The government of Trinidad and Tobago and Woodside Energy have reached an initial agreement on the commercial terms for developing the company's Calypso deepwater gas discoveries, moving the project one step closer to a final investment decision…
TotalEnergies and the Gujarat State Petroleum Corporation Limited (GSPC), a state-owned oil and gas company, announced the signing of a long-term Sale and Purchase Agreement (SPA) for a term of ten years starting in 2026.Under this agreement…
Ocean Installer, a subsidiary of Moreld, has executed an 18-month option, extending the charter-party with ship owner North Sea Shipping for the advanced multi-purpose offshore construction vessel North Sea Giant.The charter has been extended…
Carbon Catalyst Limited (CCL) has conducted a first CO2 injection test as part of the Poseidon carbon capture and storage (CCS) project, which will store CO2 at Perenco-operated Leman gas field in Southern North Sea.The Poseidon CO2 injection test took place on February 10…
Oslo-listed Vaar Energi, majority-owned by Italy's Eni, raised its dividend on Tuesday as the oil and gas exploration and production company reported a fourth-quarter operating profit in line with expectations.Vaar's earnings before interest…
TotalEnergies and Aker BP are seeking an independent review of their stakes in Equinor's Johan Sverdrup oilfield with a goal of boosting their holdings in the North Sea's largest producing field, Aker BP said on Wednesday.Built across several offshore oil and gas licences…
Brazil's Petrobras wants to buy stakes in African oil assets, mainly in Angola, Namibia and South Africa, to boost its reserves as it expects output to fall after 2030, a senior executive said on Wednesday.The Brazilian state energy firm is in talks with companies…
Frontera Energy Corporation and CGX Energy have received a notice from the Government of Guyana for the cancelation of license for the Corentyne block offshore the South American country.According to the joint venture partners, Guyana has taken the position that the license…
A report published by RenewableUK has outlined key proposals to enable the operational lifespan of offshore wind farms to be extended, as well as recommendations for the development of the best decommissioning options.The UK’s first offshore wind farm began generating clean power in 2000…
Engineering firm Kystdesign has secured a contract to supply four work class remotely operated vehicles (ROVs) and accompanying equipment as part of its largest ordered booked to date.This significant agreement with an undisclosed client involves the supply of four Work Class ROVs…
BP plans to add six new wells to its operation in Azerbaijan's Shah Deniz gas field in the Caspian Sea to ensure stable production in the years ahead, a senior manager at the international energy major told Reuters.BP currently operates 21 gas wells in Shah Deniz…
Next Ocean, a Dutch developer of Vessel Motion Radar systems for offshore wind and oil and gas industries, has secured seed investment from Arches Capital to drive its business expansion.This funding will accelerate Next Ocean’s growth, enabling the company to scale production…
Italian offshore energy services firm Saipem has entered into a new $620 million revolving credit facility with a pool of fourteen national and international financial institutions.The facility has a tenor of three years, extendable for a further…
Norway will not offer acreage suitable for bottom-fixed offshore wind farm development when it next announces new tenders, and will instead focus on floating wind options, it said on Monday.The government had previously said it would offer new…
BP reported quarterly profit of $1.17 billion on Tuesday, weaker than expected and the lowest in four years, while the company promised to reset its strategy, after news broke at the weekend that investor Elliott Management had built up a stake…