Turkey has discovered 135 billion cubic meters of additional natural gas in the southern Black Sea, President Tayyip Erdogan said on Friday, raising the total discovery in the region to 540 billion cubic meters.Last year, Turkey's drillship…
KrisEnergy, an oil and gas company focused on Southeast Asia, said Friday it had filed a winding-up petition and that it would proceed to liquidation due to its inability to pay debts.KrisEnergy warned about this outcome back on March 31 when it said that the production from the Apsara field…
Russia's Nord Stream 2 gas pipeline is set to be completed as the United States wants good ties with Europe, President Vladimir Putin said, as the ill-fated project is nearly complete and ready to start pumping gas to Germany.Russia's Gazprom…
Hitachi ABB Power Grids today launched a portfolio of transformer products to be installed on floating offshore substations and floating wind turbines in deep waters, where traditional solutions are not feasible.According to the company, its…
Malaysian oil and gas company Hibiscus Petroleum has confirmed it has agreed to buy Repsol’s interest in oil and gas assets in Malaysia and Vietnam for $212.5 million.The announcement comes after Repsol earlier this week announced the sale to Hibiscus…
Denmark-based Aegir Insights, an offshore wind investment analytics company, has announced a partnership with Shell, where Aegir Insights will provide data-driven analytics and intelligence to help Shell's offshore wind business development…
Italian energy services firm Saipem has agreed to acquire the floating wind business of the French company Naval Energies, a subsidiary of Naval Group.The business consists of Naval Energies' engineering know-how on floating units, intellectual property rights…
Offshore accommodation rig provider Prosafe said Friday it had received support from lenders of its affiliated companies Prosafe SE and Prosafe Rigs Pte. Ltd. on debt restructuring proposal.'The company has received acknowledgment of credit…
Russian energy companies Novatek and Gazprom Neft on Friday created an exploration and production joint venture which will focus on work in the East Siberian Sea and the Chukchi Sea.As part of the agreement, Novatek acquired a 49% participation interest in OOO Gazpromneft Sakhalin…
Hurricane Energy plc, an oil and gas company that produces oil from the Lancaster field off the UK, is facing business wind-down unless it agrees a shorter charter extension for the Aoka Mizu FPSO than originally agreed.The company, which started…
Exxon Mobil has relinquished its 80% interest in Ghana’s Deepwater Cape Three Points offshore block, a spokesman told Reuters on Thursday.“Exxon Mobil is prioritizing near-term capital spend on the most advantaged assets with the lowest cost…
Several oil companies are challenging Fieldwood Energy’s proposed reorganization plan, saying it does not appropriately address its environmental obligations.The oil companies, which include Shell Offshore, BP Exploration & Production, ConocoPhillips Company and Marathon Oil Company…
Equinor has awarded Ocean Infinity's MMT a contract for export cable route surveys for the ‘Beacon Wind’ offshore wind farm in the U.S.MMT is performing a combination of geophysical, geotechnical, environmental, and benthic surveys along the export route of Beacon Wind sites 1 and 2…
Israel is considering rolling back export limits on natural gas, allowing energy companies to sell more abroad before demand wanes in the global market, according to a draft government report.Fewer restrictions could attract more energy groups to explore Israeli waters…
The first of four Ocean Sun floating solar plants started operation Wednesday at the Statkraft Banja reservoir in Albania.The floater is located on Statkraft’s 72-megawatt hydropower plant and is now generating renewable energy and injecting the power into the Albanian national electricity grid…
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