Oil and natural gas are still projected to meet more than half of the world’s energy needs in 2050, or 54%, Exxon Mobil Corp said on Monday, with the world failing to keep global temperature increases below 2 degrees Celsius.The largest U.S…
Maersk Supply Service has announced that it will focus on scale and competitiveness in two core business areas: offshore wind and offshore support vessels.By focusing on fewer business areas and regions, the company says it will increase its presence in core markets…
Danish partners ESVAGT and Hvide Sande Shipyard are collaborating to create larger and stronger transfer boats, with room to transport more technicians and cargo for the offshore wind industry.Many years ago, ESVAGT introduced safe transfer…
Global oil major BP said the world must invest in the production of oil and gas to avoid sharp price spikes while accelerating the energy transition to combat greenhouse gas emissions.Global gas prices surged seven-fold last year as 3% of global…
Energy services firm Expro announced it has entered into a definitive agreement (subject to customary closing conditions and working capital adjustments) to acquire offshore services provider PRT Offshore.Total consideration to be paid at closing is approximately $106 million…
Peterson Energy Logistics announced it has been awarded a logistics contract from Harbour Energy to support its North Sea operations from Aberdeen.The five-year fixed-term contract includes an option to extend for a further five years, and the full scope of services includes quayside vessel loading…
Asia's top refiner, Sinopec Corp 0386.HK, is not interested in acquiring Shell's refinery or petrochemical plant in Singapore although it is keen on participating in a shale gas project in Saudi Arabia, the Chinese company's president said on Monday…
The U.S. Gulf Coast region, the nation's primary offshore source of oil and gas, has cheap electricity and lacks state mandates for renewable energy procurement, making it an unlikely place to expand one of the most expensive forms of clean energy…
Norwegian oil and gas company Equinor said on Monday it has acquired a 25% stake in Bayou Bend CCS LLC, a U.S. project to capture and store carbon dioxide (CO2) emissions along the Gulf Coast in southeast Texas.The acquisition adds to Equinor's…
Eni has started production of oil and gas from the Baleine Field, located in the waters offshore Côte d’Ivoire.The milestone comes less than two years after the discovery in September 2021 and less than a year and a half after final investment decision…
State-backed export credit agency Export Finance Norway (Eksfin) has provided loan guarantee financing to Spanish energy company Iberdrola, a transaction that supports Norwegian exporters’ participation in the East Anglia Three wind park project in the UK…
Danish offshore charging solutions company Stillstrom has signed an MoU with UK offshore support vessel operator North Star to accelerate the adoption of offshore charging and vessel electrification technologies for service operation vessels (SOVs) in the offshore wind sector…
As the pace of offshore wind installation accelerates globally, all eyes turn to tools and techniques that will enable efficient installation and lifecycle protection of offshore wind towers. Balmoral, with decades of experience protection offshore oil and gas infrastructure…
Sarawak Shell Berhad, a subsidiary of Shell plc, has announced that gas production has started at its Timi platform in Malaysia under the SK318 production sharing contract.Timi features Shell’s first wellhead platform in Malaysia that is powered by a solar and wind hybrid power system…
Singapore-based Seatrium Oil and Gas International has signed a Letter of Intent with Shell Offshore for construction work relating to Shell’s Sparta project in the Gulf of Mexico.Sparta is a deepwater development approximately 170 miles off the Louisiana coast…