EU sanctions on Russia’s petroleum exports and easing lockdowns in China have encouraged portfolio investors to become more bullish on oil prices despite the steadily darkening outlook for the major economies.Hedge funds and other money managers…
U.S. President Joe Biden on Friday accused the U.S. oil industry, and Exxon Mobil Corp in particular, of capitalizing on a supply shortage to fatten profits after a report showed inflation surging to a new 40-year record.U.S. consumer inflation…
A first-of-its-kind crew transfer vessel (CTV) has been launched by U.K. shipbuilder Diverse Marine for offshore crew transfer specialist Seacat Services.The multihull newbuild, Seacat Columbia, is the first BARTech30 CTV designed by BAR Technologies in partnership with Chartwell Marine…
Qatari national oil and gas company QatarEnergy has selected France's TotalEnergies as its first international partner in the North Field East (NFE) expansion project, dubbed 'the single largest project in the history of the LNG industry.'The…
Norwegian oil firms and employees have agreed in principle a new wage deal, avoiding for now a strike at nine fields that could have hit the country's petroleum output, employers and unions said on Sunday.Two of the three unions that negotiated…
Oil and gas company Empyrean Energy, which recently suffered a disappointment when its closely watched 'world-class' Jade offshore well in China came up dry, said Friday it had decided to give it another go and drill the Topaz well, located in the same Block 29/11…
PSG Marine & Logistics Ltd and Sarens have recently formed a joint venture offering services to the offshore wind and renewables sector across Scotland.Sarens specializes in crane rental services, heavy lifting, and engineered transport. PSG Marine & Logistics Ltd…
India is looking to hold bid rounds for 12 GW of offshore wind in the next three years, the Government's Press Information Bureau said Thursday.This year, the Ministry of New & Renewable Energy will issue the first bid in the next three-four…
Norway's petroleum output could be reduced by unspecified amount if workers go on strike at nine offshore fields on Sunday, the Norwegian Oil and Gas Association (NOG) said on Friday.Some 845 workers out of roughly 7,500 employees on offshore…
A keel-laying ceremony was held earlier this week for Seaway 7’s new offshore wind turbine installation vessel Seaway Ventus.The ceremony was held on Monday, June 6, at the China Merchants Heavy Industry (CMHI) Haimen facility, Nantong.The GustoMSC…
Allseas giant Pioneering Spirit offshore construction ship is back in Stord, Norway, to deliver several decommissioned platform facilities removed from the Aker BP's Valhall field complex, located in the North Sea offshore Norway. The facilities will be recycled…
Mexican state oil company Petroleos Mexicanos released thousands of tons of methane gas into the atmosphere from an oil and gas platform in the Gulf of Mexico last December, research published on Thursday by the European Space Agency (ESA) showed…
The Brazilian government selected Gileno Gurjao Barreto on Thursday as its nominee to chair state-run oil giant Petrobras' board.The Mines and Energy Ministry also confirmed Caio Mario Paes de Andrade as its nominee to be Petrobras' chief executive…
Ecuadorean state-run oil company Petroecuador on Thursday announced two auctions, hoping to attract private company bids for a flagship offshore natural gas field and a contract to modernize the Esmeraldas refinery.Petroecuador is seeking a…
Offshore oil and gas drilling company Vantage Drilling International has entered into a drilling services contract with the oil major TotalEnergies in respect of its ultra-deepwater drillship, the Tungsten Explorer. The contract is for a minimum…