Maersk wins two deepwater drilling contracts in Suriname from Total
Danish offshore drilling rig operator Maersk Drilling has received a contract from French oil major Total to supply two deepwater…
19 Jan 2021
Romania’s OMV Petrom to invest €32m in new Black Sea drilling campaign
OMV Petrom has earmarked approximately €32m for the drilling campaign at two new development wells in the shallow waters of the Istria block, in the Black Sea. The Romanian oil…
19 Jan 2021
Oil prices inch up despite rising concerns over fuel demand
Brent oil prices have edged up slightly in spite of rising concerns that renewed Covid-19 pandemic lockdowns could affect global fuel consumption. Brent crude rose by $0.20, or 0.4%, to…
18 Jan 2021
Marubeni mulling to divest oil and gas fields in UK North Sea
Japanese firm Marubeni is reportedly considering selling its main oil and gas fields in the UK North Sea. The company, which is working with Jefferies Financial Group, intends to divest…
18 Jan 2021
Exxon Mobil fails to encounter oil at Hassa-1 exploration well
Exxon Mobil has reportedly failed to find hydrocarbon resources following drilling at the Hassa-1 exploration well in the Stabroek block offshore Guyana. Covering 6.6 million acres, the Stabroek Block is…
18 Jan 2021
Oil prices drop due to rise in Covid-19 infection
Oil prices dropped further after touching an 11-month high last week due to rise in Covid-19 infections, which has dimmed the market outlook. Brent crude dropped by $0.30, or 0.5%,…
15 Jan 2021
Incident on BW Offshore-operated Espoir Ivoirien FPSO claims two lives
Floating production storage and offloading (FPSO) vessel operator BW Offshore has confirmed that two workers have died following an incident on board its ‘Espoir Ivoirien’ FPSO. The FPSO was operating…