Chevron Corp on Friday reported a fourth-quarter profit, which missed estimates by analysts on weaker than expected oil and gas production that outweighed gains from recovering prices. Its shares slid in pre-market trade.The first major oil…
Offshore drilling firm Aquadrill- ex-Seadrill Partners - has signed an agreement with Vantage Drilling for Vantage to manage and market its ultra-deepwater semi-submersible drilling rig Aquarius.Ihab Toma, CEO of Vantage stated 'We are delighted…
Hundreds of workers set up oil barriers along beach fronts in Thailand's eastern Rayong province on Friday as authorities raced to limit the environmental damage from gallons of oil that leaked from an underwater pipeline earlier this week.The…
Shell's head of renewable energies Elisabeth Brinton has stepped down less than two years after taking the reins of the business which the company seeks to rapidly grow as part of its strategy to reduce greenhouse gas emissions.Brinton, who joined Shell in 2018…
German renewable energy giant RWE has this week signed a 30-year concession agreement with the Danish Energy Agency (Energistyrelsen) for the rights to build and operate Denmark's largest offshore wind farm to date, the 1GW Thor. The wind farm…
Peruvian prosecutors requested on Thursday that the president and three other executives of Spanish oil firm Repsol SA's local refinery be barred from leaving Peru for 18 months while a probe into an oil leak is under way.Repsol's La Pampilla refinery…
A federal judge invalidated the results of an oil and gas lease sale in the Gulf of Mexico on Thursday saying the Biden administration failed to properly account for the auction's climate change impact.The decision has cast uncertainty over the future of the U…
UK-based energy industry engineering services company Wood has received funding in Canada under the Newfoundland and Labrador Offshore Oil and Gas Industry Recovery Assistance Fund for an autonomous robotic inspection and maintenance project…
Long-serving marine, energy and industrial market consultancies International Maritime Associates and World Energy Reports have merged to form Intelatus Global Partners.While Intelatus is a new name, its team of business consultants has nearly…
Malaysia's state energy firm Petronas said it was offering 14 offshore exploration blocks, six clusters of discovered resource opportunities (DRO), and one cluster of late-life assets (LLA) in its annual bid exercise launched on Thursday.The…
Offshore wind turbine installation company Cadeler A/S said Thursday it had won an important contract with wind turbine maker Vestas, and entered a reservation agreement with an undisclosed client. 'The agreements ensure optimal utilization…
Norwegian carbon capture and storage project Northern Lights is set to receive four million euros from the EU under the Connecting Europe Facility (CEF) funding scheme.The Northern Lights joint venture, owned by Equinor, TotalEnergies, and Shell…
Offshore wind energy developer Ocean Winds and the “Banque des territoires” as shareholders of the Eoliennes flottantes du golfe du Lion (EFGL) project, have reached the Final Investment Decision, committing to the construction of a floating wind project in France…
Norwegian Minister of Petroleum and Energy, Marte Mjøs Persen, will Thursday officially open the Martin Linge field, located in the North Sea, offshore Norway.As previously reported, the field came on stream in June 2021, after years of delays…
Oasis Marine Power said Thursday it had completed the first stage of testing of its offshore charging station.The Oasis Power Buoy is an offshore mooring and charging station with a zero-emission power source fed from wind turbines. 'Initially…
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