Falkland Islands-focused oil and gas exploration company Argos Resources said Monday that the Falkland Islands government has extended the second term of the company's PL001 offshore license.The license, which would have expired on May 2, 2022…
German chemicals group reported preliminary first-quarter net income significantly below last year's level and analyst expectations on Monday, citing impairment charges for the abandoned Nord Stream 2 project.BASF said its quarterly net income slumped to 1…
SSE Renewables has, with its Scotwind lease sale partners Marubeni Corporation and Copenhagen Infrastructure Partners, signed the Option Agreement with Crown Estate Scotland.The Option Agreement signing follows the partnership's successful bid…
Hexicon, a Swedish twin floating wind turbine technology company, has set up a joint venture in Greece with the local company EAMAA.'This is a first step to start the development of floating offshore wind projects off the coast of Greece. A…
Brazilian oil company Petrobras has restarted the sale process of its stake in the Tartaruga field, located in shallow waters of the Sergipe-Alagoas Basin, State of Sergipe, Brazil.The oil firm had in August 2020 launched the binding phase for the sale of its entire stake in the Tartaruga field…
VAALCO Energy said Monday it had successfully drilled the Avouma 3H-ST development well that was drilled from the Avouma platform in the Etame field, offshore Gabon.The company drilled the Avouma 3H-ST development well with a lateral of 268…
European Union officials will hold talks in Vienna with OPEC representatives on Monday amid calls for the producer group to increase output and as the EU considers potential sanctions on Russian oil.OPEC has resisted calls by the United States…
Norwegian oil and gas company Equinor has started drilling the Cambozola exploration well offshore Norway, Longboat Energy, Equinor's partner has informed.Cambozola is the primary prospect located in the PL1049/PL1049B/PL1049C licenses in the Northern North Sea…
Aberdeen-based logistics and materials management firm ASCO has won a contract with offshore wind turbine maker Vestas to support the Seagreen offshore wind farm project, located 27 km off the coast of Angus.Under the contract, of an undisclosed value…
Shell Plc said on Monday it has resumed shipping liquefied natural gas (LNG) from its Prelude floating LNG facility off northwest Australia after a four-month shutdown due to a major power failure.A cargo completed loading and left the site on Sunday night…
Norwegian oil and gas company Aker BP has started production from the Hod B field in the North Sea, offshore Norway.Production start-up comes less than two years after the first steel was cut for the unmanned Hod B platform at Aker Solutions’ yard in Verdal…
Chinese oil giant CNOOC Ltd said on Monday it will raise 28.08 billion yuan ($4.41 billion) in a share listing in Shanghai, after setting the price for what will be mainland China's 11th-biggest public stock offering.Fundraising will be expanded to 32…
Danish offshore drilling contractor Maersk Drilling has won plug and abandonment contracts for its harsh environment jack-up rig Maersk Resolute in the Dutch sector in the North Sea.The contracts are for the plugging and abandonment of 31 wells…
Offshore accommodation rig provider Prosafe has won a bidding process for a four-year contract with Petrobras for the supply of a semi-submersible vessel for safety and maintenance support offshore Brazil. Prosafe, which plans to deploy the Safe Notos semi-submersible floated for the contract…
Austrian energy group OMV said on Friday it would take a 2-billion-euro ($2.17 billion) hit in the first quarter of this year from its business in Russia as it seeks to distance itself from the country after the invasion of Ukraine.Last month…