Russian gas deliveries to Europe through the Nord Stream 1 pipeline across the Baltic Sea dipped slightly on Wednesday, while gas continued to flow eastwards from Germany into Poland along the Yamal-Europe pipeline.Flows to Germany through Nord Stream 1 stood at 65…
ING Groep NV will no longer finance new oil and gas projects, its energy chief said, one of the first major global banks to commit to such a step in the fight against climate change.The move by the Dutch financial services firm raises pressure…
BP, the British oil major with growing renewables ambitions, has partnered up with Marubeni, the major Japanese integrated trading and investment conglomerate, to explore 'a selected offshore wind development opportunity in Japan.'The companies…
Singapore's Sembcorp Marine said Wednesday it had won a contract for the construction of a Wind Turbine Installation Vessel (“WTIV”).The company did not say who the client was. It said that the WTIV design was based on Sembcorp Marine’s in-house design in collaboration with the customer…
Dutch FPSO leasing company SBM Offshore has divested a 45% stake in the under-construction FPSO Alexandre de Gusmão, bound to be deployed at Petrobras Mero field offshore Brazil'SBM Offshore is pleased to announce that it has entered into a…
Oilfield services provider Petrofac on Wednesday warned of fewer near-term deals but expects higher energy prices to boost contracts later in 2022 as annual profit halved on lower orders and higher costs.The company put behind a major overhang…
Malaysia's Petronas has signed Production Sharing Contracts (PSCs) for five offshore exploration blocks, namely SB412, 2W, and X located off the coast of Sabah, and SK439/SK440 situated off the coast of Sarawak. Block SB412 in Sabah was signed between Petronas…
Dutch offshore installation contractor Boskalis has won a contract for the Hollandse Kust West Beta wind farm export cable contract by TenneT, in consortium with Orient Cables (NBO). The contract scope comprises the installation of two 65-kilometer…
Australian oil and gas company Santos has made a 'significant' oil discovery at Pavo-1 exploration well, 46 kilometers east of the Dorado field in the Bedout Sub-basin, offshore Western Australia.According to Santos, the well was drilled on…
A Brazilian Senate committee on Tuesday approved an invitation to Petrobras Chief Executive Joaquim Silva e Luna to explain the state-run oil company's dividend policy, amid surging oil prices.The infrastructure committee also approved another request for a public hearing with oil industry experts…
Cornerstone investors Eni and CDP together with a pool of banks are ready to advance 1.5 billion euros of an overall 2 billion euro capital increase to rescue troubled Italian energy service group Saipem, two sources said on Tuesday.Energy group Eni owns 30…
U.S. oil producer Exxon Mobil Corp is drilling in a new area offshore of Brazil that could have as much as 1 billion barrels of oil and gas, its partner Murphy Oil said on Tuesday.If exploration is successful, it would be Exxon's first oil discovery in Brazil as an operator…
Norwegian offshore wind vessel operator Edda Wind last Saturday launched Commissioning Service Operation vessel (CSOV) C490 at Astilleros Gondan Shipyard in Spain. The vessel will serve the Dogger Bank offshore wind farm in the UK.The newbuild…
Offshore construction company Lamprell has signed a capacity reservation agreement for the construction of transition pieces for wind turbines to be deployed at the Moray West offshore wind farm in the UK.Ocean Winds is developing the Moray West project…
BP, through its BP Ventures, has made a £3 million equity investment in Flylogix – an unmanned aerial vehicle (UAV) business that uses drones to aid methane detection in the offshore oil and gas industry sector.The financial injection is part of a funding round led by Amati Global Investors…