Japan's biggest oil and gas explorer Inpex Corp raised its net profit forecast for 2022 by 20% to a record 300 billion yen ($2.3 billion) thanks to higher-than-expected oil prices and a lower yen against the U.S. dollar.Its annual net profit…
Norway unveiled plans on Wednesday for a major expansion in offshore wind energy by 2040, aiming to turn a country that has built its wealth on oil and gas into an exporter of renewable electricity.The center-left government, which has come…
Offshore installation contractor Subsea 7 said Wednesday it had secured a sizeable contract with the British oil major BP offshore Trinidad and Tobago. Subsea 7 defines a sizeable contract as being between $50 million and $150 million. The contract…
The Norwegian offshore oil and gas safety body PSA Norway has launched an investigation into a lifting incident that happened on the Deepsea Atlantic offshore drilling rig on Sunday, May 8. 'While hoisting a 32-tonne slip joint from a vessel to Deepsea Atlantic…
French offshore seismic data services company CGG said Wednesday that it had recently signed an expanded five-year licensing agreement with the Brazilian oil company Petrobras for Geovation seismic processing and imaging software.CGG said the…
Deals in which oil and gas assets move from companies with climate goals to companies without such goals are on the rise, according to a study by the U.S. non-governmental organization Environmental Defense Fund.A company shifting polluting…
Strohm, the developer of Thermoplastic Composite Pipe (TCP), has signed a memorandum of understanding (MoU) with French renewable hydrogen supplier Lhyfe, to collaborate on the transportation solution for hydrogen produced from a floating wind…
TotalEnergies, the French oil major with growing renewables aspirations, on Tuesday confirmed the start of the construction of the 30MW Eolmed floating wind project in the Mediterranean Sea, off France.The project, in which TotalEnergies has a 20% stake…
New Fortress Energy has executed a binding agreement to charter a floating storage and regasification unit (“FSRU”) to Dutch energy network operator Gasunie, in an effort by the Netherlands to reduce Russian gas imports. The chartered FSRU will provide storage capacity of approximately 170…
Brazilian oil company Petrobras has started the binding phase for the sale of its stake in the Tartaruga field, located in shallow waters of the Sergipe-Alagoas Basin, state of Sergipe.Petrobras said last month it was relaunching the the sale process of its stake in the Tartaruga field…
Danish offshore vessel owner Maersk Supply Service has decided to recycle three of its older vessels that have been laid up in Fredericia, Denmark.The three vessels, Maersk Helper anchor handler, and Maersk Attender and Maersk Winner subsea support vessels…
Suncor Energy Inc exceeded analysts' estimates for first-quarter profit and boosted dividend by 12% to its highest level on Monday, as Canada's No.3 oil major benefited from soaring crude prices.Global crude oil prices surged to levels not seen…
A joint venture formed by Canada-based firms CGX Energy and Frontera Energy on Monday said results from a well drilled in Guyana's offshore Corentyne block showed the presence of light oil and gas condensate.'The joint venture encountered hydrocarbons in multiple zones…
U.S. government officials in March asked Brazil's state-run oil company Petrobras whether it could increase crude output after Russia's invasion of Ukraine sent global prices soaring, three people with knowledge of the matter told Reuters. They came away empty-handed…
Oil and gas company Neptune Energy said Tuesday it would spend more than $1 billion over the next five years 'securing energy supplies for the UK and speeding the transition to net zero.'The amount planned for investment includes capex and pre-development…