Oil Archives

3 months ago

Eco advances Azinam deal as drilling plans take shape

Eco Atlantic is one step closer to finalising its 2022 drilling plans and completing the acquisition...

3 months ago

ADC Energy’s third Asia-Pacific deal in 2022 spurs hopes for further growth

ADC Energy has inked its third contract for rig inspection services in Asia-Pacific, paving the way ...

3 months ago

North Sea ERRV specialist brings in 10th newbuild vessel

Sentinel Marine has taken delivery of the tenth newbuild vessel in its fleet, which is expected to f...

3 months ago

Premium

Drilling costs swell for Gulf of Mexico well

A Seadrill-owned drillship has completed drilling operations on a well located in the deepwater Gulf...

3 months ago

Saipem overhauls management team amid rating downgrade and default risk

Following Saipem’s financial woes, Moody’s downgraded the company’s rating to B1 a...

3 months ago

U.S. operator boosts fleet with three more offshore supply vessels

Hornbeck Offshore has added three offshore supply vessels to its fleet following an auction carried ...

3 months ago

Huge progress made on North Sea Transition Deal, OGUK says

A review of the oil and gas industry’s progress against the terms of the North Sea Transition Deal h...

3 months ago

Petrofac to bag $100 million from two new contracts in India

Petrofac has secured two new contracts with Cairn Oil & Gas, Vedanta Limited with a combined val...

3 months ago

Serica renews North Sea deal with Sparrows

Serica Energy has awarded a crane operations and maintenance services contract on one of its platfor...

3 months ago

Vaalco brings online the first of four wells in Gabon drilling campaign

Vaalco Energy has completed its first well of four wells in the 2021/2022 drilling campaign offshore...

3 months ago

Ex-Qatari Investors Group CFO joins GMS

GMS has appointed a former CFO of the Qatari Investors Group as its new CFO, since, its current CFO...

3 months ago

U.S. offshore rig count slips down a few notches

After remaining unchanged for two weeks in a row, the number of offshore rigs in the U.S. fell down ...

3 months ago

‘A new dawn’ for Namibia as Shell finds oil in deepwater well

Oil and gas giant Shell has made an oil discovery in its exploration well in the Orange Basin offsho...

3 months ago

FAR shareholder turns down ‘wholly inadequate’ takeover bid

Following an off-market takeover bid from Samuel Terry Asset Management, one of FAR’s shareholders h...

3 months ago

Noble rig on the move to drill Santos wells

The Noble Tom Prosser jack-up drilling rig is currently mobilising to drill the Pavo-1 well in the B...

3 months ago

UK’s OGA looking for new CEO as Samuel prepares for exit

UK’s petroleum regulator has reported that its CEO will be stepping down at the end of the yea...

3 months ago

Vår Energi unveils Oslo IPO terms

Vår Energi has revealed plans to increase its dividend for 2022 and disclosed details regarding an I...

3 months ago

More work for Solstad’s CSVs amid strong renewables and oil&gas demand

Norwegian Solstad Offshore has secured multiple contracts for several of its subsea construction sup...

3 months ago

video

3 months ago

Production vessel engulfed in flames after explosion

An offshore production vessel located in waters offshore Nigeria has been engulfed in flames followi...

3 months ago

Wintershall Dea closes Gulf of Suez chapter after 38 years

Wintershall Dea has decided to divest its interest in the Gulf of Suez concession after 38 years of ...

3 months ago

Another Danish company drops fossil fuel business

Danish-based Muehlhan has sold its oil and gas business as the company decided to focus entirely on ...

3 months ago

Solstad gets rid of three anchor handlers, secures North Sea work

Norwegian offshore vessel owner Solstad Offshore has sold three of its anchor handling tug and suppl...

3 months ago

Shell boosts dividend and buybacks as profit swells

Energy major Shell increased its dividend and share buybacks following a jump in its quarterly profi...

3 months ago

Shearwater, ConocoPhillips join forces for seismic imaging tech

Marine geophysical services provider Shearwater GeoServices and oil and gas major ConocoPhillips hav...

3 months ago

New interim CEO to lead Spirit Energy through transition

As it transitions to a new phase, Spirit Energy has made board and executive appointments, including...

3 months ago

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