Romanian oil and gas company OMV Petrom has signed the production sharing contract (PSC) for the offshore Block II in the exclusive economic zone of the Georgian Black Sea.
The Covid-19 pandemic not only devastated oil demand in 2020 but also forced the global oil and gas industry to severely downsize its staffing levels.
Norway’s Equinor has entered into framework agreements with PGS and Shearwater GeoServices for 4D towed streamer seismic acquisition on the Norwegian continental shelf. The two-year firm deal is starting in 2021, with two additional two-year options and can also be applied for the UK continental she
Norwegian oil and gas major Equinor has made an oil discovery near the Johan Castberg field, located in the Barents Sea offshore Norway.
CGG has contracted Shearwater GeoServices for the phase two of its Northern Viking Graben multi-client 3D survey in the Northern North Sea. The new survey will expand on the phase one acquisition initiated in 2020. It will add a second azimuth over CGG’s existing Northern Viking Graben 3D survey and
NEO Energy has made a deal to acquire Zennor Petroleum for about $625 million, less than two weeks after announcing a deal with ExxonMobil.
The operator of midstream oil and gas infrastructure assets in the North Sea Ancala Midstream has secured a life-of-field contract to transport and process gas from Lundin Energy’s Solveig field.
Danish maritime services provider Erria and Maersk Drilling have entered into a three-year agreement related to marine warranty surveys for Maersk’s rigs.
Maersk Drilling has been awarded a one-well contract by Petrogas E&P Netherlands, which will employ the harsh-environment jack-up rig Maersk Resolute.
OPEC and allies on Thursday decided to extend oil production cuts into April 2021, while offering small exemptions to Russia and Kazakhstan.
Aker Solutions has won a substantial contract from Equinor for modifications on the Åsgard B gas and condensate platform to enable increased production.
Offshore project commitments are set to reach a new record in the five-year period towards 2025, a Rystad Energy report says.
Lundin Energy and Odfjell Drilling have now signed a contract for the Deepsea Stavanger rig following a letter of intent from January 2021.
EnQuest has started the cessation of production activities on the Northern Producer floating production facility at the Don fields in the UK North Sea.
