Russian Deputy Prime Minister Alexander Novak said on Monday oil prices could reach $300 a barrel if Russian crude was shunned by the West but he said such a scenario was unlikely, TASS news agency reported.Trading sources have said some buyers…
French offshore seismic services firm CGG has partnered with the Selkie Project, a new €5.2m cross-border initiative aiming to boost the marine energy industry in Wales and Ireland.'Selkie is bringing together leading researchers and businesses…
Pressure mounted on TotalEnergies over its ties to Russia as activists spray-painted its headquarters west of Paris on Monday and France's green presidential candidate accused the company and its boss of complicity with the Kremlin.TotalEnergies…
The Petroleum Safety Authority Norway (PSA) has granted Aker BP its approval to use the Hod B platform in the Norwegian part of the North Sea.Hod B is a normally unmanned installation (NUI), installed in August last year at the Hod field, offshore Norway…
British oil major BP has won two offshore exploration blocks in Indonesia, as part of the Indonesian government's second round of the 2021 Oil and Gas Working Area (WK) Bid Round. The blocks in question are Agung l and Agung ll oil and gas exploration blocks…
Norwegian offshore vessel operator Eidesvik Offshore said Friday it had won a contract for its Veritas Viking seismic vessel.The deal, with an undisclosed client, is for a bareboat charter for 100 days with options for extensions. The 93,4 meters long vessel was built in 1998…
Norwegian offshore energy services firm Aker Solutions has appointed Trine Svalestad to the new position of senior vice president for sustainability. The company, for years mostly referred to as 'oilfield services company,' said Monday it 'sees…
Australia's offshore petroleum watchdog has cleared the way for Shell to restart its Prelude floating liquefied natural gas (FLNG) site off northwestern Australia after a power outage forced a shutdown in December.Shell has given no timeframe for when production will resume at the 3…
Gennady Timchenko, a long-time ally of Russian President Vladimir Putin, resigned from the board at gas producer Novatek on Monday after he was targeted by sanctions over Russia's military campaign in Ukraine.Novatek, Russia's largest private natural gas producer…
Norway's Equinor has shut its Snorre B oil platform as a precautionary measure following an earthquake in the North Sea, the company said on Monday.It was not yet clear when Snorre B, which produces between 30,000-35,000 barrels per day of oil…
California's grid operator said on Friday it had approved a 10-year plan on March 17 aimed at boosting grid resiliency in the U.S. state and meeting clean energy targets.The California Independent System Operator (CAISO) outlined 23 projects in its 2021-2022 10-Year Transmission Plan…
U.S. oilfield services companies Halliburton and Schlumberger said on Friday they have suspended or halted Russia operations in response to U.S. sanctions over Moscow's invasion of Ukraine.The disclosures followed widespread departures by energy…
Brazil this decade expects to gradually add 3 million barrels per day of oil and gas to its production but cannot speed up those plans to offset a ban on Russian oil, top oil regulator Rodolfo Saboia told Reuters last week.One of the largest and fastest-growing non-OPEC oil producers…
UK offshore oil and gas regulator the Oil and Gas Authority on Monday announced the name change to the North Sea Transition Authority (NSTA) 'to reflect its evolving role in the energy transition.''In 2021, the OGA revised our strategy to put…
Oil and gas company Neptune Energy said Monday it had encountered hydrocarbons at the Hamlet exploration well in the Norwegian sector of the North Sea.'Having entered the reservoir, located within the Gjøa licence (PL153), logs encountered hydrocarbons and a decision was made to initiate coring…