Mexican state oil company Petroleos Mexicanos (Pemex) and its union, the STPRM, agreed to a 4% pay raise and a 2.25% increase in benefits during 2022-2023 salary negotiations, Pemex said in a statement on Thursday.The agreement is the first made under union leader Ricardo Aldana…
With passage of the Inflation Reduction Act, which contains US$370 billion for climate and energy programs, policy experts are forecasting a big expansion in clean electricity generation. One source that’s poised for growth is offshore wind power…
Unions at Shell Plc's Prelude floating liquefied natural gas (FLNG) site off Australia have extended industrial action to Sept. 1 over a long-running pay dispute, the company said on Thursday. Shell shut down the 3.6-million-tonne-a-year site…
Dutch dredging and marine services firm Boskalis on Thursday slightly raised its 2022 profit outlook after a half-year earnings beat, as the West seeks to replace Russian gas with other energy sources.The group, which offers marine services…
Norway's oil and gas firms have raised their investment forecasts for 2022 and 2023 as they plan to explore more and develop new projects, a national statistics office (SSB) survey showed on Thursday.The country's biggest business sector now expects to invest 172…
Brazilian oil company Enauta has brought back online oil production from the Atlanta field, following a planned downtime.Enauta had said earlier this month that the gradual output resumption would take place by mid-August when a new water treatment…
Russia forecasts its average export gas price will more than double this year to $730 per 1,000 cubic meters before gradually falling until the end of 2025, as pipeline gas exports decrease, an economy ministry forecast seen by Reuters showed…
Uniper, the highest-profile corporate victim of Europe's energy crisis so far, reported a 12.3 billion euro loss ($12.5 billion) due to Russian gas supply cuts, saying it had become a 'pawn' in the energy standoff between the European Union and Moscow…
Oslo-listed marine seismic survey firm Magseis Fairfield has signed a contract with ExxonMobil for a large Ocean Bottom Node (OBN) project offshore Guyana, where ExxonMobil has so far discovered 11 billion barrels of oil.The project is expected…
Dorado, one of the largest ever oil discoveries in Australia’s North Western Shelf, is going to wait some more to produce first oil, as Carnarvon Energy, a partner in the Santos-operated project, said Wednesday that the final investment decision for the project would not be made in 2022…
Technip Energies, in consortium with Subsea 7 and Samkang M&T, has been selected by Corio Generation and TotalEnergies to perform a Front-End Engineering Design (FEED) for their Ulsan Gray Whale 3 Offshore Windfarm project, located offshore the East Coast of South Korea…
Hai Long Offshore Wind Project has awarded the EPC contract to a consortium consisting of Semco Maritime and PTSC M&C for the two offshore substations for the Hai Long 2 and Hai Long 3 wind farms offshore Taiwan. The consortium was named a Preferred Supplier back in October 2021…
Brazil's Petrobras said on Tuesday it has started the process of looking for bidders for a 40% stake in two exploration oil concessions in the Potiguar Basin's deepwaters.Petroleo Brasileiro, as the company is formally known, owns 100% of the…
Shell on Tuesday said it plans to shut for two weeks in September a key crude oil pipeline in Gulf of Mexico that supplies oil to Louisiana refineries.The Odyssey and Delta crude pipelines in September will be shut for planned maintenance early-to-mid September…
ODITC, a joint venture (JV) between Guyana’s Orinduik Development Incorporated, Windsor Technologies, and 3t EnerMech, has become the first organization in the country to be approved to deliver OPITO accredited training to oil and gas workers…