Norwegian oil and gas company Aker BP has started production from the second phase of the Ærfugl field development in the Norwegian Sea. Karl Johnny Hersvik, Aker BP CEO said: 'Aker BP’s goal is to produce oil and gas with as low cost and emissions…
Guyana plans to auction new blocks for offshore oil exploration by the third quarter of 2022, Vice President Bharrat Jagdeo said late on Monday.A consortium led by Exxon Mobil is responsible for all output in Guyana, Latin America's new oil frontier…
Thai-based offshore services company Mermaid Subsea Services has signed a letter of intent with the offshore construction vessel Resiliant from Resiliant Offshore, a subsidiary of Swiber.The vessel - previously known as Swiber Conquest - is a pipelay and accommodation work barge…
Russia's Gazprom declined to book extra capacity to ship more gas to Europe at auctions on Tuesday, a step that would have helped ease prices in a market haunted by worries about Moscow's intentions.The Kremlin said Russia remains committed…
ConocoPhillips reported a third-quarter profit on Tuesday, compared with a year-ago loss, thanks to a rebound in crude prices to pre-pandemic levels.Oil prices have climbed nearly 63% since the beginning of the year, driven by a rise in global demand and on supply bottlenecks…
Indonesian state-owned oil and gas company PT Pertamina and American energy giant Exxon Mobil Corp signed an agreement on Tuesday to look at ways to use carbon capture storage (CCS) in the Southeast Asian country.A memorandum of understanding…
BP added more than a billion dollars to its share buyback program on Tuesday as it likened itself to a 'cash machine' benefiting from higher oil and gas prices and a strong trading performance in the third quarter.Natural gas and power prices…
Matt Kay, the Managing Director and Chief Executive Officer of the Australian oil and gas company Beach Energy, has tendered his resignation and is departing Beach to pursue other professional opportunities. Morné Engelbrecht – who is currently…
Oil and gas company Neptune Energy on Tuesday said it had completed a first-of-its-kind collaboration with Environmental Defense Fund (EDF) to measure methane emissions on a working UK offshore platform using advanced drone technologies. Methane…
Belgium-based offshore installation company Deme Offshore has in partnership with Japan's Penta-Ocean Construction formed a new joint venture company specializing in offshore wind installation called Japan Offshore Marine.'Through [Japan Offshore Marine]…
Norwegian offshore vessels owner Island Offshore said one of its ships is the first offshore vessel on the Norwegian shelf running on biofuel.This pilot program, run by Lundin Energy Norway on board Island Offshore's platform supply vessel (PSV) Island Crusader…
U.S. offshore wind developer Vineyard Wind has partnered up with the Danish offshore services firm Semco Maritime to create a service and maintenance hub in New Bedford, Massachusetts, and hire up to 40 people 'in the coming years.' Semco Maritime…
Grandweld shipyard has won a contract with offshore support vessel firm Stanford Marine to build two 42-meter GrandSuperior crew boats with the keel-laying ceremony recently completed. These are Grandweld’s 11th and 12th vessels built for Stanford Marine…
Offshore construction and installation firm McDermott has said it has recently completed its first delivery of two bridges and a flare for TotalEnergies' Tyra redevelopment project offshore Denmark.The work package for the Tyra Redevelopment is executed from McDermott's fabrication yard in Batam…
Russia's flagship Urals oil grade is facing growing competition in its European heartlands amid rising supplies of Norway's Johan Sverdrup (JS Blend) crude and reduced opportunities for the Norwegian grade in Asian markets, traders said.Urals and JS Blend…