ConocoPhillips reported a third-quarter profit on Tuesday, compared with a year-ago loss, thanks to a rebound in crude prices to pre-pandemic levels.Oil prices have climbed nearly 63% since the beginning of the year, driven by a rise in global demand and on supply bottlenecks…
Indonesian state-owned oil and gas company PT Pertamina and American energy giant Exxon Mobil Corp signed an agreement on Tuesday to look at ways to use carbon capture storage (CCS) in the Southeast Asian country.A memorandum of understanding…
Italian oil and gas company Eni is increasing its renewables investments and has now acquired a 20% stake in the 1.2GW Dogger Bank C offshore wind project in the UK, by acquiring a 10% stake from each Equinor and SSE.With the acquisition, Eni…
Nearly 90 countries have joined a U.S.- and EU-led effort to slash emissions of the potent greenhouse gas methane 30% by 2030 from 2020 levels, a pact aimed at tackling one of the main causes of climate change, a senior Biden administration official said…
BP added more than a billion dollars to its share buyback program on Tuesday as it likened itself to a 'cash machine' benefiting from higher oil and gas prices and a strong trading performance in the third quarter.Natural gas and power prices…
Matt Kay, the Managing Director and Chief Executive Officer of the Australian oil and gas company Beach Energy, has tendered his resignation and is departing Beach to pursue other professional opportunities. Morné Engelbrecht – who is currently…
Oil and gas company Neptune Energy on Tuesday said it had completed a first-of-its-kind collaboration with Environmental Defense Fund (EDF) to measure methane emissions on a working UK offshore platform using advanced drone technologies. Methane…
Belgium-based offshore installation company Deme Offshore has in partnership with Japan's Penta-Ocean Construction formed a new joint venture company specializing in offshore wind installation called Japan Offshore Marine.'Through [Japan Offshore Marine]…
Norway-based offshore vessel owner Simon Møkster Shipping has signed a collaboration agreement will Finland-based maritime engine and equipment maker Wärtsilä to carry out a feasibility study on utilizing ammonia as the main fuel in dual-fuel engines where LNG is the alternative fuel…
Norwegian offshore vessels owner Island Offshore said one of its ships is the first offshore vessel on the Norwegian shelf running on biofuel.This pilot program, run by Lundin Energy Norway on board Island Offshore's platform supply vessel (PSV) Island Crusader…
VesselsValue, a vessel valuation and data website, often cited by Offshore Engineer for data on offshore support vessels and rigs, is now covering Crew Transfer Vessels, too.According to data shared by VesselsValue with Offshore Engineer, the…
U.S. offshore wind developer Vineyard Wind has partnered up with the Danish offshore services firm Semco Maritime to create a service and maintenance hub in New Bedford, Massachusetts, and hire up to 40 people 'in the coming years.' Semco Maritime…
UK-based renewable energy giant SSE Renewables has closed the deal to form a new joint ownership company, SSE Pacifico, which will pursue the development of offshore wind projects in Japan. The deal includes the acquisition by SSE Renewables…
Philippe Kavafyan, the former CEO of offshore wind turbine manufacturer MHI Vestas Offshore Wind (now Vestas), has officially taken over as the CEO of the recently established Norwegian offshore wind developer Aker Offshore Wind.Kavafyan's appointment was announced back in May…
U.S.-based offshore vessel owner Jackson Offshore Operators has acquired the M/V STORM platform supply vessel.Once it has completed regulatory requirements, the M/V STORM will start a five-year contract with Shell in the U.S. Gulf of Mexico…