Italian oil company Eni has extended the contract for BW Offshore's Abo Floating Production Storage Offloading (FPSO) vessel.BW Offshore, the owner of the FPSO, said Monday it had signed the extension with Eni's subsidiary Nigerian Agip Exploration…
A Total-led international consortium of oil and gas companies has signed an exploration and production agreement for the North Ras Kanayis offshore block located in the Herodotus Basin, offshore Egypt in the Mediterranean Sea.France-based Total is the operator with a 35% stake…
Russian energy giant Gazprom said on Friday it had begun delivering natural gas to Serbia and Bosnia through the TurkStream pipeline and a new route crossing Turkey and Bulgaria.The gas supplies destined to Serbia and Bosnia first reach Turkey via the TurkStream pipeline…
Azerbaijan has started commercial natural gas supplies to Europe via the Trans Adriatic Pipeline (TAP), the energy ministry said on Thursday, beginning its push into the lucrative energy market dominated by Russia.The project has the backing…
Brazilian oil company Petrobras has divested its stake in offshore drilling company Sete Brasil.The company on Wednesday transferred today to companies of Sete Brasil Group, for the symbolic total amount of 7 euros, the equity interest of 15%…
Energy, Wall Street's worst-performing industry in 2020, could see its fortunes improve in the new year after its price action surfaced a technical buy signal on the charts on Wednesday.The bullish development in S&P 500 energy sector is called a 'golden cross…
Exxon Mobil Corp signaled in a regulatory filing that higher oil and gas prices and improved chemicals margins would aid fourth-quarter results, but the gains would be overshadowed by an up to $20 billion asset write down.The largest U.S. oil…
Italy's Edison said on Wednesday it had sold its exploration and production assets in Norway to Norwegian oil and gas group Sval Energi as part of its strategy to focus on clean energy.Edison, owned by France's EDF, said the deal valued Edison Norge AS at $300 million…
Scotland-based energy company SSE plc has agreed to sell all of its interests in its portfolio of gas exploration and production (E&P) assets to Viaro Energy for a total consideration of up to £120 million (around $160 million). The diverse…
Oil and gas company Enquest, and Qualimar, the owner of the Northern Producer offshore oil platform, have recently applied for approvals to remove the semi-submersible unit from the North Sea fields, as well as for the removal of the related riser systems…
Mediterranean Sea-focused oil and gas firm Energean has entered into an agreement to buy Kerogen’s 30% shareholding in Energean Israel, which would result in Energean owning a 100% stake in the company.Energean Israel holds a 100% working interest in the Karish and Tanin leases…
Brazilian state-run oil company Petrobras said that it had received 232.6 million reais ($44.65 million) on Tuesday in a settlement with Swiss energy trading firm Vitol, which was implicated in a sprawling national corruption probe.Petroleo Brasileiro SA…
A former Malaysian employee of Norway's largest oil services company Aker Solutions has sued the firm, saying it tried to stop her from speaking to authorities about its business practices, an accusation the company denies.Seetha Kumarasamy…
Offshore seismic survey contractor Polarcus has said it has been awarded a letter of award for a survey in Asia Pacific.The seismic survey vessel owner said Wednesday that the letter of award entailed the provision of 3D seismic data acquisition services in the Asia Pacific region…
Belgian offshore installation contractor DEME Offshore has completed the installation of offshore wind turbine jackets for the 950 MW Moray East offshore wind farm in Scotland.The offshore wind farm is being developed by Moray Offshore Windfarm East Ltd (MOWEL)…