Oil prices running at their hottest level in 14 years are poised to cut post-COVID pandemic fuel demand as consumers react to surging pump and power prices by pulling back on spending and travel, top energy executives warned on Monday.Global…
The Net Zero Technology Centre, a UK-based organization previously known as Oil and Gas Technology Centre, has announced the launch of its 2022 Open Innovation Programme aimed at developing and deploying technologies that will reduce offshore emissions…
Oil major Shell said Tuesday it would withdraw from its involvement in all Russian hydrocarbons, including crude oil, petroleum products, gas, and liquefied natural gas (LNG). The news follows Shell’s decision last week that it intends to end…
Norwegian offshore vessel owner Havila Shipping has won vessel contracts with Nexans Norway and Peterson Den Helder. The company also secured work of one AHTS with an unnamed client.Nexans Norway has chartered Havila Shipping's subsea vessel Havila Phoenix…
Japanese industry minister Koichi Hagiuda said on Tuesday that the Sakhalin energy projects 'will effectively freeze' given the exit of Western stakeholders and that Japan would therefore wait to see how the situation plays out to make any decision…
Australia-based BHP has booked Aquadrill's Vela drillship for a drilling operation in the U.S. Gulf of Mexico.The rig, managed by Seadrill, is currently in the Gulf of Mexico, on a contract with Equinor until May. After the expiration of the contract…
Libya's state-owned National Oil Corp (NOC) announced on Monday that oil and gas major BP agreed to resume oil operations in the country, a statement published on the company's website said.The statement added the two companies discussed resuming…
Gulf Island Fabrication, Inc., a steel fabricator and service provider to the industrial and energy sectors, today announced that its Chairman of the Board of Directors, Michael A. Flick, will retire effective upon the expiration of his current…
Danish energy firm Ørsted said on Monday it was preparing for potential disruptions to its gas supplies from Russia's Gazprom, due to sanctions, and would give any profits from the contract to humanitarian aid in Ukraine.Ørsted, which is 50…
Seven oil and gas companies have submitted bids for nine blocks offered during the Timor-Leste Second Licensing Round period 2019/2022'The Minister of Petroleum and Mineral, Mr. Victor da Conceição Soares officially opened the Bid Submission…
Two experienced industry veterans Marc Gerrard and John Morgan have launched RenQuip Limited, a new Dyce, Aberdeen-based tool manufacturing and equipment rental company 'that will bridge the gap between the petroleum and renewables sectors.''RenQuip’s…
Motion-compensated gangway supplier Uptime International has secured two long-term walk-to-work contracts with the offshore vessel owner DOF Subsea.Uptime will be supporting DOF Subsea's on the vessel owner's recently awarded long-term contract for a Multi-Purpose Supply Vessel (MPSV)…
Exxon Mobil Corp filed a suit against the U.S. seeking a partial refund of $2.1 billion in taxes and penalties tied to a Middle East gas project in Qatar, according to a filing on Friday in U.S. district court in Dallas.Exxon and QatarEnergy…
BP, Shell, Exxon, Equinor flag Russia exitsTotalEnergies sticks with Russian natgas assetsLNG central to TotalEnergies' strategyFrance's TotalEnergies cuts a lonely figure hanging onto its Russian investments during a mass exodus of western oil majors from the country after its invasion of Ukraine…
Norwegian oil and gas company Equinor has awarded Subsea 7 a front-end engineering and design (FEED) study for the marine installations associated with the Krafla development project, offshore Norway.The awarded work is required to finalize…