Brazilian oil firm Petrobras is looking to sell its stake in the Uruguá and Tambaú field in the Santos Basin, offshore Brazil.The company on Wednesday launched the opportunity disclosure stage, a so called teaser, for the potential sale of the…
Occidental Petroleum Corp on Wednesday said in a securities filing seven of its 10 offshore oil production platforms in the U.S. Gulf of Mexico remain offline since Hurricane Ida.Hurricane Ida tore through the Gulf of Mexico late last month…
Hurricane Ida's damage to U.S. offshore energy production makes it one of the most costly since back-to-back storms in 2005 cut output for months, according to the latest data and historical records.Ida's 150 mile-per-hour (240 kph) winds cut…
BW Offshore, an Oslo-listed firm best know for its FPSO leasing business in the oil and gas sector, said Wednesday it had, together with U.S. renewable energy and utility company Invenergy, submitted bids to develop up to 5.4 gigawatts of offshore…
Oil prices rose on Wednesday, paring overnight losses, with producers in the U.S. Gulf of Mexico struggling to restart operations nine days after Hurricane Ida swept through.U.S. West Texas Intermediate (WTI) crude futures rose 27 cents, or 0…
The Colombian Maritime Authority (DIMAR) has selected Fugro to carry out a joint environmental and exploration seep study in the Caribbean Sea.The project began in late August and is scheduled to complete in November. According to Fugro, the work will involve the acquisition…
Dutch offshore installation and decommissioning contractor Heerema Marine Contractors has this week removed an offshore platform from Ithaca Energy's Jacky field in the UK North Sea.Ithaca Energy on Tuesday shared a photo of Heerema's Thialf…
Italy's Eni has teamed up with Mubadala Petroleum to look at joint investments in the energy transition field as part of plans to cut carbon footprints.In statements on Tuesday, the two groups said they had signed a memorandum of understanding…
Australia has passed legislation that could set a precedent for who pays to clean up the fossil fuel industry in Asia, making former owners of oil and gas fields responsible for the costs of dismantling facilities if later owners fail.The new…
Alaska regulators must probe a Hilcorp Energy Company pipeline that has repeatedly leaked natural gas into Cook Inlet, the state Supreme Court ruled on Friday.The court said the Alaska Oil and Gas Conservation Commission improperly rejected…
UAE-based Gulf Marine Services (GMS), a company providing jack-up service vessels for the offshore oil, gas, and renewables industries, has hired Lloyd's Register for the installation of a new Enterprise Resource Planning (ERP) system.GMS said the system would provide its with a central…
Energy services firm Penspen said Wednesday it had recently secured more than $70 million worth of contracts in Middle East and Africa so far this year.The company’s Project Management Consultancy (PMC) service line has secured more than $50 million from five new…
Delta Offshore Energy said Tuesday it had secured the environmental approval for the LNG to Power Project, the 3.2 GW power plant, and LNG Terminal in Bac Lieu, Vietnam.'Environmental Impact Assessment (EIA) is an extremely important key regulatory…
Stronger hurricanes threatening the U.S. Gulf Coast energy hub are elevating the risks of oil spills from damage to area refineries, oil platforms and subsea pipelines, say experts.On Monday, the U.S. Coast Guard said it was investigating nearly…
Norwegian Energy Company (Noreco) has announced a CCS partnership with Ørsted and DTU together with its partners in the Danish Underground Consortium on progressing CCS in the Danish North Sea. Project Bifrost will evaluate the potential for…
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