An $85 million dividend and a deal to sell a stake in aging North Sea oil wells for one dollar has landed Viaro Energy and its CEO, Francesco Mazzagatti, in a London lawsuit filed by Taqa.

Recent deepwater oil discoveries off the Namibian coast have ignited significant excitement within the industry, according to Wood Mackenzie's Upstream Research Director Ian Thom.

Offshore disposal specialists, EODEX UK, have achieved a groundbreaking milestone in marine conservation by successfully removing more than 80 offshore munitions from the Moray Firth. The operation, ...

Oslo-based seismic company PGS, in collaboration with joint venture partners TGS and SLB, has obtained pre-funding to expand the multi-client 3D seismic coverage in the Sarawak Basin, located offshore ...

The deal, valued at around approximately £61 million, marks a significant milestone for Harland & Wolff, reinforcing its position as a preferred yard for complex and large-scale energy ...

BrasFELS Shipyard, a member of the Singapore-based Seatrium Group, has been awarded a contract by Offshore Frontier Solutions Pte. Ltd, a MODEC Group company, to complete portions of the topside ...

Harbour Energy has granted approval for drilling activities aimed at extending the operational life of its Armada platform until 2030. The company announced this decision as part of its half-year ...

This incident, the second in recent months impacting Kuwaiti oil and gas facilities, occurred during scheduled periodic maintenance at the facility.

The chemical tanker Central Park, flying the Liberian flag and owned by UK-based Zodiac Maritime, has been successfully freed from pirate clutches off the coast of Somalia, according to the U.S.

As a response to the challenging market conditions, Borr Drilling extended a short-term contract for its Prospector 1 rig in the North Sea, but Schorn referred to this as a "bridge" until ...

The Head of Decommissioning and Projects at Spirit Energy has raised concerns that the oil and gas industry's ambitions to decommission numerous obsolete wells in the North Sea might face ...

The recent appraisal well, drilled by the Transocean Norge rig, aimed to minimize uncertainties in volumetrics and subsurface conditions within the Bergknapp discovery.