Brazilian state-run oil firm Petroleo Brasileiro SA reported its first annual profit in five years on Wednesday as it swung to a net profit in the fourth quarter, although one-time provisions and writedowns led it to miss estimates.In a securities filing…
U.S. oil and gas major Exxon Mobil Corp said on Thursday it had found natural gas offshore Cyprus, a region already known for some of the world's largest such discoveries.The east Mediterranean island is located in the Levant basin, where both…
DNV GL announced Thursday that it has opened a new facility in Houston to provide failure analyses that support the industry in conducting effective and efficient root cause analyses.The facility will carry out the initial steps of a failure investigation…
Italy's Eni has teamed up with private equity firm HitecVision to bid against Chrysaor for ConocoPhillips' North Sea oil and gas assets, sources close to the process said.Conoco relaunched the sale process in recent weeks after energy and chemicals firm Ineos…
For the joint partners in the Mozambique Area 1 project, 2019 started off on a high note with the signing of five new gas sale and purchase agreements that pushes closer to realization Mozambique's first onshore LNG facility on which the development…
Mexican state oil company Pemex reported a loss of 125.5 billion pesos ($6.4 billion) for the fourth quarter on Wednesday, narrowing its loss from the same period in 2017, as the firm's finances face renewed scrutiny following a credit downgrade last month…
Subsea 7 S.A. announced Wednesday it has been awarded a contract by BP Exploration for the provision of subsea construction, inspection, repair and maintenance services covering BP’s North Sea region portfolio of assets West of Shetland and Northern North Sea…
Abu Dhabi’s Mubadala Petroleum said it has signed the production-sharing contract (PSC) with its partner PTTEP Energy Development Co. for an offshore block containing the Erawan producing gas field in Thailand.The current block G1/61 concession will expire in April 2022…
The first wind turbines in the 370MW Norther offshore wind farm, he largest offshore wind farm in Belgium, has delivered first power to the Belgian grid.Construction on Norther is still in full swing. But four of the turbines that are already finished were connected to the power grid today…
Exxon Mobil Corp has resumed seismic exploration for oil and gas off of the coast of Guyana after halting work in December due to a run-in with the Venezuelan navy, a Guyanese government official said on Tuesday.Vessels have been able to travel unimpeded since the incident…
Golar LNG Limited announced Tuesday that its newly incorporated subsidiary Gimi MS Corporation has entered into a 20-year Lease and Operate Agreement (LOA) with BP for the charter of a floating liquefied natural gas (FLNG) unit, Gimi, to service…
Cabled subsea instrumentation will help increase the accuracy of time-lapse seismic data for Norwegian energy firm Equinor at the giant Johan Sverdrup oil field in the North Sea, about 87 miles west of Stavanger, Norway.From first production at the development…
The European Commission said on Monday it had authorized French subsidies to four offshore wind farm projects which are aimed at testing a new way of producing electricity from wind.The EU competition regulator said in a statement that the state…
Wind energy provided 14% of the European Union’s electricity last year, according to figures published by the region’s wind energy trade body, WindEurope, with 11.7 gigawatts (GW) of new capacity added, including 2.65 GW of offshore wind. Continued…
Headcounts in the upstream oil and gas industry have dropped significantly since the downturn started in 2014, but NES Global Talent sees promise of recovery ahead.“We have seen a number of projects which have been in the pipeline for quite…