Spanish renewable energy company Iberdrola, via its subsidiary Avangrid Renewables, has, as part of an earlier agreement with Copenhagen Infrastructure Partners, formally concluded an agreement to take control of over 2 GW of US offshore wind capacity…
Oil and gas company Eco Atlantic has signed a Memorandum of Understanding to acquire 100% of Azinam Group including Azinam's entire offshore asset portfolio, in return for a 16.65% equity stake in the enlarged group on completion of the acquisition…
Masirah Oil, a 91.81 percent subsidiary of Rex International, said Monday that gross oil output from the Yumna Field in offshore Block 50 Oman, in December 2021 amounted to 8,440 stock tank barrels per day (stb/d).'Production was choked back…
China's offshore oilfield cluster Bohai, run by state-run CNOOC Ltd, has become the country's largest crude oil producer with output hitting 30.132 million tonnes (602,640 barrels per day) in 2021, state news agency Xinhua reported.Bohai field…
Spanish renewable energy giant Iberdrola and Irish DP Energy have opened new offices of their Irish offshore wind joint venture, in which Iberdrola has a majority stake. The new premises, located at 1 Horgan's Quay, Waterfront Square, in the port city of Cork…
Oil rose to around $82 a barrel on Tuesday, supported by tight supply and hopes that rising coronavirus cases and the spread of the Omicron variant will not derail a global demand recovery.OPEC supply additions are running below their allowed…
Several Democratic U.S. senators said late on Monday, after meeting with Biden administration officials, that they believe sanctions on Russia's Nord Stream 2 pipeline backed by Republican Senator Ted Cruz could harm relations with Germany.Under…
Norwegian oil and gas company Vår Energi has appointed Tone Rognstad to its executive management team as VP People & Organization. Rognstad comes from the position as VP for Project Management and Control at Equinor. She has gained extensive…
Italian offshore oilfield services company Saipem has won $1.1 billion worth of offshore contracts in Australia and Guyana with Woodside and ExxonMobil, respectively.In Australia, Woodside has granted Saipem the Notice to Proceed (NTP) for a contract related to the Scarborough project…
Malaysian oil and gas company Petronas has signed a collaboration deal with oil major Shell to explore opportunities and project collaborations in carbon capture and storage (CCS) space in Malaysia.The two companies will carry out a CCS Area…
Abu Dhabi's offshore marine services company ZMI Holdings said on Tuesday it had signed and closed a new senior secured financing facility of up to $500 million.It will help ZMI invest further in its growth markets, and provide committed and…
Offshore engineering and construction company McDermott said Monday it had secured a mega offshore contract from QatarEnergy.Under the award, McDermott will be responsible for the delivery of engineering, procurement, construction, and installation…
U.S. Gulf of Mexico-focused oil and gas company W&T Offshore has agreed to buy working interests in and operatorship of oil and gas producing properties in Federal shallow waters in the central region of the Gulf of Mexico from privately-held…
Norwegian marine seismic data company TGS on Monday announced a project designed to help drive exploration across the South Makassar and North East Java regions of Indonesia.The company said that processing has begun on the East Java Sea 2D-cubed project…
Offshore engineering and construction firm McDermott has secured a contract with the Australian oil and gas firm Woodside to deliver hull and topsides for the floating production unit to be installed at Woodside's Scarborough development offshore Australia…
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