Cornerstone investors Eni and CDP together with a pool of banks are ready to advance 1.5 billion euros of an overall 2 billion euro capital increase to rescue troubled Italian energy service group Saipem, two sources said on Tuesday.Energy group Eni owns 30…
U.S. oil producer Exxon Mobil Corp is drilling in a new area offshore of Brazil that could have as much as 1 billion barrels of oil and gas, its partner Murphy Oil said on Tuesday.If exploration is successful, it would be Exxon's first oil discovery in Brazil as an operator…
A consortium formed between GE Renewable Energy’s Grid Solutions and New York-based BOND Civil & Utility Construction said Tuesday it had secured a contract from Empire Offshore Wind JV to supply an onshore substation for Empire Wind 1, one of New York’s first offshore wind farm projects…
The Metals Company (TMC), a company extracting battery metals from seafloor polymetallic nodules, said it had together with its strategic partner and shareholder, Allseas, successfully completed deployment and wet-test commissioning of their pilot robotic nodule collector vehicle…
The UK's overall pipeline of offshore wind projects now stands at 86GW, more than eight times the country's current operating capacity, according to a new report from RenewableUK.The UK offshore wind project pipeline includes projects which are fully operational…
Flaring by the energy sector in Mexico hit record levels last year while the number of sites where gas is burnt off also rose despite government pledges to reduce such activity, research by a leading team of scientists showed.The practice releases carbon dioxide…
U.S. offshore energy industry equipment maker Dril-Quip has appointed Carri Lockhart to its Board. She most recently served as Equinor's Executive Vice President for Technology, Digital & Innovation (TDI), with responsibility for enabling Equinor’s energy transition…
Norwegian oil and gas company Equinor has exercised an option for further work for Odfjell Drilling's Deepsea Stavanger semi-submersible drilling rig.The further work was awarded under the continued optionality mechanism provided for in the contract entered into by the two companies in May 2021…
Norway-based offshore vessel owner Integrated Wind Solutions (“IWS”) has ordered two Walk-to-Work Commissioning Service Operations Vessels (“CSOV”). The vessels are scheduled for delivery in H1 2024 from China Merchants Industry, Hong Kong. Currently…
Aker Solutions has completed years-long work to upgrade the drilling and production platform Njord A for client Equinor.'Towing it back to the field has started today, March 22. The project has provided more than 6,000 man-years in Norway and…
Rights group Sherpa has called on French prosecutors to open an investigation into alleged corruption related to the activities of Dutch oil and gas services firm SBM Offshore, it said in a statement on Monday.Sherpa said it had filed a request…
Russian Deputy Prime Minister Alexander Novak said on Monday oil prices could reach $300 a barrel if Russian crude was shunned by the West but he said such a scenario was unlikely, TASS news agency reported.Trading sources have said some buyers…
Pressure mounted on TotalEnergies over its ties to Russia as activists spray-painted its headquarters west of Paris on Monday and France's green presidential candidate accused the company and its boss of complicity with the Kremlin.TotalEnergies…
The Petroleum Safety Authority Norway (PSA) has granted Aker BP its approval to use the Hod B platform in the Norwegian part of the North Sea.Hod B is a normally unmanned installation (NUI), installed in August last year at the Hod field, offshore Norway…
UAE-based oil and gas company Mubadala Petroleum has announced first gas production from the Pegaga gas field in Block SK 320, offshore Malaysia.Mubadala Petroleum is the Operator of Block SK 320 containing the Pegaga field, with a 55 percent interest…