The United Nations has purchased a large tanker to store about 1.1 million barrels of oil that will be transferred from a decaying vessel off Yemen's coast in a bid to avert an environmental disaster, officials said on Thursday.U.N. officials…
Russia's ruptured undersea Nord Stream gas pipelines are set to be sealed up and mothballed as there are no immediate plans to repair or reactivate them, sources familiar with the plans have told Reuters.Nord Stream 1 and Nord Stream 2, each consisting of two pipes…
Covington, La.-based offshore vessel owner Hornbeck Offshore Services has reached a deal to acquire six offshore supply vessels (OSV) from an affiliate of its peer Edison Chouest Offshore.Hornbeck announced Monday it entered into a definitive…
Brazilian oil company Enauta announced the Petrojarl I floating production storage and offloading unit (FPSO) is back online following preventative maintenance.The FPSO, used as an early production system at Enauta's Atlanta field, required a brief period of work on its water-cooling system…
U.S. oil and gas producer EOG Resources on Friday said it had no plans to alter its strategy around new natural gas drilling, despite a sharp decline in prices this year. Rival producers, including Chesapeake Energy, Southwestern Energy, and Comstock Resources…
Brazilian oil company Enauta said Friday it had temporarily halted the production from the 7-ATL-2HP-RJS well in the Atlanta offshore oil field, in Brazil's Santos Basin.Enauta's preliminary assessments indicate failure in the surface equipment (topside)…
Inpex, Japan's largest oil and gas exploration and production company, said on Thursday it had bought a 16.7% stake in the Moray East offshore wind farm in Scotland from Mitsubishi to expand further into renewable energy. The Moray East offshore wind farm…
The Brazilian oil company Petro Rio on Wednesday announced production start-up for the MUP5 well in the Frade offshore field in Brazil.Petro Rio said that the stabilized initial production of approximately 8,000 barrels of oil per day, above original projections…
Greencoat Renewables has completed the acquisition of a 22.5% stake in the Butendiek offshore wind farm in Germany from Marguerite Pantheon.Developed by wpd, the Butendiek offshore wind farm is located in Germany’s exclusive economic zone in the North Sea…
Singapore's Keppel Corp said on Tuesday that Sembcorp Marine (Sembmarine) has completed a S$4.50 billion ($3.34 billion) buyout of its offshore & marine unit after receiving the necessary shareholder approvals. ($1 = 1.3484 Singapore dollars) (Reuters - Reporting by Jaskiran Singh in Bengaluru…
Oil and gas producer Wintershall Dea swung to a loss last year, hit by significant impairments and losses related to Russia's war in Ukraine, it said on Thursday.Wintershall reported a group net loss of 4.8 billion euros ($5.1 billion), including 7 billion euros in one-off…
The Italian energy group Eni said on Thursday it would simplify and improve returns to investors in its 2023-2026 strategy plan.The group said it would raise its dividend by 7% and buy back shares worth 2.2 billion euros ($2.3 billion) in 2023…
Partners in the Leviathan gas field in the eastern Mediterranean have approved nearly $100 million of spending on preparation for expansion that includes a floating liquefied natural gas (LNG) terminal off the coast of Israel, the companies said on Tuesday…
Spain's Repsol said on Thursday its fourth-quarter adjusted net profit more than doubled, helped by high oil and gas prices, and flagged a big increase in capital spending for this year. Its fourth-quarter profit surged to 2.01 billion euros ($2…
Offshore decommissioning firm Well-Safe Solutions and oil firm Apache Corporation have signed a multi-year framework agreement to plug and abandon wells in the North Sea.The deal provides Apache with access to Well-Safe Solutions' decommissioning rigs…
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