TotalEnergies has awarded two 4D seismic survey contracts to Shearwater covering the Laggan, Tormore, and Edradour offshore gas fields, west of Shetland, in the UK.TotalEnergies might also extend the contract to include the Glenlivet field survey…
BNP Paribas, France's largest bank, will no longer provide any financing dedicated to the development of new oil and gas fields, and it reiterated it targets an 80% cut of its oil exploration financing by 2030. 'BNP Paribas no longer provides…
In the port city of Taichung on Taiwan's west coast, a crane hoists into place the end section of a white wind turbine tower that stands almost a hundred meters tall.The turbine will be one of 111 spinning at a multi-billion dollar offshore wind…
Loss-making Italian shipbuilder Fincantieri must reach a 3% net profit margin 'to make economic and industrial sense,' its chief executive said on Wednesday, without setting a date for the goal. 'That's where we want to be when our work is done…
Colombia's majority state-owned energy company Ecopetrol will be more aggressive in exploring for oil under existing contracts, Chief Executive Ricardo Roa said on Wednesday, as the company warned external factors including weather and security issues could hit production…
May 11 (Reuters) - Dutch oil and gas services firm SBM Offshore SBMO.AS reported a 24% drop in first-quarter revenue on Thursday, citing the impact from one-off divestment in two of its vessels last year.Group revenue fell to $742 million for the first three months of 2023…
Norway offered 92 new blocks to explore for oil and gas in the Norwegian and the Barents Seas on Wednesday in so-called APA round, the country's oil and energy ministry said.In recent years, Norway used annual APA rounds to aggressively expand exploration acreage in the Arctic Barents Sea…
A Chinese research vessel flanked by coast guard and nearly a dozen boats on Wednesday entered a gas block operated by Russian and Vietnamese state firms, two monitoring groups said, another potential flashpoint in the South China Sea.It follows…
RMI, a company providing medical, security, and technical services said Wednesday it had been tasked with the provision of medical support for what will be the world’s largest offshore wind farm - Dogger Bank.The company, which specialises in…
Oil and gas company Afentra plc, led by former Tullow CEO Paul McDade, said Wednesday it had completed the acquisition of 4% interest in Block 3/05 and 4% interest in Block 3/05A offshore Angola from Croatia's INA-Industrija.Afentra also said…
International shipbroker IFCHOR Galbraiths (IG) will be providing offshore brokerage services in the oil and gas market following its acquisition of Norwegian offshore specialist UNO Offshore.Founded in 2010, with a seven-strong team based in Bergen and Haugesund…
Malaysian offshore vessel operator Icon Offshore has signed a contract with the oil company Petronas Carigali to provide an anchor handling tug vessel with crew and equipment for twenty-four-hour services. Icon Offshore said that the services would support and maintain drilling rigs…
BP is ramping up oil exploration and drilling activity in frontier prospects as the energy giant tries to stem a decline in its oil and gas output after years of focusing on a shift to renewables to cut carbon emissions. The move comes as companies…
Offshore drilling firm Transocean has secured a drilling contract for its Transocean Equinox offshore drilling rig.Transocean said that the semi-submersible drilling rig had won a contract with a 'major operator' in Australia. Transocean did not say who the client was…
The UK Supreme Court ruled on Wednesday that it was too late for Nigerian claimants to sue two Shell subsidiaries over a 2011 offshore oil spill they say had a devastating long-term impact on the coastal area where they live.The case was one…