U.S. crude prices were modestly higher on Tuesday as nearly one-fifth of daily oil production was lost from offshore Gulf of Mexico wells due to Hurricane Michael.Oil producers including Anadarko Petroleum Corp, BHP Billiton, BP and Chevron…
Energy companies on Monday halted nearly a fifth of Gulf of Mexico oil production and evacuated staff from 10 platforms as Hurricane Michael intensified and headed for a path up the eastern U.S. part of the Gulf.BHP Billiton, BP, Equinor and…
Norweigan state-oil company Equinor on Monday evacuated personnel from its Titan oil platform in the U.S. Gulf of Mexico ahead of Hurricane Michael, a spokesperson for the company said.Other Gulf of Mexico producers, including BP and Exxon Mobil…
Exxon Mobil said on Monday it was evacuating personnel from a Gulf of Mexico platform as Tropical Storm Michael approached the U.S. Gulf of Mexico.The world's largest publicly traded oil producer does not currently expect the staff reduction at its Lena production platform to impact output…
Norway has again revised up the estimated cost of developing the Martin Linge oil and gas field, which state-controlled Equinor bought from France's Total last year, with the start-up delayed until 2020, according to the fiscal budget.The North…
Offshore vessel owner Solstad Offshore has been awarded a contract with Global Sea Mineral Resources (GSR), part of DEME Group, for its construction support vessel (CSV) Normand Reach.The contract will commence in 4Q 2018 and has a duration of 4-6 months…
The government of Cyprus has invited companies to bid on a new energy exploration zone off the coast of Cyprus, said a report in Kathimerini News.The country decided to only permit energy companies already part of the Cypriot Exclusive Economic Zone to bid on the project…
Oil production at Eni's Arctic Goliat field off the coast of Norway will restart by Friday following maintenance, the company told Reuters on Thursday.The restart had originally been planned for Oct. 1, but Eni extended the outage to carry out…
The six largest heliports in Europe have official launched the North Sea Heliports Alliance (NSHA) to prepare the oil and gas industry for the impending roll-out of offshore wind projects.Aberdeen International Airport is the busiest heliport…
Oil company Petróleo Brasileiro SA, or Petrobras, said on Wednesday it finished a long-term test at the Mero field in the Libra pre-salt area with positive results.The Brazilian company said in a statement that the well used for the test in Mero reached an average production of 58…
Estonian energy company Eesti Gaas has placed an order for an LNG (liquefied natural gas) bunker vessel with bunker tank capacity of 6,000 m3. The new vessel will provide mobile and efficient LNG bunkering for the growing number of LNG-fuelled…
In the latest consolidation in the offshore sector, Nordic American Offshore (NAO) and Canada based Horizon Maritime Services signed a memorandum of understanding (MoU) to form a fleet of 17 ships capable of operating in offshore environments…
Mexico will need to double to about $4 billion its annual oil exploration investment to reverse a 14-year decline in output, a move that will require more funding by Pemex and private producers, a top official with the state-run firm said Friday…
Petrogal, the Brazilian unit of Portugal's Galp, plans to spend $800 million to $1 billion annually in the coming years in Brazil to develop its current oil and gas assets and boost its stake offshore, its chief executive officer said on Thursday…
Malaysian oil and gas exploration and production company Hibiscus Petroleum is aiming to double its oil output in the United Kingdom and Malaysia to 20,000 barrels per day (bpd) by 2021, a senior company executive said on Thursday.It needs an…