U.S. President-elect Joe Biden is close to announcing a slate of Cabinet nominees who will be central to his administration’s sweeping plan to fight climate change, according to sources familiar with the matter.The picks include a diverse list of nominees to head the departments of Energy…
UK-based oil and gas company Premier Oil, which is set to merge with rival Chrysaor, said Wednesday that its CEO Tony Durrant had stepped down from the Board of Directors, and would step down as CEO at the end of the month.Richard Rose will be the Interim Chief Executive from January 1…
The European Commission on Tuesday proposed rules to restrict funding for natural gas projects and instead funnel cash into low-carbon technologies to meet climate goals.The EU's 'TEN-E' rules define which cross-border energy projects are eligible…
2020 has been dismal for upstream dealmakers across Asia Pacific. During a recent conversation with a senior banker in the region, I mentioned that deal activity was so poor this year that as of October, only a sliver over US$400 million and 117 million boe of 2P resources had transacted (vs US$5…
SJI, a Folsom, New Jersey-based energy services holding company has entered a partnership with offshore wind developer Atlantic Shores Offshore Wind to collaborate on a green hydrogen pilot program.The collaboration will research, monitor, and…
Norwegian oilfield services provider Aker Solutions has won a contract for the hook-up of the fifth platform on the Johan Sverdrup field, offshore Norway.According to Equinor, the operator of the field, at peak the contract will provide jobs for around 1…
The Netherlands and Denmark have signed an agreement of intent in which they agree to have power and energy network operators TenneT, Gasunie and Energinet carry out further research into a joint energy hub in the North Sea.Eric Wiebes, Dutch…
Norwegian energy company Equinor has appointed Ulrica Fearn as its chief financial officer (CFO) and executive vice president. Fearn's appointment will take effect on June 16, 2021. She will succeed acting CFO Svein Skeie, who will become senior vice president CFO Performance Management and Risk…
Cenovus Energy Inc's C$6.07 billion ($4.78 billion)deal to buy Husky Energy Inc was approved by the shareholders of the two companies on Tuesday, creating Canada's No. 3 oil and gas producer in a rapidly consolidating industry.Cenovus said 93%…
Oceaneering has been awarded a connector supply contract from TechnipFMC to provide 2-inch M5 Connectors and Chemical Throttle Valves (CTV) for Murphy Oil's Khaleesi/Mormont and Samurai tieback project in the U.S. Gulf of Mexico (GoM).Oceaneering…
Swiss-based digital twin technology has signed a three-year Enterprise Framework Agreement (EFA) with Shell for the use of its structural digital twin technology.'The EFA will see Akselos become one of the global energy company’s verified suppliers for structural integrity assessments…
The challenges of 2020 have made their mark on offshore rig values but have they reached the trough? Bassoe's Hans Hagelberg takes a deeper look.It may be the understatement of the decade, but the offshore rig market has had a pretty bad year…
CGG, PGS, and TGS, companies providing seismic data for oil and gas explorers, on Tuesday announced a strategic partnership to offer 'a shared ecosystem' providing direct access to their subsurface multi-client data libraries.'The independent…
The North Sea could be switched from a depleting oil and gas basin to a site for storing carbon dioxide under the seabed, Total CEO Patrick Pouyanne said on Tuesday.The French oil firm is one of the partners in the Northern Lights project, which…
RWE Renewables has signed a Power Purchase Agreement (PPA) with E.ON UK under which E.ON will offtake 100% of the electricity produced by the Humber Gateway offshore wind farm in the UK from 2022 until 2035. The contract directly follows on from the previous agreement to supply E…