Rigzone Industry News

ExxonMobil signed a deal farming out a 40 percent stake each in the Cairo and Masry exploration blocks offshore Egypt to QatarEnergy.

The scope of work includes the provision of subsea engineering, installation and other services, by utilizing the PLSVs in Brazilian waters.

'Today's decision makes clear that all attention and investment should be focused on readily available clean heat solutions, like heat pumps and heat networks'.

Magnolia's total production in the first quarter grew seven percent on a year-over-year basis to 84.8 thousand barrels of oil equivalent per day.

Three of the additional blocks are in the northwest of the Norwegian Sea and 34 blocks are in the east of the Barents Sea.

The Transportation Department said extensive environmental reviews are already required to obtain a license for a deepwater port.

The integrated contract is for the development of the Bestla, formerly known as Brasse, Project in the North Sea, offshore Norway.

Ardinall Investment Management chief executive Maria Jelescu Dreyfus has joined ExxonMobil's board.

'This alliance solidifies our shared vision of strengthening Brazil's energy infrastructure'.

The Canadian company is asking shippers to commit to an expansion that would add up to 120,000 bpd of capacity on the Gray Oak pipeline.