Guyana, which has jumped into the forefront of offshore oil exploration, is using its inland forests to tap carbon markets, in a business the government sees as more profitable than using the acreage for mining or agriculture, Vice President Bharrat Jagdeo said on Wednesday…
Japanese oil refiners may buy Russian crude from the Sakhalin-2 oil and gas project, if needed, to secure a stable supply of liquefied natural gas (LNG), the president of the Petroleum Association of Japan (PAJ) said on Wednesday. But Russian oil…
British oil and gas producer Capricorn Energy on Wednesday pulled the plug on its planned merger with Israeli gas group NewMed Energy after months of shareholder pressure that also toppled Capricorn's leadership.Activist investor Palliser and…
Green hydrogen technology start-up sHYp has moved into offices and laboratory space at The James Hutton Institute in Aberdeen with plans to expand to five staff on site by summer.The move gives sHYp access to the institute’s specialist analytical equipment and expertise…
Longboat Energy, an oil and gas company so far mostly focused on offshore oil and gas operations offshore Norway, is expanding internationally with the recent award of an offshore exploration block in Malaysia.Longboat said Wednesday it had won a Production Sharing Contract (“PSC”) for Block 2A…
Norwegian oil firm Equinor has chartered Havila Shipping's Havila Clipper platform supply vessel.Havila Shipping said Wednesday that the contract was for six months. Equinor will have two 2-month extension options after the expiration of the six-month charter…
Brussels-headquartered data and analytics group Kpler has bolstered its presence in the maritime space with the acquisition of ship tracking companies MarineTraffic and FleetMon, the company said on Wednesday. Tracking the movement of ships has become an integral part of trading strategies…
Oil major BP has formed an offshore wind joint venture with Norway's Deep Wind Offshore to develop offshore wind farms in South Korea. As part of the deal agreement, BP has acquired a 55% stake in Deep Wind Offshore’s early-stage offshore wind portfolio…
The Brazilian oil and gas company Petrobras has awarded Alcatel Submarine Networks (ASN) and Maersk Supply Service (MSS) the contract for the supply and installation of a Permanent Reservoir Monitoring (PRM) system on the giant Mero field offshore Brazil…
Offshore decommissioning firm Well-Safe Solutions and oil firm Apache Corporation have signed a multi-year framework agreement to plug and abandon wells in the North Sea.The deal provides Apache with access to Well-Safe Solutions' decommissioning rigs…
Solstad Offshore's subsidiary, Normand Ships, has completed the sale and delivery of the construction support vessel Normand Jarl to its new owner.Solstad Offshore first announced it had agreed to sell its 2013-built construction support vessel Normand Jarl in December 2022…
Aker Solutions said Tuesday evening that its subsidiary CSE in Brazil had become the victim of a cyberattack that had impacted its IT systems. 'Aker Solutions is working to contain and neutralize the attack, but does not yet know the full extent of the situation…
Guyana expects to finalize a new oil production-sharing agreement model on time for an auction that will collect bids through mid-April, the country's vice president told an energy conference on Tuesday. The South American country has emerged…
Floating Energy Allyance (FEA), comprising of BW Ideol, Elicio, and BayWa r.e., has appointed Ocean Infinity to carry out an initial geophysical and geotechnical site investigation at its Buchan floating offshore wind project, 75 km to the northeast of Fraserburgh…
Norwegian oil and gas company Equinor, on behalf of its partners in the Snøhvit offshore gas field in the Barents Sea, has awarded Aibel a major contract for Hammerfest LNG modifications in connection with the Snøhvit Future project.The Snøhvit…
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