Saudi oil and gas drilling contractor ADES Holding has secured a $21.8 million drilling contract with Brittania-U for its Admarine 504 jack-up drilling rig, marking its first entry to the Nigerian offshore oil and gas sector.ADES and Admarine 504’s current client in Saudi Arabia have mutually agreed to suspend the rig’s operation in the country, while retaining the remaining backlog value with the group’s client by way of extending the original term of the temporarily suspended contract…
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…
Norwegian offshore vessel owner Solstad Offshore has secured contracts with undisclosed clients for three of its offshore support vessels.The vessels that have been hired are Normand Jarstein, Normand Australis, and Normand Scorpion.Normand…
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…
Greece will launch a tender for new gas exploration rights in its southwestern waters on Friday after an expression of interest by U.S. oil producer Chevron, the Greek energy minister said.Chevron submitted its non-binding interest to explore…
Copenhagen Infrastructure Partners (CIP) and Vena Energy have secured an offtake contract in the 2024 Wind Power Fixed-Price Contract Auction arranged by the Korea Energy Agency (KEA) for their joint offshore wind project Taean Wind Power.The Taean Wind Power project…
Petrobras has started the binding phase for the total transfer of its 25% minority interest in the exploration, development, and production of oil and natural gas in the Tartaruga Field, located in the shallow waters of the Sergipe‐Alagoas Basin in Brazil…
Oil fell 1% on Thursday after U.S. President Donald Trump urged Saudi Arabia and OPEC to bring down its cost during his address at the World Economic Forum.Uncertainty over how Trump's proposed tariffs and energy policies would affect global economic growth and energy demand also weighed on prices…
A World Bank arbitration tribunal has dismissed a request by Venezuela to annul a $8.37 billion arbitration award to ConocoPhillips, clearing the way for the U.S. producer to reclaim compensation for the expropriation of its oil assets in the South American country…
Chinese state oil and gas company CNOOC has set its 2025 production target at a record high, between 5.6% and 8.3% above 2024's output.The offshore oil and gas specialist pumped about 720 million barrels of oil equivalent (boe) in 2024, meeting the high end of its target…
Equinor has awarded pre-FEED study contracts to BW Offshore and Altera Infrastructure for the Bay du Nord floating production storage and offloading (FPSO) vessel, planned for deployment offshore Canada.The Bay du Nord project consists of several oil discoveries in the Flemish Pass basin…
RWE has started progressed work on a new office in Jemgum, in Germany’s East Friesland region, which will serve as a base for round-the-clock monitoring and control of its existing and future wind farms in both Germany and continental Europe…
Huisman has signed a contract with Zhenjiang Jiangsu Shipyard for the delivery of a 100 mt Pedestal Mounted Crane to Eastern Navigation, a provider of maritime support fleets in the Asian-Pacific offshore energy industry.This marks the fifth…
Britain's Harbour Energy on Thursday said it expects higher production in 2025 compared with last year, driven by the full-year's contribution from its purchase of oil and gas firm Wintershall Dea's assets.Harbour acquired the non-Russian oil and gas assets of the German company last year in an $11…
TotalEnergies' $20 billion Mozambique LNG project will not be operational by 2029 as hoped, the French oil major said on Wednesday, citing the need to end force majeure and ensure security at the project site.TotalEnergies had previously said…
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