The chief operating officer of Maersk Drilling thinks companies like his taking “skin in the game” will be the future of the sector, moving away from commercial deals that put most of the risk on operators.
Adnoc has launched its second trading arm, focusing on refined products.
OMV has booked Maersk Drilling's Integrator rig to drill its Ommadawn exploration well off Norway for $14.3 million.
Adnoc has begun trading derivatives via its Adnoc Trading (AT) unit, marking a step for the NOC to become an increasingly sophisticated market player.
Algeria’s Sonatrach has continued its habit of signing memorandums of understanding (MoUs), adding OMV and Cepsa to its list.
Westwood Global Energy reports thatthere were four exploration and one appraisal well programmes active as of July 1.
Algeria’s Sonatrach has signed a deal with Societe Tunisienne de l'Electricite et du Gaz (STEG) extending gas supplies.
President Donald Trump’s top energy official said he’s confident that Russia won’t be able to complete the Nord Stream 2 gas pipeline in the Baltic Sea -- and signalled that the U.S. will press forward with its opposition to the project.
Production has officially begun from the Nawara field in Tunisia, the North African state’s Prime Minister Youssef Chahed said.
Bids to buy North Sea producer Siccar Point Energy have come in at between $1.2bn and nearly $2bn, according to a news report.
Singapore-based Jadestone Energy has struck a deal to buy 69% of the Maari project offshore New Zealand from Austrian firm OMV for $50 million.
Tunisia has recently elected a new president, demonstrating the strength of its democratic institutions. The country’s hydrocarbons industry continues to struggle, though.
Westwood Global Energy reports that there were three active exploration wells and one active appraisal well at 22 August.
Equinor has made an oil discovery with the Sputnik exploration well in the Barents Sea.
The Abu Dhabi National Oil Company (Adnoc) said today that it had completed one of the world's largest-ever refinery deals.
Equinor and Austrian oil firm OMV will work together on the Wisting development in the Barents Sea and the concept development for the Hades-Iris discovery in the Norwegian Sea.
Norwegian energy giant has submitted a new plan to the Norwegian Petroleum Directorate (NPD) to improve recovery of 17 million barrels from the Gullfaks field.
Oil giant Shell today announced that it had finished offloading shares in its New Zealand business to Austrian oil company OMV.
OMV will buy 20% of two offshore oil fields in Abu Dhabi, the Austrian firm said. It will pay $1.5billion for the stakes in Satah Al Razboot and Umm Lulu. OMV expects to sign on the dotted line with Abu Dhabi National Oil Company by the end of this month.
Aberdeen-based Faroe Petroleum has announced “significant” gas discoveries in the Norwegian Sea.
Tendeka has hired a new advanced completions director to help drive the commercialisation of its wireless intelligent completions technology, PulseEight.
Shell has struck a deal to sell its portfolio in New Zealand to Austrian energy firm OMV for £415million.
Austrian oil producer OMV AG is poised to win a deal to produce oil from offshore fields in Abu Dhabi, according to people with knowledge of the situation.
Austrian oil firm OMV returned to the black last year after booking record production and lowering costs.
Austrian energy firm OMV has tied up its deal with Uniper for a 24.99% stake in the Yuzhno Russkoye gas field in Western Siberia for £1.5billion.