Brazilian oil company Petrobras has started the non-binding phase regarding the sale of its assets in the U.S. Gulf of Mexico.Petrobras is selling its entire 20% stake held in the company MP Gulf of Mexico, LLC. (MPGoM), located in Texas, USA…
Guyana's President Irfaan Ali on Tuesday defended his country's right to develop its oil industry for its residents while insisting local goods and services requirements are not meant to block foreign investments.A string of discoveries off…
Danish offshore vessel owner Maersk Supply Service said Tuesday it had secured an integrated solutions contract with Shell in Brazil, for a station-keeping assignment during the removal of the emergency Gas Lift Riser on the FPSO Fluminense…
Shares of Vår Energi, the largest pure-play oil exploration and production (E&P) company to list globally in almost a decade, fell 4.9% as it made its Oslo stock market debut on Wednesday.A spin-off from Italy's Eni, Vår Energi declined to 26…
Oil has spilled from an Eni-operated oil pipeline in the Irish Sea, the UK Energy & Climate Change Minister Greg Hands MP said on Twitter Tuesday.'I am being kept regularly updated following a release of oil from a pipeline in the Irish Sea…
3t EnerMech and Orinduik Development Incorporated Training Centre have partnered to provide a training center for the local workforce in Guyana, supporting the country's fast-growing offshore oil and gas sector, eliminating the need for local workers to travel abroad for accredited training…
The Organization of the Petroleum Exporting Countries (OPEC) and their allies, known as OPEC+, needed to narrow the gap between their oil production targets and actual output, the International Energy Agency's (IEA) head Fatih Birol said on Wednesday…
Tidal energy company Nova Innovation plans to develop its largest tidal energy array to date at Yell Sound in Shetland. The company has been awarded an Option Agreement from Crown Estate Scotland to develop a 15MW tidal array at Yell Sound, between the islands of Yell and Bigga…
Norwegian oil and gas firm Equinor has exercised extension options worth 8 billion Norwegian crowns (~$898,7 million) with Archer, KCA Deutag, and Odfjell Drilling. The contracts include drilling, completion, intervention services, plugging…
Helix Energy Solutions Group has won a field decommissioning contract of an undisclosed value with Trident Energy in Brazil.The project is located off the coast of Brazil in the Pampo and Enchova Clusters in the Campos Basin. The 12-month firm contract is scheduled to begin in late 2022…
United Arab Emirates-based Dragon Oil has made its first oil discovery in the Gulf of Suez, the Egyptian petroleum ministry said in a statement on Tuesday.The discovery is one of the largest in the area in the past 20 years, it said, adding…
Russian President Vladimir Putin reiterated on Tuesday after meeting German Chancellor Olaf Scholz that the Nord Stream 2 gas pipeline, which is still awaiting regulatory approval, is a 'purely commercial' project which will strengthen Europe's energy security…
Shell is preparing to launch the sale of its stakes in two clusters of gas fields in the southern British North Sea, part of an ongoing retreat of long-time producers from the aging basin, industry sources told Reuters.Shell is planning to offer…
Renewable energy giant RWE has selected Atlantique Offshore Energy, the marine energy business unit of the French company Chantiers de l’Atlantique, for the delivery of the electrical offshore substation for the F.E.W. Baltic II, offshore wind project in the Polish Baltic Sea…
Swedish power firm Vattenfall said Tuesday its owner had nominated Mats Granryd as the new Chairman of the Board of Directors of Vattenfall. 'Mats Granryd will be elected to succeed Lars G Nordström at Vattenfall’s Annual General Meeting on April 28th 2022…