Brazil's Petrobras said on Wednesday it expects to invest $68 billion from 2022 to 2026, a sharp increase from its previous five-year plan, as the state-run oil company seeks to grow oil production from the subsea pre-salt area.The oil production forecast for next year fell slightly…
Swedish oil and gas company Lundin Energy has obtained a drilling permit for an offshore exploration well in the Norwegian Sea.The company will use Odfjell Drilling's Deepsea Stavanger semi-submersible drilling rig to drill the 6306/9-1 wildcat well in the production licence 886…
Well construction firm DeltaTek said Tuesday that Petronas had recently used its cementing technology offshore Mexico for the first time.This project, at a deepwater exploration well (BC-1) off the coast of Tampico in over 5000ft of water, marked…
Lukoil, Russia's second-biggest oil producer, plans to produce 83 million to 84 million tonnes of oil a year in Russia over the next three years, with output returning to pre-pandemic levels in 2023, it said on Wednesday.The company, which earlier…
Flotation Energy has secured $2.3 million in Australia from the Victorian Government Energy Innovation Fund for its planned 1.5 GW Seadragon offshore wind farm in Gippsland, Victoria. The proposed 1.5GW bottom fixed Seadragon offshore wind project…
Norwegian marine seismic data acquisition firm PGS has won a 4D survey contract in the North Sea.The company said Wednesday that a Ramform Titan-class vessel was scheduled to start the acquisition in early August of 2022 and complete it in mid-September…
Norwegian oil and gas company Equinor has extended the contract with the engineering and consulting firm Wood for the delivery of maintenance solutions across the Peregrino wellhead platforms (WHP) and FPSO, located offshore Rio de Janeiro, Brazil…
U.S. Energy Secretary Jennifer Granholm on Tuesday urged U.S. energy companies to increase oil supply amid 'enormous profits' as President Joe Biden seeks to bring down the price of gasoline for American families.Granholm said the oil and gas…
The United States said on Tuesday it would release millions of barrels of oil from strategic reserves in coordination with China, India, South Korea, Japan and Britain, to try to cool prices after OPEC+ producers repeatedly ignored calls for more crude…
Shallow water drilling contractor Shelf Drilling has secured a three-year contract for one of its jack-up rigs in India.The contract, with India's national oil company ONGC, is for the Ron Tappmeyer jack-up drilling unit, for offshore operations in Indian waters…
Russian oil company Lukoil has said it has discovered an oil field within the Yoti West structure at Block 12 offshore Mexico. The field was discovered after drilling the first exploration well. According to preliminary estimates, the initial oil in place reaches 250 million barrels…
Norwegian oil and gas company Equinor has, on behalf of the license partners in Krafla, Gina Krog, Asterix fields, and Gassco at Kårstø, signed contracts with engineering and construction firm Aibel worth around five billion Norwegian crowns (nearly $560 million)…
Danish grid operator Energinet signed deals on Tuesday with Belgium's Elia and Germany's 50Hertz that move Denmark closer to building two sea links connecting its offshore wind turbines to Germany and Belgium to boost the flow of green energy in the region…
UTEC, a company providing survey, positioning, and data services in the offshore energy world, has deployed Sonardyne’s Fusion 2 software and associated hardware to support offshore construction in Australia.Combined long baseline (LBL) acoustic…
The EU has drafted legislation to reduce methane emissions by forcing oil and gas companies to report their output and find and fix leaks of the gas that is the second-biggest cause of climate change, according to a draft seen by Reuters on Monday…
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