Offshore wind farm developer Ørsted has appointed Patricia DiOrio as its new head of project development in the U.S.Ørsted said Thursday that DiOrio would be based in Boston, and lead the company’s North American Offshore Project Development team…
World oil demand will plateau in the late 2030s and could by then have begun to decline, OPEC said on Thursday, in a major shift for the producer group that reflects the lasting impact of the coronavirus crisis on the economy and consumer habits…
Denmark's government urged political parties to discuss the future of oil and gas extraction in the North Sea after Total withdrew from the latest licensing round, the Ministry of Climate, Energy, and Utilities said on Thursday.'Total, which is the North Sea's largest operator…
Danish offshore wind turbine transportation and installation company Swire Blue Ocean (SBO) is getting ready for listing on the Oslo Stock Exchange, to position the company for the next phase of its growth.Also, Swire Blue Ocean, as a subsidiary of Swire Pacific Offshore…
A strike by oil workers in Norway could cut output from western Europe's biggest oil producer by almost a quarter, operators have warned, though the striking union said a resolution remained possible.Widening strike action raised the prospect…
UK-based well integrity and production optimization firm Coretrax said its ReLineWL expandable straddle has recently enabled a Gulf of Mexico operator to troubleshoot an inoperable safety valve, passing through a restriction that conventional straddles could not pass through…
Oil and gas company Neptune Energy is increasing its stake in an offshore license in Norway which contains the Dugong oil discovery, dubbed Norway's largest oil find so far this year. The company hopes to submit the field development plan in 2022…
Oil prices rose on Thursday as oil workers evacuated rigs in the U.S. Gulf of Mexico ahead of Hurricane Delta, though fuel demand concerns persisted on fading chances for a U.S. economic stimulus deal and after a build in U.S. crude inventories…
Chevron’s market value leapfrogged that of Exxon Mobil for the first time on Wednesday during a week in which it closed a $4.1 billion, all-stock deal for Noble Energy, a smaller oil and gas producer.Chevron’s market cap ended the day around $142 billion…
UK-based oil firm Bridge Petroleum has appointed well-engineering company Fraser Well Management (FWM) to operate the suspended appraisal well in the Galapagos field in the Northern North Sea.The Galapagos field is the former un-depleted North West Hutton Field which…
Russian oil company Lukoil has signed an agreement with the Kazakh oil firm KazMunayGas over the future obligations of the two companies on the Al-Farabi Project in the Kazakh Sector of the Caspian Sea.Al-Farabi license block is located in the Kazakh Sector of the Caspian Sea…
Italian oil and gas company Eni has received a carbon dioxide (CO2) appraisal and storage license (CS license) in an area located within the Liverpool Bay area of the East Irish Sea.Under the license awarded by the UK Oil and Gas Authority (OGA)…
Malaysia's Yinson said its floating production, storage and offloading unit (FPSO) Anna Nery sailed away from the Cosco Qidong shipyard in Jiangsu, China and has entered drydock at the Cosco Changxing shipyard in Shanghai, marking the next phase of the FPSO construction…
Norway's Johan Sverdrup oilfield, the North Sea's largest with an output capacity of up to 470,000 barrels of oil per day, will have to close down production unless a strike among workers ends by Oct. 14, operator Equinor said on Wednesday.Four…
Advanced design software supports growth of additive manufacturing applications in the oil and gas industryAdditive manufacturing (AM, aka 3D printing) is beginning to impact product-development strategies in the oil and gas industry just as…