Nigerian oil company Seplat has agreed to buy ExxonMobil's shallow water assets in Nigeria via the acquisition of the U.S. oil company's Nigerian subsidiary Mobil Producing Nigeria Unlimited ('MPNU'), in what Seplat said was a transformational acquisition for the company…
In July 2020, just a few months after the COVID-19 pandemic started to spiral out of control, Shell CEO Ben van Beurden declared world oil demand may have passed its peak - all but condemning his company's core business to eventual obscurity…
Russian oil company Lukoil said Friday it had completed the acquisition of the 50% operator interest in the Area 4 project in Mexico through the acquisition of the operator's holding company. The proposed acquisition was first announced in July 2021…
The Biden's administration's sale of offshore wind development rights off the coasts of New York and New Jersey surged past all expectations on Thursday to reach more than $3.3 billion, with bidding still not complete.The auction, which began on Wednesday and is due to resume on Friday morning…
Subsea Expo 2022, a subsea industry event held in Aberdeen this week, has been, according to the organizers, hailed a major success after more than 4,000 visitors attended and exhibitors reported doing “real” business with strong interest in their products and services…
Matthias Warnig, the chief executive of Nord Stream 2 AG who has been targeted by U.S. sanctions, is stepping down from the supervisory board of German soccer club FC Schalke 04, the club said on Twitter.It said Warnig had informed the club that he was resigning with immediate effect…
Norway's Equinor has confirmed to Offshore Engineer that it has signed an agreement with FPSO owner Altera Infrastructure that could see the Petrojarl Knarr FPSO redeployed at the long-stalled Rosebank project in the UK North Sea. The FPSO is currently producing oil from Shell's Knarr field…
The New York Bight auction is made up of six leases containing an estimated 5.6 GW of bottom-fixed offshore wind capacity that can serve New York and New Jersey offshore wind requirements, amongst others. Till now, New York and New Jersey have secured a combined capacity of 8…
MAATS Tech has been named subsea company of the year and David Bruton, Director Subsea at Crondall Energy, was recognized for his outstanding contribution to the industry at the Subsea Expo Awards held Wednesday night in Aberdeen, UK. Organized by the Global Underwater Hub (GUH)…
Italian oil company Eni has started oil production via the Miamte FPSO at the Miztón field, offshore Mexico The field sits in Area 1 in the Gulf of Mexico, about 10 kilometers offshore the Tabasco coast. Upon its arrival in Mexico in January 2022…
The United States on Wednesday imposed sanctions on the company in charge of building Russia's Nord Stream 2 gas pipeline, expanding penalties on Moscow after it recognized two breakaway regions in eastern Ukraine.The sanctions, which target the Nord Stream 2 AG company and its CEO…
Troubled energy contractor Saipem will cut costs, sell assets, and scale back green ambitions to focus more on its core oil and gas business after plunging deep into the red last year.The Italian group stunned investors in January when it downgraded…
Iberdrola is more focused on striking partnerships in the offshore wind power generation business than on any potential spinoff, Chief Executive Ignacio Galan said on Wednesday.Asked about the possibility of spinning off that part of the business…
The UK regulators have approved decommissioning plans submitted by TAQA Bratani for the removal of the Cormorant Alpha platform topsides in the North Sea.TAQA last year filed plans for the decommissioning of the topsides of the Cormorant Alpha platform…
Nora Ventu, a firm formed by Falck Renewables and BlueFloat Energy to develop floating offshore wind farms off the Sardinian coast, has now launched a consultation to provide local communities with more information on two projects to be developed in the Gulf of Cagliari…
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