French energy company Total is seeking to sell its 25.7% stake in the Shearwater Elgin Area Line (SEAL) natural gas pipeline in the British North Sea, industry sources said.The sale could raise about $200 million, one of the sources said.Total…
Norwegian drilling contractor Odfjell Drilling has taken over platform drilling and maintenance operations at ConocoPhillips' Ekofisk Area in the North Sea, offshore Norway.The move follows a contract signed between the two parties in December…
OPEC and allies such as Russia meet on Wednesday to decide oil output policy from August amid broad market expectations the group will ease supply curbs as the global economy slowly recovers from the coronavirus pandemic.The Organization of the Petroleum Exporting Countries and allies…
Manor Renewable Energy (MRE), a renewable energy services firm based in Portland, England, is expanding to the north, with a new office in Glasgow, Scotland.'The decision to open a new office in Glasgow was prompted by the growing renewable energy market…
Australia's Woodside Petroleum Ltd reported a worse-than-feared 29% drop in quarterly revenue, hit by weak spot liquefied natural gas (LNG) prices, but said it still expected to book a net profit in the first half.The hit came due to the double…
Norwegian oil services firm Aker Solutions said on Wednesday the outlook has improved for the second half of the year with oil prices partly recovered from the lows in April and Norway offering tax incentives for the oil industry.Its full-year 2020 revenue…
Norwegian oil company OKEA has agreed to buy Equinor's stake in the Aurora gas discovery in the North Sea, offshore Norway for an undisclosed amount.OKEA will acquire Equinor’s 40% operated working interest in PL195 and PL195 B, which contain the Aurora discovery…
North Sea focused oil and gas producer Premier Oil said on Wednesday it expected to make cash this year based on current futures contract prices, upgrading its outlook after saying in May it expected to be cash flow neutral this year.It hedged…
Singapore's Keppel O&M has received orders from Japan's FPSO leasing company MODEC to deliver components for two FPSO units. The orders are worth S$73 million (USD52,5 million) in total.In Singapore, Keppel Shipyard will fabricate, complete…
Engineering and construction company McDermott International Ltd. has appointed Tareq Kawash as Senior Vice President for its Europe, Middle East and Africa (EMEA) region.Kawash was formerly the Senior Vice President for the Europe, Africa, Russia and Caspian (EARC) region…
Chinese coastguard and navy ships intruded into Malaysian waters in the disputed South China Sea 89 times between 2016 to 2019, and often remained in the area even after being turned away by the Malaysian navy, the government said in a report on Tuesday…
Brazil's Petrobras said production from four of its floating production, storage and offloading units (FPSO) in the Buzios field located in the Santos Basin, off the coast of Rio de Janeiro, combined to achieve a daily record output on Monday…
Poland laid out plans on Tuesday to merge four of its largest energy groups in a move the government hopes will create a player able to compete in international oil, gas and electricity markets.PKN Orlen, the country's largest refiner on Tuesday…
Global oil demand will soar by a record 7 million barrels per day (bpd) in 2021 as the global economy recovers from the coronavirus pandemic but will remain below 2019 levels, OPEC said in its monthly report.It was the first report in which OPEC assessed oil markets next year…
Finland-based marine engine and technology provider Wärtsilä has been tasked to equip the first Taiwan-built offshore wind installation vessel - the Green Jade - with 'a broad scope' of its solutions.The 216 meters long vessel will be built…