Singapore's Sembcorp Marine has completed the construction of substations for Ørsted's Hornsea Two offshore wind farm in the UK.The two substations, the Offshore Substation (OSS) and Reactive Compensation Station (RCS), set off on a voyage to…
Oil and gas producers in the U.S. Gulf of Mexico have consolidated at a faster rate during the pandemic, new government data shows, as crashing prices squeezed out smaller drillers who had been seen as the industry's future.The dominance of…
Australian oil company Woodside confirmed Monday it has been in talks with BHP over the potential acquisition of BHP's oil and gas business.'Woodside notes recent speculation regarding a potential transaction between Woodside and BHP Petroleum…
The Gambia's A1 offshore block is back on the market for licensing, the petroleum ministry said on Thursday, three days after BP agreed to a $29.3 million settlement for failing to meet its drilling obligations there.The British oil major violated…
Malaysian oil company Ping Petroleum, a subsidiary of DNeX, has agreed to buy the remaining 50 percent stake in the Avalon oil field in the UK North Sea, for $17 million.Ping will buy the 50 percent stake in the oil field from Summit Exploration and Production…
Oslo-listed company Carbon Transition, previously known as Axxis Geo Solutions, said Friday that its AGS business line had successfully completed the ROV-deployed ocean bottom node survey in the North Sea, which was announced in November 2020…
Norwegian oil and gas exploration and production company Vår Energi has obtained regulatory consent to drill an exploration well in the Barents Sea, off Norway.The Petroleum Safety Authority Norway on Thursday said it had given Vår Energi its…
Oil and gas firm TAQA said Friday that Heerema Marine Contractors had successfully removed the topside of its Brae Bravo platform in the UK North Sea.'This marked the completion of two successful ground-breaking campaigns with HAF, the Heerema…
Energy intelligence firm GlobalData expects Brazil to contribute around 23% or 1.3 million barrels per day (mmbd) of global crude oil and condensate production in 2025 from key offshore planned and announced projects (new-build projects) that are expected to start operations between 2021 to 2025…
Top oilfield services firm Schlumberger on Thursday said it had withdrawn staff from next week's Offshore Technology Conference (OTC), which typically attracts at least 60,000 attendees to Houston, citing the area's rise in COVID-19 cases.The…
Expectations are growing that BHP Group Ltd will deliver a verdict on the future of its petroleum business at its results next week, as it comes under increasing pressure to cut its fossil fuel footprint.The world's biggest miner has been facing…
Scotland's First Minister Nicola Sturgeon has sent a letter to the UK Prime Minister Boris Johnson, asking for the UK Government to reassess offshore oil and gas licenses already issued but where field development has not yet started, 'in light…
dCarbonX, a firm looking to develop offshore geothermal energy and storage sites for CO2, hydrogen, and ammonia, has struck a deal with the Irish state-owned Electricity Supply Board (ESB) to develop large-scale storage for green hydrogen off the coast of County Cork…
Aberdeen-based software firm ZynQ 360 is set to hire more people on the back of several contract awards in the oil and gas space totalling more than $5 million.ZynQ 360 said Thursday that the contracts would be delivered across the USA, UK, and Western Australia…
Maritime and offshore classification society ABS said Thursday it had brought together leading companies in the Floating Production Storage and Offloading (FPSO) sector to address the safety challenges produced by a fleet where more than half…