Yinson Production has entered into a definitive agreement with a consortium of global investment firms to raise pre-IPO growth capital of $1 billion to support further growth.The $1 billion pre-IPO consists of redeemable convertible preferred shares and 10% warrants…
Aker BP and its partner Concedo have drilled a dry well near the Bøyla field in the North Sea.The well, 24/12-8 S or ‘Rumpetroll South’, is a follow-up to the discovery made in well 24/9-13 – ‘Rumpetroll’, in 2019.Both wells are located in production license 869…
Five of Canada’s largest energy-focused industry associations have formed a joint working group to support the push against the threat of a 25% tariff on all Canadian goods from the incoming U.S. President, Donald Trump.The Canadian Association of Petroleum Producers (CAPP)…
President-elect Donald Trump has promised to maximize U.S. oil and natural gas production - already at record highs - in part by clearing away what he deems as unnecessary regulation and bureaucracy.Here are some of the energy-related executive…
Galp has appointed two members of its board as interim Chief Executive Officers (CEOs) following the resignation of Filipe Silva.Galp’s Board of Directors unanimously appointed its board members Maria João Carioca (CFO) and João Diogo Marques…
Russia said on Monday it had downed nine Ukrainian drones that tried to attack part of the infrastructure of the TurkStream gas pipeline, through which Russian gas flows to Turkey and Europe.The Russian defence ministry said the attack was aimed…
ST Engineering has signed a shipbuilding contract for the design and construction of a Walk-to-Work (W2W) vessel for an unnamed oil and gas company.The contracts marks ST Engineering’s expansion into the market for specialized vessels supporting offshore operations…
BP said on Friday it had suspended the work of its Shah Deniz Alfa (SDA) platform after detecting a technical issue at the subsea gas condensate export line between the platform and the Sangachal terminal.'All people on the platform are safe and there is no environmental impact…
A court in Kazakhstan has fined the operator of the giant Kashagan oilfield 3.5 billion tenge ($6.64 million) for environmental violations, such as excessive gas flaring, local media reported.The group, which includes Shell, Eni, TotalEnergies and Exxon Mobil…
PC North Madura II, a subsidiary of Malaysia’s state-owned oil firm Petronas, has reached the Final Investment Decision (FID) for the development of the Hidayah field, located offshore Indonesia.The development plan encompasses the drilling of oil production wells…
U.K. oil and gas company Tower Resources has signed two farm-out agreements with Prime Global Energies for minority, non-operated interests in its Thali license, offshore Cameroon, and PEL96 offshore Namibia.Through its wholly-owned subsidiary…
Oil and gas major Shell has started the production at its deepwater Whale floating production facility in the Gulf of Mexico.The Whale production facility is in the Alaminos Canyon Block 773 and is adjacent to the Shell-operated Silvertip field…
Subsea 7 has secured contract by Equinor for a front-end engineering and design (FEED) study with engineering, procurement, construction and installation (EPCI) option for the Fram Sør development project, offshore Norway.The study will finalize…
Offshore accommodation rig provider Prosafe has signed a contract extension with Petrobras for the provision of the Safe Zephyrus semi-submersible vessel for safety and maintenance support offshore Brazil.The original 650-day firm period was due to complete in February 2025…
The North Sea Transition Authority (NSTA) has imposed a penalty of $154,000 on CNOOC Petroleum Europe for venting without consent at its Buzzard field, 60 miles north-east of Aberdeen, on two separate occasions in a two-week period.On May 31…