Oil and gas firm Eco Atlantic has increased its stake in JHI Associates by acquiring additional 800,000 common shares in JHI in return for 1,200,000 new common shares in Eco.'The purchase of the 800,000 common shares in JHI is expected to be completed on 21st January 2022…
Bureau Veritas (BV) has said it has been selected to carry out the project certification of Erebus floating wind farm in the Celtic Sea, in Wales, UK.Located 44km from the Pembrokeshire coastline in up to 75 meters water depth, the 100MW Erebus…
Germany signaled on Tuesday that it could halt the Nord Stream 2 pipeline from Russia if Moscow invades Ukraine, and Western nations rallied behind Kyiv over a Russian troop buildup that has stoked fears of war.Stepping up diplomacy after talks with Russia ended in stalemate last week…
PGS, a Norwegian seismic data company best known for its offshore oil and gas exploration services, is expanding into the carbon capture and storage arena with its second carbon storage survey deal announced in as many days.Namely, a day after…
Oil's rally may extend further in the next few months due to recovering demand and limited capacity in OPEC+ to add supply and prices could break $100 a barrel, OPEC officials have told Reuters.Oil last traded at $100 a barrel in 2014, after averaging $110 a barrel over the previous two years…
Brazilian President Jair Bolsonaro will visit Suriname and Guyana on Thursday and Friday for talks on economic cooperation following recent discoveries of oil and gas by Brazil's two neighbors, the foreign ministry said on Monday.Bolsonaro and the presidents of Suriname…
U.S. liquefied natural gas (LNG) developer Delfin LNG said it plans to make a final investment decision (FID) to go forward with its Gulf of Mexico floating LNG export project off Louisiana in 2022.'This is the best macro-environment that the LNG business has ever seen…
Danish offshore drilling company Maersk Drilling has won a contract with TotalEnergies E&P Danmark for its jack-up drilling rig Maersk Reacher.TotalEnergies will use the Maersk Reacher for well intervention services in the Danish North Sea. The contract is expected to start in July 2022…
Offshore drilling contractor Valaris said Tuesday it had secured two one-well contracts with subsidiaries of Murphy Oil Corporation for its semi-submersible drilling unit Valaris DPS-5.The first contract for the 2012-built offshore drilling rig is in the U…
Morocco-focused oil and gas company Chariot has completed its successful gas drilling operations on the Anchois gas project within the Lixus licence, offshore Morocco. Chariot, which last week announced a 'transformational' gas find at Anchois well…
London-listed oil and gas company Energean said Tuesday its Karish gas field in the Mediterranean Sea, offshore Israel would come on stream by the third quarter of the year, with the Energean Power FPSO expected to sail away from Singapore during this quarter…
Benchmark oil prices climbed to their highest since 2014 on Tuesday as possible supply disruption after attacks in the Mideast Gulf added to an already tight supply outlook.Brent crude futures rose by $0.74, or 0.9%, to $87.22 a barrel at 1446 GMT…
Maybe yesterday should be renamed Green Monday rather than Blue Monday. It was certainly a day to celebrate the ambition for renewable energy in Scotland as the ScotWind licensing round was announced with provision for significantly more GW than anticipated…
Exxon Mobil Corp on Tuesday pledged to cut to zero its net carbon emissions from its global operations by 2050, catching up with rivals who are minimizing their carbon footprints.Exxon's 2050 plan, first mulled last year, covers emissions from its oil…
A UK High Court on Tuesday threw out a case brought by climate activists against the country's oil and gas regulator OGA, rejecting their argument that the OGA's actions amount to a type of unlawful subsidy of the fossil fuel sector.The ruling…
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