Suncor Energy Inc, Canada's second-largest oil and gas producer, on Wednesday reported a 5% rise in second-quarter operating profit and higher upstream production.Suncor's total production rose to 803,900 barrels of oil equivalent per day (boepd) in the quarter…
European oil major Equinor said on Thursday it expects less capital expenditure this year, partly due to further cost savings at its Johan Sverdrup oilfield, after reporting quarterly earnings slightly below forecasts.Adjusted earnings before interest and tax (EBIT) fell to $3…
Multinational oil and gas exploration company Tullow Oil plc will in the next two months launch a bid to acquire 3,000 square kilometers 3D seismic survey after the firm successfully completed its entry into the Africa’s east coast volcanic archipelago of Comoros…
Husky Energy Inc reported a better-than-expected quarterly profit on Thursday, as higher Canadian crude prices following Alberta government's mandatory output cuts more than offset the company's lower production and weak refining margins.The Calgary-based company said average realized prices rose 7…
The board of British oil producer Tullow will pay an interim dividend of 2.35 cents per share, representing a payout of about $33 million, the company said on Wednesday, in line with plans to disburse at least $100 million a year.The dividend…
Tenaris said it has been awarded a contract from Noble Energy for work on the offshore export pipeline for the Alen Gas Monetization Project in Equatorial Guinea.This 70-kilometer pipeline will transport natural gas from the Alen offshore platform…
Eni's Ken Bau 1X exploration well in block 114 of the Song Hong Basin offshore Vietnam has proven the presence of gas and condensate in the Ken Bau prospect, the Italian supermajor announced on Wednesday.The exploration well was drilled at 95 meters water depth and reached a total depth of 3…
Norway-based Tampnet said it has been tapped to supply 5G LTE coverage to oil and gas operations offshore Newfoundland, Canada.Following a competitive process Tampnet has been awarded a contract for building and operating a 5G LTE network on two platforms offshore Newfoundland – Hebron…
TechnipFMC’s flagship deepwater pipelay and construction vessel is embarking on a large-scale subsea project laying pipeline on the Equinor-operated Peregrino Phase 2 Project in the Campos Basin offshore Brazil.According to TechnipFMC, Deep…
At the end of last week, Vroon subsea-support walk-to-work unit VOS Start arrived in IJmuiden after almost two years engaged in operations for offshore renewables client MHI Vestas Offshore Wind (MVOW).The Netherlands-flagged vessel commenced duties for MVOW in August 2017…
UK-focused Independent Oil and Gas (IOG) said it plans to spud an appraisal well in the Harvey prospect during the first week of August.The Maersk Resilient is currently due to finish its prior operations over the coming week and start re-locating to Harvey…
Seaway 7 has won a contract from Ørsted's Optimus Wind to install the entire inner array grid cable system for the Hornsea Two offshore wind farm project in the UK sector of the North Sea.Seaway 7 parent company Subsea 7 said the contract is worth between $50 million and $150 million…
The Abu Dhabi National Oil Company (ADNOC) signed an agreement on Wednesday with Indonesia's state-owned energy company PT Pertamina for oil and gas collaboration in both countries and globally, ADNOC said in a statement.The comprehensive strategic…
Australia-based Talon Petroleum said it has been notified by the UK Oil and Gas Authority of its successful joint bid alongside the Netherlands-based partner ONE-Dyas for a licence over Block 14/30b via the UK 31st Supplementary Offshore Licensing Round…
The Trump administration is split over whether to renew a license this week for energy company Chevron Corp's operations in Venezuela, with Secretary of State Mike Pompeo supporting a renewal and others opposing it, three sources with knowledge of the matter said on Tuesday…
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