Brazil failed to sell off exploration and production rights in the most promising offshore oil blocks up for sale on Thursday, as its first oil auction since the start of the COVID-19 pandemic brought just 37.1 million reais ($6.7 million) into state coffers…
Marine seismic services firm SeaBird Exploration has signed a one-year contract with an unnamed repeat client for the use of its Fulmar Explorer vessel.The contract, which starts in November 2021, replaces the letter of intent that was announced by Seabird Exploration in July…
Swedish oil company Lundin Energy has failed to find hydrocarbons at its Merckx prospect in the North Sea, offshore Norway.The Norwegian Petroleum Directorate said Friday that Lundin, as the operator of production licence 981 where the well is located…
A Scottish court handed BP a win over Greenpeace on Thursday after the environmental group tried to void the energy company's licence to exploit a North Sea oilfield, saying the climate impact of the end-use of oil should not affect permits…
Brazilian oil company Petrobras said Thursday it had not yet picked the winner in a bidding race for its Albacora and Albacora Leste fields in the Campos Basin, offshore Brazil.The company issued an update after Reuters on Thursday said the…
U.S. oil major ExxonMobil has made yet another oil discovery in its prolific Stabroek Block, offshore Guyana, and has now increased its estimate of the discovered recoverable resource for the block to approximately 10 billion oil-equivalent barrels…
UK-based offshore equipment provider OEG Offshore has acquired Hughes Subsea Services (Hughes), an integrated subsea service company.This is OEG Offshore's second acquisition in a little over a week, when it bought Fern Communications.Hughes…
Brazil is set to sell off exploration and production rights in dozens of offshore oil producing blocks on Thursday, in an auction that is small by local standards but will offer opportunities for majors to snap up potentially prolific assets…
Offshore survey services company UTEC, an Acteon subsidiary, has deployed iXblue new subsea positioning technology on 'a world-class' ultra-deepwater field development project in Africa, with depths below 2,000 meters.According to iXblue, its sparse LBL solution…
Update: Following the release of news that Petrobras has selected PetroRio SA and Cobra as winning bidders for the Albacora field acquisition, Petrobras released a statement denying this. Read more here.Brazil state oil giant Petrobras has chosen a consortium of PetroRio SA and Cobra…
Royal Dutch Shell warned on Thursday of a $400 million hit to third-quarter earnings from the damage caused by August's Hurricane Ida.However, in an update ahead of quarterly results this month, the oil major also flagged a boost to cashflows from soaring natural gas and electricity prices…
Offshore drilling firm COSL has won a four-well contract with Equinor in Norway to drill wells on Statfjord Øst field using the COSLPromoter drilling rig.The drilling will take place from the spring of 2023, and Equinor will have options to…
Norway-based firm Aker Offshore Wind plans to utilize Scotland’s first offshore wind underwater substation as part of its bids for major offshore wind farms.'The multi-million subsea innovation would be developed, manufactured, and supplied…
A British regulator rejected Royal Dutch Shell's plans to develop the Jackdaw gasfield in the North Sea after considering its environmental statement, industry sources said on Wednesday.'We’re disappointed by the decision and are considering the implications…
Investing in new North Sea gas resources is essential for the UK to avoid shortages, price shocks, and rising import costs, industry body OGUK has warned, adding that, without fresh investment, North Sea gas production will plummet by 75% by 2030…
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