Japan's biggest oil and gas explorer, Inpex Corp, lifted its full-year profit forecast by 14% to a record 400 billion yen ($2.7 billion) thanks to higher-than-expected oil and gas prices and the yen's plunge against the U.S. dollar. The company…
Offshore drilling company Diamond Offshore said Monday it had received a notification of award of a new drilling program with Petrobras in Brazil.The soon to be signed four-year contract is for the semi-submersible offshore drilling Ocean Courage…
Small island nations suffering the brunt of climate change want Big Oil to pay for mounting damage from ocean storms and sea-level rise, Antigua's prime minister told delegates at the COP27 climate summit in Egypt on Tuesday. The comments by…
India's Oil and Natural Gas Corp has applied to the new Russian operator of the Sakhalin-1 to retain its stake in the oil and gas project in the Far East, a person familiar with the development said. Russia has established a new entity, managed by a Rosneft subsidiary…
Norway's Equinor and Japan's Hitachi Energy have signed a deal to collaborate within electrification, renewable power generation and low-carbon initiatives globally.One of the first things the two companies will work on together is creating…
Indonesia awarded two oil and gas exploration blocks located off northern Sumatra, to Conrad Asia Energy on Tuesday, a senior energy ministry official said, the first awarded this year. The two blocks have total estimated resources of 2.2 billion barrels of oil (BBO) and 13…
Massachusetts utility regulators denied offshore wind power company Commonwealth Wind's motion to suspend its power purchase agreement with state electric utilities, raising questions about the future of Commonwealth's proposed offshore wind project…
October saw the first offshore construction activity for a commercial scale U.S. offshore wind farm. Two cable layers have commenced the laying of Vineyard Wind’s export cable. This important milestone was also accompanied by complaints around…
The United Arab Emirates will be a responsible supplier of oil and gas for as long as the world needs, its President Sheikh Mohammed bin Zayed al-Nahyan said on Monday at the start of two weeks of climate talks in Egypt.He added the Gulf nation…
Offshore Engineer's Gary Lewis was at ADIPEC in Abu Dhabi last week, where he interviewed Peter Harding, the founder and CEO of Kelvin, a collaborative control software company that says it helps its clients reduce their carbon emissions significantly…
Floating wind developer BlueFloat Energy has selected K2 Management as owner's engineer for the development of its first offshore floating wind project in Taiwan ahead of the upcoming round three market auction.With a planned capacity of 1 GW…
Brazilian oil company Enauta said Monday that production from its Atlanta offshore field in Brazil had been interrupted.'The initial assessment is that this is an operational problem on the surface. The current production of the field is 7,500 bbl/day…
Malaysia's Velesto Energy has secured a $135 million integrated rig, drilling, and completion services deal with Hess Corp. in Malaysia.The i-RDC is a concept in which integration of drilling rig services, equipment and in some cases procurement…
In late 2016, to avoid racking up fines for burning too much natural gas, Mexico's state oil company Pemex struck a deal with the regulator to invest over $3 billion to fix its flaring problem at its most productive set of oil fields.But five years on…
A planned initial public offering of North Sea oil and gas producer Ithaca Energy IPO is set to price at the lower end of the previously guided range, bookrunners on the deal said on Monday.The revised price guidance is for between 250 and 270 pence per share…