Oil prices eased on Wednesday but were still heading for a fifth consecutive quarter of gains, driven by an impending drop in Iranian exports in the last three months of the year when global demand heats up.Brent crude futures were last down 49 cents on the day at $81…
* The UK's largest union Unite the Union said that offshore oil workers at three of Total's North Sea platforms had accepted a pay offer from the company* The workers have called off future strikes, a union statement said* The workers went on a series of 12 and 24-hour strikes in July and August…
Aker Solutions has signed a strategic, global collaboration agreement with Equinor to ensure mutual and continuous improvement on current and future subsea projects within the domains of safety, quality, technology, execution and cost.'Aker…
Aberdeen-headquartered well management and performance improvement specialist EXCEED Energy has underlined its continued global expansion with a number of significant contract wins, prompting a key appointment and a move into new premises.Recent…
French oil and gas major Total has agreed to take all of Chevron’s share capital in the Danish Underground Consortium (DUC), which will increase its stake in the project and expand its North Sea presence.'Total has agreed to purchase from Chevron all the share capital of Chevron Denmark Inc…
Oil and gas major Total said on Tuesday it expected deepwater oil and gas operations to make a strong contribution to its output and cash flow thanks to major developments in the West Africa's Gulf of Guinea region, Brazil and U.S. Gulf area…
Jumbo has been awarded the transportation and Installation of a FSRU Mooring System including riser and umbilical, off the coast of Aracaju, Sergipe.Jumbo’s Offshore division was awarded the contract by Sapura to perform the transportation and…
Guyana has put planned oil auctions on hold as the impoverished South American country works to establish a Department of Energy to oversee the energy boom, Minister of State Joseph Harmon said on Monday.Since 1999, Guyana has awarded a group…
The subsea field work for the Greenlink interconnector, one of Europe’s most important infrastructure projects, gets under way with the launch of the first of MMT’s survey vessels, MV Franklin.The offshore and nearshore surveying along the proposed…
French oil and gas major Total said it has agreed to take all of Chevron's share capital in the Danish Underground Consortium (DUC), which will increase its stake in the project and expand its North Sea presence.The acquisition comes a day after…
Alpha Offshore Service reports it has completing more than 4,000 offshore wind turbine blade inspections to date in 2018, a company record. This is an increase of 56 percent compared to 2017, which was previously its most productive period.The…
U.S. oil producer Hess Corp has no intention to sell its assets in Asia as the region provides good, steady cash flow and a stable political environment, a senior company executive told Reuters on Tuesday.While the company sold assets in Thailand…
Swedish oil firm Lundin Petroleum expects to increase its resource estimate for the Alta discovery in Norway's Arctic region following a successful two-month production test.Finding significant oil reserves in the Norwegian Arctic has been challenging for oil firms…
For the past few years, depressed commodity prices, stricter regulatory requirements and competition from onshore development at home and from other countries offering attractive offshore lease and royalty terms have had severe impacts on new exploration in the U…
Exxon Mobil Corp , Royal Dutch Shell Plc and other companies will gather on Friday in possibly their last crack at Brazil's coveted offshore oil for another four years, as a wide-open election spurs fears about barriers to foreign investment…
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