Oil and gas company BW Energy said Monday that its DHBSM-1 appraisal well has encountered commercial volumes of oil in the Hibiscus South satellite prospect, offshore Gabon.The company said it planned to return to the well to complete it as a production well in early 2024…
The British government plans to legislate to mandate annual North Sea oil and gas licensing rounds, in a move Prime Minister Rishi Sunak says would create certainty for the industry during a transition to greener energy.In July the government…
Energy and marine consultancy ABL said Monday it had won a contract with offshore drilling firm Velesto Drilling to provide marine warranty survey (MWS) services relating to the rig operator’s rig moves offshore Malaysia.ABL will also support Velesto Drilling with rig moves to adjacent countries…
Oil and gas company Kosmos Energy said Monday it had increased its working interest to 90% and assumed operatorship of the 'world-scale ' Yakaar-Teranga gas discoveries offshore Senegal. The increase in working interest follows BP’s exit from the field…
Shell plans to drill two more wells in Namibia over the next 6 to 9 months, with the energy giant citing 'encouraging data' for the possible development of a new oil basin in the southern African country, CEO Wael Sawan said on Thursday.Shell plans to drill one exploration well…
Norway's Equinor has discovered oil and gas four kilometers west of the Oseberg field in the North Sea in two separate formations, the Norwegian Petroleum Directorate said on Friday.The combined volume of crude and natural gas in the Eiriksson and Cook formations was estimated at between 2…
Malaysia's state-owned oil firm Petronas has discovered several oil-bearing layers in an exploration well off the coast of Suriname, state oil firm Staatsolie said in a statement on Thursday.Suriname's offshore exploration areas are adjacent to Guyana…
UK North Sea-focused oil company Ithaca Energy has completed the acquisition of the remaining 40% stake in the Fotla offshore discovery and three exploration licenses - P.213 Area C, P.345 Area A and P.2536 - from Spirit Energy. The acquisition…
Offshore drilling contractor Noble Corp. on Tuesday released a fleet status report, according to which the company has secured contracts for six offshore drilling rigs since its previous fleet report issued on August 2, 2023.The company has secured contracts for three drillships—the Noble Valiant…
Offshore drilling firm Transocean posted a net loss of $220 million for the third quarter of 2023, on revenues of $713 million.Net loss was higher compared to $165 million in the second quarter of 2023.Contract drilling revenues for the three months ended September 30…
Israel's Energy Ministry said on Sunday it had awarded 12 licenses to six companies to explore for natural gas off the country's Mediterranean coast, aiming to create more competition and diversify suppliers.The license awards, which came as the Israel-Hamas conflict entered its fourth week…
Scottish offshore trade union Unite said Friday that hundreds of Odfjell offshore drillers were being balloted in a dispute over working rotas and paid annual leave.The dispute involves crews on Equinor’s Mariner platform and TAQA platforms including Harding…
Oil production consortia led by TotalEnergies and Exxon Mobil bid on separate shallow-water oil and gas blocks in Guyana's first competitive auction, a government official said in a briefing on Thursday.The official disclosed which companies…
A U.S. appeals court on Thursday temporarily paused a federal judge's order last month that had required the Biden administration to expand a planned offshore oil and gas auction in the Gulf of Mexico by 6 million acres (2.4 million hectares)…
An appraisal well drilled by a consortium led by Exxon Mobil in Guyana has resulted in a 'significant discovery' of oil and gas, the South American country's energy ministry said on Thursday.The Lancetfish-2 well results mark the fourth offshore discovery in the country this year…
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