Guyana's Vice President Bharrat Jagdeo on Thursday said the government will not take action against a local Exxon Mobil Corp contractor after Reuters reported its owners are under a U.S. criminal investigation.Last Friday, Reuters disclosed that U…
Oil and gas company Kistos said Friday that its appeal against the Netherlands Ministry of Economic Affairs' decision not to extend the term of the M10/M11 offshore license had been successful.'This ruling is effective immediately and the licence is extended by five years…
President Joe Biden traveled to Philadelphia on Thursday to attend a steel cutting ceremony for Great Lakes Dredge & Dock Corporation's new offshore wind rock placement vessel, touting his administration’s clean energy agenda and job creation efforts as the U…
Offshore drilling contractor Transocean said Wednesday it had recently secured contracts and contract extensions worth $1.2 billion in total.In its fleet status report, the company said that contracts had been secured for seven drilling rigs…
The British government said on Thursday it would cut the proportion of funds going to the royal family from the Crown Estate next year, after King Charles said he wanted bumper windfarm profits to go to the 'wider public good'. Each year, the…
Dutch firm SBM Offshore, one of the world's largest FPSO suppliers, has teamed up with Irish renewable energy firm DP Energy to pursue floating offshore wind energy opportunities off Nova Scotia with their now formalized new joint venture.The…
UK-based CRP Subsea has recently won a 'major' contract from an unnamed 'leading energy technology company,' AIS, CRP's parent company, said this week.CRP Subsea will deliver 333 distributed buoyancy modules (DBMs) for a deepwater oil field project located in the pre-salt Santos Basin…
Oslo-listed oil and gas company BW Energy has started production from the third well of the Hibiscus / Ruche Phase 1 development in the Dussafu license offshore Gabon.'Well performance is in line with expectations, with current production at approximately 6…
UK-based oil and gas exploration and production company Capricorn Energy is keeping its fingers crossed that Woodside's Sangomar offshore oil project in Senegal will produce the first oil by June 30, 2024.In December 2020, Scotland-based Capricorn Energy…
Africa-focused oil and gas company oil and gas company Afentra has agreed to buy stakes in two offshore blocks in Angola from Azule Energy Angola Production, an Angolan JV company formed in 2022 by Eni and BP.Afentra will acquire a 12% interest in Block 3/05 and a 16% interest in Block 3/05A…
Halliburton Co and Baker Hughes beat analysts' estimates for second-quarter profit on Wednesday on the back of strong demand for oilfield services internationally, even as domestic activity stumbled. While oilfield drilling has seen a resurgence abroad…
Work has begun on a 2.4 billion pound (2.8 billion euro) project to build the first power cable linking Britain and Germany, said NeuConnect Interconnector, which is leading the move to connect two of Europe’s largest energy markets for the first time…
A liquefied natural gas (LNG) vessel moored in the Tuscan port of Piombino will be moved off the coast of Vado Ligure and Savona in Italy's northwestern region of Liguria, the president of Liguria said on Tuesday.Italian gas grid operator Snam…
Portugal has increased its ambitions for offshore wind energy and has sharply raised its target for a first auction of offshore floating windfarm licenses, Environment Minister Duarte Cordeiro told Reuters on Tuesday.Cordeiro said the sale, due to take place by the end of the year…
Full output has resumed at the Mongstad oil refinery in Norway, operator Equinor said on Wednesday, following a partial outage on July 12 due to a lightning strike near the plant. Mongstad is Equinor's largest refinery with a crude oil and condensate distillation capacity of 226…