Mubadala signs MOU to buy Tamar field stake from Delek Drilling
Israel’s Delek Drilling has signed a non-binding memorandum of understanding (MoU) with UAE’s Mubadala Petroleum for the sale of its 22 per cent non-operated stake in the Tamar gas field offshore...
View ArticleBP, Reliance produce gas from second Indian deepwater field
Oil major BP and India’s Reliance Industries have started production from the Satellite Cluster gas field in block KG D6 off the east coast of India. The post BP, Reliance produce gas from second...
View ArticleLundin sells ‘world-first’ carbon-neutral certified oil
Oil and gas company Lundin Energy has sold the world’s first-ever certified carbon neutrally produced oil to Saras S.p.A from its Edvard Grieg field offshore Norway. The post Lundin sells ‘world-first’...
View ArticlePetroNor closes Guinea-Bissau offshore blocks buy
Independent oil and gas exploration and production company PetroNor has received the necessary approvals for the acquisition of high potential acreage offshore Guinea Bissau through the buy of SPE...
View ArticleExxonMobil successful again – more oil found off Guyana
U.S. supermajor ExxonMobil has made another oil discovery offshore Guyana with the Uaru-2 well in the Stabroek Block. The post ExxonMobil successful again – more oil found off Guyana appeared first on...
View ArticleTalos Energy nominates new board member
Houston-based oil and gas company Talos Energy has nominated a new member of the company’s board of directors. The post Talos Energy nominates new board member appeared first on Offshore Energy.
View ArticleDiamond Offshore emerges from Chapter 11 bankruptcy
Offshore drilling contractor Diamond Offshore Drilling and its debtor-affiliates have emerged from their Chapter 11 process after completing a financial reorganization under their joint plan of...
View ArticleScotland gets first dedicated subsea decommissioning hub
NorSea UK, in collaboration with Robertson-IES and CR Smith Services, has unveiled NorSea Decom - a dedicated entity whose sole work scope will be the safe and compliant management of decommissioned...
View ArticleNordic partnership targets oil and gas platforms emissions cut using wave tech
Oil and gas company Lundin Energy Norway has partnered up with Swedish wave energy developer Ocean Harvesting Technologies to explore the potential of using wave energy to decarbonise the production of...
View ArticleVaalco in talks to use FSO on Etame field off Gabon
Houston-based Vaalco Energy has signed a non-binding letter of intent (LOI) with Omni Offshore Terminals to provide and operate floating storage and offloading (FSO) unit at the Etame Marin field...
View ArticleBP triples first-quarter profit to $2.6 billion on strong oil, gas trading
Oil major BP has tripled its quarterly profit due to exceptional gas marketing, significantly higher oil prices, and higher refining margins. The post BP triples first-quarter profit to $2.6 billion on...
View ArticleOceaneering nets over $135 million in subsea contracts
Subsea engineering company Oceaneering International has through its Manufactured Products segment secured multiple contracts during the first four months of 2021, with anticipated aggregate revenue in...
View ArticleWintershall Dea breaks quarterly production record. Net debt down by a third
German oil and gas company Wintershall Dea has had a record quarterly production in the first quarter of 2021 with 659,000 barrels of oil equivalent a day and reduced its net debt by almost a third....
View ArticleLamprell wins drilling jackets deal with Saudi Aramco
Offshore construction specialist Lamprell has been awarded an engineering, procurement, construction and installation (EPCI) contract by Saudi Aramco. The post Lamprell wins drilling jackets deal with...
View ArticleHess Corporation swings to first-quarter profit
Oil and gas company Hess Corporation has reported a net income of $252 million in the first quarter of 2021, a completely different picture than the one from the first quarter of 2020 when the company...
View ArticleBristow scores contract extension with Aker BP in Norway
Offshore helicopter operator Bristow Group has won a contract extension with Aker BP to support air transportation crew change services for their operations on the Norwegian continental shelf. The post...
View ArticleEidesvik sells platform supplier outside oil and gas sector
A subsidiary of Norwegian offshore vessel owner Eidesvik Offshore has sold and delivered one of its platform supply vessels (PSVs). The post Eidesvik sells platform supplier outside oil and gas sector...
View ArticleValaris books first-quarter loss, looks to emerge from Chapter 11
Offshore drilling contractor Valaris booked a $910 million loss in the first quarter of the year but hopes to re-emerge from bankruptcy sooner rather than later. The post Valaris books first-quarter...
View ArticleFAR shareholders back Sangomar stake sale to Woodside
Shareholders of Australia’s FAR Limited have approved the sale of the company’s Senegal RSSD project, which contains the Sangomar field, to Woodside. The post FAR shareholders back Sangomar stake sale...
View ArticleADM Energy takes control of Barracuda field off Nigeria
Oil and gas investment company ADM Energy has completed the acquisition of a controlling interest in a risk-sharing agreement for the development of the Barracuda field. The post ADM Energy takes...
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