Royal Dutch Shell said on Monday it would sell its Permian Basin assets to ConocoPhillips for $9.5 billion in cash, an exit from the largest U.S. oilfield for the energy major shifting its focus to the clean energy transition.For ConocoPhillips…
Hedge funds purchased crude after disruption to offshore production in the Gulf of Mexico lasted longer than expected, extending a drawdown of already-tight petroleum inventories.In the week to Sept. 14, hedge funds and other money managers…
Oslo-based offshore compressor firm TMC Compressors has won a contract to supply the marine compressed air system for Woodside's Sangomar FPSO, to be deployed offshore Senegal.TMC will deliver a large marine compressed air system to the FPSO…
Oil major Shell has with its partners in Norway taken a final investment decision (FID) on a wet gas subsea compression project at Ormen Lange, Norway’s second-biggest gas field, and submitted a Plan for Development and Operation (PDO) to the Ministry of Petroleum and Energy…
BP's Matapal project offshore Trinidad and Tobago has achieved first gas, BP Trinidad and Tobago said Monday.Matapal is BPTT’s second subsea development and it consists of three wells, which tie back into the existing Juniper platform via two 9 km flexible flowlines…
Lebanon's Prime Minister Najib Mikati has asked his foreign minister to seek clarification from the international community after Israel granted U.S. oilfield services group Halliburton an offshore drilling contract in the Mediterranean.Lebanon…
Britain's SSE has not made a decision to break itself up, the renewable power and networks group said on Monday, after a newspaper report said it was close to splitting up following months of pressure from U.S. activist investor Elliott.The…
Deep in the Oman desert lies one of BP's more lucrative projects, a mass of steel pipes and cooling towers that showcases the British energy giant's pioneering natural gas extraction technology.The facility earned BP Plc more than $650 million in profits in 2019…
Danish wind turbine maker Vestas said Monday it would cease production at its factories in Lauchhammer, Germany; Viveiro, Spain and Esbjerg, Denmark, where it employs 650 people in total.In Germany, Vestas’ factory in Lauchhammer, which scaled-down activities two years ago…
Norwegian oil and gas firm Equinor has said it has, with its partners, received permission to increase gas exports from two offshore fields in Norway to supply the tight European market.Production permits for the Oseberg and Troll fields have…
Offshore drilling firm Japan Drilling Company said last week that its jack-up drilling rig Hakuryu-11 had reached a safety milestone.Namely, the rig has managed to achieve a three-year milestone of No Recordable Incident Record - for the September 14…
Malaysian offshore services firm Handal Energy has recently secured a contract from Tanjung Offshore Services for the provision of portable crane equipment and services package.Handal said Friday that it had reached a contract agreement with TOS April 27…
Shipbuilder Strategic Marine has unveiled its new Aluminium 42m Gen 4 Fast Crew Boat (FCB) design. According to the company, the vessel comes with an efficient new hull form and Z-bow which improves seakeeping, requires less power for the same speed and deadweight (DWT)…
Karoon Energy sees strong growth prospects in Brazil, where it started producing oil last year, working to more than double output by 2023 and considering two options to develop another field by mid-decade, its chief executive said on Monday…
Oil and gas company BP has chartered Prosafe's offshore accommodation rig Safe Zephyrus for work in the UK North Sea.The Safe Zephyrus, with beds for 450 persons, in single-man cabins, will provide gangway-connected operations to support the…
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