China's CNOOC Ltd more than doubled its first-half profit helped by higher oil and gas prices, the offshore oil and gas producer reported on Thursday.Interim net income rose 116% to 71.89 billion yuan ($10.50 billion) while revenue rose 75.6% to 176…
Windy Network, a Japanese 3D survey company, has chosen a Saab Seaeye Falcon underwater remotely operated vehicle for its operations.The company plans to deploy the ROV on a wide range of missions, including academic research, marine archaeology…
CessCon Decom, a Scotland-based firm specializing in decommissioning of oil and gas structures, plans to launch a decommissioning hub at the Port of Aberdeen’s £400 million South Harbour expansion in Q3 2022, creating up to 50 new jobs.The…
Four major oil companies have agreed to end U.S. lawsuits that together sought to enforce multi-billion dollar arbitration awards against Nigeria's state-owned oil company, after reaching new deepwater oil production sharing agreements.Two federal judges on Aug…
Tension over giant turbines that Moscow blames for the reduction of flows via the Nord Stream 1 gas pipeline has put the focus on the equipment it needs to operate.The crucial part is a Siemens Energy turbine that is 12 meters long, weighs 20 tonnes…
Oil companies in Norway must increase their exploration activity in remote regions like the Arctic Barents Sea for the country to find the remaining reserves of oil and gas beneath its oceans, the Norwegian Petroleum Directorate said on Thursday…
Belgium-based offshore installation company DEME Offshore and Norway-based offshore services firm Havfram have signed a memorandum of understanding to jointly offer construction services to the offshore wind farm sector in Norway. 'Both DEME…
Military-ruled Myanmar earned $800 million from natural gas exports mainly to China and Thailand, between April and July, the junta said in the state newspaper on Thursday.The country has been embroiled in chaos since the military overthrew…
Harbour Energy, the UK North Sea's biggest oil and gas producer, increased a share buyback program by 50% to $300 million on Thursday as it reported first-half free cash flow of $1.4 billion.Harbour, which is set to produce just over 200,000…
East Timor is confident the Australian government will support plans for gas from the massive Greater Sunrise offshore field to be processed in Timor rather than Darwin, the country's petroleum authority head said on Thursday.Greater Sunrise…
Gas production in the United Kingdom rose 26% in the first half of this year compared to the same period last year, an industry body said on Wednesday, as Britain cuts Russian energy imports in response to Moscow's invasion of Ukraine.The 3…
Guyana's president Irfaan Ali on Monday visited ExxonMobil's Liza Unity FPSO - Guyana's second FPSO in production - where he praised the Guyanese crew aboard.According to Guyana's Department of Public information, he told the Guyanese crew on…
Norwegian oil and gas company Aker BP has awarded Semco Maritime a contract for the provision of Offshore Personnel Service in 2022-2027 for the company’s oil & gas installations on the Norwegian Continental Shelf.'Semco Maritime has provided…
Norway plans to maintain its current high gas production level until the end of the decade as Europe plans to ditch Russian imports over Moscow's invasion of Ukraine, its energy minister said on Tuesday.'I expect that we can maintain the production levels we are at now until 2030…
Norwegian offshore drilling company Odfjell Drilling has secured a five-year contract with Aker BP ASA for its Deepsea Stavanger semi-submersible drilling rig, for drilling programs scheduled to start in early 2025.The day rates for the contract will be market-based…
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