Petrofac will develop procedures comprising all offshore operations, including subsea, floating production storage and offloading (FPSO) and hub. It is intended to reduce risk and harm to personnel, plant and...
The US Department of the Interior (DOI) has revoked rules proposed earlier by the former...
Global crude oil prices have soared following the closure of the Colonial Pipeline’s critical fuel supply pipeline system due to...
COSL Drilling Europe has secured a four-year frame contract from oil producer OKEA for drilling units on the Norwegian Continental...
China’s state-owned firm China National Offshore Oil Corporation (CNOOC) has commenced production from the Liuhua 29-2 deepwater gas field located...
Located in water depths between 600m and 1,200m, the project is being developed with an investment of $1.2bn and involves the drilling of nine wells. These wells are tied back…
Owned by Northern Drilling’s spin-off company Northern Ocean, the West Mira drilling rig is managed by Seadrill. The termination follows the extended downtime period due to an equipment failure reported…
Larger oil and gas companies have started publishing their Q1 2021 results, showing massive gains from growing demand. Several companies returned to increasing their dividends after pausing or reducing payments…
In the new bidding round, Petrobras is revealing previously unavailable information from the Golfinho cluster production well, which was drilled last year, Reuters reported. The company will accept bids from…
Located in the shallow water in Block 3(a) within the Greater Angostura Field, the Ruby Project secured BHP’s $283m funding approval in 2019. The project involves oil and gas production…
ConocoPhillips has swung to the first-quarter profit of $1bn from a loss of $1.7bn a year ago, primarily driven by a rebound in global oil prices. For the three months…
© Copyright Verdict Media Limited 2021
