Malaysia's Terengganu state said on Wednesday it was open to buying a stake in national energy giant Petronas, after Prime Minister Mahathir Mohamad said he was considering such a sale to raise funds for his heavily-indebted federal government…
Ghana's Springfield E&P said on Wednesday that it had discovered 1.5 billion barrels of oil and 0.7 trillion cubic feet of gas in its Afina-1 well in the West Cape Three Points (WCTP) Block 2, offshore GhanaThe undiscovered potential of the…
Engineering firm Wood announced on Wednesday that it has been awarded a contract by Norwegian energy group Equinor to deliver modifications to a pair of offshore platforms in the Norwegian North Sea that will be connected to electric power from floating wind turbines…
Shallow water drilling services provider Shelf Drilling has announced a one-year extension on its 1982-built BMC 300-1C Trident XIV jack-up rig in continuation of its current assignment offshore Nigeria.The rig was contracted to ExxonMobil for…
U.S. producers Exxon Mobil Corp and Hess Corp plan to export the first-ever shipments of crude oil from Guyana between January and February, a milestone for Latin America's newest oil producer, sources with knowledge of the plans said.A consortium…
Panoro Energy announced the successful completion of the DTM-4H well, the first of the phase 2 Tortue development wells, offshore Gabon.The well was drilled with the Borr Norve jackup drilling rig in 116 meters water depth as a horizontal production well in the Gamba reservoir…
The first successful “Single-Trip Multi-Frac” campaign has been executed on the Valhall field, marking the first time this specific well stimulation method has been performed offshore.“The traditional method takes two-three days to fracture a single zone of the reservoir…
The mission to locate two people missing from a helicopter that crashed in the Gulf of Mexico has been called off, the US Coast Guard said on Monday evening.Air and boat crews were unable to find the downed aircraft and passengers after scouring more than 4…
Ocean Infinity said it has been awarded a contract by Total E&P Angola, to conduct 2D ultra high-resolution seismic surveys and seabed soil sampling in Block 32 and Block 17, offshore Angola.Ocean Infinity’s recent expansion to their fleet of…
Aker Solutions said it has secured a contract to support the development of BP’s Cypre project, offshore Trinidad and Tobago.The contract will see Aker Solutions deliver front-end engineering and design (FEED) for the first platform in a potential…
Having now completed the $4.5 billion acquisition of ExxonMobil’s upstream business in Norway, Vår Energi has doubled its production to become the second largest operator on the Norwegian continental shelf (NCS) – with more growth planned in the years ahead…
AFGlobal announced on Monday that its Active Control Device (ACD) has been approved by Petrobras for use on its wells in Brazil. This approval follows rigorous testing review at the AFGlobal’s Advanced Technology Center in Houston, the company said…
Depending on who you talk to, the Romanian offshore either has two projects worthy of mention and an aging supplier base, or it’s the most up-and-coming and accessible oil and gas province in all the world.The truth, as usual, is somewhere in the middle…
Providence Resources chief executive officer Tony O’Reilly has stepped down from his position and resigned from the board with immediate effect to pursue outside opportunities, the Irish-based energy company announced.The company's board has initiated a process to identify and recruit a new CEO…
The proceeds from Saudi Aramco's record initial public offering have risen to $29.4 billion after the oil company exercised an option to sell 15% more stock, an executive at one of the banks leading the deal told Al Arabiya news channel on Monday…
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