Oil prices were on track for a sixth week of gains after Saudi Arabia and Russia, the world's second and third-largest crude producers, pledged to cut output through September.Brent crude futures for October edged 33 cents higher to $85.47 a barrel by 1326 GMT…
Iran's foreign minister has invited his Kuwaiti counterpart to Tehran, Kuwait said on Thursday, as tensions simmer over the offshore Durra gas field.Saudi Arabia and Kuwait claim exclusive joint rights to the field while Iran also claims a stake and says a Saudi-Kuwaiti agreement to develop it…
Brazilian national oil company Petrobras posted a nearly 36% drop in its second-quarter profits on Thursday, citing falling crude prices, although earnings surpassed analyst expectations. Latin America's top oil producer posted recurring net profit of 28…
Offshore wind installation services firm Seaway 7, part of Subsea 7, has ordered the entire monopile installation spread for jack-up vessel Seaway Ventus from the Dutch firm Huisman.The GustoMSC NG-14000XL-G jack-up vessel was originally ordered by OHT…
Abu Dhabi National Oil Company (ADNOC) has agreed to acquire a 30% stake in the TotalEnergies-operated Absheron gas and condensate field in the Caspian Sea, for an undisclosed fee.Upon completion of the transaction, ADNOC will own a 30% stake in Absheron…
INPEX Operations Australia, an Australian subsidiary of the Japanese firm INPEX, has exercised an option to extend the contract for the ultra-deepwater semi-submersible rig Noble Deliverer for drilling at the Ichthys field in the Browse Basin offshore Western Australia…
Italian firm Saipem has won two new contracts for offshore engineering and construction work in Romania and in Germany, with a total value of approximately 1.8 billion euros (currently around $1,97 billion).The first contract relates to the…
Britain has increased the amount available in its latest auction round to spur renewable power projects by 22 million pounds ($28 million) taking the total to 227 million pounds, the government said on Thursday.The move comes after Britain’s…
Romanian National Agency for Mineral Resources has endorsed the Development Plan for OMV Petrom's Domino and Pelican South commercial natural gas fields in the Neptun Deep offshore block in the Black Sea.'Consequently, the Neptun Deep project enters the development phase…
UK-based oil and gas company Spirit Energy is reporting its busiest year-to-date in decommissioning activities, with offshore campaigns taking place across the Central North Sea (CNS), Southern North Sea (SNS), and East Irish Sea.The most recent activity to be completed…
GAIL (India) Ltd is close to finalizing a long-term liquefied natural gas (LNG) import deal with Qatar to buy at least 1 million metric tons per year, potentially for more than 20 years, three industry and trade sources said.The deal would be…
Crown LNG Holdings AS, a provider of LNG liquefaction and regasification terminal technologies for harsh weather locations, has agreed to merge with Catcha Investment Corp, a publicly traded special purpose acquisition company, that would result in Crown becoming a U…
Today, Eni formalized with its Libyan counterpart NOC the revocation of force majeure status on exploration areas A and B (onshore), and C (offshore), where Eni is the operator with a 42.5% stake, along with BP, 42.5%, and the Libyan Investment Authority with 15%…
Anasuria Hibiscus UK Limited, a UK-subsidiary of the Malaysian oil firm Hibiscus Petroleum has received a Development and Production Works Consent to a Field Development Plan (“FDP”) for the Teal West field in the UK North Sea.The consent was granted by the UK energy industry regulator…
Greenpeace protesters draped the private home of British Prime Minister Rishi Sunak in black fabric on Thursday, stepping up their campaign against his government's policy on drilling for oil.A picture posted by Greenpeace UK on messaging platform X…
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