Carbon Catalyst Limited (CCL) said Friday it had reached an agreement with Summit Energy Evolution Limited (SEEL), a subsidiary of Sumitomo Corporation, to farm out a 10% working interest in the Orion carbon storage license located in the Southern North Sea sector of the UK Continental Shelf…
New York State will issue a new offshore wind solicitation on Nov. 30 with bids due in January 2024, the state government said, in a move that should support the troubled industry. European energy companies Orsted, Equinor, and BP have taken a combined $5 billion of writedowns on U…
Norwegian oil and gas company Equinor has awarded IKM Testing a four-year extension to a major framework agreement that covers all of Equinor's offshore installations and onshore facilities in Norway until the second quarter of 2028. 'IKM Testing…
Karoon Energy announced deals worth $720 million on Thursday to buy stakes in certain offshore oil and gas fields in the Gulf of Mexico from U.S.-based LLOG Exploration, in a move to diversify operations beyond Brazil and Australia.The oil and…
Brazilian oil and gas company PRIO said Friday it had received the payment regarding the conclusion of the sale of its 10% interest in the Manati field offshore Brazil to Gas Bridge Storage. The Manati Field, located in the Camamu Basin, on the coast of Bahia…
Britain's Octopus Energy said on Friday that its renewables investing arm had launched a dedicated fund with Japan's Tokyo Gas to invest 3 billion pounds ($3.7 billion) in offshore wind projects by 2030.The Octopus Energy Offshore Wind fund…
Ghana plans to introduce a more flexible oil royalties regime as soon as next year to spur investment and reduce risk for energy companies, the head of the state oil sector regulator said on Thursday.Egbert Faibille Jr, CEO of Ghana's Petroleum Commission…
The AST Group recently delivered its advanced remote performance monitoring solution to ScanTech Offshore.ScanTech approached AST with a mission-critical need to access live engine data for its air compressors remotely. Previously, the company…
Energy Transfer LP has entered into a non-binding Heads of Agreement (HOA) with TotalEnergies related to term crude oil offtake from its proposed Blue Marlin Offshore Port for 4 million barrels per month. The HOA is subject to the negotiation…
Corinth Pipeworks, as a subcontractor of Sumitomo Corporation Europe, has won a contract to manufacture and supply approximately 160km of longitudinally submerged arc-welded steel pipes (LSAW) for the development of an offshore natural gas pipeline…
Japanese FPSO leasing firm MODEC said Thursday that the first steel-cutting ceremony for the Guyana-bound FPSO Errea Wittu had been held in China.MODEC secured its first order to supply an FPSO to Guyana in May 2023. The order came from an ExxonMobil…
Vitol, the world's largest independent oil trader, has provisionally chartered a supertanker to load oil from Venezuela for China, according to two shipbrokers and data from shiptracking firms Kpler and Vortexa.The Very Large Crude Carrier Gustavia S…
Venezuela's state-run oil company PDVSA is offering to sell up to 1 million barrels of Corocoro crude through an intermediary, sources said on Wednesday, which could become the first sale of that grade in two years.Since Washington temporarily eased oil sanctions on the country last month…
Tekmar Group said Thursday it had secured a £2.5 million contract to provide equipment for a subsea project in the Middle East.'The contract is for the design and supply of TekDuct, one of Tekmar Group's cable protection products, ballast modules…
Norwegian oil and gas companies plan to invest more in 2023 and 2024 than previously thought as inflation drives up the cost of field developments, a national statistics office (SSB) survey showed on Thursday.The country's biggest business sector…
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