Egypt's Minister of Petroleum and Mineral Resources said on Wednesday that the full settlement of arrears owed to oil and gas partners marked a turning point for the sector.Badawi added that the achievement, which reduced arrears to zero from about $6…
Oil prices were steady on Wednesday, as renewed U.S.-Iran hostilities muddied direction, though a forecast U.S. stock draw offered support.Brent futures LCOc1 were up 25 cents, or 0.27%, to $91.70 a barrel at 0736 GMT, while U.S. West Texas Intermediate crude CLc1 was up 23 cents…
Shell and its partners QatarEnergy and Namibia's national oil company NAMCOR have reported encouraging results from the Merlin-1X exploration well in Petroleum Exploration License 0039 (PEL 0039) offshore Namibia, with the well delivering the…
Abu Dhabi National Oil Company is exploring opportunities in Canada's upstream and liquefied natural gas sectors through its international arm XRG, a senior company executive said on Tuesday at the Global Energy Show in Calgary.Musabbeh Al Kaabi…
Malysia’s Petronas and Japan's JERA have signed a new long-term liquefied natural gas (LNG) supply agreement that will extend their partnership into the 2040s.Under the agreement, Petronas, through its wholly owned subsidiary Petronas LNG (PLL)…
Norway's parliament on Tuesday ordered the government to review its planned subsidy for the country's first commercial floating offshore wind farm, raising concerns of a full development stop and a wider impact on energy transition projects…
Global offshore wind capacity is set to quadruple over the next decade to reach 420 gigawatts (GW) by the end of 2035, a report by the Global Wind Energy Council (GWEC) showed on Tuesday.Around 92 GW of offshore wind was installed by the end of 2025…
BP has set out plans to reorganize its operations into two business segments from July 1, simplifying its organizational structure as part of efforts to improve performance and increase shareholder value.The company said it will replace its…
Crane specialist Liebherr will supply six RL 2600 offshore cranes for TenneT's 2 GW offshore wind transmission projects in the Netherlands under a contract with Singapore-based engineering, procurement and construction contractor Seatrium.The cranes will be installed on the IJmuiden Ver Beta…
T12 Engineering has completed the assembly and shipment of a 60-tonne gravity-based subsea structure destined for offshore installation in Norway.The structure, designed for an independent Norwegian oil and gas operator, departed from the Port…
French wave energy company Seaturns has deployed its full-scale wave energy demonstrator off the French Atlantic coast, starting an offshore trial campaign that will run for a minimum of one year.The deployment marks a key milestone on its path…
Vaalco Energy has resumed production from the Baobab field on the CI-40 block offshore Côte d’Ivoire following the completion of refurbishment work on the Baobab Ivoirien floating production, storage and offloading (FPSO) vessel.Hydrocarbon…
Viridien and Aker BP have entered into a five-year strategic partnership agreement to strengthen collaboration on multi-client ocean bottom node (OBN) seismic acquisition, imaging and technology development for exploration on the Norwegian Continental Shelf…
Hydrogen of Dutch Origin (H2DO) and its partners have launched a feasibility and concept study for a 30-50 MW offshore green hydrogen project in the Dutch North Sea, aimed at demonstrating how offshore hydrogen production could support the expansion…