British lawmakers approved a 25% windfall tax on oil and gas producers in the British North Sea on Monday, which the government says will raise 5 billion pounds ($5.95 billion) in one year to help people struggling with soaring energy bills…
Mexico's state-owned oil company Pemex plunged deeper into so-called junk status on Monday after a major credit rating agency downgraded its long-term debt by one notch.Moody's Investors Service cut Pemex's credit rating to B1 from Ba3, or four notches into the agency's speculative status…
UK North Sea-focused oil and gas company Serica Energy's Board in May and June rejected potential merger proposals from Kistos, an energy industry investment company established in England and Wales in October 2020. Per Kistos, Serica in July sent a counter-proposal…
Oil and gas firm Kistos has acquired a 20% stake in the Greater Laggan Area producing offshore gas fields in the UK and associated infrastructure alongside various interests in certain other exploration licenses, including a 25% interest in the Benriach prospect…
Shipbuilder Vard on Friday launched its first CSOV (Commissioning Service Operations Vessel) hull built by its yard Vard Braila in Romania.The vessel, which will be used to support offshore wind work, is being built for the Norwegian firm Rem Offshore…
Norwegian offshore vessel owners Solstad Offshore, Siem Offshore, and Standard Supply have all secured offshore vessel contracts in the past few days.Solstad Offshore on Monday said it had secured a contract for the platform supply vessel Normand Swan in Australia…
Waldorf Production and Shorelight Partners today announced the signing of a sale and purchase agreement for the acquisition of the entire share capital of Alpha Petroleum, an upstream oil and gas company focusing on the UK North Sea, by Waldorf…
Oil and gas company Harbour Energy has completed the drilling of the Timpan-1 exploration well located 150 kilometers offshore Indonesia, encountering 'a material gas accumulation.'The well, in a water depth of 4,245 feet (1293.8 meters). was drilled to a total vertical depth of 13…
Oil and gas company Neptune Energy has awarded a new contract to oilfield services firm TechnipFMC for the performance of technical services in Norway.Bulding on the existing technical service agreement, TechnipFMC will continue to provide a wide range of engineering…
The biggest single pipeline carrying Russian gas to Germany started annual maintenance on Monday, with flows expected to stop for ten days, but governments, markets, and companies are worried the shutdown might be extended due to war in Ukraine…
British energy regulator Ofgem is proposing reforms to wholesale electricity markets to reduce Britain's reliance on gas imports and accelerate the transition to low-carbon energy supply, it said on Friday.Last year, the government set out plans…
José Eduardo dos Santos, who ruled Angola for nearly four decades, winning a brutal civil war and overseeing an oil-fuelled boom that did little to alleviate poverty, died on Friday. He was 79 years old.The presidency said Dos Santos died at the Barcelona Teknon clinic…
Norwegian oil and gas company Aker BP has awarded offshore shipowner Eidesvik Offshore a three-year contract for the platform supply vessel Viking Prince.The contract for the 89,6 meters long Viking Prince will begin after the completion of the vessel’s ongoing contract with Equinor…
Asian spot liquefied natural gas (LNG) prices jumped this week on fears of possible Russian supply disruptions to Japan and on rising demand due to a heatwave and concerns over the return of the Nord Stream pipeline after its planned 10-day maintenance…
Offshore wind turbine maker Vestas has installed the first offshore wind turbine at the Akita Noshiro offshore wind project in Japan.This will be Japan’s first commercial-scale offshore wind project.Thirty-three V117-4.2MW turbines, totaling 140MW…
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