Israel’s Delek Drilling is in talks to sell its stake in the offshore natural gas field for up to $1.1 billion, financial news website Calcalist reported on Monday.Delek owns a 22% stake in Tamar, one of Israel’s main energy sources, which it…
Construction of the Energean Power FPSO, destined for Energean's Karish field off Israel, has recently reached what has been described as a 'major milestone' with the installation of the flare on the FPSO in a Singapore shipyard.Technip Energies…
Wood, an energy industry consulting and engineering company, has secured a new contract with oil company TAQA to provide integrated facility services across the TAQA's North Sea assets.With the award of a five-year Integrated Facilities Services agreement…
Integrated logistics and materials management company, ASCO, has appointed Craig Revie as General Manager of its specialist lifting division, NSL.Revie first joined ASCO in 2018 as head of Marine Services, Craig led initiatives in vessel monitoring…
Qatar Petroleum has signed a deal with oil major Shell to become a partner in two exploration blocks offshore Namibia.Under the deal, for which financial details were not disclosed, Qatar Petroleum will hold a 45% participating interest in the…
Norwegian shipbuilder VARD has won contracts to build three Service Operation Vessels (SOVs) for the UK-based North Star Renewables. The vessels, to be built in Vietnam, will operate on the Dogger Bank Wind Farm in the North Sea, the world's largest…
BP expects to reach its $35 billion net debt target in the first quarter of 2021, the energy group said on Tuesday, following earlier-than-expected proceeds from disposals and a 'very strong' quarter.The company, which had a debt pile of $39 billion at the end of 2020…
Europe's biggest utilities Enel and Iberdrola saw the clean energy transition coming decades ago when others baulked at the high cost of producing energy from the sun and wind and instead stuck with coal and oil.Thanks to early decisions to buy power grids and build renewable plants…
Oil and gas company Tullow Oil on Tuesday said it was starting a multi-year, multi-well drilling campaign offshore Ghana.The campaign started with the start of drilling of the first well at the Jubilee offshore field on Monday.Maersk Drilling's…
French oil and gas group Total said it would not stop producing gas on its Yadana fields in Myanmar as long as operations remained safe, in part to protect employees there who might otherwise risk repercussions from the military junta.Total…
State-run refiner Indian Oil Corporation (IOC) has made its first purchase of Norway's Johan Sverdrup crude, buying four million barrels via a tender as it speeds up diversification of crude imports, two trade sources told Reuters on Monday…
Offshore wind developer Ocean Winds said Monday it was eyeing the expansion of its global offshore wind portfolio to include Ireland.Ocean Winds' current offshore wind portfolio includes 1.5GW in construction and 4GW in development.The company…
The United States’ offshore wind industry is tiny, with just seven wind turbines operating off Rhode Island and Virginia. The few attempts to build large-scale wind farms like Europe’s have run into long delays, but that may be about to change…
Brazilian national oil and gas company Petrobras has suspended Japanese FPSO specialist MODEC from bidding for new floating production storage and offloading vessel projects. A day after the announcement the Japanese firm named a new CEO but…
PSE Kinsale Energy, a Petronas subsidiary working to decommission its Kinsale area offshore gas fields in Ireland, has awarded a contract to HydraWell to support the project.PSE Kinsale Energy last July said that the Kinsale area offshore gas…