BG International limited, an affiliate of Shell, has made a final investment decision (FID) to develop the Mina West gas discovery in Egypt’s Mediterranean Sea.Shell (60%) will operate the field alongside partner, Kufpec (Egypt) Limited (KUFPEC) (40%)…
Britain will increase the guaranteed price offered for offshore wind projects in this year’s renewables auction by 11%, government documents showed, amid rising costs for projects due to inflation and supply chain bottlenecks.The Labour government…
Italian energy group Eni said on Friday its second-quarter earnings fell 25% year-on-year as lower oil prices and a weaker dollar overshadowed a better-than-expected performance at its gas business.Adjusted net profit came in at 1.13 billion euros ($1…
The United States is preparing to grant new authorizations to key partners of Venezuela's state-run PDVSA, starting with Chevron, to allow them to operate with limitations in the sanctioned OPEC nation and swap oil, five sources close to the matter said on Thursday…
AquaTerra Group, an Aberdeenshire-based construction and maintenance firm, has been awarded two multi-year contracts with energy majors BP and Ithaca Energy to provide brownfield asset integrity services across North Sea installations.The contracts…
MENCK, a brand in marine energy and infrastructure services company Acteon, has secured a contract to supply advanced pile-driving equipment and operational services for the installation of the Hornsea 3 offshore wind farm.Acteon will supply its MENCK MHU4400S hydraulic hammer…
Exxon Mobil and Chevron's recent major acquisitions raise a provocative question: does the U.S. still need two energy titans, or might it be more efficient for the two to join forces?An $800 billion combination would certainly evoke memories of Standard Oil…
Carnarvon Energy has completed a major seismic reprocessing project across the Bedout Sub-basin, offshore Australia, in collaboration with its joint venture partners, delivering one of the most advanced seismic datasets in the region to date…
Energy services firm Subsea7 has secured a substantial contract for offshore installation services, worth up to $300 million.The project involves the engineering and offshore installation of flexible pipe, umbilicals, subsea equipment and a mooring system…
Great Lakes Dredge & Dock Corporation, the largest provider of dredging services in the United States, has launched the first U.S. flagged, Jones Act-compliant subsea rock installation (SRI) vessel, named Acadia, at Hanwha Philly Shipyard.The…
Energy services firms Saipem and Subsea7 have signed a binding merger agreement to create a leading energy services company under the name of Saipem7, which will have a combined backlog of over $50 billion.The binding merger agreement follows…
Europe's gas market could tighten further ahead of the winter season as storage levels remain well below last year and the continent faces competition from Asia for LNG shipments, the CEO of Norway's Equinor told Reuters on Wednesday.Europe's…
TotalEnergies reported a 23% fall in second-quarter earnings on Thursday, as expected, the French oil major's worst performance in four years, as higher upstream production failed to offset lower earnings caused by the recent plunge in oil and gas prices…
Trendsetter Engineering announced a contract award for the delivery of four 15K horizontal subsea tree systems, associated tooling and installation services to a major Gulf of America operator. This contract represents a significant milestone for Trendsetter…
Mellitah Oil and Gas will work with U.S. construction consulting firm Hill International to manage a project which aims to boost Libya's gas output, the country's National Oil Company (NOC) said in a statement on Wednesday.NOC said a cooperation agreement was signed during a visit by U…
