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Oil & Gas

Northwest Europe demand driving up rig rates

Oil & Gas
The mobile offshore drilling unit market has recovered across northwest Europe, especially offshore Norway, according to Westwood.

Seapulse, EnQuest to cooperate on exploration, development

Oil & Gas
Seapulse has entered an alliance with London-based E&P independent EnQuest.

Mega Jack assists Mexican platform load-out

Oil & Gas
 ALE has managed load-out of a large platform for a project in the Mexican offshore sector.

BW Offshore moves to acquire Maromba field from Petrobras and Chevron

Oil & Gas
Singapore’s BW Offshore said it is contemplating to enter into agreements to acquire 100% of the Maromba field offshore Brazil

ONGC finds gas, oil in two basins offshore India

Oil & Gas
ONGC has made two recent discoveries offshore India, the company revealed in its latest results statement.

Nigerian election result may slow petroleum reforms process

Oil & Gas
Wood Mackenzie sees little change of direction for Nigeria’s oil and gas industry in the immediate future following the re-election of Muhammadu Buhari as president.

BP commissions TechnipFMC to supply Tortue Ahmeyim FPSO

Oil & Gas
 BP has awarded TechnipFMC an EPCIC contract for the deepwater Tortue Ahmeyim FPSO which will operate offshore the maritime border of Mauritania and Senegal.

Yinson, First E&P in USD902mln FPSO Deal

Oil & Gas
Malaysia’s floating production storage and offloading-operator Yinson and Nigerian oil company First Exploration & Petroleum Development Company

Höegh LNG Doubles Profit

Oil & Gas
Hoegh LNG, a provider of floating liquefied natural gas (LNG) services under long-term contracts, reported a profit after tax of $ 44.98 million

ExxonMobil makes deepwater gas discovery off Cyprus

Oil & Gas
ExxonMobil has made a natural gas discovery with the Glaucus-1 well offshore southwest Cyprus.

INEOS to overhaul North Sea Forties pipeline

Oil & Gas
INEOS plans to spend £500 million ($665 million) on extending the life of the Forties Pipeline System  in the UK central North Sea into the 2040s.

Oil majors launch first oil and gas blockchain consortium in US

Oil & Gas
A group of major oil and gas companies have joined forces to establish the first industry blockchain consortium in the United States.
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