Latest News

OMV finds oil at Wisting appraisal well in Barents Sea

Oil and gas company OMV (Norge) has discovered oil at 7324/8-1 (Wisting) in the Barents Sea after drilling appraisal well 7324/8-3 located within production licence 537....

OMV finds oil at Wisting appraisal well in Barents Sea

Statoil and Eni hire Bristow helicopters for offshore operations

Statoil and Eni hire Bristow helicopters for offshore operations

Oil prices remain stable as fall in OPEC supplies offsets rising US production

Oil prices have remained largely stable as the Organization of the Petroleum Exporting Countries (OPEC) countries indicated a fall in supplies but the impact was largely offset due to rising...

Oil prices remain stable as fall in OPEC supplies offsets rising US production

Inpex to gain 40% interest in Barents Sea exploration licence

Inpex has entered an agreement with Bayerngas Norge to acquire a 40% participating interest in PL767 exploration licence in the western Barents Sea, Norway, for an undisclosed...

Inpex to gain 40% interest in Barents Sea exploration licence

Qinterra unites two well intervention companies

Qinterra Group has united operations of its North Sea well intervention specialist Altus Intervention and international technology arm Qinterra Technologies to form a global company that...

Qinterra unites two well intervention companies

Oil prices improve over fall in rig count

Oil prices have improved over the reports of fall in US drilling activity and with the support of rising refinery production after the impact of hurricane...

Oil prices improve over fall in rig count

BP-led partners sign PSA deal for Azerbaijan offshore fields

The Government of Azerbaijan and the State Oil Company of the Republic of Azerbaijan (SOCAR) have signed an amended and restated agreement with BP-led group for the joint development and...

BP-led partners sign PSA deal for Azerbaijan offshore fields

Wood Group secures CNOOC subsea contract in South China Sea

Wood Group has won a new contract to support China National Offshore Oil’s (CNOOC) Lingshui 17-2 gas development in the Qiongdongnan basin of the South China...

Wood Group secures CNOOC subsea contract in South China Sea

Deals this week: GulfSlope Energy, Seadrill, Shell

GulfSlope Energy Inc and Texas South Energy Inc have agreed to farm-out 75% working interest in oil and gas prospects in the offshore Gulf of Mexico, US, to an international oil and gas...

Deals this week: GulfSlope Energy, Seadrill, Shell

Report: Global oil and gas production projected to increase by 2021

Report: Global oil and gas production projected to increase by 2021

Borr Drilling gains offshore Gabon jack-up work

Borr Drilling has accepted the letter of intent (LoI) from BW Energy Dussafu to carry out a drilling campaign in offshore Gabon....

Borr Drilling gains offshore Gabon jack-up work

Oil prices steady after strong gains due to higher demand forecast

Oil prices have remained steady following significant gains in the earlier session after the International Energy Agency (IEA) predicted stronger demand....

Oil prices steady after strong gains due to higher demand forecast

Seadrill announces restructuring plan to raise $1bn capital

Offshore driller Seadrill has secured nearly $1.06bn of new capital after entering a restructuring agreement with more than 97% of its secured bank lenders, nearly 40% of its bondholders and...

Seadrill announces restructuring plan to raise $1bn capital

Byron hires Ensco jack-up rig for Gulf of Mexico drilling campaign

Byron hires Ensco jack-up rig for Gulf of Mexico drilling campaign

Oil prices decline as US crude stocks soar

Oil prices have slipped on the reports of a significant increase in US crude inventories despite holding some gains of the previous trading session after OPEC predicted higher demand next year....

Oil prices decline as US crude stocks soar

Shell and Petrobras sign deal to develop pre-salt fields in Brazil

Shell and Petrobras sign deal to develop pre-salt fields in Brazil

Baker Hughes wins subsea contract in Mediterranean Sea

GE company Baker Hughes (BHGE) has received a major subsea contract from Petrobel under phase two of the Zohr gasfield development in the Mediterranean Sea off the Egyptian coast....

Baker Hughes wins subsea contract in Mediterranean Sea

Oil prices down as traders determine US hurricanes impact

Oil prices down as traders determine US hurricanes impact

Origin Energy signs deal to increase Otway Project stake

Origin Energy has entered an agreement that will enable its wholly owned subsidiary Lattice Energy to acquire Benaris International's 27.77% interest in the Otway Gas Project Joint...

Origin Energy signs deal to increase Otway Project stake

Energean secures Katakolo field development approval, offshore Greece

Energean Oil & Gas has received approval to develop its 100%-owned and operated offshore Katakolo field in western Greece, its third project in the country....

Energean secures Katakolo field development approval, offshore Greece

Babcock wins contract for Centrica Storage assets in North Sea

UK-based company Babcock has secured a decommissioning contract from Centrica Storage for Rough 47/8A platforms and associated infrastructure in the southern North Sea....

Babcock wins contract for Centrica Storage assets in North Sea
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