Officials in Equatorial Guinea say ExxonMobil has struck oil with the Avestruz-1 well drilled by the company in October. It’s now being assessed for its commercial potential.
Pakistan and Russia have reached an understanding to sign a multi-billion dollar offshore gas pipeline deal in a couple of weeks, ignoring pressure from the United States that has fiercely opposed the building of Iran-Pakistan (IP) gas pipeline for years.
Statoil has signed a contract with SBM Offshore for delivery of the turret mooring system on the floating production ship (FPSO) for the Johan Castberg field.
Statoil has given the green light to the biggest offshore project of 2017, a $6 billion development in the Barents Sea called Johan Castberg. The field is believed to hold about 450-650 million barrels of oil, which would be a significant boost to the Norwegian state oil company's portfolio.
Maersk Oil is pleased to announce that the Danish Underground Consortium (DUC) has approved an investment of approximately 21bn DKK in the full redevelopment of the Tyra gas field. The announcement follows the Danish Parliament’s approval to implement legislation to secure the investment.
Abu Dhabi Ship Building PJSC (ADSB), a leading provider of construction, repair and refit services for naval, military and commercial vessels, announced today that it has expanded its services portfolio to the oil and gas industry. This is the company’s first foray outside of the naval, marine and defense sector, as it opens up to opportunities beyond its traditional industries of focus.
Suncor released its 2018 corporate guidance today which includes a capital program of between $4.5 and $5.0 billion and average upstream production of 740,000 to 780,000 barrels of oil equivalent per day (boe/d). The midpoints of these ranges represent a year over year production increase of more than 10 per cent and a capital spending reduction of approximately $750 million.
Mercator Petroleum owns two oil and gas blocks in the Cambay basin and also operates offshore oil blocks
The Bureau of Safety and Environmental Enforcement has proposed rolling back safety measures put in place after the 2010 Deepwater Horizon oil spill.
Norwegian geophysical company TGS and Texas-based Schlumberger started working on their new 2D seismic project on the Red Sea, an official source in the Ministry of Petroleum said.
Canadian National Railway is testing the commercial viability of shipping dry pellets of heavy crude by rail, a process it says lessens environmental risk and could unlock offshore markets for the country's energy producers.
The Global Marine Group (GMG), a market leader in offshore engineering services to the telecommunications, renewables and oil & gas industries, announced today the launch of Global Offshore, a new business unit that will deliver trenching and power cable laying services to the oil & gas sector.
Petrogress, Inc. (OTC:PGAS) announces that its Petrogress Int’l, LLC (“PIL”) subsidiary has entered into a Memorandum of Understanding (“MOU”) with EDT Agency Services, Ltd. (“EDT Offshore”) to combine the companies’ operations at the Port of Limassol and additional port facilities in Cyprus. The MOU covers shorebase and offshore support services from the Port of Limassol, as well as future developments at Vassiliko Energy Port, where the Cyprus Port Authority has announced plans for a US$300 million industrial and energy harbor. The joint operations will be conducted under PIL’s PG Cypyard & Offshore Terminal Services Ltd. (“PGC”).