Petrobras has confirmed a new deepwater natural gas discovery at the Sandia-1 exploratory well in Colombia’s GUA-OFF-0 Block, further expanding the company’s growing offshore gas portfolio in the country.
Oil fell after both the U.S. and Iran signaled that discussions to restore shipping through the Strait of Hormuz are ongoing, raising hopes for a pickup in supply from the Middle East.
Kosmos Energy reported second-quarter net production of approximately 71,400 boed, up 12% from a year earlier, as new Jubilee wells and the continued ramp-up of the Greater Tortue Ahmeyim (GTA) LNG project supported higher output.
Oil and gas markets have been rocked by disruption to supply out of the Persian Gulf. Prices of both commodities have jumped since the US and Israel began their strikes on Iran. Iran’s retaliation has involved the targeting of energy infrastructure across the Gulf, interrupting production and prompting closures as a precautionary measure. More significantly, […]
An early visit by Prime Minister Andy Burnham to meet North Sea energy operators and their workforce could mark a crucial turning point in government attitudes towards home-grown energy and the future of the offshore industry, says David Whitehouse, Chief Executive of Offshore Energies UK (OEUK). OEUK has requested an urgent prime ministerial visit to operators in Scotland and supply-chains in […]
Italian energy services giant Saipem has secured a $260 million offshore drilling contract from Eni’s Ivorian subsidiary, paving the way for one of the world’s most advanced ultra-deepwater drillships to begin a long-term drilling campaign off the coast of Côte d’Ivoire from early 2027.
Delays at the Rosebank oilfield, now expected to push first production to at least 2027, have put a spotlight on stocks tied to North Sea projects.
MODEC said it will supply a SOFEC internal turret mooring system for the Coral Norte floating liquefied natural gas (FLNG) project offshore Mozambique.
A floating storage and offloading (FSO) unit has left a shipyard where it was undergoing construction and set sail toward an oil field off the coast of Vietnam, Southeast Asia.
South African upstream oil and gas company PetroSA is investigating the possibility of restarting operations at a Mossel Bay gas-to-liquid fuel plant.