BP's profit more than tripled to $2.6 billion in the first quarter thanks to stronger oil prices and bumper revenue from natural gas trading, paving the way for the energy company to start buying back its shares.The jump in profits from a year…
Oilfield services firm Archer said it has signed an offer letter with Moreld laying out principle terms to purchase 100% of the shares in DeepWell, a Norwegian well intervention company focused on mechanical wireline and cased hole logging services…
British North Sea-focused oil producer EnQuest said it has signed a share purchase agreement (SPA) to purchase Whalsay Energy's 100% equity interest in the P1078 license containing one of the largest undeveloped oil fields in the U.K. North Sea…
Portugal's Galp Energia on Monday reported a 13% slump in adjusted first-quarter net profit, hit by a decline in oil production owing to constraints caused by the COVID-19 pandemic and slower refining activity. Galp suspended output at its largest refinery in Sines and its smallest…
Delek Drilling said on Monday it has signed a non-binding deal to sell its stake in the east Mediterranean natural gas field Tamar to Abu Dhabi's Mubadala Petroleum for $1.1 billion.The deal, if finalized, would be among the most significant…
French energy group Total declared force majeure on its $20 billion liquefied natural gas (LNG) project in Mozambique and confirmed it had withdrawn all staff from the construction site following insurgent attacks last month.Dozens of civilians…
After a thorough analyses and mapping of damages, Equinor changed the schedule for repair and start-up of the LNG plant on Melkøya after the fire on September 28, 2020. Due to the comprehensive scope of work and Covid-19 restrictions, the revised estimated start-up date is set to March 31…
International oil activity should ramp-up through the end of this year and beyond, Schlumberger NV top boss Olivier Le Peuch said on Friday, a shift that will help the company grow revenue outside North America by double-digits in the second half of the year…
U.S. oil giant Chevron Corp lobbied lawmakers and government officials to protect its energy interests in Myanmar during the first quarter, as the administration of President Joe Biden comes under pressure to impose sanctions against the south Asian country’s military junta…
Ocean Power Technologies, Inc. (OPT) said Thursday that Enel Green Power (EGP) has deployed OPT's PB3 PowerBuoy off the coast of Las Cruces, Chile to support the country’s transition to clean energy.OPT’s PB3 PowerBuoy converts wave motion into…
Aberdeen-based well management company Zenith Energy has won a multi-year contract with Australian oil and gas firm Woodside Energy in Senegal.The agreement is for the provision of drilling and completion engineering and ad-hoc support services…
Norwegian oil and gas firm Equinor is on track to have over 35% of its total oil and gas production base by 2025 powered from shore, GlobalData, a data and analytics company said Thursday, citing Equinor's active and upcoming electrification projects across the Norwegian Continental Shelf…
Dutch company Barge Master has developed a motion-compensated feeder solution for the next generation of offshore wind turbines, called BM-Feeder.The company said that its motion-compensated platform with its adjustable payload capacity is capable of 'feedering' all turbine components…
CGX Resources, an oil and gas company with offshore blocks in Guyana, has awarded Maersk Drilling a one-well rig contract.The Danish offshore drilling contractor said Thursday that CGX would use its semi-submersible drilling rig Maersk Discoverer…
dCarbonX, a company looking to develop offshore geothermal energy and storage sites for CO2, hydrogen, and ammonia in Ireland and UK has signed a strategic agreement with CGG, a company specializing in the provision of seismic data for oil and gas exploration…