Texas-based exploration and production company Beacon Offshore Energy has completed the divestment of its non-operated interests in deepwater fields in the Gulf of Mexico.The move is in accordance with a previously executed definitive agreement with GOM 1 Holdings…
Masirah Oil, a majority-owned subsidiary of Rex International, has started multi-well drilling program at Yumna field offshore Oman, using the Energy Emerger jack-up drilling rig.The spudding of the Yumna-5 well in at Yumna field in Block 50 concession started on March 28…
MODEC has secured the Front-End Engineering and Design (FEED) contract for a floating production storage and offloading (FPSO) system for Shell’s Gato do Mato development, offshore Brazil.Gato do Mato FPSO will be moored at a water depth of approximately 2…
SundaGas Banda Unipessoal, a subsidiary of UK-based oil and gas company Baron Oil, has completed geophysical site surveys at the planned drilling location for the Chuditch-2 appraisal well, offshore Timor-Leste, and is planning to start a new one next month…
UK oil and gas company Baron Oil has decided to surrender the UK license P2478 to North Sea Transition Authority (NSTA) following delays with the acquisition of 3D seismic data for the block, located in the Inner Moray Firth area of the North Sea…
U.S. energy firms this week cut the number of oil and natural gas rigs operating for a second week in a row for the first time since mid-January, energy services firm Baker Hughes BKR.O said in its closely followed report on Thursday.The oil and gas rig count…
TotalEnergies has informed that the restart of production from the Tyra facilities is progressing according to plan, with the first gas expected to be exported to the Danish market from the new Tyra II system on March 28, 2024.TotalEnergies…
Australian oil and gas company Beach Energy has set out plans to lay off 30% of workforce across its business as part of a comprehensive strategic review which aims to deliver increasing returns to shareholders and increase efficiency.The first…
British North Sea-focused oil producer EnQuest narrowed its annual loss to $30.8 million last year, down from a $41.2 million loss in 2022, it said on Thursday.The company also announced its first shareholder return in the form of a $15 million share buyback this year…
Oilfield services firm Petrofac has secured a contract extension with ONEgas West, a joint venture operated by Shell and Nederlandse Aardolie Maatschappij (NAM).The two-year brownfield Engineering, Procurement and Construction (EPC) contract award extends the previous three-year contract…
Acteon Group, the international offshore energy infrastructure services business, has been acquired by private equity investors Buckthorn Partners and One Equity Partners (OEP).Buckthorn and OEP are making a substantial investment in the business…
Global Energy Group (GEG) has completed the fabrication of two towheads at the Port of Nigg on behalf of Subsea7, for the Aker BP Valhall PWP - Fenris field in the southern North Sea.The two towheads come complete with equipment interface support frames and buoyancy tank interface frames…
McDermott has been awarded a ‘sizeable’ offshore transportation, installation and commissioning contract from PTTEP Sabah Oil Limited (PTTEP) for the Kikeh subsea gas lift project, offshore Sabah in East Malaysia.Under the scope of the contract…
Abu Dhabi's national oil firm ADNOC has announced the start of crude oil production from its Belbazem offshore block, operated by Al Yasat Petroleum, a joint venture between ADNOC and China National Petroleum Corporation (CNPC).Located 120 kilometers northwest of Abu Dhabi city…
Ithaca Energy has been given a four-week exclusivity period by Italy's Eni to make an offer for UK exploration and production assets that could expand its output massively, the London-listed company said on Wednesday.Buying those assets, including those of Eni's recently acquired Neptune Energy…