Turkey will continue drilling for gas in waters off Cyprus if the internationally recognized Greek Cypriot government does not accept a cooperation proposal put forward by Turkish Cypriots, Ankara's foreign minister said on Sunday.Mevlut Cavusoglu…
Tropical Storm Barry has cut 73%, or 1.38 million barrels per day (bpd), of crude oil production in the U.S.-regulated areas of the Gulf of Mexico, the U.S. Bureau of Safety and Environmental Enforcement (BSEE) said on Sunday.Natural gas output from the northern Gulf of Mexico is down 62%…
Italian services firm Saipem said it has started functional testing on its Hydrone-R underwater resident vehicle at Sonsub facilities in Venice.The advanced underwater intervention drone is being launched in water for a comprehensive qualification…
Power cables manufacturer NKT announced it has been awarded a contract to supply the high-voltage power cable that will connect the Edvard Grieg oil and gas production platform to the Johan Sverdrup field center in the Norwegian sector of the North Sea…
Almost 59 percent, or 1.1 million barrels per day (bpd), of crude oil production in the U.S.-regulated areas of the Gulf of Mexico has been cut because of Tropical Storm Barry, the U.S. Bureau of Safety and Environmental Enforcement (BSEE) said on Friday…
Dutch offshore contractor Heerema Marine Contractors said on Friday it has been assigned to help build the first and largest commercial offshore wind farm in the United States.Situated 14 miles off the coast of Massachusetts, the 800-megawatt…
Norway's oil production fell 28.2% year-on-year in June to 1.067 million barrels per day, lagging the official forecast for the month by 10.2%, Norway's Petroleum Directorate (NPD) said on Friday.Including condensate and natural gas liquids (NGL)…
Norwegian oil firm Aker BP has made an oil discovery off Norway which could strengthen its hand in negotiations with sometimes partner Equinor on how to develop fields.Aker BP, formed from a merger of BP's Norwegian oil assets and the Det norske oil firm controlled by billionaire Kjell-Inge Roekke…
The UK's Oil and Gas Authority (OGA) is offering 768 blocks or part-blocks across the main producing areas of the UK Continental Shelf (UKCS), including acreage in the central, northern and southern North Sea as well as West of Shetlands, as…
A consortium of companies including Equinor, Korea National Oil Corporation (KNOC) and the Korean power company Korea East-West Power (EWP) aim to develop a floating offshore wind project off the coast of Ulsan, South Korea.The 200 megawatt…
The European Union is set to curb contacts and funding for Ankara in retaliation for what it calls Turkey's 'illegal' drilling for gas and oil off Cyprus and stands ready to ramp up sanctions further, a draft statement seen by Reuters shows…
The world's largest semi-submersible crane vessel will embark this week on its 45-day maiden voyage to Spain.Dutch firm Heerema Marine Contractors’s newest vessel Sleipnir, built by Sembcorp Marine in Singapore, is designed to work on large offshore projects such as installing and removing jackets…
Australia's Woodside Petroleum Ltd has started commissioning activities at the $1.9 billion Greater Enfield oil project off the state of Western Australia, two people with knowledge of the matter said on Wednesday.Oil from the project is expected to be sought after by traders in Asia…
Exxon Mobil Corp and Anadarko Petroleum Corp on Wednesday joined several other U.S. oil producers withdrawing staff from deepwater platforms in the U.S. Gulf of Mexico as what could be a major storm gathered.The withdrawals helped push U.S. oil futures up 3…
Offshore services firm Subsea 7 announced it has won a contract from Equinor for installation and diving operations on the Europipe II, Heimdal and Statfjord (EHS) fields, located in the Danish and Norwegian sectors of the North Sea.The deal is worth between $50 million and $150 million…