UK's Oil & Gas Authority on Wednesday submitted a revised strategy for laying before the UK Parliament featuring for the first time an obligation on the oil and gas industry to support the UK’s net-zero target.'The revised Strategy reflects the ongoing global energy transition…
Just hours after announcing three contracts for its platform suppliers in the North Sea and Suriname, Norwegian offshore vessel operator Solstad Offshore released a separate statement on Thursday, announcing charters for three construction vessels…
Oil and gas company Energean has said it has completed its acquisition of Edison Exploration & Production from Edison.The gross consideration for the transaction, as at the locked box date of 1 January 2019, is $284 million and the final net consideration (net of cash acquired)…
UK-based Ineos, one of the world's largest chemical producers, has struck a ten-year power purchase deal in Belgium with RWE Supply & Trading. Electricity will come from an offshore wind farm.,Starting from 2021, Ineos will buy 198 gigawatt-hours of green electricity per year from RWE…
Southeast Asia-focused oil company KrisEnergy has yet again extended the long-stop date for the completion of the sale of its interest in the Vietnam Block 115/09.KrisEnergy first announced it had agreed to sell the offshore block to an unnamed…
Danish drilling contractor Maersk Drilling's Maersk Intrepid jack-up drilling unit, recently converted to a hybrid, low-emission rig, has in its first month of operation since the upgrade, seen its CO2 emissions drop by 25%, and NOx by 95%, according to the rig owner…
Dutch offshore installation services company Heerema Marine Contractors has, using its heavy lift vessel Aegir, transported and installed the 1650 metric ton water handling module for client TechnipFMC on the Woodside-operated Pluto Alpha offshore platform in Australia…
Energean, an oil and gas company focused on developing its Karish gas field offshore Israel, has signed agreements to sell more gas from the project.The company said Thursday its 70 percent-owned subsidiary Energean Israel had entered into a…
Oil and gas explorer Far Ltd said on Thursday it received a A$209.6 million ($159.15 mln) all-cash takeover proposal from private investment firm Remus Horizons PCC Ltd.The offer values Far at 2.1 Australian cents per share, representing a premium of 90…
Equinor has awarded key contracts for the Northern Lights carbon capture and storage project in Norway to Aker Solutions. The contract awards come just days after the Norwegian Government announced its funding decision for the Northern Lights project…
Norwegian offshore vessel operator Rem Offshore has ordered a Construction Service Vessel for offshore wind operations from Green Yard Kleven shipyard in Ulsteinvik.Havyard Design & Solutions AS is responsible for the design. The vessel, which…
Russian oil and gas giant Rosneft has said it has discovered a new 'unique' offshore gas field in the Arctic with total reserves of 514 bcm of gas and 53 million tons of condensate.Rosneft made the discovery at the Vostochno-Prinovozemelsky-2 license area in the Kara Sea…
Venezuelan state oil company Petroleos de Venezuela has begun transferring crude off of an offshore oil facility where governments in two neighboring countries have voiced concerns about a potential spill, two people familiar with the matter said on Tuesday…
Ocean bottom seismic firm Magseis Fairfield has won a deepwater Ocean Bottom Node (OBN) monitor survey in the US Gulf of Mexico.The survey is expected to start in the first quarter of 2021 and run for approximately three months.Magseis Fairfield did not say who the client was…
2020 has been dismal for upstream dealmakers across Asia Pacific. During a recent conversation with a senior banker in the region, I mentioned that deal activity was so poor this year that as of October, only a sliver over US$400 million and 117 million boe of 2P resources had transacted (vs US$5…