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Oil Exploration Is Ramping Up Off Norway
Oil firms are expected to drill 40-50 exploration wells off Norway this year compared to 36 wells drilled the previous year, the Norwegian Petroleum Directorate said on Thursday.The Norwegian continental shelf still held an estimated 4 billion cubic meters (25.2 billion barrels) of oil equivalents in undiscovered petroleum resources, with two-third
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Predictive Software to Optimize FPSO Maintenance
A new test project in Norway looks to employ specialty software for the optimization of floating production storage and offloading (FPSO) maintenance.Lloyd's Register (LR) said it is using its RTAMO software to support AkerBP in an effort aiming to optimize maintenance activities for the Skarv FPSO infrastructure and equipment.RTAMO…
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Hundreds Surf in Record Offshore Gas Protest
Hundreds of Israeli surfers in black skull-and-crossbones shirts took to the waves on Friday in what they said was a record-breaking protest against potential environmental damage from off-shore gas development.Organizers said 992 people, among them athletes and actors, paddled out and held hands to form a circle opposite Herzliya…
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Seacrest Capital Seeks More Norway, UK Oil Deals
Oil and gas-focused private equity firm Seacrest Capital is planning more offshore deals in Norway after buying stakes in two fields from Royal Dutch Shell this week, and is also seeking deals in Britain, a partner at the company said on Friday.Shell said on Wednesday it had agreed to sell its 45 percent interest in the Draugen field and 12 percent
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Schlumberger Wins in US Supreme Court on Patent Damages
The U.S. Supreme Court ruled on Friday that companies can recover profits lost because of the unauthorized use of their patented technology abroad in a victory for Schlumberger NV, the world's largest oilfield services provider.The 7-2 decision overturned a lower court's ruling that had enforced limits on applying U.S.
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Top Shallow Water Driller Raises $225 Mln in Oslo IPO
Shelf Drilling, a Dubai-based contractor for shallow water rigs, raised about $225 million by issuing new shares priced at…
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Lukoil, Eni Discussing Possible Swap of Mexico Licences
Lukoil, Russia's second biggest oil producer, is considering swapping licences with Italy's Eni in Mexico, First Deputy Chief Executive Ravil Maganov
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Norway Oil Workers Threaten to Strike
Some 2,250 workers on Norwegian offshore oil drilling rigs and in drilling and catering services on oil producing platforms could go on strike this su
Latest news
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Equinor Announced Partnership with Microsoft
Equinor partners with Microsoft for cloud services delivered from new cloud data centers in NorwayAs part of a strategic partnership agreement…
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ExxonMobil, Hess Announce Oil Discovery Offshore Guyana
ExxonMobil and the Hess Corporation announced an eighth oil discovery offshore Guyana at the Longtail-1 well, creating the…
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SSE to Enter Seagreen Scottish Offshore Wind Project into Subsidy Auction
British utility SSE plans to enter its Seagreen wind project that lies off the coast of Scotland into Britain's auction for renewable subsidies next y
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Shell Sells $1.3 Billion of Oil and Gas Assets
Royal Dutch Shell announced the sale on Wednesday of oil and gas assets in Norway and Malaysia for over $1.3 billion, bringing it closer to a target o
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Total's North Sea Oilfield Workers Hold Strike Ballot
Britain's biggest labour union is balloting rig workers at three of Total's North Sea oil platforms over a potential strike…
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Macron Approves Offshore Windpower Projects
Leading executives at French energy groups EDF and Engie said on Twitter that several offshore windpower projects had been "confirmed" by President Em
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DNV GL, EU to Promote Offshore Wind Market in Indian
DNV GL, the world’s largest resource of independent energy experts and certification body, is today showcasing the final…
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House Set to Debate Offshore Wind Energy Bills in US Waters
A U.S. House committee will kick off debate next week on three new bills aimed at boosting offshore wind energy leases in…
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Angola's Oil Exports Could Drop to 2006 Lows
Angola's preliminary crude oil export plan for August includes 43 cargoes, down from July's 48 cargoes, according to a loading program on Tuesday.The
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Equinor Awards $3.7 Billion Service Deals
Norwegian oil and gas firm Equinor has awarded drilling and well service contracts worth 30 billion Norwegian crowns ($3.68 billion) to Schlumberger,
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Iraq, Exxon End Talks on Water Treatment Project
Iraq is no longer in talks with Exxon Mobil Corp for the oil major to build a giant water treatment facility vital for the OPEC member to grow its oil
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CNOOC Developing New Deep Sea Gas Block in South China Sea
China's offshore oil and gas producer CNOOC has started developing a new gas field in the South China Sea, the official Xinhua News Agency reported on
Exploration
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ExxonMobil Considers Importing LNG to Australia
ExxonMobil Corp, southeastern Australia's biggest gas supplier, is considering importing liquefied natural gas (LNG) to help…
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Fugro Tallies ROV Services Contracts with Petrobras
Fugro said it has been contracted to provide remotely operated vehicle (ROV) services to support Petróleo Brasileiro S.A.
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Danos Wins Shell Contract
Royal Dutch Shell subsidiary Shell Exploration and Production Company has awarded a contract to Danos to provide coatings…
Drilling
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Hess Warns Focus on Returns Now Will Hurt US Shale Long-term
Investor pressure on oil producers to focus more attention on shareholder returns and less on output will drive down vital…
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Wellsite Taps Roger as VP of Administration
Drilling and completion rental equipment provider Wellsite Fishing and Rental Services, LLC has promoted Jessica Roger to…
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Cairn Buys Into Seacrest-backed British North Sea Oilfield
Cairn Energy has bought a 50 percent stake in the Agar-Plantain oilfields in the British North Sea from Azinor Catalyst,…
Production
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OPEC Reaches Deal to Raise Oil Output
OPEC agreed on Friday to raise oil production by around 1 million barrels per day from July for the group and its allies…
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Oil Falls as OPEC Nears Deal to Raise Production
Oil prices fell on Thursday as crude exporters in OPEC appeared to be nearing a deal to increase production.Benchmark Brent…
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OPEC Strives for New Deal as Iran Wary of Output Hike
OPEC's leader Saudi Arabia and Russia were trying on Thursday to convince fellow oil producers to raise output from July to meet rising global demand…
