Guyana's total annual oil revenues could hit $30 billion over the next 10 years with production estimated to reach 1.2 million barrels per day by 2030, according to Rystad Energy.

Rystad said... [ read + ]

Mexican operator Grupo R has signed a contract with Shell for the lease of the La Muralla IV drilling rig to operate in the deep waters of the Gulf of Mexico.

Grupo R said on Tueday that the integr... [ read + ]

Oil major ConocoPhillips posted a smaller profit for the fourth quarter of 2019 compared to the prior-year period due to impairments and lower realized prices and volumes.

ConocoPhillips on Tuesday... [ read + ]

Brazilian oil and gas company Petrobras has started the opportunity disclosure stage (teaser) for the sale of its entire stake of the Papa-Terra field, located in the Campos Basin, and for the sale of... [ read + ]

Oil major BP saw its quarterly profit drop amid weaker environment despite higher production during the period.

BP said on Tuesday that its uderlying replacement cost profit for the fourth quarter... [ read + ]

Oil major BP has announced early production from the Alligin field located in the west of Shetland region, offshore the UK.

BP received the UK authorities' nod to proceed with development of ... [ read + ]

Brazilian oil and gas company PetroRio has signed binding documents for the acquisition of the OSX-3 FPSO for $140 million and the farm-in with Dommo Energia of 80% in the Tubarão Martelo field (TBMT)... [ read + ]

UK-based offshore engineering company Osbit has been awarded a contract by FTAI Ocean, a subsidiary of Fortress Transportation and Infrastructure Investors (FTAI), to design and construct an innovativ... [ read + ]

RockRose Energy has signed a sales and purchase agreement (SPA) to acquire a 100% of the equity of Speedwell Energy, the holder of 100% interest in the Cotton gas field in the UK sector of the Souther... [ read + ]

Ocean Infinity, a seabed survey and ocean exploration company, has launched of a new pioneering marine technology and data company named Armada.

Ocean Infinity said that Armada, with a focus on com... [ read + ]

Oil and gas company Tower Resources has started conducting a site survey for a well in the Thali block offshore Cameroon.

Tower said on Tuesday that the Geoquip Marine survey vessel MV Investigator... [ read + ]

Demand from the world's top oil companies for floating drilling units is set to rise through 2020 and 2021, according to Norwegian energy research and consultancy firm Rystad Energy.

Rystad E... [ read + ]

A new competent persons resource report on the Tullow Oil-operated Orinduik Block, offshore Guyana, has shown a 29% increase in gross prospective resources to 5,141 MMBOE, according to a partner in th... [ read + ]

U.S. engineering company KBR has been awarded a major project management consultancy (PMC) services contract by Abu Dhabi National Oil Company (ADNOC) for the Ghasha Concession portfolio of projects l... [ read + ]

Seismic services provider PGS will start the Painimaut 3D MultiClient program in Papua New Guinea (PNG) in early February.

The program is expected to last for approximately 60 days and has strong i... [ read + ]

Chief executive officer (CEO) of Australian engineering company Worley has decided to retire. Worley has named a replacement, effective February 24, 2020.

Worley said on Monday that it had named Ch... [ read + ]

North Sea operator Ithaca Energy, a subsidiary of Israel's Delek Group, is exploring options to optimize its capital structure, including a potential initial public offering (IPO).

Ithaca En... [ read + ]

Two people connected to Singapore's rig builder Sembcorp Marine have faced charges for money laundering and corruption related to a drilling rig construction contract with Brazil's drillin... [ read + ]

PGNiG Upstream Norway, a Norwegian subsidiary of the Polish state-owned oil company PGNiG, has completed the acquisition of a 10 percent stake in the Duva field, located offshore Norway, from Pandion ... [ read + ]

Steel producer Tata Steel has secured three separate contracts with TechnipFMC for work in the UK North Sea.

The scope of work includes the provision of High Frequency Induction (HFI) line pipe fo... [ read + ]