Offshore services firm McDermott International said Thursday it had recently completed work under its first subsea, engineering, procurement, construction and installation (EPCI) contract with Australia's oil and gas firm Santos for the Bayu-Undan Infill Well Phase 3C Project in the Timor Sea…
U.S.-based offshore support vessel owner Tidewater said Wednesday it had agreed to acquire Swire Pacific Offshore Holdings Limited (SPO), a subsidiary of Swire Pacific Limited for around $190 million. Tidewater said the transaction would create…
Norwegian oil company Pandion Energy agreed to buy ONE-Dyas Holdings B.V.'s Norwegian subsidiary ONE-Dyas Norge AS for an undisclosed fee. The deal includes a 10 percent share of the Nova offshore field in the North Sea field, and a total of 11 exploration licenses…
West Africa-focused Tullow Oil's chief executive TLW.L said on Wednesday its Jubilee offshore oilfield in Ghana could produce 100,000 barrels of oil equivalent per day (boe/d) and the TEN field 50,000 boe/d by 2025 under current spending plans…
The European Commission published plans on Tuesday to cut EU dependency on Russian gas by two-thirds this year and end its reliance on Russian supplies of the fuel 'well before 2030'.The European Union executive said it would switch to alternative…
Britain will step up its production of oil and gas after saying it will ban Russian oil imports at the end of the year, transport minister Grant Shapps said on Wednesday.'We're fortunate in the UK that we don't buy proportionately very much…
Brazilian oil firm Petrobras last Friday signed a contract with its Chinese partner CNOOC for the assignment of 5% of its interest in the Búzios field, in the Santos Basin pre-salt area, offshore Brazil.The agreement is the result of the option to purchase an additional share…
Oil prices running at their hottest level in 14 years are poised to cut post-COVID pandemic fuel demand as consumers react to surging pump and power prices by pulling back on spending and travel, top energy executives warned on Monday.Global…
Scana's subsidiary Seasystems, previously known as Scana Offshore, has received a letter of intent to deliver an anchoring system for a Brazil-bound FPSO.The delivery consists of anchoring equipment such as chain stops, jacks, and winches.Scana…
Japanese industry minister Koichi Hagiuda said on Tuesday that the Sakhalin energy projects 'will effectively freeze' given the exit of Western stakeholders and that Japan would therefore wait to see how the situation plays out to make any decision…
Libya's state-owned National Oil Corp (NOC) announced on Monday that oil and gas major BP agreed to resume oil operations in the country, a statement published on the company's website said.The statement added the two companies discussed resuming…
Brazil's government has appointed former Petrobras executive Rodolfo Landim to chair the state-controlled oil producer's board, the company said in a filing on Saturday night.Earlier in the day, Admiral Eduardo Bacellar Leal Ferreira told Reuters…
The mooring of Coral Sul (South) FLNG, East Africa's first FLNG unit, and the world's deepest, was completed last week.The giant Coral Sul FLNG unit, 432 meters long and 66 meters wide, and weighing around 220,000 tons, earlier this year arrived…
Oil prices spiked to their highest levels since 2008 on Monday as the United States and European allies weighed a Russian oil import ban and delays in the potential return of Iranian crude to global markets fuelled supply fears.In the first few minutes of trade Brent crude reached $139…
Exxon Mobil Corp filed a suit against the U.S. seeking a partial refund of $2.1 billion in taxes and penalties tied to a Middle East gas project in Qatar, according to a filing on Friday in U.S. district court in Dallas.Exxon and QatarEnergy…
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