U.S. oil firm Hess has completed the sale of its interest in the U.S. Gulf of Mexico Shenzi deepwater oil field to BHP for $505 million.The deal, announced in October, sees BHP taking over Hess' 28 percent stake in the six-lease development in the U…
After a string of offshore oil discoveries in Suriname's Block 58 in the past year, U.S. oil firm Apache is lining up another exploration well and is set to award two rig deals for the 2021 drilling program.To remind, the company, with its partner Total…
Canada on Thursday announced one of its largest-ever investments in tidal energy — $28.5 million to Sustainable Marine in Nova Scotia to deliver Canada's first floating tidal energy array.Sustainable Marine has developed a floating tidal energy…
The start-up of the Total-operated Tyra Redevelopment Project in the Danish Sector of the North Sea is now expected in the second quarter of 2023, and not in 2022, Noreco, a partner in the project, said Friday.'Due to COVID-19, local governmental…
Spanish wind energy group Iberdrola's plans to spend around $88 billion on renewable power by 2025 eclipse Europe's top oil companies' combined planned investments in low-carbon over the same period.Royal Dutch Shell, BP, Total, Norway's Equinor…
In what has been described as a 'world's first' a spider-like robot recently achieved its first blade walk an offshore wind turbine in the UK, opening door to significant offshore inspection cost cuts.Developed by BladeBUG, with support of the Offshore Renewable Energy (ORE) Catapult…
ADM Energy, an AIM-listed oil and gas investing company with interest in the Aje oil field offshore Nigeria, has appointed Lionel Therond as its Chief Financial Officer.West Africa-focused ADM said this week that Therond had 35 years' experience in the oil & gas sector and investment banking…
Australian oil and gas company Santos has executed documentation to enter into a new US$750 million syndicated bank loan, to refinance existing debt facility established for the acquisition of ConocoPhillips’ northern Australian and Timor-Leste assets…
The Scottish Government plans to increase offshore wind capacity to 11 gigawatts (GW) of energy installed by 2030 – which is, as the government has said, enough to power more than eight million homes.Currently, Scotland, with a population of around 5…
Crane specialist Palfinger will deliver two wire luffing lattice boom cranes to the largest FPSO vessel ever delivered to Brazil. The FPSO, to be delivered by Japan's Modec, will be deployed at Equinor's Bacalhau field (formerly Carcará), about…
Total is seeking to sell stakes in a number of Angolan oilfields, in what is seen as an early sign of an expected wave of divestments by big energy companies from the West African country, industry sources said.Total could raise around $300…
Rovco, a UK-based provider of ROV and hydrographic services has completed the first stage of its long-term contract awarded by CWind for its annual subsea balance of plant (BOP) and cable inspection works at East Anglia ONE offshore windfarm in the UK…
Privately-owned oil firm Impact Oil & Gas has signed a farm-out agreement with Shell for the 50% working interest and operatorship in the Transkei & Algoa exploration right, offshore South Africa.Transkei & Algoa blocks are located offshore eastern South Africa and cover approximately 45…
British oil major BP is close to selling its central London headquarters for about 250 million pounds [around $324,4 million] as the coronavirus pandemic has forced the company to cut costs, the Financial Times reported on Tuesday.The office…
Australian oil and gas company Santos gas signed a new gas sales agreement to supply natural gas to Western Australian energy solutions provider, Kleenheat.Kleenheat is part of Wesfarmers Chemical, Energy and Fertilisers (WesCEF), a group of businesses that will also utilize the gas…