Tullow Oil has made a major oil discovery in the deepwater Orinduik block offshore Guyana, raising expectations that the London-based independent will move to develop a field in the closely watched, oil-rich South American country.The discovery…
Japanese business house Sojitz Corporation has signed a share purchase agreement with German wind farm developer wpd regarding Yunlin Holding GmbH, which will see Sojitz participate in the construction and operation of an offshore wind farm in Taiwan…
Canada has a well-established offshore history within the oil and gas sector, with the first offshore exploration carried out by Mobil in the Stable Island region in 1959. Today, the major areas of activity are within the Jeanne d’Arc Basin…
Murphy Oil has sanctioned the King’s Quay project in the US Gulf of Mexico, the US independent revealed in its second quarter earnings report.Anchored by the deepwater Khaleesi/Mormont and Samurai developments, the King’s Quay floating production…
Heerema Marine Contractors said it has won another contract to support offshore wind project development in Taiwan, this time in the middle of the country.The Greater Changhua offshore wind projects consist of four sites in the Taiwan Strait…
Mermaid Maritime announced that its Middle East and Southeast Asian business units have recently been awarded subsea contracts with a combined total estimated potential contract value of $7.4 million.The first highlighted scope of work, commencing in the third quarter of 2019…
Irish based oil and gas company Providence Resources informs it has received permission from Irish authorities to perform a site survey later this month at its operated Barryroe field within the within SEL 1/11 license offshore Ireland.SEL 1/11…
Remote communication and IT solutions provider Speedcast said it has been awarded a new multi-year contract from offshore drilling contractor Seadrill to provide communications on the West Bollsta semi-submersible rig, off the coast of Norway…
Construction on SBM Offshore's third Fast4Ward floating production, storage and offloading unit (FPSO) hull recently began at Chinese shipyard Shanghai Waigaoqiao Shipbuilding and Offshore (SWS), the Dutch FPSO provider revealed on Thursday…
Aker BP has made a small gas find in the the North Sea, the Norwegian Petroleum Directorate announced this week. The Norwegian oil and gas company drilled a wildcat and appraisal well in production licence 869, about 6 kilometers southwest of the Bøyla field…
Clean-up efforts after an oil spill from a well in Indonesia's Java Sea will take until at least March next year, state energy firm Pertamina said on Thursday as it struggles to plug the underwater leak.The spill started on July 12 when Pertamina…
BHP Group said on Thursday it has approved $283 million in funding to develop the Ruby Project offshore in Trinidad and Tobago.Total investment in the project, in which operator BHP holds a 68.5% stake, is about $500 million, the company said…
U.S. oil major Exxon Mobil has hired investment bank Jefferies to sell the stakes it holds in oil and gas fields off the Norwegian coast, which could fetch up to $4 billion, banking sources said.Exxon said in June that it was looking to test market interest for its Norwegian upstream portfolio…
Nigeria-focused oil and gas development and production company Sirius Petroleum now says its license for the shallow water Ororo field in Nigeria hangs in the balance after the firm failed to launch its next phase of the field work program on…
A new study from the University of Aberdeen authored by Professor Alex Kemp and Linda Stephen entitled 'The Potential Contribution of Cluster Developments to Maximizing Economic Recovery in the UKCS' has studied the development economic aspects…
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