The Australian government has announced that 10 acreage release areas are available for bidding to explore offshore greenhouse gas storage locations.The areas are offshore of Western Australia, Victoria and Tasmania across seven basins: Bonaparte…
Chinese state-owned oil and gas giant CNOOC has signed a strategic cooperation agreement with Brazilian state oil firm Petrobras, Chinese government-backed media outlet The Paper reported on Tuesday, citing CNOOC.The agreement stated that the…
Oil and natural gas are still projected to meet more than half of the world’s energy needs in 2050, or 54%, Exxon Mobil Corp said on Monday, with the world failing to keep global temperature increases below 2 degrees Celsius.The largest U.S…
Maersk Supply Service has announced that it will focus on scale and competitiveness in two core business areas: offshore wind and offshore support vessels.By focusing on fewer business areas and regions, the company says it will increase its presence in core markets…
Energy services firm Expro announced it has entered into a definitive agreement (subject to customary closing conditions and working capital adjustments) to acquire offshore services provider PRT Offshore.Total consideration to be paid at closing is approximately $106 million…
Asia's top refiner, Sinopec Corp 0386.HK, is not interested in acquiring Shell's refinery or petrochemical plant in Singapore although it is keen on participating in a shale gas project in Saudi Arabia, the Chinese company's president said on Monday…
State-backed export credit agency Export Finance Norway (Eksfin) has provided loan guarantee financing to Spanish energy company Iberdrola, a transaction that supports Norwegian exporters’ participation in the East Anglia Three wind park project in the UK…
Cyprus rejected Chevron Corp's plan to develop the island nation's offshore Aphrodite natural gas field, Bloomberg News reported on Friday, citing Energy Minister Giorgos Papanastasiou.Papanastasiou told Bloomberg that the concerned parties…
The Bureau of Ocean Energy Management (BOEM) has announced it will publish the Final Notice of Sale for Gulf of Mexico Oil and Gas Lease Sale 261 in the Federal Register on August 25, 2023.BOEM plans to conduct the lease sale on September 27…
Woodside Energy on Thursday reached an in-principle agreement with unions at Australia's largest LNG project, potentially averting a disruption to supplies from the world's biggest exporter of the super-chilled fuel.Both Woodside and the union…
Subsea 7 has signed a three-year strategic partnership with Talos Energy to deliver commercial solutions for subsea engineering, construction and installation projects in the U.S. Gulf of Mexico.Under the agreement, the companies will collaborate…
German grid firm Amprion has selected Italy's Prysmian as 'preferred bidder' for three power transmission cable projects with an aggregate value of 4.5 billion euros ($4.9 billion), the Italian group said on Tuesday.Under the agreement, the…
Major Asian buyers of LNG could seek US cargoes in the coming weeks if worker-related disputes at key LNG facilities in Australia escalate, analysts said, as electricity demand continues surge due to warm weather.Uncertainty over labour disputes…
British oilfield services and engineering firm John Wood Group raised its expectations for annual adjusted core profit on Tuesday, betting on contract wins in its energy and materials business to sustain growth.Wood scored major contract wins…
Egypt's petroleum ministry on Tuesday announced a new oil discovery in the Geisum and Tawila West Concession in the Gulf of Suez.The new discovery was made by Egypt's Cheiron through exploration well GNN-11, currently producing more than 2,500 barrels a day…