Saudi Arabia's sovereign wealth fund is planning an initial public offering (IPO) of oil and gas drilling firm ADES International in Riyadh next year that could fetch more than $1 billion, according to two sources who declined to be identified as the matter is not public…
Norwegian startup Morrow Batteries has appointed Lars Christian Bacher, an oil industry veteran, as its new chief executive officer, the company said on Monday. Bacher had spent 30 years at Norway's largest oil and gas firm Equinor, where he held various executive positions…
Brazilian President-elect Luiz Inacio Lula da Silva begins interviews this week with candidates to run oil firm Petrobras, people familiar with the talks said, kicking off what may be a rocky few months for the state-controlled company.Lula…
Green hydrogen firm Lhyfe has signed a partnership deal with Nantes - Saint Nazaire Port, France’s fourth largest seaport, to develop the offshore renewable sector and ramp up energy transition on the Loire Estuary.'Hydrogen is able to draw…
QatarEnergy has signed a 27-year deal to supply China's Sinopec with liquefied natural gas (LNG), the longest such LNG agreement so far as volatile markets drive buyers to seek long-term deals. Following Russia's invasion of Ukraine in February…
UK-based well decommissioning services company Well-Safe Solutions has appointed Ruth Thomas as Subsurface Team Lead.Thomas has over two decades of experience in providing subsurface support to assets in the UK sector of the North Sea for energy majors including Repsol Sinopec Resources UK…
Oslo-listed offshore drilling company Shelf Drilling has secured a contract extension for its Shelf Drilling Tenacious jack-up rig.The contract is in direct continuation of its current contract for drilling operations offshore Angola until November 2023…
Magseis Renewables AS, a subsidiary of the Norwegian OBN seismic services firm Magseis Fairfield ASA, has won a contract to collect data for a CCS monitoring project in the North Sea. The company will use its MASS III ocean bottom nodes and…
U.S. energy regulators on Friday extended until September 2023 the amount of time liquefied natural gas (LNG) developer Delfin LNG has to put the onshore part of its proposed Gulf of Mexico floating export project off Louisiana into service…
American Offshore Energy (AOE) has this week announced novel patents in the floating wind turbine industry including a vertical axis wind turbine which, the company says, can be deployed quickly, and even submerged in the wake of a hurricane…
Russia will wait until a full damage assessment to the Nord Stream gas pipelines is done before deciding on any repairs, if any, Kremlin spokesman Dmitry Peskov said on Friday.Swedish investigators have found traces of explosives at the site of the damaged Nord Stream pipelines…
An initial public offering (IPO) for oil and gas producer Wintershall Dea is off the cards for the next six months, Chief Executive Mario Mehren told business daily Handelsblatt.The company, owned jointly by BASF and investor group LetterOne…
Aker Solutions has secured a contract extension with Equinor in Norway to continue providing maintenance and modification services (M&M) on the Johan Sverdrup field in the North Sea.'The extension of the call off is done in accordance with an existing frame agreement that lasts until February 2026…
U.S. oil major ExxonMobil has signed a deal to use the Odfjell Drilling-managed semi-submersible drilling rig Hercules in Canada next year.The contract for the 6th generation rig is expected to start in the second quarter of 2023. The contract has a firm duration of around 135 days…
U.S. oil major Chevron has been given more time to drill the A3 appraisal well in the Aphrodite gas field, 160 km south of Limassol, offshore Cyprus.NewMed Energy, partner in Chevron-operated Block 12 in the Mediterranean Sea, said Thursday…
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