OPEC and Non-OPEC countries participating in voluntary production cuts have started off 2018 with record-breaking conformity levels.
By 2040 the world could be powered by the most diverse fuel mix ever, with oil, gas, coal, and renewables each accounting for a quarter of the world energy.
Noble Energy has signed agreements to sell significant quantities of natural gas from the Leviathan and Tamar fields to Dolphinus Holdings to supply gas in Egypt.
ADNOC has signed an agreement with Cepsa, a Spanish integrated oil and gas company, awarding it a 20% stake in Abu Dhabi’s offshore SARB and Umm Lulu concession.
Offshore Energy Today’s most popular news of the past week.
Telford Offshore, a new name in the global oil and gas industry, officially launched on Wednesday after acquiring four DP3 multi-purpose offshore construction vessels from Sea Trucks Group following its liquidation. Sea Trucks, an offshore vessel and services provider, was placed under provisional l
Rowan Companies has received early termination for one of its drillships. The driller has also seen several of its rigs come off contract and several others have won more work.
State-owned Qatar Petroleum has rolled out its new corporate strategy and core values, signalling a new era of growth for the company driven by an expansion of its North Field located in the Persian Gulf.
A consortium led by India’s ONGC has been awarded a 10% interest in Abu Dhabi’s offshore Lower Zakum concession.
Wood has secured a new multi-million dollar, five-year contract to support Saudi Aramco in the delivery of one of its mega-projects in the Saudi Arabia.
The most popular news of the past week.
Italian oil company Eni, French oil giant Total, and Russian Novatek have signed two exploration and production agreements (EPA) with the government of Lebanon covering Blocks 4 and 9, located in the deep waters offshore Lebanon.
They’re cheap to stack and costly to scrap, but old jack-ups are finally moving off to scrapyards.
Fatih Birol, the head of the International Energy Agency hopes the oil investments will start picking up, after several years of decline.
