UAE-based drilling contractor ADNOC Drilling said Monday it had signed a sale and purchase agreement to acquire two premium offshore jack-up drilling rigs.The two new drilling rigs, being acquired from Well Target Five Limited and Well Target Six Limited…
Poland could build a second floating storage and regasification unit (FSRU) next to an already planned installation because the Czech Republic and Slovakia are interested in buying more liquefied natural gas (LNG), the Polish climate minister said…
Russia should cut oil production by 20%-30% to 7 million-8 million barrels per day (bpd) to get a better price and avoid selling it at a discount, Leonid Fedun, the vice-president with Russian company Lukoil, wrote in RBC newspaper.Western sanctions…
Oil and gas company i3 Energy has entered into a contract with Petrofac Facilities Management Limited (Petrofac) under which Petrofac will provide well engineering, operations management, and operator services for the drilling of the Serenity appraisal well on its UK North Sea Licence P…
Brazilian oil company Petrobras has awarded service contracts to DOF's Brazilian subsidiaries to Norskan Offshore Ltda. and DOF Subsea Serviços Brasil Ltda.The contracts are for the Skandi Iguazu AHTS vessel including ROV. The contracts will…
Shell said on Monday it had given the go-ahead to develop the Crux gas field offshore Australia, which analysts estimated would cost around $2.5 billion.Construction is expected to start in 2023 with first gas expected in 2027, which will feed the 3…
Colombian energy producer Ecopetrol ECO.CN aims to boost its oil and gas output by just over 40% to around 1 million barrels of oil equivalent per day (boepd) in 2030 and plans to start a pilot carbon capture storage (CCS) project, a senior company executive said…
The United Arab Emirates is eyeing investments in Turkey's energy sector, ports and railways, Foreign Minister Abdullah bin Zayed Al Nahyan said on Friday.Speaking at a joint press conference with Turkish counterpart Mevlut Cavusoglu in Istanbul…
Norway’s Hammerfest liquefied natural gas plant has resumed operation as planned and is preparing to restart LNG production, a spokesperson for operator Equinor told Reuters on Friday.The plant has been offline for 20 months following a fire in September of 2020…
Shares in British North Sea oil and gas producers Harbour, EnQuest, and Serica slumped on Friday, a day after the British government announced a windfall tax on domestic hydrocarbon companies.Harbour, the basin's largest producer, fell 7.5% by 0905 GMT to lows last hit in mid-March…
Oil and gas company Trident Energy said Thursday it had completed its first Brazilian subsea campaign to connect the MA-34 production well to the P-08 semi-sub platform, as part of its plans to enhance production on its Pampo field.'Trident…
The FPSO Atlanta, contracted by the Brazilian oil company Enauta to Malaysia's Yinson for conversion to service the Atlanta Field offshore Brazil, will be operated under ABS Class.The Atlanta, which will serve as the Definity Production System at the Atlanta Field in the Santos Basin…
UK-based oilfield solutions company Oil Plus has said it has secured two produced water-related projects in Qatar worth $450,000 in total. Oil Plus will deliver a Pre-FEED oil and water analysis for Qatar Energy, and a water injection study…
Australian oil and gas company Western Gas has started drilling the Sasanof-1 exploration well offshore W. Australia, using Valaris' MS-1 semi-submersible offshore drilling rig.Western Gas said Friday that the well had been spudded with the jetting of the 36” conductor at a water depth 1068…
Norway's oil and gas companies have raised their investment forecasts for 2022 as they take advantage of high petroleum prices and tax incentives to boost activity, a national statistics office (SSB) survey showed on Friday.The biggest business sector in Norway now expects to invest 167…
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