State-run refiner Indian Oil Corporation (IOC) has made its first purchase of Norway's Johan Sverdrup crude, buying four million barrels via a tender as it speeds up diversification of crude imports, two trade sources told Reuters on Monday…
Offshore wind developer Ocean Winds said Monday it was eyeing the expansion of its global offshore wind portfolio to include Ireland.Ocean Winds' current offshore wind portfolio includes 1.5GW in construction and 4GW in development.The company…
The United States’ offshore wind industry is tiny, with just seven wind turbines operating off Rhode Island and Virginia. The few attempts to build large-scale wind farms like Europe’s have run into long delays, but that may be about to change…
PSE Kinsale Energy, a Petronas subsidiary working to decommission its Kinsale area offshore gas fields in Ireland, has awarded a contract to HydraWell to support the project.PSE Kinsale Energy last July said that the Kinsale area offshore gas…
Malaysia's state energy firm Petronas said on Friday that its Myanmar unit had declared force majeure on its Yetagun field on Thursday due to depletion of gas production.The decision came after challenges that resulted in the production rate…
Offshore drilling rig contractor Seadrill has asked creditors to write off more than 85% of its debts in exchange for a 99% stake in the reorganized company, a court filing showed.The Oslo-listed firm controlled by Norwegian-born billionaire…
Malaysia, through its national oil company Petronas, on Monday today formalized a Unitisation Agreement (UA) with the Government of Brunei Darussalam for the Gumusut-Kakap and Geronggong-Jagus East fields which straddle along the Malaysian-Brunei maritime boundary…
In Antony and Cleopatra, Shakespeare coined the phrase “salad days” to mean a youthful time filled with unbridled enthusiasm and idealism. Indeed, youth, much like salad, is often raw, flavorful and most of all… green. Therefore, it is fitting…
UK-based oilfield services company Three60 Energy has been awarded a new framework agreement with Austria-based oil and gas company OMV for the provision of services in Norway.The agreement, which is in place for five years with options for extension…
A boat carrying more than 1,000 survivors of a highly organized, deadly attack by Islamic State-linked insurgents in northern Mozambique arrived in the port of Pemba on Thursday, a Reuters reporter and a diplomatic source said.Aid workers were…
UK-focused oil company Tailwind Energy has acquired Decipher Energy Limited, an oil and gas company with assets in the UK North Sea.'This acquisition will allow Tailwind to continue to deploy its strategy of exploiting organic production and…
Harbour Energy, a new UK North Sea oil and gas major, has been admitted to trading on the London Stock Exchange’s following the completion of the all-share merger of Chrysaor and Premier Oil.'Harbour is a global independent oil and gas company…
Dutch offshore installation company Van Oord on Thursday confirmed it had secured a contract to deliver and install monopile foundations and array cables for RWE's 1.4 GW Sofia offshore wind farm in the UK.The contract comes a little over a…
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…