Turkey has postponed a natural gas summit due to be held on February 14-15 until March 22, an energy official said on Friday, after a major earthquake hit its southeastern region. Setting up a gas hub in Turkey was first proposed by Russia's…
Italy's Eni could take over Chevron's stake in and operatorship of the Indonesia Deepwater Development (IDD) gas project by mid-2023, a senior Indonesian energy ministry official said on Tuesday.'Currently Eni is working, and so far, so good…
Offshore crew transfer firm HST Marine has welcomed the arrival of its new UK-built hybrid-electric crew transfer vessel (CTV), HST Frances.The ceremony was attended by Nusrat Ghani MP, UK Minister of State (Dept. for Business and Trade and…
Aker BP has made an oil discovery near the Ivar Aasen field in the North Sea, offshore Norway, but the volumes discovered are not seen as profitable 'at present time.'The oil firm, as the operator of the production license 867 B, has completed the drilling of wildcat well 25/10-17 S…
Norwegian independent oil firm Aker BP AKRBP.OL will boost its dividend by 10%, the company said on Friday after posting a $2.2 billion operating profit for the final quarter of 2022, up from $1.2 billion a year earlier. Norway's second-largest listed oil company…
Renewable energy developer and fund manager Copenhagen Infrastructure Partners (CIP) intends to invest 8 billion euros ($8.6 billion) in a large offshore wind power park in Portugal that is preparing its first auction of such concessions. CIP…
Offshore drilling company Transocean has agreed to invest in DEME Group’s subsidiary Global Sea Mineral Resources NV (“GSR”) in exchange for a non-controlling stake in the company. GSR is the deep-sea mineral exploratory company engaged in the…
Nearly 100 Odfjell offshore drillers working on two flagship BP platforms have backed strike action in a dispute over working rotas and pay, the Unite Scotland trade union said on Thursday.Two of BP's North Sea platforms, the Clair and Clair Ridge…
Flotation Energy and Vårgrønn have submitted a marine license application for the Green Volt floating offshore wind farm in the UK.According to the companies, the consent application could allow the project to start generating power in the mid-2020s…
This week, the Dutch offshore installation firm Van Oord installed the last monopile for CrossWind's Hollandse Kust Noord wind farm in the Dutch North Sea, bringing the total number of installed monopiles to 70. The offshore wind farm is located 18…
Russian oil firm Lukoil has signed several agreements with Kazakhstan's KazMunayGas in Astana regarding the Kalamkas-Sea, Khazar, Auezov subsoil area development project in the Kazakhstan sector of the Caspian Sea. They define the rights and…
Norway's $1.35 trillion wealth fund said on Thursday it would step up its engagement with companies over the management of climate risk by voting against board members who it deems are not doing enough on the issue. Investing the state's revenues…
Indonesian energy company Medco Energi Internasional MEDC.JK (MedcoEnergi) will raise its capital expenditure by nearly 50% to about $370 million this year, with a bigger portion allocated to oil and gas development, a company director said on Thursday…
Japan's Inpex on Thursday forecast a 38% fall in net income to 270 billion yen ($2 billion) and a 19% fall in sales to 1.9 trillion yen this year, hit by lower oil prices and a stronger yen. The country's top exploration and production company…
French seismic data company CGG and its Norwegian partner TGS have been jointly awarded the acquisition and imaging of a dense ocean bottom node (OBN) multi-client seismic survey in the Balder and Ringhorne areas of the Norwegian Continental Shelf (NCS)…
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