Oil prices surged on Thursday, with Brent breaching $100 a barrel for the first time since 2014, after Russia attacked Ukraine, exacerbating concerns that a war in Europe could disrupt global energy supplies.After Russian President Vladimir…
French oil major TotalEnergies said Thursday it had made a significant discovery of light oil with associated gas on the Venus prospect, located in block 2913B in the Orange Basin, offshore southern Namibia.TotalEnergies said that its Venus…
The UK regulators have approved decommissioning plans submitted by TAQA Bratani for the removal of the Cormorant Alpha platform topsides in the North Sea.TAQA last year filed plans for the decommissioning of the topsides of the Cormorant Alpha platform…
Nora Ventu, a firm formed by Falck Renewables and BlueFloat Energy to develop floating offshore wind farms off the Sardinian coast, has now launched a consultation to provide local communities with more information on two projects to be developed in the Gulf of Cagliari…
Offshore drilling contractor Transocean expects rig dayrates to keep growing, boosted by high oil prices and growing demand, the company's CEO said Tuesday, as the company posted its fourth-quarter results.Transocean CEO Jeremy Thigpen said: 'As we move into 2022…
Crown Estate Scotland on Tuesday announced the proposed details of its Innovation and Targeted Oil and Gas (INTOG) offshore wind leasing process, aimed at building wind farms to be used to power offshore oil and gas installations.'Developers…
Saudi Arabia-based oilfield services company TAQA has agreed to acquire the UK-based well completion specialist Tendeka.Tendeka specializes in offering reservoir monitoring and control, advanced lower completions, and production optimization…
3D at Depth, a subsea LiDAR laser technology company said Tuesday it had received a new patent 11.249.193, 'Systems and Methods for Monitoring Underwater Structures,' from the U.S Patent and Trademark Office. The patent's claims focus predominantly…
Hydroacoustic technology specialist Subsea Europe Services said Wednesday it had secured six-figure funding to accelerate autonomous survey development.'The investment boosts the company’s unique approach which focuses on the integration of new generation smart…
Belgian electricity transmission system operator is looking to expand its international offshore activities and has for this purpose established a new subsidiary WindGrid.'Through WindGrid, Elia Group is ready to meet offshore development needs…
Offshore drillship contractor Seadrill on Wednesday announced its emergence from Chapter 11 bankruptcy after successfully completing its reorganization.The Plan was confirmed by the U.S. Bankruptcy Court for the Southern District of Texas on October 26…
The logistics arm of state oil firm Abu Dhabi National Oil Company (ADNOC) will supply a floating storage unit to LNG logistics company AG&P to launch the Philippines' first LNG import terminal in July, the companies said on Wednesday.Singapore-based Atlantic…
Norwegian energy company Equinor and its Polish partner Polenergia have selected Siemens Gamesa as the preferred supplier of wind turbine generators for the MFW Bałtyk II and MFW Bałtyk III offshore wind projects in Poland.Equinor said the MFW…
A London court will on Wednesday begin to hear a lawsuit launched by Nigeria against U.S. bank JP Morgan Chase, claiming more than $1.7 billion for its role in a disputed 2011 oilfield deal.The civil suit filed in the English courts in 2017 relates to the purchase by energy majors Shell RDSa…
Swedish firm OX2 has submitted a permit application to build a 1.8GW offshore wind farm in the Swedish Economic Zone off the coast of Skåne in the south of Sweden.'The total installed capacity will be about 1,800 MW and the production will be about 7…