Oil and gas company Masirah Oil has started production from the second development well drilled in the Yumna field, which is located offshore Oman.
Oil and gas company Melbana Energy has revealed that there are several interested parties in taking a stake in the company’s WA-488-P license offshore Australia which contains the Beehive prospect.
Forbearance agreements entered into by offshore drilling contractor Seadrill Limited with certain creditors in respect of the group’s senior secured credit facility agreements have now expired.
Chevron managed to cut its losses in the fourth quarter of 2020 compared to the same period in 2019 despite a significant decrease in revenues.
Canadian energy company Northland Power and Poland’s PKN ORLEN have entered into an agreement under which Northland Power will acquire a 49 per cent stake in the 1.2 GW Baltic Power offshore wind project in Poland. Northland expects to invest approximately PLN 290 million (€ 64 million) in the Balti
BP’s Argos platform, built for the Mad Dog 2 project in the Gulf of Mexico, has been loaded onto a Boskalis vessel for transport to the U.S.
Brazilian state-owned oil giant Petrobras has found hydrocarbons in a wildcat well located in the pre-salt Campos Basin offshore Brazil.
The following article is a guest post by Jonas Corné, CEO at Greenbyte, a provider of asset management solutions. The article examines digitalisation in the offshore wind sector, the necessity of it and current challenges that hinder using digitalised solutions to advance offshore wind projects. Des
Total outshined all other peers and also was the only major to replace all of the year’s produced resources, according to Rystad Energy.
China’s COSCO Shipping Ports (CSPL) has entered into an agreement with the founding shareholders of Saudi Arabia’s Red Sea Gateway Terminal Limited (RSGT) to acquire a 20 per cent stake in the terminal which is located at Jeddah Islamic Port.
Oslo-listed SeaBird has recognised net loss of $3 million for Q4 2020, against net loss of close to $12 million in the same period in 2019. Full-year result was also negative, but improved compared to 2019 ($13 million loss vs. $23.3 million loss). The seismic player, which is targeting seabed minin
The Norwegian Petroleum Directorate (NPD) has granted Equinor a drilling permit for a well located in the North Sea offshore Norway.
Norwegian energy giant Equinor has decided to write down the value of its Tanzania LNG project on the company’s balance sheet by $982 million.
Ezion Holdings has made plans to sell one of its liftboats for a total of $13 million, which will allow it to repay some of its bank loans.
