Latest News

Energy Ventures to invest $200m in North Sea businesses

Independent private equity firm Energy Ventures has allocated $200m to stimulate North Sea businesses amid challenging times for the oil and gas industry....

Energy Ventures to invest $200m in North Sea businesses

Oil prices increase by more than 1%

Oil prices have risen by more than 1% following a commitment from OPEC to cut production....

Oil prices increase by more than 1%

Shell and partners start drilling in Mafia Deep basin in offshore Tanzania

Shell and joint venture partners Pavilion Energy and Ophir Energy have started a drilling programme covering two wells in Block 1 and 4, located in the Mafia Deep basin off Tanzania....

Shell and partners start drilling in Mafia Deep basin in offshore Tanzania

Deals this week: Statoil, KrisEnergy, Wintershall Norge

Statoil ASA intends to raise $660.11m through issuing 0.75% notes in a public offering....

Deals this week: Statoil, KrisEnergy, Wintershall Norge

Wellesley Petroleum to seek around 40 licences in offshore Norway

Oil firm start-up Wellesley Petroleum plans to secure around 40 licences in oil and gas fields in offshore Norway....

Wellesley Petroleum to seek around 40 licences in offshore Norway

IKM Cleandrill gets Wintershall multi-well mud recovery contract

Wintershall Norge has awarded IKM Cleandrill a contract to provide mud recovery services on multiple offshore...

IKM Cleandrill gets Wintershall multi-well mud recovery contract

Statoil submits plan for operations at Trestakk field in offshore Norway

Statoil has submitted a plan for development and operation of Trestakk discovery on the Halten Bank to the Norwegian Ministry of Petroleum and Energy....

Statoil submits plan for operations at Trestakk field in offshore Norway

Oil prices fall as API report indicates larger inventory build-up

Oil prices have dropped after a trade group's report indicated that US crude inventory stock was nine times higher than previously believed....

Oil prices fall as API report indicates larger inventory build-up

Petrofac secures contract extension from Mubadala Petroleum

Mubadala Petroleum has signed agreement with Petrofac to modify and extend contracts related to the FPF-003 floating production, storage and offloading vessel in the Jasmine field in the Gulf...

Petrofac secures contract extension from Mubadala Petroleum

Lukoil begins production at Vladimir Filanovsky field in Caspian Sea

Russian oil company Lukoil has started commercial production from Vladimir Filanovsky field in the Caspian Sea....

Lukoil begins production at Vladimir Filanovsky field in Caspian Sea

DNV GL launches technology qualification scheme for accurate gas flow metering

DNV GL has introduced a new technology qualification scheme to assure accuracy of gas-flow metering in field conditions....

DNV GL launches technology qualification scheme for accurate gas flow metering

Deals this week: Cooper Energy, Helix Energy Solutions, Petrobras

Cooper Energy Limited intends to issue up to 219,596,482 shares each priced at $0.22 through a non-renounceable rights offering to raise approximately $48m....

Deals this week: Cooper Energy, Helix Energy Solutions, Petrobras

Petrobras and Total partner for worldwide upstream and downstream projects

Petrobras and Total have signed a memorandum of understanding (MoU) for a strategic alliance covering upstream and downstream activities in Brazil and worldwide....

Petrobras and Total partner for worldwide upstream and downstream projects

Edvard Grieg oil platform offshore Norway fitted with noise enclosures

Compressors on the Edvard Grieg oil platform 160km from the Norwegian coast have been fitted with noise enclosures....

Edvard Grieg oil platform offshore Norway fitted with noise enclosures

Report: Brazil to have highest number of planned projects in operation by 2025

An estimated 215 key oil and gas projects in 45 countries are scheduled to start operations by 2025, according to a report by GlobalData....

Report: Brazil to have highest number of planned projects in operation by 2025

Deals this week: Royal Dutch Shell, Fairmount Santrol, Pemex

Royal Dutch Shell plc has unveiled its plans to sell 16 upstream oil and gas assets for approximately $8bn....

Deals this week: Royal Dutch Shell, Fairmount Santrol, Pemex

M&As this week: Oceaneering International, Logan International

Oceaneering International has completed the acquisition of Ocean Technologies with a cash consideration of $30m....

M&As this week: Oceaneering International, Logan International

Quadrant Energy performs successful test at Roc-2 well, Western Australia

Quadrant Energy has announced a successful well test at the Roc-2, 165km north of Port Hedland in Bedout basin, Western Australia....

Quadrant Energy performs successful test at Roc-2 well, Western Australia

Faroe Petroleum announces discovery at Njord North Flank in Norwegian Sea

Faroe Petroleum has reported an oil and gas discovery at the Njord North Flank in the Norwegian Sea....

Faroe Petroleum announces discovery at Njord North Flank in Norwegian Sea

Polarcus signs multi-client collaboration and vessel agreement with TGS

Polarcus Limited has entered a memorandum of understanding (MoU) to collaborate with TGS-NOPEC Geophysical Company (TGS) to jointly develop selected 3D multi-client projects....

Polarcus signs multi-client collaboration and vessel agreement with TGS

Oceaneering acquires Blue Ocean Technologies for $30m

Oceaneering International has completed the $30m asset purchase of Blue Ocean Technologies, a privately held provider of riserless light well intervention (RLWI) services....

Oceaneering acquires Blue Ocean Technologies for $30m