The U.S. offshore oil and gas regulator BOEM said Thursday it would offer longer terms for the Gulf of Mexico oil and gas exploration blocks in certain depths, in its region-wide offshore lease sale slated for November. The sale will include…
Top global oil traders Vitol, Trafigura and Gunvor said on Thursday they saw slow oil demand recovery because of a second coronavirus wave with oil prices rising to or above $50 per barrel only by October next year.Benchmark Brent crude futures traded down 1…
The number of unsold November-loading Angolan crude cargoes fell further on Thursday, traders said, while the Nigerian market was steady.ANGOLAOnly one cargo of CLOV remains unsold after the other found a buyer on Thursday. Details of the cargo's destination were not known…
The recent downgrade of Hurricane Energy's Lancaster field recoverable reserves estimates has led Norwegian energy intelligence Rystad Energy to revise its expectations for the UKCS overall and say that the basin might never again hit output…
All dynamically positioned offshore drilling rigs in the U.S. Gulf of Mexico that moved away from the Hurricane Delta last week have now returned to the Gulf. Production from oil and gas platforms has yet to be fully restored.As previously reported…
The OPEC+ alliance will ensure oil prices do not plunge steeply again when it meets to set policy at the end of November, OPEC Secretary General Mohammad Barkindo said on Thursday, adding that oil demand has been recovering slower than expected…
Heerema Marine Contractors has completed the installation of Premier Oil's Tolmount platform in the UK North Sea, using its giant semi-submersible crane vessel, the Sleipnir.As part of the project in the Southern North Sea, Heerema installed the 2…
Norwegian oil and gas company OKEA has received approval to acquire offshore blocks in the North Sea in Norway containing the Aurora gas discovery.OKEA announced the agreement to buy Equinor’s 40% operated working interest in PL195 and PL195 B…
Microsoft has signed an agreement with the Norwegian oil and gas giant Equinor to explore ways to support the Northern Lights carbon capture and storage (CCS) project which will store CO2 2,600 meters below the seabed offshore Norway.Microsoft…
The Norwegian offshore oil and gas safety body PSA Norway has launched a probe into another offshore incident and has warned that the coronavirus pandemic may have lead to a hike in the number of serious incidents, and a record number of PSA investigations - eleven so far this year…
The United States on Tuesday slammed Turkey's renewed push to send a vessel to carry out seismic surveys in the eastern Mediterranean, accusing Ankara of unilaterally stoking tensions and 'deliberately' complicating the resumption of talks with Greece…
Oil major BP has confirmed plans to start shipping natural gas from Azerbaijan to Europe by the end of the year, as concerns about the military conflict over the Nagorno-Karabakh region have heightened.Armenia and Azerbaijan have been involved…
Energy companies forged ahead restoring oil and natural gas production in the U.S.-regulated northern Gulf of Mexico on Monday, three days after Hurricane Delta made landfall, said the U.S. Bureau of Safety and Environmental Enforcement (BSEE)…
Lebanon and Israel, formally still at war after decades of conflict, launch talks on Wednesday to address a long-running dispute over their maritime border running through potentially gas-rich Mediterranean waters.The U.S.-mediated talks follow…
Equinor's Melkoeya liquefied natural gas (LNG) plant in Norway is expected to resume output on Jan. 1, 2021, after it was damaged in a fire last month, the company said in a regulatory statement on Monday.The fire on Sept. 28 in one of the plant's…
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