Africa-focused Tullow Oil said on Wednesday it would stick to the current form of its plan all-share merger plan with Capricorn Energy CNE.L, shrugging off criticism from some Capricorn investors who say the deal undervalues the company.Capricorn's board supports the merger…
Brazilian oil company Prio will continue to assess the purchase of some assets from state-owned Petrobras even after a deal for its Albacora offshore oilfield fell through, Prio's finance chief told Reuters on Tuesday.Petrobras has in recent years sold off dozens of oil fields…
Mexico's oil regulator and state company Pemex are at odds over how to develop a deepwater natural gas project, eight people close to the matter said, threatening to stall a $1.5 billion energy venture.Officials at regulator National Hydrocarbons…
The U.S. Department of the Interior on Monday announced proposed revisions to the 2019 Well Control Rule, 'to ensure offshore oil and gas operations on the Outer Continental Shelf are conducted with the utmost safety and oversight standards…
Abu Dhabi National Oil Company (ADNOC) earlier this month announced a $548 million contract to build a new main gas line at its Lower Zakum field offshore of Abu Dhabi. ADNOC said the award would increase Lower Zakum field’s gas production capacity…
Jan De Nul has completed the installation of 80 sets of 6 MW wind turbine generators (WTG) at Saint-Nazaire, France's first commercial offshore wind farm.The company said Tuesday it had completed the project 'significantly ahead of schedule…
Chinese offshore oil company CNOOC Limited has started oil production from its Kenli 6-1 Oilfield 10-1 North Block Development Project, offshore China.The development project locates in the south of Bohai Sea, with an average water depth of about 19 meters…
Dutch marine contractor Van Oord has confirmed it has been selected as the preferred contractor for the construction of the Baltic Power offshore wind farm, 23 kilometers north of the Polish coastline. Van Oord will transport and install more than 70 foundations…
Oil and gas companies Equinor and ConocoPhillips have recently drilled dry wells in the North Sea, offshore Norway, targeting the Poseidon and Lamba prospects, respectively, according to the Norwegian Petroleum Directorate.Equinor, the operator of production licence 1104…
Norwegian marine seismic data acquisition and processing firm TGS on Tuesday announced the Capreolus Phase 2 3D seismic survey in the Carnarvon Basin on the Australian North West Shelf. This survey will be conducted near the Capreolus Phase…
FPSO-leasing specialist BW Offshore has secured a short-term contract extension for its Petroleo Nautipa FPSO.The contract will see production extended from September 20 to October 4, 2022, ahead of demobilization. The spread-moored FPSO has…
Fossil fuel firms may have to share their excess profits to help European households and industries cope with red-hot energy bills, a draft European Union plan showed on Monday as the cost of the West's 'energy war' with Russia took a growing toll…
Africa-focused Tullow Oil said on Monday it would exit Ireland's Euronext Dublin bourse on or around Oct. 10 to cut costs.'It is anticipated the delisting will simplify compliance and regulatory obligations of Tullow and is in line with an overall objective to reduce central costs and its purpose…
The Biden administration on Monday proposed offshore drilling safety measures that it said would help prevent oil spills and protect workers and the environment.The proposal aims to restore safety provisions put in place by the Obama administration…
A Boston federal judge barred General Electric Co on Wednesday from making and selling its Haliade-X wind turbines in the United States, after a jury found in June that the turbines infringed a patent owned by rival Siemens Gamesa Renewable Energy A/S…