French oil major Total has signed a $14.9 billion senior debt financing agreement for its massive liquefied natural gas (LNG) project in Mozambique, the biggest project financing ever in Africa, it said on Friday.The project includes the development…
As part of its 2017-2022 offshore oil and gas leasing program, the U.S. administration plans to hold a 'region-wide' Gulf of Mexico lease sale in November 2020. The lease sale was originally expected to be held in August but due to the oil and gas market downturn…
Malaysia's Perdana Petroleum has won a contract with Dayang Enterprise for the charter of and accommodation work barge and an anchor handling tug.Perdana said on Friday the contract had been awarded to its subsidiary Perdana Nautika.The contract value is estimated at RM6…
A former boss of Mexican state oil company Petroleos Mexicanos arrived back in Mexico on Friday where he will face an initial court hearing to answer corruption charges that could engulf leaders of the last government.Emilio Lozoya, who was extradited back to Mexico from Spain overnight…
Oil and gas company Twinza has started negotiations with the Papua New Guinea authorities regarding the fiscal terms that will apply to the proposed development of the Pasca A gas-condensate offshore field.The shallow water field in the Gulf of Papua was discovered in 1968 but was never developed…
Norwegian offshore energy services provider Aker Solutions will spin off its wind development business and the carbon capture technology business in two separate firms, ahead of the proposed merger with engineering and construction firm Kvaerner…
A group of the world's top oil companies, including Saudi Aramco, China's CNPC, and Exxon Mobil, have for the first time set goals to cut their greenhouse gas emissions as a proportion of output, as pressure on the sector's climate stance grows…
The global economy will not achieve a V-shaped recovery after the coronavirus epidemic, which will curtail oil and gas demand for years, Royal Dutch Shell's chief executive said.Ben van Beurden told an online interview with IHS Markit Chairman…
The United States this week hardened its position on the South China Sea, where it has accused China of attempting to build a 'maritime empire' in the potentially energy-rich waters, despite regional concerns.The rivals have accused each other…
Marine robotics company Ocean Infinity has completed its survey project for ExxonMobil, within the enormous Stabroek block offshore Guyana, where the oil giant has over the recent few years discovered more than 8 billion barrels of oil.The project…
British renewable power generator and network operator SSE Plc said on Thursday it will stick with plans to invest 7.5 billion pounds ($9.4 billion) in low-carbon projects over the next five years, and also maintain its dividend schedule.'Whilst…
Oil prices eased on Thursday after OPEC and allies such as Russia agreed to taper record supply curbs from August, though the drop was cushioned by hopes for a swift U.S. demand pick-up after a big drawdown from the country's crude stocks.Brent crude fell 33 cents…
Wind turbine maker Siemens Gamesa Renewable Energy will maintain offshore wind turbines at Trianel Windpark Borkum II (TWB II) wind farm, offshore Germany, under a five-year contract.SGRE said It is the first time for Siemens Gamesa to win an…
Offshore installation specialist Subsea 7 has won a deal for the installation of the subsea cable system on an offshore wind farm project in Taiwan. Subsea 7 did not say who the client was, but said the contract was a sizeable one, which means it is worth between $50 million and $150 million…
Brazilian oil company Petrobras has wrapped up the sale of its entire stake in the ten offshore fields that comprise the Pampo and Enchova Clusters to Trident Energy. The fields are located in shallow water in the Campos Basin in the state of Rio de Janeiro…
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