Apache Corp said it plans to create a new holding company called APA Corp, that would replace the oil and gas producer as the public company trading on the Nasdaq stock exchange.Apache will become a unit of APA and continue to hold assets in the United States…
While wave power is still in its infancy relative to offshore wind in the renewable power space, several companies are making step changes that are geared to lead this power source to utlity scale. One Swedish company making the move is Eco Wave Power…
Oil prices were steady on Thursday after hitting fresh 11-month highs on a fall in U.S. stockpiles and in the wake of a pledge by Saudi Arabia to cut output by more than expected.Brent crude was up 5 cents to $54.35 a barrel at 1231 GMT after touching $54…
Scorpio Bulkers announced Wednesday that it intends to change its name to Eneti Inc. as the company plans its pivot from dry bulk shipping to offshore wind farm construction and services.The name change, which remains subject to approval at a February 3 shareholders meeting…
Economic recovery. Climate change. Racial equity. COVID-19. These four issues are at the core of President-elect Joe Biden’s Day 1 priorities. Separately, each issue seems like a monumental challenge with no easy solution. But there is a path…
Crowley Shipping announced Wednesday it has formed a New Energy division to focus on offshore wind and liquefied natural gas (LNG) services in the U.S. and adjacent regions.The Jacksonville, Fla.-based maritime transportation and services firm…
Norwegian offshore vessel owner Havila Shipping has settled a dispute with subsea services provider DeepOcean.The dispute, now settled, came to light after Havila in December said it had terminated the contract with DeepOcean for the Havila Phoenix vessel…
Oil company ConocoPhillips has obtained regulatory approval for remote operations of its Eldfisk 2/7 Bravo facility in the North Sea, offshore Norway.The consent, granted by the Petroleum Safety Authority Norway, covers the conversion to a new…
Oil tanker operator AET has taken delivery of the Eagle Pilar, a new Suezmax Dynamic Positioning (DP2) shuttle tanker. The vessel has been purpose-built for long-term charter to Brazil Shipping I Limited, a Shell subsidiary.The vessel was delivered…
Malaysia’s state energy firm Petronas said on Monday it expects to resume full production at its Baram facilities, off the state of Sarawak on Borneo island, in the third quarter after halting output in October following an accident.Petronas…
Sakhalin Energy, an international consortium operating an offshore gas-fed LNG plant in eastern Russia, set a record for LNG production in 2020.Sakhalin Energy said Wednesday that it had in 2020 produced and shipped a record amount of liquefied natural gas (LNG): 178…
Norwegian oil company Vår Energi has appointed Torger Rød as the company’s new CEO. Rød will take over from Kristin F. Kragseth who has recently accepted the position as CEO of Petoro, the management company for the Norwegian state-owned oil and gas interests…
Norway's Equinor has breached safety regulations at its long-delayed Martin Linge oil and gas development and must fix the problems before output can begin, an industry regulator said on Tuesday.Following an audit of control, monitoring and safety systems…
EIG Global Energy Partners has sold to Fluxys Belgium a portion of South America's biggest natural gas pipeline, clearing a regulatory obstacle to buying a bigger share of the Brazil-Bolivia duct, EIG's CEO said on Tuesday.U.S.-based EIG wants…
Norwegian oil and gas company Pandion Energy has agreed to acquire interests in two offshore production licenses in Norway from Wintershall DEA.Pandion will acquire a 2.5 percent interest in PL 820 S and a 15 percent interest in PL 617, both in the North Sea…
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