Gazpromneft Sakhalin, a Gazprom Neft subsidiary, has acquired a license for the exploration, development, and production of hydrocarbons at the Ayashsky block, located on the continental shelf of the Sea of Okhotsk. Gazprom Neft said on Tuesday that the license, awarded by the Federal Subsoil Resour
By Katya Golubkova, Dmitry Zhdannikov and Stephen Jewkes MOSCOW/LONDON/MILAN (Reuters) – More than a month after Russia announced one of its biggest privatisations since the 1990s, selling a 19.5 percent stake in its giant oil company Rosneft, it still isn’t possible to determine from public records
Bridgeport Energy and Metgasco have been awarded tenders to explore approximately 2,150 km2 of the Cooper and Eromanga Basins in southwest Queensland, Australia.
Forum Energy Technologies’ VisualSoft product line has added new features and capabilities within their software suite. The VisualSoft suite is a toolbox of applications used during survey and inspection of subsea assets, in particular pipelines and cables. The first of the releases features a multi
Rex W. Tillerson, former ExxonMobil CEO, is expected to become the next U.S. Secretary of State after the U.S. Foreign Relations Committee approved his nomination by a narrow 11-10 vote. President Donald Trump’s pick to lead the State Department was subjected to an eight-hour hearing before the comm
Australia and East Timor plan to sign a deal on maritime border by the end of September, ending a long-running dispute between the two countries that has stalled the Woodside-operated $40 billion Sunrise LNG project.
U.S. oil firm W&T Offshore will drill up to eight wells in the Gulf of Mexico this year, including three wells at the Mahogany field and two wells at the Ewing Bank 910 field. W&T said on Tuesday that its capital budget estimate for 2017 is $125 million with plans to drill six to eight wells in [&he
Seajacks Scylla, the world’s largest jack-up vessel, has recently visited the Rotterdam Offshore Group (ROG) terminal in the Waalhaven, soon after installing 67 monopiles at the Veja Mate offshore wind farm some 95 kilometres north west of the island of Borkum in the German exclusive economic zone (
Teekay LNG Partners has completed two financing arrangement totaling US$905 million for its projects delivering through 2019.
Brazilian court has allowed the state-owned oil & gas company Petrobras to continue the sale process of its shallow water fields, located off states of Sergipe and Ceará, Brazil. Petrobras informed on Monday that a Regional Federal Court issued a decision on January 18, 2017, to grant suspensive eff
An international coalition has filed a lawsuit in Dutch court on behalf of institutional investors who suffered billions of dollars in losses in their investments in the Brazilian state-owned oil company Petrobras. Seeking declaratory relief as a result of the alleged corruption of the company and i
Norwegian offshore vessel owner Olympic Ship has been granted another extended stand-still to complete its financial restructuring. In July 2016, Olympic informed the company had initiated discussions with the secured lenders in relation to the need for an adjustment to the repayment profile of the
The ExxonMobil-operated PNG LNG plant reached its highest average annualized production rate since production commenced, of approximately 8.3 mtpa, during the fourth quarter 2016.
GasLog Partners, the New York-listed spinoff of LNG shipper GasLog, said Monday that it plans to sell 3.75 million shares in a bid to raise cash. The company intends to grant the underwriter a 30-day option to purchase up to 562,500 additional common units. In a related statement on Tuesday, GasLog
