Brazilian President Jair Bolsonaro has tapped a well-known academic and energy consultant as the next head of state-run oil company Petrobras, effectively ending the tenure of current CEO Joaquim Silva e Luna less than a year after he was appointed…
CNOOC, China's top offshore oil and gas producer, plans to raise 35 billion yuan ($5.5 billion) via a public share sale in Shanghai next month to fund oil and gas excavation as Beijing prioritises energy security amid rising geopolitical risks…
UK-based company Sparrows Group, a provider of engineering and maintenance services for the energy industry, said Wednesday it had secured a three-year crane operations and maintenance services contract offshore Luanda, Angola.The agreement…
Australian oil and gas company Woodside said Wednesday that the processing of gas from the offshore Pluto fields in W. Australia had started ahead of schedule at the North West Shelf Project’s (NWS) Karratha Gas Plant (KGP). 'This accelerated…
Russian gas company Gazprom's GAZP.MM offices were raided by EU antitrust regulators, a person familiar with the matter said on Wednesday, as the EU watchdog ramped up its investigation into the company's gas supplies to Europe.EU antitrust…
Black Sea Oil & Gas (BSOG) will start extracting gas from its Romanian offshore project in the second quarter, later than planned, its chief executive said, warning that continued efforts to amend regulations for producers were undermining investment…
The British oil and gas regulator has extended by two years the license for the Cambo oilfield prospect in the North Sea which is owned by Shell and Siccar Point, Shell said on Wednesday.'The North Sea Transition Authority has awarded Siccar…
It is too soon for China's CNOOC to discuss fresh investment in Russia, though its 10% stake in a liquefied natural gas (LNG) project in the Russian Arctic is proceeding normally, Chairman Wang Dongjin said on Wednesday.Wang had been asked if…
China's CNOOC Ltd posted record annual net profit for 2021, with earnings nearly tripled from 2020, supported by rapidly rebounding oil and gas prices as global energy demand recovered from the pandemic.The state-controlled offshore oil and gas specialist posted a net profit of 70…
Shell has brought online its PowerNap project, a subsea development in the U.S. Gulf of Mexico with an expected production of 20,000 barrels of oil equivalent per day (boe/d). PowerNap is a tie-back to the Shell-operated Olympus tension leg platform (TLP) in the prolific Mars Corridor…
Qatari national oil and gas company, QatarEnergy, has agreed with ExxonMobil to acquire a working interest in an exploration block offshore Egypt.QatarEnergy will hold a 40% working interest in the contractor’s share in the North Marakia Offshore Block in the Mediterranean Sea…
Offshore wind installation company Cadeler said its 2021 revenue had tripled compared to 2020. The Danish firm also said it had returned to profitability.The revenue for 2021 totaled EUR 61 million, an increase of 212% against EUR 19.5 million in 2020…
Subsea services provider DOF Subsea said Tuesday it had won several new contracts in both the oil and gas and renewables sectors in the North Sea.The projects, to be delivered in 2022, total more than 185 vessel days excluding any optional work…
The European Union has launched its first ever challenge against Britain at the World Trade Organization over its former member's green subsidy scheme.The European Commission, which oversees trade policy for the EU's 27 members, said that criteria…
Price reporting agency Argus launched a new non-Russian diesel cargo assessment delivered into the Antwerp-Rotterdam-Amsterdam (ARA) port complex, the agency said.'The new price will represent fair market value of non-Russian diesel, providing…