U.S. energy firms this week cut the number of oil and natural gas rigs operating for a third week in a row to the lowest since December 2021, energy services firm Baker Hughes BKR.O said in its closely followed report on Friday.The oil and gas rig count…
ExxonMobil and Qatar Energy on Friday began exploratory drilling for natural gas in a prospect west of Cyprus, Cyprus President Nikos Christodoulides said on X.The east Mediterranean has yielded some major gas discoveries in recent years, and…
Orlen Upstream Norway has drilled a dry well as part of exploration campaign in the southern part of the Norwegian Sea.The wildcat well 6305/10-1 was the first exploration well in production license 1055, which was awarded in 2020 (Awards in predefined areas (APA) 2019)…
Kuwait Oil Company (KOC) has made a discovery of hydrocarbon resources with large commercial quantities at the Al-Jlaiaa offshore field, estimated at 800 million of medium-density oil barrels and 600 billion standard cubic feet of associated gas…
U.S. President Donald Trump signed an executive order on Monday repealing former President Joe Biden's efforts to block oil drilling in the Arctic and along large areas off the U.S. coasts, according to the White House.Biden this month banned new offshore oil and gas development along most U…
The Norwegian Offshore Directorate has granted OMV (Norge) a drilling permit for a wildcat well in the North Sea.The permit is for wellbore 35/6-6 in production license 1109.OMV (Norge) is the operator of the license with 30% interest, with partners DNO Norge (30%)…
National Ocean Industries Association President Erik Milito issued the following statement regarding the inauguration of President Donald Trump:'American offshore energy stands as a cornerstone of our nation's greatness. We are committed to…
ExxonMobil Egypt, a subsidiary of U.S. oil giant ExxonMobil, has made a gas discovery as part of a drilling campaign in the North Marakia Block offshore Egypt.The drilling of the Nefertari 1 well at an area with at a water depth of 1,720 meters…
Rex International Holding Limited (Rex International Holding Group) announced that its subsidiary Lime Petroleum AS (LPA) has been offered a 33.8434 per cent participating interest in a new offshore licence in the 2024 Awards in Predefined Areas (“APA 2024”) round in Norway…
Oil prices fell back slightly on Thursday, a day after settling at multi-month highs on U.S. President Joe Biden's latest sanctions targeting Russia and a larger than forecast fall in U.S. crude stocks.Brent crude futures were down 12 cents…
Trendsetter Vulcan Offshore (TVO), a developer of innovative solutions for the offshore industry, has engaged Finlay Johnston, through 4C Global Consultancy, to lead business development efforts for TVO in the UK.“We recently appointed a country…
BP will cut over 5% of its global workforce, it said on Thursday, as part of CEO Murray Auchincloss' efforts to reduce costs and rebuild investor confidence in the energy giant.Around 4,700 employees and 3,000 contractor positions will be cut this year…
Aker BP and its partner Concedo have drilled a dry well near the Bøyla field in the North Sea.The well, 24/12-8 S or ‘Rumpetroll South’, is a follow-up to the discovery made in well 24/9-13 – ‘Rumpetroll’, in 2019.Both wells are located in production license 869…
Today, the Bureau of Ocean Energy Management (BOEM) announced a final rule that implements the 2025 inflation adjustments for the maximum daily civil monetary penalties contained in BOEM regulations in accordance with Federal law.The Federal…