DNV, together with 18 industry partners, is launching a new Joint Industry Project (JIP) to enhance the standardization for reliable, safe, and cost-efficient hydrogen production systems that use renewable energy-powered electrolysis to produce green hydrogen…
French oil major TotalEnergies said Thursday it wouldn't sanction the North Platte deepwater project in the U.S. Gulf of Mexico and that it would withdraw from it. Equinor said it was disappointed with the decision, but that it would move forward with the development…
Swedish company Viking Supply Ships said Thursday that its Chief Financial Officer Morten G. Aggvin would step down.He has informed the offshore vessel operator that he will resign from his position to pursue challenges outside Viking Supply Ships…
Brazilian oil company Enauta has completed the acquisition of the FPSO OSX-2 for the Definitive System of the Atlanta Field in Brazil for $80 million.Atlanta Field is located in the Santos Basin, offshore Brazil, and is fully owned by Enauta…
TotalEnergies swung back to profit in 2021 thanks to higher hydrocarbons prices, it said on Thursday, with net income of $16 billion and adjusted net income of $18.1 billion, the highest since record years in 2007 and 2008.The French oil major…
Norwegian independent oil company Aker BP said on Thursday it planned to drill more exploration wells this year, after reporting a record operating profit for the final quarter of 2021 buoyed by higher petroleum prices.Its earnings before interest…
Japan's biggest oil and gas explorer Inpex Corp said on Wednesday it will invest up to 4.4 trillion yen ($38 billion) in growth areas over the next 9 years, 1 trillion of which will be spent on decarbonization areas including hydrogen and ammonia…
Norwegian ocean bottom node seismic survey company Magseis Fairfield on Wednesday announced the final signing of a 4D Ocean Bottom Node (OBN) survey in the North Sea, first announced in November.The company had on November 23, 2021, announced a conditional award of the contract…
Teras Offshore, once a notorious ‘‘big boy’’ in Singapore’s offshore oil & gas market and owning a varied fleet of liftboats, jack-ups, and small AHTs, has recently been forced to close its doors for good and put an end to years of suffering and losses…
Oil prices were stable around $90 a barrel on Wednesday but the prospect of increased supply from Iran and the United States kept pressure on the market.Brent crude futures edged down 36 cents, or 0.4%, to $90.42 a barrel by 1150 GMT. U.S. West Texas Intermediate crude fell 43 cents…
Norway will launch later this year its first tender for bottom-fixed offshore wind turbines in the southern North Sea, planning to develop 1.5 gigawatt of electricity that will supply the Norwegian mainland, the country's government said on Wednesday…
Malaysia's state energy firm Petronas said on Wednesday it has signed an agreement with Japanese shipping company Mitsui O.S.K Lines (MOL) to explore opportunities in liquefied carbon dioxide (CO2) shipping in Asia Pacific and Oceania regions…
Turning around Siemens Gamesa will take time, the CEO of its majority shareholder Siemens Energy said on Wednesday, adding that the latest profit warning from the wind turbine maker was 'frustrating'.Siemens Gamesa, the world's largest maker of offshore wind turbines…
Britain will hold yearly auctions to support new renewable projects from 2023, the government said on Wednesday, as it seeks to boost low carbon power production to meet its climate goals.Britain has a target to reach net zero emissions by 2050…
Singapore's Keppel Offshore & Marine said Wednesday it had secured contracts worth around S$250 million (~$186 million) for the conversion of a Floating Storage and Regasification Unit (FSRU), integration of a Floating Production Storage and Offloading (FPSO) vessel…