Venezuela's national oil company PDVSA is reportedly preparing to resume production from the Corocoro offshore oil field.Reuters said Thursday, citing people familiar with the matter, that PDVSA would use the Cororoco oil to feed its refineries…
Brazilian oil company Enauta said Monday it had completed the transfer of a 50% stake in the Atlanta offshore field, previously held by Barra Energia. Enauta in April said it had received regulatory approval to take full ownership of the Atlanta offshore oil field in Brazil…
Offshore drilling contractor Japan Drilling Co., Ltd. (JDC) has secured an offshore drilling contract with North Oil Company in Qatar.JDC will provide its jack-up drilling rig Hakuryu-10 over a three-year contract at Qatar's giant offshore oil field Al-Shaheen…
BP and Eni said on Wednesday they had entered into talks to merge their oil and gas operations in Angola to form one of Africa's largest energy companies.The two companies have signed a non-binding memorandum of understanding and are in discussions…
Investors in Australia's top two independent oil and gas producers on Thursday rejected an activist group's push to get the companies to spell out plans to wind down their operations to help curb global warming.The resolutions were ultimately…
Derazona Helicopters in Indonesia has ordered an Airbus H160 helicopter to be used to support the country’s oil and gas sector's operations. 'The multi-mission H160 will play an important role in the expansion plans of the Indonesian operator for oil and gas…
Total faced calls from rights groups on Tuesday to suspend payments on operations in Myanmar following a coup, after the oil group said it was worried about the situation while also highlighting the importance of its business there.The French company…
Sweden-based engineering group Trelleborg said Monday it had signed an agreement and finalized the divestment of its offshore oil and gas operation in Skelmersdale, England.'The company is part of the overall offshore operation in the Businesses Under Development reporting segment…
Brazilian oil company Enauta has agreed to take full ownership of the working interest in Block BS-4, offshore Brazil, where the producing Atlanta field is located.The company, previously known as Quireoz Galvao, opted to take over an additional…
Norwegian oil company Aker BP has signed a deal with the recently established Aker Offshore Wind, to speed up the process of decarbonizing oil and gas assets and realizing offshore wind in Norway at large scale.Astrid Skarheim Onsum, Chief Executive Officer of Aker Offshore Wind…
Energy companies, ports and refiners raced on Monday to shut down as Hurricane Sally grew stronger while lumbering toward the central U.S. Gulf Coast, the second significant hurricane to shutter oil and gas activity over the last month.The hurricane…
Sasol Ltd plans to cut jobs and end West African oil operations as part of a business revamp, the petrochemicals producer said on Thursday, and has also agreed a deal with lenders to relax borrowing rules.Sasol has been reviewing its business as it grapples with high debt levels…
Gazprom Neft, the oil branch of Russian gas giant Gazprom, has shipped the 200th consignment of ARCO crude from its Prirazlomnaya offshore platform in the Russian arctic.This milestone shipment was carried out by the Mikhail Ulyanov tanker…
Oil and gas company Spirit Energy has been given the approval to drill an offshore well in the Barents Sea, offshore Norway.The country's offshore oil and gas safety body PSA Norway, said this week that it had given Spirit Energy permission to drill the 7321/8-2 S offshore well…
Offshore drilling contractor Dolphin Drilling has said it has won a two-well contract with Norway-focused oil company Wellesley Petroleum.Wellesley will use the semi-submersible drilling rig Borgland Dolphin for the drilling program on the Norwegian Continental Shelf…