Exxon Mobil Corp on Monday said it would write down the value of natural gas properties by $17 billion to $20 billion, its biggest-ever impairment, and slash project spending next year to its lowest level in 15 years.The oil major is reeling…
Ireland-based oil and gas company Providence Resources has signed a farm-out deal with SpotOn Energy for the offshore block in Ireland containing the Barryroe oil and gas discovery.Providence Resources, together with its partner Lansdowne Oil…
The UK North Sea energy jobs count will drop by at least 20 percent in the coming years without urgent investment in the clean technologies needed to create a net-zero offshore energy system, a report by OGTC and Offshore Renewable Energy Catapult shows…
Norwegian marine seismic data acquisition company PGS has informed that its Ramform Titan vessel is about to continue the acquisition of the Campos Deepwater GeoStreamer X (Phase 2), a prefunded MultiClient 3D seismic survey with multi-azimuth coverage…
Oil and gas firm Rockhopper Exploration, with an interest in the Sea Lion project off the Falkland Islands, and Premier Oil as the operator, have reached an agreement with Israeli firm Navitas Petroleum to extend the exclusivity period for the latter's farm-in into the project…
OPEC oil output rose for a fifth month in November, a Reuters survey found, as increased Libyan production offset full adherence by other producers to cuts agreed in an OPEC-led supply deal.The 13-member Organization of the Petroleum Exporting Countries has pumped 25…
The Danish Supreme Court on Monday ruled that offshore wind developer Ørsted can keep using its name, following a lawsuit brought after the company changed its name from DONG Energy to Ørsted back in 2017.The name change took place after DONG…
Poland's biggest oil refiner PKN Orlen expects to invest around 140 billion zlotys ($37.45 billion) over the next ten years as it shifts focus to building clean energy sources rather than oil refining, it said on Monday.The company said in September…
Norwegian subsea services provider Reach Subsea has chartered two subsea vessels from Olympic Subsea, citing an expected increase in work activity in 2021.Reach Subsea said Monday it has had a busy 2020, despite market turbulence, and against a backdrop of the expected increase in activity…
Norwegian oil giant Equinor has been cleared to drill an exploration well at the Isflak prospect in the Barents Sea.The well 7220/7-4 sits in the production license 532, in a water depth of 351 meters. The approval was granted by the safety regulator PSA Norway…
ExxonMobil has called off the potential multibillion-dollar sale of its oil and gas assets in Australia’s Bass Strait, according to the Australian Financial Review.The decision by the U.S. oil major comes just six weeks after the deadline for…
Renewable energy company RWE will deploy special collars around the monopile foundations at the seabed level at its Kaskasi offshore wind farm, in what has been described as 'the first time ever in the renewables industry.'The ‘collared monopile’ is designed based on an RWE patent…
Russia's Nord Stream 2 said on Saturday it planned to resume pipe-laying work on a 2.6 kilometer (1.62 mile) stretch of the stalled Moscow-backed gas pipeline to Europe in Germany's Exclusive Economic Zone.The 1,230 km pipeline under the Baltic Sea…
Mozambique's National Petroleum Institute said on Friday it had not yet been notified of any intention by ExxonMobil and Total to renegotiate a resource-sharing agreement for their massive LNG projects in the country.Reuters reported earlier…
The European Commission has granted its approval for wind turbine maker Vestas to acquire Mitsubishi Heavy Industries' shares in their offshore wind joint venture MHI Vestas Offshore Wind.The agreement, which will also see MHI acquire 2.5 percent…