Transborders Energy, an Australian company working to develop a 1.5 mpta FLNG solution for marginal field development, on Wednesday said it had signed a multi-party and multi-project FLNG Solution Agreement with multiple contractors, bringing the FLNG unit closer to reality…
UK-based Global Energy Group and Italy's Rosetti Marino have entered into a strategic partnership to execute large scale renewable energy and energy transition EPC and EPCI contracts in the UK.Under the agreement, which is for five years, a 2-year extension option…
President Joe Biden on Wednesday signed a new raft of executive actions to combat climate change, including pausing new oil and gas leases on federal land and cutting fossil fuel subsidies, as he pursues green policies he billed as a boon for job creation…
Swedish independent oil company Lundin Energy raised its output forecast on Thursday and reported stronger than expected fourth-quarter earnings as Norway's largest oilfield Johan Sverdrup ramped up production.Lundin expects to achieve carbon neutrality for operational CO2 emissions from 2025…
Oilfield services firm Petrofac has secured an 'enhanced' five-year contract with INEOS FPS, the operator of the key UK North Sea pipeline system - the Forties.Under the terms of the agreement, Petrofac will continue to supply personnel to the Unity Platform in the Central North Sea…
Three consortia including Asian shipyards are preparing to compete to build Brazil’s Petrobras’ first two in-house platforms in more than seven years, according to four people familiar with the tender who declined to be named as the information is private…
Neptune Energy has started drilling on the Seagull oil and gas development in the UK Central North Sea, the company said Thursday.Neptune is using the Gorilla VI (JU-248) jack-up rig, operated by Valaris. The company will drill four wells for…
Offshore wind developer Vattenfall has informed that the first wind turbine has been installed at its Kriegers Flak offshore wind farm in the Danish sector of the Baltic Sea.'On 27 January, the tower, nacelle, and blades were installed for the…
President Joe Biden was set on Wednesday to sign executive actions to combat climate change, including pausing new oil and gas leases on federal land and cutting fossil fuel subsidies as he pursues green policies in stark contrast to those of his predecessor Donald Trump…
Lenders took control of Polarcus' ships on Tuesday after the seismic surveyor defaulted on its bank loans and bonds, hit by a drop in spending by energy companies struggling with the COVID-19 pandemic and volatile oil prices.The company's Oslo…
Inpex Corp, Japan's biggest oil and gas producer, said on Wednesday it is targeting net-zero carbon emissions by 2050 through the expansion of renewable and hydrogen energy as well as the use of carbon capture technology.The move comes after…
President Joe Biden believes the Nord Stream 2 natural gas pipeline is a 'bad deal for Europe' and his administration will be reviewing restrictions on the project included in a bill that passed during the Trump administration, the White House said on Tuesday…
A study published Wednesday by the Belgian hydrogen import coalition – a collaboration between DEME, ENGIE, Exmar, Fluxys, Port of Antwerp, Port of Zeebrugge, and WaterstofNet – has found that importing green hydrogen from abroad is is both…
The Petroleum Safety Authority Norway has this week given its consent to oil firms Chrysaor and Aker BP to use the COSL Innovator and Maersk Integrator drilling rigs, respectively, for their drilling projects offshore Norway.Chrysaor, which is working to complete its merger with Premier Oil…
Papua New Guinea-focused Oil Search Ltd said on Wednesday it expects 2021 to be another challenging year and forecast lower annual output due to planned maintenance activity at the PNG liquefied natural gas (LNG) plant.The Australia-listed company said it expects annual production of between 25…