Malaysian oil and gas company Petronas has completed the farm-down of 50% of...
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IOG selects Petrofac as operator for Core gas project in North Sea
UK-based development and production firm Independent Oil & Gas (IOG) has awarded the Phase 1 well management contract to Petrofac for its Core Project gas development in the North Sea.
OMV receives permit to drill Norwegian Sea appraisal well
Austrian oil and gas company OMV is set to drill an appraisal well in the Norwegian Sea following an offshore safety approval and the receipt of a drilling permit from the Norwegian Petroleum Directorate.
Impact of Covid-19 on European refinery sector
The market for transportation fuel has been nearly wiped out due to nation-wide lockdowns across Europe since early March. With inventories piling up rapidly, European refiners are faced with challenges such as increased inventory costs as well as deterioration of fuel products such as gasoline and jet fuel over long storage duration.
Bahamas Petroleum signs rig contract for exploration well
Explorations and production firm Bahamas Petroleum Company (BPC) has signed an offshore drilling rig contract with Stena Drilling to use its drilling rig for the Perseverance #1 well offshore Bahamas.
Younger generations look to shelter wealth abroad as the economic impacts of Covid-19 hit
While offshore investments are more prominent in the HNW space, with 32.5% of HNW wealth booked abroad, increasingly easy access to overseas markets is also driving more retail wealth abroad.
Barzan Gas Project, North Field, Persian Gulf
Involving both offshore and onshore developments, Barzan Gas Project is a vital project expected to sustain and fuel the ongoing and future major infrastructural projects in Qatar.
ConocoPhillips receives consent to use Valaris rig for Ekofisk wells
Oil and gas exploration company ConocoPhillips has received consent from the Norwegian offshore safety watchdog to use a Valaris rig for plugging and abandonment on the Ekofisk field.
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