Following a global contract procurement process, the Sunrise joint venture partners including Timor Gap, Woodside Energy and Osaka Gas Australia, have appointed Wood Australia on a Greater Sunrise concept study.The study will be led by Wood…
ExxonMobil Chief Executive Darren Woods received $36.9 million in total compensation for 2023, up nearly 3% from a year earlier, the oil major said in a regulatory filing on Thursday.And in proxy filing ahead of its May 29 annual meeting of shareholders…
The EU will investigate subsidies received by Chinese suppliers of wind turbines destined for Europe, in the bloc's latest move to shield domestic firms from cheap clean tech products.The European Commission will look into conditions for the development of wind parks in Spain…
Australian oil and gas company Beach Energy has set out plans to lay off 30% of workforce across its business as part of a comprehensive strategic review which aims to deliver increasing returns to shareholders and increase efficiency.The first…
Exxon Mobil CEO Darren Woods on Monday said his company is trying to establish it has rights over Hess Corp's Guyana assets in its dispute with Chevron, not buy the company itself.In his first public remarks on the company's pursuit of an arbitration…
Top oil executives took to the stage of a major energy conference on Monday to vocally oppose calls for a quick move away from fossil fuels, saying society would pay a steep cost to replace oil and gas.Big oil companies including BP and Equinor…
Australia's top oil and gas company Woodside Energy has awarded a contract to Subsea 7 for subsea installation services for the Trion development offshore Mexico.Subsea 7 described the contract as large, which means its value ranges between $300 million and $500 million…
Harland & Wolff Group has signed a five-year master services agreement for the fabrication of large structures with oil services company supplying subsea infrastructure for global oil and gas developments.Harland & Wolff has received its first…
The U.S. Department of Energy (DOE) and the National Oceanic and Atmospheric Administration (NOAA) have launched an 18-month initiative to gather extensive weather, ocean, and wildlife data near the sites of active offshore wind farms and lease areas off the coast of the Northeast United States…
Woodside’s Trion oil and gas project has received approval for its Social Impact Assessment from the Mexican Ministry for Energy.Trion is a greenfield development that would represent the first oil production from Mexico’s deepwater. It is located in the Gulf of Mexico at a water depth of 2…
U.K. engineering company Wood has secured a contract extension with Equinor to deliver maintenance and modification solutions to its Peregrino offshore assets in Brazil.The two-year extension, worth $80 million, builds on a long-term and global partnership with Equinor…
After 12 years as SBM Offshore CEO and Chair of the Management Board, Bruno Chabas has decided to step down on April 12, 2024. The Supervisory Board has decided to appoint Øivind Tangen, currently COO and member of the Management Board, as CEO and Chair of the Management Board from that date…
Asian liquefied natural gas (LNG) demand is projected to increase by 5% at 12 million tons (Mt) in 2024, following a 2% at 5 Mt growth in 2023, according to the most recent report by Wood Mackenzie.China, the world’s largest LNG import market…
Engineering company Wood has been awarded a major contract to deliver topside modifications in support of BP’s latest subsea tieback in the UK North Sea.Wood’s operations business will deliver engineering, procurement, construction and commissioning…
UK engineering company Wood has secured a contract from HD Hyundai Heavy Industries for detailed engineering of the topsides facilities on Woodside Energy's Trion floating production unit (FPU) in the Gulf of Mexico.When complete, Trion will have a production capacity of 100…
