Gulf Marine Services, a UAE-based provider of self-propelled, self-elevating support vessels serving the offshore oil, gas, and renewables industries, has struck a deal with banks to reduce the interest rate on its loan.'Under the revised agreement…
Oil prices rose on Thursday on optimism over a U.S. government spending plan and hopes that OPEC and its allies will keep production curbs in place when they meet on Thursday.Brent crude was up by 91 cents, or 1.5%, at $63.65 a barrel by 0849 GMT…
Romanian oil and gas company Romgaz has filed a takeover offer for ExxonMobil's Romanian subsidiary holding a share in an offshore block in the Black Sea.ExxonMobil Exploration and Production Romania Limited holds a 50 percent stake in the XIX Neptun Deep Block in the Black Sea…
Russian oil company Lukoil has decided not to launch a binding takeover offer for Australian oil firm FAR, which owns a share in the Sangomar field offshore Senegal.FAR had in February received a conditional non-binding indicative proposal from Lukoil to acquire the shares of FAR at 2…
Japan's JERA has opened an office in the city of Akita as a base for offshore wind projects off the coast of Akita Prefecture, Japan.Favorable wind conditions along the Japan Sea from Hokkaido to Tohoku make it a promising area with many locations suitable for offshore wind power generation…
Australian oil and gas company Carnarvon Petroleum has informed that Advance Energy has, subject to shareholder approval, raised capital to acquire a 50% interest in Carnarvon's Buffalo project, in the Timor Sea, offshore East Timor, paving way for the start of drilling operations this year…
U.S. crude oil production fell to 11.08 million barrels per day in January, from a revised 11.101 million bpd in December, according to a monthly report from the Energy Information Administration on Wednesday.Crude output for January, the latest monthly data available…
The Biden administration aims to transform the United States into the world’s leading producer of energy from offshore wind after years of lagging behind Europe, a senior official said on Wednesday.President Joe Biden’s cabinet earlier this…
Offshore wind turbine maker Siemens Gamesa Renewable Energy (SGRE) has received its first firm order for its giant 14MW offshore wind turbine.The order, from RWE, is for the supply of 100 units of its 14MW SG 14-222 DD offshore wind turbine…
Oil and gas company Tullow Oil has completed the sale of its assets in Equatorial Guinea to Panoro Energy, from which it had earlier on Wednesday received a payment of $88.8 million.The transaction also includes contingent cash payments of up…
Production from the Apsara field, Cambodia's first producing offshore oil field, has been below expectations, and will almost certainly not meet the pre-development forecast of peak production of 7,500 bopd, according to KrisEnergy, the operator of the project…
Israel's Delek Group on Wednesday reported a record profit in the fourth quarter on strong revenue and a boost in the value of its North Sea unit Ithaca.Net profit rose to about 1.1 billion shekels ($330 million) for the October-December quarter…
DNV, energy industry expertise and assurance provider on Wednesday published what it said was the world’s first recommended practice (RP) for floating solar power projects following a collaborative joint industry project (JIP) involving 24 industry participants…
Energy giant Shell has taken over full control over the Egmond aan Zee offshore wind farm in the Netherlands, buying out Vattenfall from the NoordzeeWind joint venture.Offshore wind farm Egmond aan Zee started operating in 2007, supplying electricity to more than 100…
'At-scale recycling of wind turbine blades is an important first step towards achieving a zero-carbon, zero-waste offshore wind industry and boosting the UK supply chain by 20,000 jobs, ' the UK-based Offshore Renewable Energy (ORE) Catapult said in a report Wednesday…