Israel's Delek Drilling plans to raise $2.25 billion in an international bond offering to help it finance the development of the Leviathan natural gas project off Israel's Mediterranean coast.The issue, expected to be completed in coming weeks…
Norwegian oil and gas producer Var Energi, backed by Eni and private equity firm HitecVision, is seeking around $1 billion for its Jotun production ship, a source with direct knowledge of the matter told Reuters.Var would then lease the floating production…
Russian oil company Lukoil has signed an agreement with Cairn Energy to acquire a 40% interest in the Rufisque, Sangomar and Sangomar Deep) - RSSD - project offshore Senegal for $300 million in cash. The agreement also provides for potential…
Energy companies said on Friday there have been no evacuations of workers or shutdowns of production from their offshore platforms in the U.S.-regulated northern Gulf of Mexico because of Tropical Storm Hanna.Hanna reached tropical storm strength…
U.S. energy firms cut the number of oil and natural gas rigs operating to a record low for a 12th week in a row, although they added one oil rig in the first weekly increase since March as a recovery in crude prices tempt some producers back to the well pad…
A free webinar will deliver latest forecasts and market intelligence for the global floating production industry, offering insider access to business and investment opportunities in the deepwater sector.Floating Production Systems: 2020 Forecasts & Analysis…
Brazilian state-controlled oil company Petrobras said on Friday it has approved the start of a tender to build three new floating platforms, known as FPSOs, in the Buzios oilfield, one of the biggest deepwater discoveries this century.Earlier in July…
Exxon Mobil Corp said on Thursday it had named its former Qatar country manager as the chief of its operations in Guyana, a South American country that just started producing crude last year and is seen as key to the company's future.Alastair Routledge takes over after the company…
Canadian oil operator Suncor has moved its Terra Nova FPSO and docked it shoreside in Newfoundland after its planned drydock in Spain was canceled due to the COVID-19 outbreak.Suncor and its partners in the Terra Nova field in the Atlantic Ocean off Canada…
Australia's Santos Ltd reported an 18% drop in second-quarter revenue on Thursday due to lower realised prices for its oil and gas, but said production from its core assets was expected to remain steady in the near term.The country's second…
Spanish oil and gas firm Repsol posted a quarterly net loss and wrote down $1.5 billion in assets on Thursday as it revised down unusually high expectations for oil and gas prices over the next 30 years.The demand-sapping COVID-19 crisis has…
BHP and the National Gas Company of Trinidad and Tobago have successfully completed negotiations for a Gas Sales Agreement for the Ruby offshore field.The Ruby oil and gas field is located in Block 3(a), off the east coast of Trinidad, and is…
Delek Drilling said on Wednesday the partners in the Tamar natural gas site will start paying taxes on profit in early 2021, which could help Israel move forward with plans to create a sovereign wealth fund.Prime Minister Benjamin Netanyahu…
Oil production has resumed at the Hibernia offshore platform in Canada following a shutdown after the leakage of drilling and production fluids discovered on Sunday, July 19.The platform, located 315 kilometers east southeast of St. John’s, is operated by ExxonMobil-led HMDC consortium…
The Norwegian authorities on Wednesday granted oil company Aker BP consents to use the Maersk Integrator and Deepsea Nordkapp drilling rigs at the Ivar Aasen and Alvheim fields, respectively.At the Ivar Aasen field in the North Sea, Aker BP…
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