Transocean books third quarter profit
Offshore drilling contractor Transocean booked a profit in the third quarter of 2020 backed by a gain on restructuring and retirement of debt, offset by a loss on disposal of assets. Transocean on...
View ArticlePetrofac closes sale of Mexican operations but plans legal action against...
Oilfield services provider Petrofac has completed the disposal of its non-core assets in Mexico to Perenco, but the two companies have entered into a dispute related to this transaction. Petrofac...
View ArticleDana adds more oil to Triton FPSO with new North Sea well
Oil and gas company Dana Petroleum has started production from a new well on the Bittern field located offshore the UK. The well is tied back to Dana’s Triton FPSO. In an update last Friday, Tailwind...
View ArticleOil & gas production in Gulf of Mexico coming back online after hurricane
Oil and gas operators in the U.S. Gulf of Mexico are returning to their offshore facilities following Hurricane Zeta, which at its highest point closed up to 85 per cent of oil and 58 per cent of gas...
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Baker Hughes in energy transition push with 3C buy
Lorenzo Simonelli, chairman and CEO of Baker Hughes Oilfield services player Baker Hughes is acquiring a pioneering technology development company Compact Carbon Capture (3C). The agreement includes...
View ArticleNigerian operator produces first oil from shallow-water project
Nigerian operator First E&P has started oil production from a shallow-water project located offshore Nigeria through the Abigail-Joseph FPSO. The Yinson-owned Abigail-Joseph FPSO is a redeployment...
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Santos inks new domestic gas deal
Australian LNG player Santos has signed a new deal for the supply of natural gas to the domestic market. Courtesy of Santos Santos signed the new gas sales deal with Western Australian energy...
View ArticlePacific Drilling to delist from NYSE following Chapter 11 filing
Trading of Pacific Drilling common shares on the New York Stock Exchange (NYSE) has been suspended and the drilling contractor is facing delisting following its Chapter 11 filing last week. Pacific...
View ArticleIOG still on schedule for Core Project first gas in 3Q 2021
UK-based Independent Oil and Gas (IOG) is still on target to achieve first gas from Phase 1 of its Core Project in the UK Southern North Sea (SNS) in the third quarter of 2021. IOG said on Wednesday...
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Rystad: Biden win could benefit short-term oil demand, but Trump win could be...
Looking at different energy visions of the two U.S. presidential candidates, Rystad Energy believes that if Trump should win it may make oil prices great again while Biden effect is more mixed. The...
View ArticleSearcher in 2D and 3D seismic project off South Africa
Australia-based Searcher Seismic has announced a new multi-client 2D and 3D seismic rectification project offshore South Africa. The project is in collaboration with the Petroleum Agency of South...
View ArticleGazprom boasts ‘record-high’ gas inflow on Kara Sea shelf
Russian oil major Gazprom has reported ‘record high’ results following a test of the upper levels of an exploration well at the Leningradskoye field. The well in question was responsible for the...
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Tamarind buys Galoc FPSO from Rubicon
Malaysian player Tamarind Resources has bought the FPSO Rubicon Intrepid, which is operating on the Tamarind-operated Galoc field located offshore Philippines, from Rubicon Offshore and leased it back...
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BP to sell London headquarters for $324 million
Oil major BP is reportedly close to selling its global headquarters in central London for around $324,4 million under an accelerated schedule for the overhaul of the company. Citing people with...
View ArticleShell joins South African block close to Total’s gas discoveries
Privately-owned exploration company Impact Oil & Gas has entered into an agreement with Shell for the farm-out of a 50 per cent working interest and operatorship in the Transkei & Algoa...
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Petrobras sets up exec team to lead transition to low-carbon
Brazilian oil and gas giant Petrobras has decided to create a climate change executive management, reinforcing the growing importance of the activities related to the low-carbon transition in the...
View ArticleMaersk Drilling wins new job in Dutch North Sea but loses another one in UK
Maersk Drilling has secured a contract from Petrogas in the Dutch North Sea for the harsh environment jack-up rig Maersk Resilient, but it has also received a cancellation for a UK North Sea job....
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Shell gets extra time to process data for North Sea gas prospect
Oil major Shell has reaffirmed its commitment to drill an exploration well on the Pensacola gas prospect in the UK North Sea together with its partner Deltic Energy after getting a short extension...
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Apache sets aim for fifth Suriname well
Oil and gas company Apache Corporation has selected its fifth exploration well offshore Suriname in Block 58 and filed appraisal plans for two previous discoveries. Apache said in its third-quarter...
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Petrobras kicks off binding phase for Ceará Cluster sale
Brazilian oil major Petrobras has kicked off the binding phase for the sale of its ownership in shallow-water fields in the Ceará Cluster offshore Brazil. The Ceará Cluster is located at a distance of...
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