Mexico's methane leak rate from oil and gas operations is twice as high as that of the world's top oil producer, the United States, a group of researchers found in a report due to be released this week.Invisible and odorless but much more harmful than carbon dioxide…
The offshore drilling sector – challenged by managing an oversupplied, highly competitive market combined with over-leveraged balance sheets, weak liquidity, and stressed financials – is ripe for consolidation, Maritime Strategies International said in a recent report…
Malaysia's Petronas has awarded Block SK437 offshore Sarawak, Malaysia to Petronas Carigali, Sarawak Shell Berhad, Petroleum Sarawak Berhad (Petros).Block SK437 is located to the southwest of the prolific Central Luconia province, measuring 2…
The British High Court has agreed to hear a case by environmental campaigners claiming that the government's support of North Sea oil and gas companies conflicted with its plans to slash the country's carbon emissions by 2050.The legal challenge…
Norway's Equinor posted a sharp increase in second-quarter profit on Wednesday as prices of oil and gas rose, but its earnings fell short of expectations as its Norwegian unit missed forecasts.Adjusted earnings before tax rose to $4.64 billion…
UK-based SSE Renewables and Spanish firm Acciona have agreed to jointly explore offshore wind opportunities in Poland, and have signed a Memorandum of Understanding (MoU) in order to formalize a 50/50 joint venture for the Polish market.Poland…
U.S. oil and gas exploration and production firm Talos Energy has started production from its Tornado Attic well in the U.S. Gulf of Mexico.After successful drilling of the Tornado Attic well, announced in June 2021, Talos executed completion…
A Dutch court has ruled a half-billion-dollar stake in the Portuguese oil company Galp linked to Angolan ex-first daughter Isabel Dos Santos must be handed over to Angola, lawyers for the southwest African country's state oil company said on Tuesday…
Stavanger-based oil firm Wellesley Petroleum on Monday said it would swap certain oil and gas assets offshore Norway with the Norwegian energy giant Equinor. Equinor will take a 40% participating interest in licenses PL090 JS, PL248 I and PL925…
Law firm HFW said Tuesday it had advised Chinese shipbuilder Shanghai Shipyard on a UK Court of Appeal win relating to a US$170 million payment under a shipbuilding contract for an offshore drillship.The Court of Appeal overturned an April 2020…
Oil and gas producer Wintershall Dea, which has a 70% gas portfolio, on Tuesday said Europe needed multi-sourced gas to support decarbonization away from coal and to create a platform for future hydrogen production from carbon-free energy.Wintershall…
UK Export Finance (UKEF), the UK's export credit agency and a government department, said Tuesday it had helped Scottish firm First Subsea land multi-million-pound export opportunities with offshore wind farms overseas. 'First Subsea Ltd, a…
SBM Offshore, one of the world's largest FPSO leasing firms in the oil and gas sector, has, via a joint venture, moved a step closer towards securing rights for a floating wind farm project in the Celtic Sea, off the coast of Wales in the UK…
Wintershall Dea posted strong second-quarter 2021 earnings as it benefited from firmer oil prices and reduced spending, its earnings report showed on Tuesday.The company, owned jointly by BASF and Russia's LetterOne, posted earnings before interest…
Indian oil and gas explorer ONGC said Monday it had, together with Coast Guard, helped avert a possible disaster relating to an empty LPG Tanker ‘Gas Yodla’ which went adrift after engine failure in the Arabian Sea on July 24, 2021. 'At 6:35 PM on that day…
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