Current News Archives - Page 2 of 3

Shelf Drilling North Sea reports on 2022

March 20, 2023

Shelf Drilling North Sea has announced results for the fourth quarter and full year of 2022 ending December 31. David Mullen, Chief Executive Officer, commented: 'Following the successful completion in October 2022 of the acquisition of the five high specification harsh environment jack-up rigs, Shelf Drilling North Sea delivered outstanding operating and financial results in our first quarter of

Eni announces a new discovery offshore Mexico

March 20, 2023

| Current News

Eni has announced a new discovery on the Yatzil exploration prospect in Block 7, located in the mid-deep water of the Cuenca Salina in the Sureste Basin, offshore Mexico. According to preliminary estimates, the new finding may contain around 200 million barrels of oil (MBoe) in place. Yatzil-1 EXP is the second commitment well of Block 7 and the eight successful one drilled by

JX Nippon Oil & Gas Exploration acquires Japan Drilling Co

March 20, 2023

| Current News

JX Nippon Oil & Gas Exploration has reached an agreement with the funds related to Aspirant Group Inc. to acquire the entire issued shares of Japan Drilling Co. JX Nippon aims to complete the acquisition around the end of April of this year. Upon completion of the acquisition, JDC will become a consolidated subsidiary of JX Nippon. Japan Drilling Co is the only company in

DOF Subsea awarded new contract for the Skandi Gamma

March 20, 2023

| Current News

The DOF Group has announced a new four-year firm contract for the PSV Skandi Gamma with current client Ithaca Energy (UK). The award, which also includes 2 x 1-year options, will commence in direct continuation of the current contract on 1st May 2023. The vessel has been working on the UKCS for London listed Ithaca Energy since May 2021 and the DOF

Offshore oil & gas set for growth with 214 bln USD of investments in the pipeline

March 20, 2023

| Current News

With more than $200 billion of greenfield investments expected by 2025, the offshore oil and gas sector is expected to get back in the spotlight, according to Rystad Energy, an energy market intelligence group. Rystad Energy’s research shows that annual greenfield capital expenditure (capex) broke the $100 billion threshold in 2022 and will break it again in 2023, which

Exxon touts 15 billion USD investment through 2030 if Namibe Basin offshore Angola is positive

March 20, 2023

| Current News

Exxon Mobil Corp. could invest $15 billion through 2030 if it makes commercial oil discoveries in the Namibe Basin, Paulino Jeronimo, chairman for the Angola National Agency for Petroleum, Gas and Biofuels, said in Luanda. ANPG, Exxon and state-owned Sonangol signed an addendum to blocks 30, 44, and 45 in the Namibe Basin to make exploration in the

Petronas shows 74% revenue increase across December

March 1, 2022

| Current News

Malaysia’s state energy firm Petroliam Nasional Berhad, or Petronas, on Tuesday swung to a fourth-quarter profit of 13.4 billion ringgit ($3.20 billion), compared with a loss of 1.1 billion ringgit in the same period a year ago. Revenue rose 74% to 76.6 billion ringgit in the December quarter, due mainly to favorable prices for all products, the company

U.S. federal judge lifts oil lease ban

June 16, 2021

| Current News

A federal judge in Louisiana on Tuesday blocked the Biden administration's pause on oil and gas leasing on public lands and waters, dealing a setback to a key White House effort to address climate change. The order granted a preliminary injunction to Louisiana and 12 other states that sued Democratic President Joe Biden and the Interior Department over

Scores missing at sea as cyclone pummels Indian coast, killing at least 29

May 19, 2021

| Current News

The Indian Navy mounted a massive air and sea rescue mission on Tuesday for 79 oil workers and crew whose barge sank in heavy seas following a powerful cyclone that tore up the west coast killing at least 29 people. Around 182 of those on board the barge, which sank off the coast of Mumbai, were rescued from

Petrobras has received over $9 billion worth of reimbursements for Lava Jato

March 2, 2021

| Current News

Petrobras has received a deposit of R $ 360 million (US $ 65 million) in the last few days due to the leniency agreement of Samsung Heavy Industries (SHI). The amount is the first installment disbursed by the Korean company, which will make a total payment of R $ 705.9 million in reimbursement to the Brazilian oil company. SHI's

Current News

Shelf Drilling North Sea reports on 2022

Eni announces a new discovery offshore Mexico

JX Nippon Oil & Gas Exploration acquires Japan Drilling Co

DOF Subsea awarded new contract for the Skandi Gamma

Offshore oil & gas set for growth with 214 bln USD of investments in the pipeline

Exxon touts 15 billion USD investment through 2030 if Namibe Basin offshore Angola is positive

Petronas shows 74% revenue increase across December

U.S. federal judge lifts oil lease ban

Scores missing at sea as cyclone pummels Indian coast, killing at least 29

Petrobras has received over $9 billion worth of reimbursements for Lava Jato

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