Mexico's state oil company Petroleos Mexicanos will see its crude output reduced by some 100,000 barrels per day (bpd) until the beginning of August after a massive fire on Friday at an offshore platform, a top company source said.The reduced production implies that…
Kazakhstan's state energy company KazMunayGas KMGZ.KZ said on Tuesday that exploration drilling showed no hydrocarbons at the offshore Caspian Sea project Zhenis where it has been jointly working with Russian oil producer Lukoil LKOH.MM.Interfax news agency said…
Alta Mar Energy, an upstream company focused on non-operated oil and gas investments in the U.S. Gulf of Mexico, on Tuesday announced the closing of an equity commitment from investment funds managed by Carnelian Energy Capital Management, L…
Global demand for all forms of energy is forecast to rise by 23% through 2045, OPEC Secretary General Haitham Al Ghais told a Nigerian oil and gas conference on Tuesday. Oil executives and officials from the Organization of the Petroleum Exporting…
Norwegian offshore oil and gas producing firm Vår Energi has acquired Feistein CCS – a company specializing in maturing large-scale, cost-efficient CO2 storage opportunities, in a push to accelerate decarbonisation efforts through carbon storage…
Offshore drilling firm Noble Corporation said Tuesday that Shell's Malaysian subsidiaries Sarawak Shell Berhad and Sabah Shell Petroleum Co Ltd (SSB/SSPC) had exercised three one-well options on the current Noble Viking drillship contract in Malaysia…
Norway's oil and gas industry safety watchdog Petroleum Safety Authority Norway (PSA) has concluded its investigation into a January 2023 incident at Equinor's onshore processing plant in Mongstad, where a worker fell from scaffolding from a height of 23…
Malaysian firm Velesto Drilling, a subsidiary of Velesto Energy, has secured a contract from the Thai-based oil firm PTTEP to provide a jack-up drilling rig for its offshore drilling program in Malaysia.In a statement on Tuesday, July 11, 2023…
Aker Carbon Capture announces the appointment of Egil Fagerland as its new Chief Executive Officer with effect from today, July 11, 2023. Fagerland will replace Valborg Lundegaard, who is stepping down to focus on her health and family. Fagerland…
In a first, Brazilian oil company Petrobras last week reportedly sold the P-32 FPSO for sustainable recycling in Brazil, paving the way for the development of the local ship recycling industry.The sale of the floating unit P-32 reportedly took place on July 7…
Africa Oil Corp. has entered an agreement to increase its operated working interest (“WI”) in Block 3B/4B, located in the Orange Basin offshore South Africa and, the company says, on trend with the Venus, Graff, La Rona and Jonker oil discoveries in the nearby Namibia…
Danish green investment company Copenhagen Infrastructure Partners (CIP) has raised 5.6 billion euros ($6.13 billion) for its latest fundand expects to meet its full 12 bln euro target amid undiminished global investor appetite, it said on Monday…
In the depths of the Pacific Ocean between Mexico and Hawaii, trillions of potato-shaped rocks are scattered across the seabed - containing minerals such as nickel, cobalt and manganese vital for new green technologies in the global energy transition…
German energy company RWE announced it has hired Amanda Lefton as Vice President of Offshore Development, U.S. East.Lefton was previously Director of the U.S. Department of the Interior’s Bureau of Ocean Energy Management (BOEM) during a period of sigificant growth for the U…
Norwegian oil and gas company DNO on Monday announced a significant gas and condensate discovery on the Carmen prospect, claiming it to be the largest discovery offshore Norway since 2013.Wellesley Petroleum the operator of the offshore license PL1148 in the North Sea…