EnerMech has secured a multi-year contract to deliver integrated topside process services across a portfolio of offshore assets in the UK Continental Shelf (UKCS), further strengthening its position in the North Sea.
Seadrill has secured new offshore drilling work in the U.S. Gulf, adding approximately $260 million to its contract backlog and reinforcing ongoing ultra-deepwater activity in the region.
Santos Ltd. is restructuring the company’s oil and gas business in order to cut costs, according to an internal notice seen by Bloomberg, after a string of stymied takeover bids in recent years that have raised pressure to increase shareholder returns.
Saipem has been awarded a new offshore services contract by ExxonMobil Guyana for the Longtail project offshore Guyana, Saipem announced on Tuesday.
The first LNG export cargo has departed Golden Pass LNG in Sabine Pass, Texas, Golden Pass LNG announced on Wednesday.
Traffic via the Strait of Hormuz has been paralyzed again, with Bloomberg reporting there was only one vessel attempting to exit the strait and none trying to enter. The lonely vessel was a bulk carrier.
Oil rose as peace negotiations between the US and Iran stalled, with both sides using blockades of the vital Strait of Hormuz to try and gain leverage in a seven-week war that has upended global energy markets.
The Petroleum Directorate of Sierra Leone (PDSL) has signed a reconnaissance permit agreement with Shell Exploration Company to undertake geological and geophysical studies across 19 offshore blocks, the PDSL announced on Wednesday.
Over the last few weeks there have been several news reports on the decline in the production of oil in Ghana for some time now. In this interview, David Ampofo provides some insight into the reasons why and what the country can do to reverse the decline.
Primary oil processing at Rosneft’s Novokuibyshevsk refinery has been halted. The outage, which began on April 18 after a Ukrainian drone strike, encompasses the first stage of crude processing at one of Russia’s refineries in the Samara region, two sources told Reuters on Tuesday.