Romanian oil and gas company OMV Petrom is the winning bidder for an oil and gas exploration block located in the Black Sea, offshore Georgia.
Hornbeck Offshore expects to emerge from bankruptcy in the coming few months following approval of its reorganization plan by a U.S. court.
A near-miss incident on the ExxonMobil-operated Hebron platform located offshore Canada has been reported to the Canadian offshore regulator.
Australian independent Transborders Energy has signed a partnership deal with Dutch floating specialist SBM Offshore to develop FLNG projects. The partnership will pursue the deployment of Transborders’ FLNG solution on a range of stranded offshore gas resource opportunities, the Australian company
Norway’s recent tax relief package for the oil and gas industry is expected to cut breakeven prices by 40 per cent, thereby boosting the country’s rig demand while the UK’s plunges.
The Henry Hub average daily natural gas spot price has hit its lowest level since December 1998.
Almost half of the Norwegian petroleum production will soon be run on power from shore as the companies are considering multiple electrification projects that could reduce emissions considerably.
Repsol has been granted consent by the Norwegian offshore safety authority for the life extension of the Rev field, which is located offshore Norway.
Gazprom has started construction of an ice-resistant platform for its field located in extreme ice and climate conditions of the Arctic shelf.
Alfa Laval, a heat transfer, centrifugal separation, and fluid handling specialist has teamed up with the Swiss engine developer WinGD.
Oil and gas services company Danos has won a contract from Dutch-Anglo oil major Shell for the provision of a production workforce across Shell’s assets in the Gulf of Mexico.
Dolphin Drilling has secured a letter of intent with a Norwegian operator for a three-well P&A operation on the Norwegian Continental Shelf.
India’s state-owned Oil and Natural Gas Corporation’s (ONGC) has temporarily suspended operations at two drilling rigs in the Arabian Sea after 54 positive tests for COVID-19 and one death.
Petrobras has started the production of oil and natural gas from the shared deposit of Atapu located near the Búzios field offshore Brazil.
