UK-subsea rental equipment and solutions specialist Ashtead Technology said Monday it planned to acquire WeSubsea to expand its mechanical solutions service offering.Founded in 2010, WeSubsea is a specialist in subsea dredging technology solutions with its operating base in Aberdeenshire…
International oil major Shell has, together with Malaysia's Petronas, reached a final investment decision (FID) to develop the Rosmari-Marjoram deepwater sour gas fields, discovered in 2014, offshore Bintulu, Sarawak, Malaysia.Shell,which is the operator of the project with an 80 percent stake…
South Korea issued weather advisories and raised its typhoon alert level on Monday as typhoon Hinnamnor neared, with heavy rain and strong wind already lashing southern parts of the country.The typhoon, travelling northward at a speed of 19 km per hour (12 mph)…
Satellites recorded another large methane leak at an offshore platform belonging to Mexico's Pemex in August, according to exclusive data shared with Reuters, even as pressure mounts on the state oil company to reduce these emissions. Three…
The Kremlin blamed European politicians on Sunday for keeping shut the Nord Stream 1, one of its main gas supply routes, saying their economic sanctions on Russia had hindered Gazprom's maintenance of the pipeline.State-controlled Gazprom announced…
The euro fell below 99 cents for the first time in nearly two decades, while sterling was on the ropes on Monday as Russia's halt on gas supply down its main pipeline to Europe sparked concerns over energy prices and growth.The euro slid to $0…
Scana-owned PSW Technology has secured a contract with offshore drilling contractor Odfjell Drilling for the delivery of marine risers to operations in West Africa. The deal includes the leasing of a complete riser package for a minimum of 18 months…
U.S.-based LNG firm Excelerate Energy said Thursday that it had signed a term sheet with ENGIE for the deployment of a floating storage and regasification unit (“FSRU”) that will provide flexible and secure LNG regasification capacity for Germany…
There will likely be normal levels of tropical storm activity over the next two weeks as the Atlantic Ocean hurricane season hits its peak, forecasters at Colorado State University said on Thursday.An upper-level trough in the atmosphere is…
Japanese oil and gas company Inpex has transferred its entire stakes in two U.S. Gulf of Mexico offshore oilfields to project partners.The company has transferred its 10.1% stake in the Lucius Field located in the US Gulf of Mexico’s Keathley Canyon blocks 874…
Modern American Recycling Services Europe (M.A.R.S.) said Friday that Equinor's Veslefrikk B platform had arrived in the Port of Frederikshavn, where it will be recycled.The Veslefrikk B arrived at the M.A.R.S quayside on Wednesday, August 31…
Oil discoveries by TotalEnergies and Shell off the coast of Namibia could start production in four years, Namibia Energy Minister Tom Alweendo said at a conference in Dakar on Thursday.Alweendo said Namibia had agreed with the companies that they should start production as fast as possible…
Mauritania hopes to agree a business plan for BP's BirAllah offshore gas field in two to three years' time, Energy Minister Abdessalam Ould Mohamed Saleh said at a conference in Dakar on Thursday. Speaking earlier at the same conference, BP…
Offshore installation and decommissioning contractor Allseas has secured a contract with TAQA UK for the removal and disposal ofseveral Northern North Sea (NNS) facilities.Aberdeen-based TAQA manages the UK North Sea exploration and production…
The second phase of Senegal's Greater Tortue Ahmeyim (GTA) gas project will need investments worth around $5 billion and could start in 2024 or 2025, Senegal's President Macky Sall said on Thursday.BP and U.S.-listed Kosmos Energy KOS.N are leading the development of GTA and Yakaar-Teranga…