Activity News

 

Fault at Strike-hit Chevron Australia Plant Shuts 25% of Output

Sep 14, 2023

A fault at Chevron's Wheatstone facility in Australia temporarily shut about a quarter of its liquefied natural gas (LNG) production on Thursday, the same day that unionized workers escalated strike action.A Chevron spokesman said the cause…

PIF-backed Oil and Gas Driller ADES Expected to Price IPO at Top of Range

Sep 14, 2023

Oil and gas driller ADES Holding is expected to price its initial public offering (IPO) at the top of a range announced this week, one of the banks on the deal said on Thursday.The company backed by Saudi Arabia's PIF sovereign wealth fund is expected to price its shares at 13…

Qatargas Changes Name

Sep 14, 2023

Qatargas has changed its name to “QatarEnergy LNG,” to emphasize a future vision for Qatar’s liquefied natural gas (LNG) industry, QatarEnergy said Thursday.'With a new name and logo, “QatarEnergy LNG” will continue to deliver on its commitment to safety…

Norway Should Call Off Deep Sea Mining Plans, Key Ally Says

Sep 14, 2023

Norway's minority government should withdraw its proposal to open a vast Arctic offshore area to deep sea mining and call at least a ten-year moratorium on the activity, its key backer in parliament, said.Norway could become the first nation…

BP Begins Search for New CEO with No Clear Front-runner

Sep 14, 2023

BP CEO Bernard Looney's abrupt resignation has thrown the British oil major into a leadership crisis with no groomed front-runner to succeed him, company and industry sources said on Wednesday.Several current and former BP insiders were seen as potential candidates to succeed Looney…

Seadronix to Install AI System on Wind Turbine Installation Vessel

Sep 13, 2023

Seadronix, a company specializing in artificial intelligence (AI) solutions for the maritime industry, said Wednesday it had won a tender to install its  AI situational awareness solution on a wind turbine installation vessel (WTIV). 'This will…

TotalEnergies CEO to Meet Suriname's President, Staatsolie Execs

Sep 13, 2023

The chief executive of French oil major TotalEnergies will meet Suriname's President Chan Santokhi on Wednesday to discuss a promising oil project that could inaugurate the South American country's offshore production.Suriname's Foreign Affairs…

Turbine Installation Kicks Off at U.S. First Commercial-scale Offshore Wind Farm

Sep 13, 2023

Avangrid, Inc., a U.S. offshore wind developer and part of the Spanish Iberdrola Group on Wednesday announced the start of the wind turbine installation campaign for Avangrid’s Vineyard Wind 1 project offshore Massachusetts, the first commercial-scale offshore wind farm in the United States…

EXPLAINER-What Can Australia's Labour Tribunal Do in Chevron's Dispute with LNG Workers?

Sep 13, 2023

Chevron has asked Australia's Fair Work Commission (FWC) to intervene in its dispute with workers on strike at two major liquefied natural gas facilities, banking on new laws that came into effect in June and which empower the industrial arbitrator…

BP Sticking with Energy Transition Strategy, says Interim CEO

Sep 13, 2023

BP's interim CEO Murray Auchincloss said on Wednesday the company won't be derailed from its energy transition strategy by former leader Bernard Looney's abrupt resignation amid misconduct allegations.BP scaled back its energy transition strategy…

BP's Murlach North Sea Development Gets Nod from UK Authorities

Sep 13, 2023

The UK government has approved BP's proposed development of the Murlach oil and gas field in the UK North Sea.The Murlach Field Development will be a redevelopment of the Murlach Field (part of Marnock-Skua), located in the Central North Sea…

EU's Von der Leyen Pledges More Support for Wind Industry

Sep 13, 2023

The European Union will put forward a package of measures to support Europe's wind power industry as renewable energy companies struggle with challenges including inflation, European Commission President Ursula von der Leyen said on Wednesday…

Longboat Energy Expands Stake in Block 2A Offshore Sarawak with Topaz Acquisition

Sep 13, 2023

Longboat Energy, an E&P company active in Norway and Malaysia, has agreed to acquire privately held Topaz Number One Limited ('Topaz'), increasing its working interest in the Production Sharing Contract over Block 2A offshore Sarawak, Malaysia ('Block 2A') to 52…

BW Energy Boosts Gabon Production as Fourth Hibiscus Well Comes Online

Sep 13, 2023

Oil and gas company BW Energy has brought online the fourth well of the Hibiscus / Ruche Phase 1 development in the Dussafu licence offshore Gabon. 'Well performance is in line with expectations with current production at approximately 6,500 barrels per day…

Bareboat Charter: Deep Value Driller Hands Over 7th Gen. Drillship to Saipem

Sep 13, 2023

Drillship-owning firm Deep Value Driller AS has delivered its 7th generation drillship 'Deep Value Driller' to Saipem under a bareboat charter deal signed earlier this year.Saipem has chartered the drillship for an estimated firm period of three years…

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