Colombia's majority state-owned energy company Ecopetrol has appointed Ricardo Roa as its new chief executive, the company said in a statement late on Tuesday, adding he will assume the role from April 30 at the latest. Roa's appointment follows…
Petrofac Ltd said on Wednesday it expects to report a wider operating loss of about $150 million to $170 million for 2022, after a review of its portfolio of contracts and contractual and commercial issues revealed increased costs. The oilfield…
Irish-Spanish consortium IberBlue Wind plans to invest more than 4 billion euros ($4.36 billion) in two [floating] wind farms off the Atlantic coasts of Portugal and Spain, it said on Tuesday.IberBlue said in a statement it aimed to create a combined installed capacity of 1…
GE Power Conversion said Tuesday it had recently secured a contract with Singapore-based Keppel Shipyard to supply and deliver two electrical modules for the Petrobras P-80 and P-83 FPSOs.'The integrated electrical module to be provided by GE…
Dutch FPSO specialist SBM Offshore on Tuesday announced the arrival of the FPSO Prosperity at the Stabroek Block offshore Guyana.The FPSO traveled just over 11,000 nautical miles – or just over 20,000 kilometers - from Singapore to Guyana in just under 50 days…
The global wind energy market will pass the one terawatt (TW) threshold for installed capacity by the end of 2023, according to the latest market outlook from Wood Mackenzie.“After needing more than 40 years to reach one TW of installations…
Trillion Energy International, an oil and gas firm focused on the Turkish section of the Black Sea, said Tuesday it had started drilling the Bayhanli-2 well at the SASB offshore gas field.Bayhanli-2 is the fifth gas well in the company's multi-well drilling program at the SASB gas field development…
Norway-based offshore vessel owner DOF has secured a three-year contract for its anchor handling tug supply vessel (AHTS) Skandi Vega with the current charterer Equinor.The contract, which includes two one-year options, will start in direct continuation of the current contract…
Kazakhstan has started arbitration proceedings against companies developing its Kashagan and Karachaganak oilfields over $13 billion and $3.5 billion, respectively, in costs deducted as part of profit-sharing deals, its energy minister said on Tuesday…
UK-based oil and gas company Harbour Energy and oil major BP on Monday said they had agreed to develop the Viking CCS transportation and storage project in the UK.Harbour continues as operator of Viking CCS with a 60%, with BP acquiring a 40% non-operated share…
BW Energy on Monday announced it has achieved first oil from the Hibiscus / Ruche Phase 1 development in the Dussafu license offshore Gabon.'Production performance from the first well has been in line with expectations and is currently stabilized at approximately 6…
Acteon announced its engineering, moorings and foundations division InterMoor has been awarded a decommissioning contract by Chevron Thailand Exploration and Production, Ltd. (CTEP).Following InterMoor’s completion of Phase 1 decommissioning work in 2021 in the Gulf of Thailand…
Borr Drilling announced it has secured more offshore drilling work in Latin America.The Norwegian shallow water drilling company announced Monday that its jack-up rig Hild has been contracted by an undisclosed customer for a firm term of 725 days…
Malaysia said on Saturday it was firmly committed to protecting its sovereign rights and interests in the South China Sea after China expressed concern about Malaysian energy projects in a part of the sea that China also claims.Malaysian Prime…
Indonesia has put three oil and gas exploration blocks out for tender in its first bidding round of the year, with estimated resources of more than 2.4 billion barrel of oil and 9 trillion cubic feet of gas, its energy ministry said.Indonesia plans to offer 10 oil and gas working areas this year…