Brazilian national oil company Petrobras has struck a deal with 3R Offshore to sell it its interests in the producing Papa-Terra, located in the Campos Basin, offshore Brazil, for up to $105.6 million in total.3R Offshore, a company with a strategy to revitalize mature offshore fields…
Malaysia has appointed Mohd Bakke Salleh as the chairman of state energy firm Petroliam Nasional Berhad (Petronas), the prime minister's office said on Monday.The change comes as Petronas is recovering from a demand slump caused by the COVID-19 pandemic…
DNO ASA, a Norwegian oil and gas firm focused on the Middle East and the North Sea, has appointed a new Chief Operating Officer.The company said Monday Chris Spencer would be appointed COO, effective immediately. Spencer joined the Company in…
Norwegian company Aker Carbon Capture (ACC) said on Monday it would launch a service offering the removal of carbon dioxide (CO2) from industrial processes and its subsequent storage.The company, previously a division of oil services company Aker Solutions…
Predictive digital twin technology can reduce the steel weight and associated costs of offshore wind jacket foundations by up to 30 percent, a study has shown.Offshore energy industry consultants and digital twin tech provider Akselos and offshore…
Offshore installation firm Jan De Nul has signed a final contract for the transport and installation of 87 GE Haliade-X 14 MW offshore wind turbines for the third phase of the giant Dogger Bank wind farm that will be built in the North Sea off the coast of the UK…
Offshore drilling in Guyana, mainly by ExxonMobil, has in the past years unearthed more than 9 billion barrels of oil equivalent, making Guyana a place to be when it comes to deepwater exploration, and as of December 2019, production, with multiple FPSOs planned for deployment in the coming years…
Italian oil giant Eni is working to boost its renewable energy portfolio further after it last year entered the Dogger Bank, the world's largest offshore wind project, on its path towards delivering 60 GW of renewables installed capacity by 2050…
CGG, a France-based provider of seismic data for oil and gas exploration, said Monday its subsidiary Sercel has recorded the first major sale of its recently launched GPR300 seabed nodal solution.Sercel sold the nodes to BGP, a China-based international geophysical services provider…
Leading international energy companies are resisting the temptation to rush and spend an unexpected windfall from rallying oil and natural gas prices as they focus on longer-term energy transition challenges, executives and analysts said.Benchmark…
Australian oil and gas company Western Gas, the operator of the offshore Exploration Permit WA-519-P, said Friday it would drill the Sasanof-1 exploration well offshore Western Australia in Q1 2022, using a Valaris semi-submersible drilling rig…
DeepOcean, a provider of subsea services to the offshore energy industry, has agreed to invest and take a majority stake in ADEPTH Minerals, a company focused on sustainable exploration and extraction of marine minerals.ADEPTH was founded in Bergen…
Oil prices rose for a second day on Friday as the market reacted to falling U.S. inventories.Signs of strong Asian demand from both China and India also strengthened the market.Brent crude oil futures were up $1.49, or 2%, at $75.60 a barrel by 1:12 p…
Dutch offshore installation firm Heerema Marine Contractors has installed an offshore jacket as part of Aker BP's HOD B development in the Norwegian part of the North Sea, using its giant Sleipnir semi-submersible installation vessel.'The Hod…
Industrial IoT as-a-service company Hiber said Thursday it was partnering with oil and gas services firm WTS Energy, to roll out its well integrity monitoring solution globally. 'As part of a strategic joint venture with WTS Energy, Hiber has developed HiberHilo…