Faroe Petroleum announced Wednesday the commencement of the Cassidy exploration well 8/10-7 S in the Norwegian North Sea.The Cassidy prospect sits within the PL405 Oda licence (discovered in 2011) and is being drilled back-to-back with the production wells on the Oda structure…
Specialized offshore services provider Petrus Group was founded in Macaé, on the North Coast of Rio de Janeiro, the acknowledged oil capital of Brazil in 2009, during the oil boom caused by the early pre-salt discoveries. The company has since grown steadily in Brazil…
EnQuest expects to produce about 20 percent more oil next year as the indebted British North Sea producer strives to recover from a series of minor setbacks at its flagship field.The company said on Wednesday it expected to produce between 63…
Faroe Petroleum has struck a deal to swap Norwegian oil and gas assets with Equinor, in a move that could raise the price that hostile bidder DNO has to pay to secure the British energy company.While Faroe Petroleum's Chief Executive Graham…
Brazilian investigators said on Wednesday that 'top executives' of trading giants Vitol , Trafigura and Glencore had full knowledge that their employees paid millions in bribes to executives of state-controlled oil company Petroleo Brasileiro SA in return for business…
Norway's Equinor said it has decided with its partners to invest some NOK 1.4 billion ($164.7 million) in a boosting station for the long-producing Vigdis field in the Norwegian North Sea.The new boosting station, expected to come online in the first quarter of 2021…
Australian oil and gas exploration and production company Carnarvon Petroleum has secured a Noble Tom Prosser jack-up drilling rig for two appraisal wells at the Dorado joint venture oil, gas and condensate discovery offshore Western Australia…
Canadian integrated energy company Suncor said it has restarted production from the Terra Nova floating production storage and offloading vessel (FPSO), approximately 350 kilometers east-southeast off the coast of Newfoundland, Canada in the North Atlantic Ocean…
Norway's Equinor said it intends to ramp up its use of wired drill pipe to acquire subsurface real-time data during drilling operations as it prepares for automated drilling.U.S. based firms NOV and Schlumberger have been awarded corporate frame…
Fugro said it has attracted seven new clients for its inspection, repair and maintenance (IRM) services in the U.K. North Sea.Recent work includes pipeline and structure inspections for Centrica Storage, Chrysaor, Dana, Petrofac, Premier, Repsol and Spirit Energy…
New North Sea, Baltic Sea pipeline adds to Norway’s $20.5 billion 2019 spendNorway — that most capital-intensive of oil provinces — will see investments offshore increase by $2.34 billion in 2019, after a year that saw seven oilfield projects…
Lukoil and KazMunayGas have agreed to collaborate to develop the Zhenis project in the Kazakhstan's sector of the Caspian Sea.President of PJSC LUKOIL, Vagit Alekperov, and Chairman of the Management Board of JSC NC KazMunayGas, Alik Aidarbayev…
U.S. oil and gas company Chevron has decided to launch the sale of its stake in Azerbaijan's largest oil field as well as the Baku-Tbilisi-Ceyhan (BTC) pipeline, it said in a statement on Tuesday.'Chevron regularly reviews its global portfolio…
Energy company Eni aims to start output of natural gas from its offshore Merakes project in Indonesia in 2021, the country's deputy energy minister said on Tuesday.Initial production at Merakes would be 155 million cubic feet of natural gas per day (mmcfd)…
Norway's Equinor is ready to start talks with Tanzania on developing a liquefied natural gas (LNG) project based on a deepwater offshore discovery, the company said on Tuesday.Tanzanian President John Magufuli has asked his government to proceed…
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