Africa-focused oil and gas company Chariot on Wednesday announced a 'material increase' in gas resource estimates for its assets offshore Morocco, as it works to reach a final investment decision for the Anchois gas field development.The company…
Spanish offshore engineering firm Saitec Offshore Technologies and renewables giant RWE on Wednesday marked the completion and the launching operation of their DemoSATH floating wind unit. SATH Technology is based on a concrete platform concept with a plug-and-play Single Point Mooring…
ConocoPhillips' chief executive on Tuesday warned of looming crude oil shortages and price volatility, citing limited spare capacity among the Organization of the Petroleum Exporting Countries and slow U.S. output gains ahead.Ryan Lance, head of the largest U…
French oil major TotalEnergies on Wednesday confirmed its definite withdrawal from Myanmar and repeated its condemnation of the abuses and human rights violations in the country.To remind, Total said earlier this year it would officially exit Myanmar oil and gas business in July…
Japanese FPSO leasing company MODEC said Wednesday that the FPSO Almirante Barroso MV32 had started its navigation towards Brazil last Sunday. The FPSO is bound for deployment at Petrobras' Búzios deepwater oil field.The FPSO left the Cosco shipyard in China on Sunday…
Shell Plc on Wednesday told workers at its Prelude floating liquefied natural gas (FLNG) facility it would stop paying them as of Monday after they extended industrial action for two more weeks over a long-running wage dispute.Shell last week began shutting down the 3…
Norwegian oil company Aker BP posted upbeat second-quarter results on Wednesday and said it will raise its dividend payments in the second half of the year, as it continued to benefit from high oil and gas prices due to the war in Ukraine.Earnings before interest…
Indonesia is offering five exploration oil and gas working areas and one exploitation working area across the country in its first bidding round of this year, a senior energy official said on Wednesday.The oil and gas blocks have a total potential resources of 3…
The UK government on Tuesday gave green light for six fixed offshore wind projects, with the potential to generate renewable electricity for more than 7 million households.The Secretary of State for Business, Energy and Industrial Strategy gave…
Workers at Shell Plc's Prelude floating liquefied natural gas (FLNG) facility off northwestern Australia have extended industrial action to Aug. 4 over a prolonged pay fight, the Offshore Alliance said on Wednesday.Shell last week began shutting down the 3…
Norwegian oil company Equinor has awarded further work for Odfjell Drilling's Deepsea Stavanger semi-submersible drilling rig.The deal is awarded under the continued optionality mechanism provided for in the contract entered into by the two companies in May 2021…
Russian gas flows via the Nord Stream 1 pipeline are seen restarting on time on Thursday after the completion of scheduled maintenance, two sources familiar with the export plans told Reuters.The pipeline, which accounts for more than a third of Russian natural gas exports to the European Union…
Offshore installation and decommissioning contractor Allseas said Tuesday it had successfully removed and transported to shore Repsol Norge’s 30,000-tonne Gyda platform 'in a matter of days.'According to the company, Allseas' Pioneering Spirit…
Farhat Bengdara, who was declared chairman of Libya's National Oil Corp last week by the Government of National Unity in Tripoli, said his appointment did not change the company's legal position after its validity was challenged.'I am aware…
Oilfield services provider Halliburton Co on Tuesday posted a nearly 41% rise in second-quarter adjusted profit compared to the first quarter, and predicted multiple years of growth in demand for drilling.Driven by high oil prices, the increase…
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