Norway's HitecVision said on Friday it has sold a 6.3% stake in oil and gas group Vaar Energi VAR.OL for 4.56 billion Norwegian crowns ($423 million), reducing its ownership in the company to 14.4%.The sale at 29 crowns per share came at a 9…
An Australian union alliance on Friday called off strikes at Chevron's two major local liquefied natural gas (LNG) projects, agreeing to resolve disputes that had threatened to disrupt around 7% of global LNG supplies.The union alliance and…
Chevron said on Thursday it had accepted recommendations from Australia's labor regulator to end its dispute with unions at its liquefied natural gas (LNG) facilities in Western Australia.The Fair Work Commission of Australia, which has the power to impose a settlement…
Norwegian oil and gas company Equinor has submitted declarations of commerciality and plans of development for two fields in the BM-C-33 concession in the Campos Basin, offshore BrazilEquinor is the operator of the BM-C-33 offshore concession with a 35% stake…
Offshore installation and construction services company McDermott has been awarded a transportation and installation contract by PRIO (former PetroRio) for the Wahoo field, offshore Brazil.Under the scope of the contract, of an undisclosed value…
U.S. Gulf of Mexico-focused oil and gas company W&T Offshore said Thursday it had wrapped up the acquisition of interests in eight shallow water oil and gas producing assets from an undisclosed private seller.The offshore fields are located…
Shell has started the construction of the onshore plant for the Rosmari-Marjoram project with a ground-breaking event in Bintulu.The ceremony, held Thursday, was officiated by the Premier of Sarawak, Yang Amat Berhormat Datuk Patinggi Tan Sri…
Norway's natural gas output fell in August from July and lagged an official forecast, while crude oil exceeded expectations, the Norwegian Petroleum Directorate (NPD) said on Thursday. Natural gas production in August fell to 311.3 million cubic meters (mcm) per day from 322…
The head of Canadian operations for oil producer Equinor said on Tuesday he is more optimistic the Norwegian company will proceed with its Bay du Nord offshore project, four months after delaying the project for up to three years due to soaring costs…
Fresh talks between Chevron and unions over strikes at two liquefied natural gas (LNG) facilities in Western Australia ended on Wednesday without a deal, a Chevron spokesperson said, leaving it up to a workplace tribunal to map a way forward…
The Portuguese cluster Forum Oceano and Norwegian Offshore Wind have signed a Memorandum of Understanding (MoU) to strengthen collaboration between the supply chains in the two countries.The MoU aims to lay the ground work for new contracts between companies from the two countries…
The Swedish investigation into the sabotage last year of the Nord Stream pipelines is at a sensitive stage and the prosecutor hopes to decide whether to bring any charges before the end of this year, he told Reuters on Wednesday.In September 2022…
Ithaca Energy's Executive Chair Gilad Myerson said on Wednesday that there was a 'very high likelihood' that Britain's Rosebank oil field development would be approved by authorities, Reuters has reported. A formal sanctioning of the project could take place by the end of the year…
Brazilian oil and gas company Enauta, the operator of the Atlanta field in Santos Basin. offshore Brazil, has started the anchoring campaign for the FPSO Atlanta, which is expected to start production in 2024.This marks the start of installation works on what is called Atlanta’s Phase I…
Carbonvert and Castex Energy announced on Tuesday the execution of an operating agreement with the State of Louisiana to develop a 24,000 acre tract of land situated in state waters, offshore Cameron Parish, to permanently store carbon dioxide (“CO2”)…
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