UK's union Unite said that 1200 offshore workers would resume 48-hour strike action starting Wednesday, in a dispute over jobs, pay and conditions in the offshore sector.The union said that the strike action would hit oil and gas operators including Apache…
Japan's Inpex posted a 61% surge in first-quarter net profit to 151.5 billion yen ($1.12 billion) as higher oil and gas sales coupled with a weaker yen boosted financials, it said on Wednesday, falling slightly short of the market expectations…
Guyana's environmental regulator on Tuesday appealed a court decision that last week declared that the agency and Exxon Mobil unit breached oil-spill insurance obligations for the company's first offshore project in the country.Guyana's High…
Environmental groups Greenpeace and ReCommon said on Tuesday they had launched a lawsuit against Italian energy group Eni for contributing to climate change with its fossil fuel businesses.Greenpeace said it had served notices about the lawsuit…
The Baltic Offshore Wind Forum was held in Berlin, Germany on May 9 as part of a bid to advance sustainable energy and energy security in the Baltic Sea region.Foreign Ministers and high-level representatives of Member States of the Council of the Baltic Sea States (CBSS)…
Dutch offshore equipment supplier SMST has been awarded a contract by Damen Shipyards to deliver two sets of mission equipment for the two newbuild Elevation Series CSOVs for Windcat Offshore. SMST will deliver a gangway combined with access…
The UK wants to become a 'world leader in carbon capture and storage,' and the government on Tuesday said it would facilitate the creation of a 'treasure map' which will quantify for investors how much carbon capture and storage could be possible under the country's seabed…
Delhi High Court has upheld the ruling of an arbitration panel favoring Reliance Industries and its foreign partners in a dispute over gas migration from fields operated by state-owned Oil and Natural Gas Corp Ltd, a court order shows. The oil…
Brazilian oil company Petro Rio said Tuesday it had found evidence of oil in the Maracanã prospect (3-PRIO-1-RJS well), which is located 6km southwest of Valente FPSO (ex-Frade FPSO).The primary target (Eocene sandstone), presented a column of 36 meters of oil…
Norwegian shipbuilder Vard, part of Italy's Fincantieri, has signed new contracts to design and construct two commissioning service operation vessels (CSOVs) for the UK-based offshore vessel owner North Star.The agreement also has an option for two additional ships…
Oil producer Enquest said on Tuesday it signed an agreement with Petronas to produce additional gas from the Seligi field in Malaysia through existing infrastructure until the end of 2025. The deal is expected to increase EnQuest's gas production by around 25 million standard cubic feet per day…
Australia will change its Petroleum Resource Rent Tax (PRRT) to increase the tax paid by the offshore LNG industry, moves that should increase revenue by A$2.4 billion ($1.6 billion) over the next four fiscal years, Treasurer Jim Chalmers said on Saturday…
Equinor, Repsol Sinopec Brasil, and Petrobras have taken the investment decision to develop the BM-C-33 project in Brazil. The investment is approximately USD 9 billion.Located in the Campos Basin, BM-C-33 comprises three different pre-salt discoveries – Pão de Açúcar…
Petrobras will not do all of its shipbuilding work in Brazil, a top executive said, dashing industry hopes the state-controlled oil firm would review its awarding process to spur job creation. Steel groups, shipping unions and 14 other organizations…
- Warren Buffett said on Saturday that Berkshire Hathaway Inc is not planning to acquire Occidental Petroleum Corp but remains happy with its large investment in the oil company. Speaking at Berkshire's annual shareholder meeting, Buffett rejected…