Relocating Shell's headquarters from London is not on Chief Executive Wael Sawan's priority list, he said on Thursday, as he focuses on narrowing the energy giant's share performance gap with U.S. rivals. Shares of Europe's top energy companies including Shell…
Mexican national oil company Pemex said on Wednesday its net profit almost halved in the first quarter to $3.15 billion, as weaker sales outweighed lower costs and currency gains from a stronger peso.In a securities filing, Pemex said profit declined from about $6…
The head of East Timor's national oil company said he expects a decision by November on whether to pipe natural gas from its offshore Greater Sunrise project to the Southeast Asia island or to Australia for liquefaction and export.Production at the new field could start around 2030…
Oslo-listed offshore drilling company Odfjell Drilling has won more work with Equinor for two of its semi-submersible drilling rigs the Deepsea Aberdeen and Deepsea Stavanger.Equinor has added additional firm scope for the Deepsea Aberdeen as…
TotalEnergies has awarded Aker Solutions a contract to provide its deepwater standard Subsea Production Systems for three additional infill wells tied back to the Moho Nord field in the Republic of the Congo. Aker Solutions said the order was a sizable one…
Cerulean Winds plans to build an offshore integrated green power and transmission system, powered by floating wind, that North Sea oil and gas platforms will plug into for clean power, under the project called the North Sea Renewables Grid (NSRG)…
Italian offshore energy services firm Saipem has received from ExxonMobil the authorization to proceed with the final phase of its contract related to the delivery of subsea systems for the Uaru oil field development project in Guyana.In December 2022…
French oil and gas services group Technip Energies on Thursday announced a green hydrogen solutions joint-venture with Belgian group John Cockerill, while reporting stronger-than-expected first-quarter earnings. The need to combat climate change…
Shell on Thursday posted first-quarter net profit of $9.65 billion, topping analysts' forecasts, as strong earnings from fuel trading offset cooling oil and gas prices. Shell kept its dividend unchanged at $0.2875 per share and also kept the…
Wage talks between Norwegian oil firms and two labor unions ended in a deal on Wednesday, industry and union officials said, averting the risk of strike action later this year.The Lederne union as well as Industri Energi both came to an agreement with companies…
Dutch offshore survey services provider Fugro, together with other project partners, said Wednesday it would work to develop innovative methodologies and technologies for remotely collecting environmental DNA (eDNA) samples in the North Sea as part of a project called BeWild…
Offshore accommodation firm Prosafe said Wednesday that its Safe Zephyrus semi-submersible vessel for safety and maintenance support had started its contract offshore Brazil with Petróleo Brasileiro SA ('Petrobras').The contract started on April 30 and has a firm commitment period of 650 days…
The U.S. Bureau of Ocean Energy Management (BOEM) plans to review potential environmental impacts related to the possible issuance of an offshore wind energy research lease in the Gulf of Maine. The State of Maine requested the lease to research potential floating offshore wind energy development…
Oil and gas exploration company Argos Resources is set to sell its sole asset, the PL 001 production license in the North Falkand Islands, which is estimated to hold around 3 billion barrels of oil, to JHI. After completing the transaction,…
Germany offshore wind monopile foundation manufacturer EEW SPC has won a contract from RWE to produce 36 of the total 72 foundations for the Thor offshore wind farm in Denmark.EEW SPC will build the monopiles at its Rostock site in Germany.…