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Developing nations may lose up to 85% of oil and gas income this year - IEA, OPEC

Developing nations’ oil and gas income will fall by 50% to 85% this year to a more than two-decade low if current market conditions persist, the International Energy Agency and OPEC said in a rare joint statement on Monday, citing recent IEA analysis.

read more... 17/03/2020


Maersk Drilling secures one-well contract offshore Egypt

Maersk Drilling has been awarded a one-well contract for the semi-submersible rig Maersk Discoverer offshore Egypt. The contract has an estimated duration of 21 days and is expected to commence in March 2020, in direct continuation of the rig’s current contract. The contract value is approximately USD 3.8m.

read more... 05/03/2020


Turkey's 3rd drillship from UK expected on March 17

Turkey's third drillship, acquired from the U.K, is expected to arrive at its final destination in Turkey on March 17, according to ship-tracking data on Thursday.

read more... 28/02/2020


Total, PTTEP win onshore exploration concession Block 12 in Oman

Total and Thailand-based PTT Exploration and Production Public Company (PTTEP) have won the rights to Block 12, a nearly 10,000km2 onshore exploration concession in Oman.

read more... 21/02/2020


Russia's Rosneft pledges $5 billion for 'green' causes over next five years

Russian largest oil producer Rosneft has pledged to invest around $5 billion in environmentally friendly projects over the next five years, the company said on Monday.

read more... 17/02/2020