French oil major Total will transfer its rights in five blocks in Foz do Amazonas Basin off Brazil to Brazil's national oil company Petrobras, and exit the basin.To remind, Total earlier in September announced its decision o give up operatorship over the five exploration blocks in ultra-deep waters…
Philippine oil and shipping group Udenna Corp on Monday expressed interest in acquiring Royal Dutch Shell PLC's 45% stake in the Malampaya gas-to-power project, in partnership with state-owned Philippine National Oil Company (PNOC).Shell is…
Offshore construction works are expected to begin next month at Ørsted’s Hornsea Two giant offshore wind farm project in the UK.Ørsted’s Hornsea Two wind farm will surpass its predecessor Hornsea One by generating 1.4 GW of electricity once complete in 2022…
Norwegian oil company Equinor is set to develop the Breidablikk, dubbed one of the largest undeveloped oil discoveries on the Norwegian continental shelf.The company said Monday morning that it would, together with its partners Petoro, Vår Energi…
Qatar's maritime and logistics firm Milaha said it entered into a formal agreement with U.S. headquartered oilfield services firm Schlumberger to cooperate on projects that will localize the energy sector supply chain, including the construction of a Qatari offshore oil well stimulation vessel…
The U.S House of Representatives passed the Clean Economy Jobs and Innovation Act (H.R. 4447) aiming to reform U.S. energy policy and authorize significant investment in the transition to greater use of low-carbon energy.The legislation, which addresses a wide range of energy topics and initiatives…
U.S. President Donald Trump said on Friday he had extended a ban until 2032 on oil drilling off the coast of North Carolina and Virginia, weeks after a similar extension affecting offshore drilling in the waters off Florida, Georgia, and South Carolina…
Guyana is close to reaching a deal with Exxon Mobil Corp to approve the company's Payara project, after the company committed to stricter environmental restrictions on gas flaring and wastewater, a top government official said on Friday.Exxon…
Canada will spend C$320 million ($238.56 million) to support its offshore oil industry in Newfoundland and Labrador, which has struggled as coronavirus pandemic travel restrictions reduced demand, the government said on Friday.The funds are…
Norwegian oil firms plan to close down 22% of the country's oil and gas output, or 900,000 barrels of oil equivalent per day, if workers go on strike next week, the Norwegian Oil and Gas Association (NOG) said on Friday.Some 324 workers out of 7…
Australian oil and gas operator Woodside has signed a contract with Norway's drilling equipment firm Enhanced Drilling to equip its Senegal-bound drillships with EC-Drill controlled mud level system.In Senegal, Woodside is working to bring online Senegal's first offshore oil development Sangomar…
Greece has pushed back a deadline for the submission of non-binding bids for a contract to run an underground gas storage facility in the northern Aegean Sea.Privatization agency HRADF, which manages the concession, said on Friday it had extended the deadline for initial bids to Oct…
Malaysian offshore vessel operator Bumi Armada, has via its JV company with Shapoorji Pallonji, secured a ten-year charter for the Armada Sterling FPSO with the Indian oil giant ONGC.Bumi Armada said Friday that under the contract Armada Sterling…
Norwegian oil company OKEA will acquire an interest from Neptune Energy in an offshore block in Norway containing the Calypso prospect, with a potential of up to 37 million barrels of oil.OKEA will take a 30% working interest in the production license PL938…
Oil and gas company Jadestone Energy and OMV have agreed to extend the long-stop date for the completion of Jadestone's acquisition of OMV's stake in the Maari project, in the shallow waters offshore New Zealand.Singapore-based Jadestone in…
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