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Rowan Reliance Awarded Fieldwood Contract

Oct 30, 2018

Offshore drilling contractor Rowan Companies plc announced Monday that its drillship Rowan Reliance has been awarded a contract in the U.S. Gulf of Mexico by Fieldwood Energy LLC.The contract is for a firm term of one year plus three 90-day options…

Baker Hughes Predicts Oil Market Growth, Misses on Profit

Oct 30, 2018

Baker Hughes, General Electric Co's oilfield services arm, fell just short of estimates for profit in the third quarter while forecasting a rise in North American and foreign markets in 2019 that ran contrary to signals from its peers.The results…

Eni Strikes Deal with Total to Boost Algeria Operations

Oct 29, 2018

Italian oil major Eni said on Monday it had struck a deal to team up with French peer Total to look for oil and gas in Algeria and strengthen its position in the north African country.The two oil companies signed a deal with state-owned Algerian…

Galp, ENI Give Up On Drilling for Oil Near Portuguese Coast

Oct 29, 2018

Portugal's Galp Energia and its Italian partner ENI have abandoned plans to drill Portugal's first deep-water offshore exploration well due to legal problems after injunctions and protests by environmental activists.The project was being prepared…

Norway's Aasta Hansteen Field to Start Producing Gas

Oct 25, 2018

Norway's Aasta Hansteen gas field will start production from Nov. 4 and will feed the system with 12 million cubic metres (mcm) of gas per day, it's largest owner Equinor said on Thursday.The newly connected field, which will send its production to Norway's Nyhamna plant for processing…

Shell Adds New FPSO in Brazil

Oct 25, 2018

New, deep-water production is underway today at the Lula Extreme South in the Brazilian Santos Basin.  Royal Dutch Shell plc, through its subsidiary Shell Brasil Petróleo Ltda. (Shell) and consortium partners, announces that the FPSO P-69 is now producing…

UK's Tullow to Ramp Up Ghana Oil Production

Oct 23, 2018

UK-based Tullow Oil aims to ramp up its oil production in Ghana to 180,000 barrels per day by the end of the year, following successful drilling of additional wells, its Ghana head Kweku Awotwi said on Tuesday.Tullow is confident of sustaining peak production from its two oilfields in Ghana…

Pacific Drilling Bags Eni Contract for Offshore Nigeria

Oct 23, 2018

Offshore ultra-deepwater drilling company Pacific Drilling announced that its deepwater drillship the Pacific Bora has been awarded a contract by Nigerian Agip Exploration Limited (a subsidiary of Eni SpA) for drilling operations in Nigeria…

BP Starts-up Thunder Horse Expansion in Deep-Water Gulf Field

Oct 19, 2018

Energy giant BP said that it has started up the Thunder Horse Northwest Expansion project in the deepwater Gulf of Mexico, four months ahead of schedule and 15 percent under budget.This is the fourth Upstream major project to begin production for BP globally so far this year…

Shell to Invest $2 Bln Annually to Explore in Brazil

Oct 18, 2018

Royal Dutch Shell plans to invest $1 billion to $2 billion annually in oil exploration and production in Brazil through 2025, Brazilian newspaper Valor Economico reported on Thursday.The investment will be made regardless of the outcome of presidential election Oct…

Eni Wins Offshore Mozambique Block

Oct 18, 2018

Italian oil and gas major Eni has signed in Maputo the contract for the exclusive exploration and development rights of the offshore block A5-A, in the deep waters of the Northern Zambezi Basin, approximately 1,500 km to the north east of the capital Maputo…

Offshore Drillers Eye Recovery by 2020

Oct 15, 2018

Battered oil and gas drilling companies are finally seeing piecemeal signs that the prices they charge for offshore rigs are bottoming out with Brent crude selling for more than $80 a barrel and some are forecasting a full turn in the market by 2020…

Wintershall Struggles to Boost Output from Norway's Maria Field

Oct 15, 2018

German oil firm Wintershall's flagship project in Norway - the Maria oil and gas field - is not meeting output expectations due to water injection issues, the company said on Monday.The field, which started nine months ahead of schedule at end-2017…

Shell Sees Nigeria Corruption Trial Lasting Many Months

Oct 11, 2018

Royal Dutch Shell expects a landmark corruption trial over a Nigerian oil deal to last many months, warning staff of continued critical media coverage in the $1.3 billion case, according to an internal memo seen by Reuters.Shell's Legal Director…

BMT Wins Marine Monitoring Contract with BP

Oct 08, 2018

BMT has won a contract to provide multiple marine monitoring systems for BP’s new Mad Dog Phase 2 semi-submersible floating production facility in the Gulf of Mexico. These systems will play an important role in ensuring the day to day operations of the facility are conducted safely…

Current News

Hezbollah Warns Israel against Drilling in Disputed Waters

Hezbollah Warns Israel against Drilling in Disputed Waters

Brent Crude Prices Hits Highest Since October 2018

Brent Crude Prices Hits Highest Since October 2018

FSRU: Nakilat, Karpowership sign MoU

FSRU: Nakilat, Karpowership sign MoU

LNG Demand to Rise 25-50% By 2030 - Morgan Stanley

LNG Demand to Rise 25-50% By 2030 - Morgan Stanley

Upgrading Offshore Rig DP Systems Could Cut CO2 Emissions by 5,000t a Year, ADC Energy Says

Upgrading Offshore Rig DP Systems Could Cut CO2 Emissions by 5,000t a Year, ADC Energy Says

Model Testing Complete for Delta Offshore Energy's 3.2GW LNG-to-Power Project

Model Testing Complete for Delta Offshore Energy's 3.2GW LNG-to-Power Project

QatarEnergy Farms Into ExxonMobil's Block Offshore Canada

QatarEnergy Farms Into ExxonMobil's Block Offshore Canada
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