Bahamas Petroleum Company (BPC) said Monday that its Perseverance #1 well offshore The Bahamas has encountered oil, however, not in commercial volumes.'The Perseverance #1 well in The Bahamas has encountered hydrocarbons, successfully validated the structural model and the petroleum system…
British oil major BP and its partner EnBW, an energy company from Germany, have been selected as preferred bidders for two 60-year advantaged leases in UK’s first offshore wind leasing round in a decade.The partners have been selected as preferred…
The consortium behind the Russia-led Nord Stream 2 natural gas pipeline has resumed laying pipes in the waters of Denmark, it said on Saturday, despite mounting pressure on the project from Washington.Construction of the link, which would double…
UK-focused oil firm Ithaca Energy has restarted production from its FPF-1 offshore platform in the North Sea, some two weeks after a Covid-related shutdown.To remind, Ithaca had shut down production after four four crew members from the offshore…
Nigeria's state oil company is renegotiating commercial contract terms with major oil firms, its chief told Reuters, in a move that it hopes will keep investment flowing into a sector crucial for its economy at a time when spending is being slashed…
Australian offshore oil and gas regulator NOPSEMA on Friday said it was taking compliance action against oil firm Woodside Energy Ltd to ensure safe and responsible decommissioning of the Nganhurra riser turret mooring. The regulator said it was looking at possible breaches of law…
GE Research, GE Renewable Energy, and LM Wind Power, a GE Renewable Energy business were recently selected by the Department of Energy to research the design and manufacture of 3-D printed wind turbine blades.GE said Friday that its business…
Guyana on Thursday abruptly terminated an agreement with Taiwan to open an office in the South American country, hours after China urged Georgetown to 'correct their mistake.'Taiwan's foreign ministry earlier on Thursday said it had signed an agreement with Guyana on Jan…
Aberdeen-based downhole sensing technology company, Well-SENSE, has appointed Annabel Green as its new CEO.Well-SENSE said Green would help the company to accelerate its global business strategy and drive further adoption of its proven downhole sensing technology…
Energy Drilling Management Pte Ltd (EDMPL) has entered into a management agreement with Seadrill Partners to maintain, market, and operate the tender rigs Seadrill-T15, Seadrill-T16 and West Vencedor.After the transaction, EDMPL will effectively…
Offshore accommodation provider C-bed has said it has won two contracts for its Service Operation Vessel (SOV) Wind Innovation to support Ørsted's offshore wind projects in the UK.'With a double contract to support offshore wind developments in the UK…
Maersk Drilling has won a two-well contract for its jack-up drilling rig Maersk Integrator with Aker BP in Norway.The Danish drilling company said Friday, that rig will, in direct continuation of its previously announced work scope with a different operator…
Oil prices climbed on Friday to their highest levels in a year, extending a run of strong gains on signs of economic growth in the United States and a continued commitment by producers to hold back crude supply.Brent crude futures climbed 28 cents…
Spain's largest power company Iberdrola said on Friday it agreed to buy a majority stake in a portfolio of offshore wind farm projects currently developed by Irish renewable energy company DP Energy.Iberdrola did not disclose how much it paid…
Production from the Horns Rev 2 offshore wind farm in Denmark topped the enormous figure of 10 billion kWh, on Thursday, February 4, offshore wind firm Ørsted has informed.'Since HRH The Crown Prince inaugurated Ørsted's offshore wind farm Horns Rev 2 in 2009…
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