OPEC Secretary General Mohammad Barkindo said OPEC+ participants should 'stay the course' regarding the group's decisions, ahead of an OPEC+ meeting on Thursday where the group is expected to stick to its existing deal of gradual output increases…
Energy major Shell has filed its appeal against a Dutch court ruling that ordered the oil, gas and fuel producer to cut its emissions faster in a landmark win for activists turning to courts to force climate action.While Shell had set itself a target to reach net zero carbon neutrality by 2050…
Shell has brought online its PowerNap project, a subsea development in the U.S. Gulf of Mexico with an expected production of 20,000 barrels of oil equivalent per day (boe/d). PowerNap is a tie-back to the Shell-operated Olympus tension leg platform (TLP) in the prolific Mars Corridor…
Qatari national oil and gas company, QatarEnergy, has agreed with ExxonMobil to acquire a working interest in an exploration block offshore Egypt.QatarEnergy will hold a 40% working interest in the contractor’s share in the North Marakia Offshore Block in the Mediterranean Sea…
Offshore wind installation company Cadeler said its 2021 revenue had tripled compared to 2020. The Danish firm also said it had returned to profitability.The revenue for 2021 totaled EUR 61 million, an increase of 212% against EUR 19.5 million in 2020…
Oilfield consultancy specialist Oil Plus Ltd a contract with a North Sea operator to develop and deliver a proactive topsides maintenance resilience and equipment reliability program, to help enhance operational efficiency on one of its platforms…
Thermoplastic composite pipe (TCP) maker Strohm has signed an agreement with Petronas Technology Ventures (PTVSB) part of the Malaysian oil and gas company Petronas, to commercialise TCP in the industry and scale its utilisation across Petronas facilities…
The European Union has launched its first ever challenge against Britain at the World Trade Organization over its former member's green subsidy scheme.The European Commission, which oversees trade policy for the EU's 27 members, said that criteria…
Oil prices rose on Tuesday, recovering some of the previous session's losses as Kazakhstan's supplies continued to be disrupted and major producers showed no sign of being in a hurry to boost output significantly.Brent crude LCOc1 rose $1.54…
Russia is set to resume supplies of liquefied petroleum gas (LPG) from a Sea of Azov port on Tuesday for the first time since Moscow started its military operation in Ukraine, data from the port and Refinitiv Eikon showed.Supplies of LPG had been halted from the Temryuk terminal since Feb…
Price reporting agency Argus launched a new non-Russian diesel cargo assessment delivered into the Antwerp-Rotterdam-Amsterdam (ARA) port complex, the agency said.'The new price will represent fair market value of non-Russian diesel, providing…
Transocean, known for its offshore oil and gas drilling rigs services, said Tuesday it had acquired a minority interest in Ocean Minerals Ltd., a company engaged in the exploration of seabed resources containing metals critical to the growing renewable energy market…
Offshore wind installation company Seaway 7 said Tuesday it had won a 'sizeable' contract with Energie Baden-Württemberg AG (EnBW) for the delivery and installation of inner-array grid cables on its 900MW He Dreiht offshore wind farm project in Germany…
India's ONGC Videsh Ltd has sold at least one cargo of Russian Sokol oil to India refiners Hindustan Petroleum Corp and Bharat Petroleum Corp after failing to draw interest in a tender earlier this month, sources familiar with the matter said…
Oil prices tumbled more than $6 on Monday as fears over weaker fuel demand in China grew after financial hub Shanghai lockdown efforts to curb a surge in COVID-19 infections.Brent crude LCOc1 futures slid as low as $113.72 a barrel and were trading down $5…
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