Suriname's state firm Staatsolie and a unit of Chevron Corp have signed a production sharing contract for exploring and producing oil at an offshore block, the companies said on Wednesday, expanding their cooperation in the country.Suriname is a small onshore crude producer…
Brazil's state-run oil company Petrobras said on Wednesday its board has approved the sale of its stake in the Albacora Leste oilfield to Petro Rio SA for $2.2 billion.The oil giant, formally known as Petroleo Brasileiro SA, said the sale was…
Norwegian independent oil company Aker BP reported its fifth consecutive record quarterly profit on Thursday as petroleum prices soared, and is preparing to ramp up gas deliveries to Europe, the company said on Thursday.Earnings before interest…
A look inside Odfjell Oceanwind, a Norwegian start-up that plans to decarbonize the offshore drilling industry by using giant floating wind turbines, mobile offshore wind units. Per Lund, CEO explains.Per, to start, please give a ‘by the numbers’ look at Odfjell Oceanwind…
Acteon, an offshore services and equipment provider, on Wednesday announced a new structure that it said would further accelerate its growth in offshore renewables. 'Three new client-facing service divisions, Data and Robotics, Engineering, Moorings and Foundations…
Oslo-listed FPSO leasing company BW Offshore said Wednesday a fatal incident had occurred in the Priya Blue shipyard in India, but that it was not related to ongoing recycling of former BW Offshore FPSOs at the yard.BW Offshore said in February…
U.S. oil and gas producer Hess Corp reported a 65% rise in first-quarter profit on Wednesday, helped by a jump in energy prices due to Russia's invasion of Ukraine.Oil prices hit multi-year records during the quarter as the conflict in Ukraine led to sanctions against Russia…
Malaysian state energy firm Petronas is seeing growing demand for gas as the world lifts COVID-19 restrictions and prioritizes energy security due to Russia's invasion of Ukraine, its chief of upstream operations told Reuters on Wednesday.Petronas…
Irish floating wind platform developer Gazelle Wind Power (Gazelle) has signed a memorandum of understanding with the Austrian consulting firm Vienna Consulting Engineers ZT GmbH (VCE) to support its 2MW floating wind pilot project in the Canary Islands…
Italian oilfield services giant Saipem has awarded GE Power Conversion a contract to develop the electrical module for Petrobras’ P-79 FPSO.In June 2021 Saipem, in a joint venture with South Korean shipbuilder Daewoo Shipbuilding & Marine Engineering Co…
Construction of the 16.8 megawatt Goto floating wind farm in Japan is expected to start in September 2022, with the commercial operations scheduler to begin in January 2024.A a sole bidder, the Japanese Goto Floating Wind Farm consortium, in June 2021…
Oil and gas company Empyrean Energy said Wednesday that its Jade offshore well in China, for which the company had high hopes, had reached total depth without encountering hydrocarbons.After years of preparations, the company started drilling…
Norway's Vår Energi raised its annual dividend and posted a sharp rise in first-quarter profit on Wednesday, aided by a surge in oil and gas prices following Russia's invasion of Ukraine.Vår Energi, majority-owned by Italy's Eni, reported a pretax profit of $1…
Exxon Mobil Corp on Tuesday said it found oil in three new wells drilled off the coast of Guyana, raising recoverable oil and gas potential from its discoveries to nearly 11 billion barrels.The discoveries continue a run of exploration successes that date to 2015…
DNV has presented Wison Offshore & Marine (WOM) with a Verification Letter for its 'w.semi' floating wind foundation. The Verification Letter demonstrates the technical feasibility and commercial readiness of the technology.Wison Offshore & Marine's 'w…
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