The world is on track to run out of sufficient oil supplies to meet its needs through 2050 unless exploration speeds up, Rystad Energy reveals.
Environmental activists have raised concerns with a Bahamas court related to Bahamas Petroleum Company’s plans to drill the Perseverance #1 offshore well.
Kosmos Energy has closed the transaction with Shell to farm down interests in Suriname, Sao Tome & Principe, and Namibia.
Total has delivered positive test results that show high condensate yield and excellent reservoir connectivity at its Luiperd-1X well offshore South Africa.
Malaysian operator Hibiscus Petroleum has pushed back a final investment decision (FID) for the Marigold development in the UK part of the North Sea.
W&T Offshore has restored production that was shut-in due to an active storm season in the Gulf of Mexico and increased its production guidance for 4Q 2020.
The UK entity of Norway-based offshore surveyor iSURVEY has completed its largest project to date. The seven-figure project has seen a 10-strong group of offshore survey experts complete a 6,300 kilometres of survey since mobilisation in late July. According to iSURVEY, this also breaks the Aberdeen
Turkish President Recep Tayyip Erdoğan stated that he would not bow to threats regarding the dispute with Greece and Cyprus over maritime claims in the eastern Mediterranean as the EU foreign ministers met in Brussels to discuss the issue.
Norwegian oil major Equinor has drilled a dry well near the Tordis field in the North Sea offshore Norway.
Austrian oil and gas company OMV has hired a Maersk Drilling jack-up drilling rig to drill an exploration well offshore Norway.
Seismic exploration company Shearwater GeoServices has secured a 3D seismic acquisition contract in India’s Bay of Bengal for oil and gas company Reliance Industries.
Houston-based oil and gas company Vaalco Energy has completed the acquisition of new proprietary 3D seismic data over the entire Etame Marin block offshore Gabon.
Malaysia Vietnam Offshore Terminal’s (MVOT) FSO Golden Star has received first condensate at the Sao Vang and Dai Nguyet (SVDN) project offshore Vietnam.
The number of active offshore rigs in the U.S. is up by one unit over the last week, according to a weekly rig count report by Baker Hughes Company.
