3i Infrastructure has agreed to acquire AMP Capital's stake in the Danish offshore vessel owner ESVAGT.The deal will result in 3i Infrastructure owning a 100% of the equity in ESVAGT. 'This further investment is expected to be £268 million.…
Turkey on Thursday accused Cyprus of violating its continental shelf by awarding an exploration license in the Mediterranean to Exxon Mobil and Qatar Petroleum, adding it will not allow unauthorized exploration in its jurisdiction.For decades…
Some 300 UK North Sea workers working for Ponticelli UK and Semco Maritime, serving TotalEnergies' UK North Sea platforms, will take industrial action starting Monday, December 6, following a dispute over cuts to terms & conditions, workers' union Unite said…
Classification society DNV has completed a concept verification and technical & commercial assessment of GustoMSC’s floating offshore wind turbine foundation Tri-Floater, confirming the technical feasibility and compliance with the relevant design standards…
A South African high court on Friday struck down an urgent application brought by environmentalists to stop oil major Royal Dutch Shell from starting seismic surveys to explore for petroleum systems off the eastern seaboard's popular Wild Coast…
Oil prices climbed on Friday, extending gains after OPEC+ said it would review supply additions ahead of its next scheduled meeting if the Omicron variant dents demand, but prices were still on course for the sixth week of declines.Brent crude futures rose $1…
Norwegian marine seismic data acquisition company PGS said Friday it was scheduled to start a significant 4D acquisition survey for Petrobras over the Roncador and Albacora Leste fields offshore Brazil in Q2 2022. The acquisition is expected to complete in Q3 2022…
Global Energy Group (“GEG”), the Scottish-based energy services company has agreed on terms with offshore wind tower manufacturing specialist, Haizea Wind Group (“Haizea”), to build a £110m-plus (~$146 million) offshore wind tubular rolling facility at Port of Nigg…
French oil major TotalEnergies said Friday it had started production from the CLOV Phase 2 in Angola, a project connected to the existing CLOV FPSO.Sitting approximately 140 kilometers from the Angolan coast, in water depths from 1,100 to 1…
Royal Dutch Shell said on Thursday it had scrapped plans to develop the Cambo oil field in the British North Sea, which became a lightning rod for climate activists seeking to halt the development of new oil and gas resources.Following 'comprehensive screening' of the Cambo field…
Malaysian oil and gas giant Petronas has awarded two Front End Engineering Design (FEED) contracts to a JGC Corporation-Samsung Heavy Industries consortium and to Saipem as part of an international dual FEED design competition for a nearshore liquefied natural gas (LNG) project in Sabah…
Floating wind industry foundation developer BW Ideol has signed an agreement to acquire a 5% ownership in the 30MW EolMed floating wind pilot project in the French Mediterranean.'This investment confirms the company’s dual-track growth strategy…
NorthStone Advisers, a company describing itself as 'an energy sector specialist provider of market analysis, growth strategy, and organizational development has this week officially launched in Aberdeen, UK.Created by a group of industry experts…
The UK Oil and Gas Authority has granted Orcadian Energy a “Letter of no objection” related to the oil and gas company's development concept for the Pilot field in the UK North Sea.The letter signals the finalization of the “Assessment phase”…
Greenalia, a Spanish firm working to build a 50MW floating wind farm off the Canary Islands, has received authorization in terms of aeronautical easements by AESA (State Aviation Safety Agency) for the assembly of the four wind turbines of the Gofio wind farm…
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