Occidental Petroleum Corp will write down the value of its oil and gas properties by up to $9 billion this quarter and restructure some debts to avoid a possible default, the company said on Thursday.The U.S. oil producer is trying to shed nearly…
Construction of Gazprom's ice-resistant offshore production platform for the development of the Kamennomysskoye-Sea field began Thursday at the shipyard of Southern Shipbuilding and Repair Center (part of United Shipbuilding Corporation) in the Astrakhan Region…
Brazil's state-run oil firm Petroleo Brasileiro SA said on Thursday that it has commenced oil and gas production at the Atapu well in the eastern portion of the country's massive Santos basin.Petrobras, as the company is known, is operating the well with the P-70 floating production…
From creating jobs in home insulation to hiking dirty fuel taxes and expanding electric-vehicle charging, Britain's government should harness the COVID-19 pandemic to accelerate cuts in planet-heating emissions, an advisory panel said on Thursday…
Norway's ambition to build a full-scale carbon capture and storage (CCS) chain could cost around $25 billion crowns ($2.58 billion), including operating costs for ten years, an economic analysis showed on Thursday.The International Energy Agency…
U.S. oilfield services provider Danos has won a contract with Shell to provide a production workforce across Shell production assets in the Gulf of Mexico.The assets to be covered by the agreement include Appomattox, Auger, Enchilada, Salsa…
Norwegian oil company Aker BP has secured regulatory approval from the Norwegian Petroleum Directorate to drill two wells in a block in the Norwegian Sea.Under the plan, Aker BP will drill wells 6607/12-4 and 6607/12-4 A in the production license 127 C…
Energy industry lobbyists and advocates of renewable hydrogen are divided over whether the bloc should support low-carbon hydrogen produced by fossil fuels ahead of a new EU strategy next month.The EU's executive Commission plans to publish its hydrogen strategy on July 8…
The Norwegian oil and gas regulator Norwegian Petroleum Directorate has appointed new senior management team.'The six directors who will make up the Norwegian Petroleum Directorate’s senior management team along with Director General Ingrid Sølvberg have now been employed…
Crane specialist Liebherr has shared images of the recent loading of the first monopiles in Rostock, Germany, for the Danish offshore wind farm 'Kriegers Flak.'The wind farm, located south of the Danish coast, and being developed by Vattenfall…
Shell's giant Brent Alpha oil and gas platform, removed from its offshore location in the North Sea earlier this week, has arrived on Thursday at Able Seaton Port in the UK where it will be scrapped.The 44-year-old Brent Alpha is the third platform…
The Haven Seariser 2 jack-up vessel will soon be at work at nearshore area between Redcar and Marske-by-the-Sea in the UK to carry out a six-month offshore site investigation by service provider Fugro for Innogy's Sofia offshore wind farm.'The…
Australian oil and gas company Far has signed new Joint Operating Agreements with Petronas related to the A2 and A5 offshore blocks in The Republic of The Gambia.This follows the granting of new licenses for those blocks by the country's government effective October 1…
Aberdeen-based Oil & Gas Technology Centre (OGTC) has appointed Tendeka’s VP for Europe, Russia, CIS & Africa, Gillian King, to its Board of Directors.'Gillian has worked in the oil and gas industry for almost 20 years and is passionate about new technology…
U.S. energy companies slammed the brakes on returning staff to their Houston offices as COVID-19 cases soared and top hospitals warned they could soon run out of beds for the most severely ill patients.A record number of new illnesses in Texas…