Oil & gas news

The industry body said that the revisions to the Bureau of Safety and Environmental Enforcement Well Control Rule promote safe offshore operations.

ESAI Energy’s Global Crude Oil Outlook predicts a reduction in Venezuelan and Iranian exports that will reshuffle the crude trade deck.

An Ampelmann A-type system has been mobilised on the Harvey Blue Sea vessel, owned by Harvey Gulf, and will operate for 120 days.

The two companies' joint venture covers two shallow water offshore Petroleum Prospecting Licenses in Guyana, the Corentyne and Demerara blocks.

New awards and escalations totalled US$1.1 billion, raising order backlog to US$5.2 billion.

One of the oldest platforms on the Norwegian continental shelf, Statfjord A, operated by Equinor, was originally scheduled to be shut down in 1999.

The integration of Wintershall and DEA is expected to be completed in approximately one year.

Under the terms of the agreement, Eni will pursue exploration activities in the offshore area of over 2800 km2, located in the northern territorial waters of the Kingdom of Bahrain, with water depth ranging from 10 up to 70 m.

Spectrum owns the world’s largest 2D library of seismic data.

Adjusted earnings were US$4.19 billion in 1Q19, down from US$4.41 billion in 1Q18. Adjusted earnings after tax were US$1.54 billion, up from US$1.47 billion in the same period last year.