U.S.-based offshore support vessel owner Tidewater said Wednesday it had agreed to acquire Swire Pacific Offshore Holdings Limited (SPO), a subsidiary of Swire Pacific Limited for around $190 million. Tidewater said the transaction would create…
Norwegian oil company Pandion Energy agreed to buy ONE-Dyas Holdings B.V.'s Norwegian subsidiary ONE-Dyas Norge AS for an undisclosed fee. The deal includes a 10 percent share of the Nova offshore field in the North Sea field, and a total of 11 exploration licenses…
Russia said it could cut gas deliveries to Germany through the Nord Stream 1 pipeline amid rising tensions over the Ukraine crisis, disrupting a route that accounted for 60% of Russian gas supplies to Europe in the first two months of this year…
West Africa-focused Tullow Oil's chief executive TLW.L said on Wednesday its Jubilee offshore oilfield in Ghana could produce 100,000 barrels of oil equivalent per day (boe/d) and the TEN field 50,000 boe/d by 2025 under current spending plans…
Oilfield services company Schlumberger has this week launched a dedicated business aimed at tackling methane and routing flare emissions from oil and gas operations.The company said that the business, named Schlumberger End-to-end Emissions Solutions (SEES)…
Offshore survey company Ocean Floor Geophysics, in partnership with the Norwegian seismic player PGS, its largest shareholder, has signed a deal to acquire NCS SubSea, a company that provides ultra-high-resolution 3D seismic data to the oil & gas and new energy markets via its P-Cable system…
Norwegian companies Akastor and IKM, best known for their services in the offshore oil and gas space, are teaming up to create an operations and maintenance services firm for the offshore wind industry called Føn Energy Services.According to the two companies…
Nigeria's Seplat Energy is on track to buy Exxon Mobil's offshore shallow water business in the country for $1.28 billion, Seplat's chairman told Reuters on the sidelines of the CERAweek energy conference by S&P Global.The comments come amid…
The European Commission published plans on Tuesday to cut EU dependency on Russian gas by two-thirds this year and end its reliance on Russian supplies of the fuel 'well before 2030'.The European Union executive said it would switch to alternative…
Britain will step up its production of oil and gas after saying it will ban Russian oil imports at the end of the year, transport minister Grant Shapps said on Wednesday.'We're fortunate in the UK that we don't buy proportionately very much…
Colombian Energy Minister Diego Mesa launched the country's plans for offshore wind energy at the CERAWeek by S&P Global conference in Houston on Tuesday, while an agreement to develop the first wind project has been signed, the government said in a statement…
Schlumberger's current-quarter results are likely to be impacted by the ongoing Russia-Ukraine conflict, its chief executive officer said on Tuesday, as Moscow accounts for about 5% of the oilfield services company's global revenue.Crude prices…
Britain will phase out imports of Russian oil and oil products by the end of 2022, Prime Minister Boris Johnson said on Tuesday, joining other nations including the United States in reducing their energy dependency on Russia.In response to President Vladimir Putin's decision to invade of Ukraine…
U.S. President Joe Biden announced a ban on Russian oil and other energy imports on Tuesday in retaliation for the invasion of Ukraine, underscoring strong bipartisan support for a move that he acknowledged would drive up U.S. energy prices…
Construction of Seagreen, Scotland's largest fixed bottom offshore wind farm and the world's deepest of its kind, has reached another critical milestone with the installation of the 4,800-tonne offshore platform topside off the Angus coast.'The topside forms the backbone of the offshore wind farm…