Drilling and Alpha Dhabi Holdings, has signed an agreement to acquire a U.S.-based oilfield services company Deep Well Services (DWS) for approximately $223 million, including performance-based payments…
TotalEnergies has signed a sales agreement with China’s Sinopec for the delivery of 2 million tonnes of liquefied natural gas (LNG) per year for 15 years, starting in 2028.With the major agreement with one of the leading LNG players in the country…
Canada will on Monday unveil the details of its long-awaited plan to cap emissions of greenhouse gases from the oil and gas sector, an idea that the energy industry and some provinces strongly oppose.A government announcement issued on Sunday said the draft plan would be released at 1 p…
U.S. oil producers Exxon Mobil and Chevron posted better-than-expected third-quarter profits on Friday, outperforming their European rivals, as record U.S. oil production cushioned the blow from a plunge in fuel margins.The two focused on expanding…
Viridien and its partners TGS and Aquila Holdings, under its subsidiary Axxis Multi Client, have completed the reprocessing of the Utsira ocean bottom node (OBN) seismic survey in the Norwegian North Sea.Utsira is the largest OBN survey conducted…
Sea1 Offshore, formerly Siem Offshore, has entered into shipbuilding contracts with Cosco Shipping (Qidong) Offshore for two new offshore energy support vessels.Based on ST-245 design, the vessels will have capabilities to serve both oil and gas and renewable energy markets…
Italian energy giant Eni has completed the sale of its Nikaitchuq and Oooguruk assets upstream offshore assets in Alaska to Hilcorp for $1 billion.The transaction, which received the approval of all relevant authorities, is in line with Eni’s…
The Norwegian Offshore Directorate has granted Vår Energi a drilling permit for a wildcat well in the Barents Sea.The permit has been issued for wellbore 7122/9-2 in production license 1131, which is operated by Vår Energi with 40% working interest…
Africa Oil has completed the farm down of its interests in blocks 2912 and 2913B offshore Namibia, containing the Venus field, to TotalEnergies EP Namibia.The farm down was conducted via Africa Oil’s investee company Impact Oil & Gas Limited…
Offshore drilling contractor Shelf Drilling has secured contract extensions for two of its jack-up rigs with Chevron Thailand Exploration and Production for operations offshore Thailand.The contract extensions are for Shelf Drilling Chaophraya and Shelf Drilling Krathong jack-up rigs…
Norwegian offshore supply vessel company DOF Group has concluded the acquisition of Denmark-based Maersk Supply Service, which will be renamed to DOF Denmark.The combined company is expected to become one of the leading offshore service provider…
BlueNord, the partner in the Tyra II project along with TotalEnergies and Nordsøfonden, has informed that Tyra II facilities will start operating at maximum technical capacity in the first half of November 2024, following the completion of equipment repairs…
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