Hess said on Tuesday that a pre-emption provision does not apply to its proposed $53-billion buyout by Chevron and it remains 'fully committed' to the deal.On Monday, Exxon Mobil said it may pre-empt Chevron's acquisition of a 30% stake in a giant Guyana oil block…
Mexico's Pemex reversed losses in the last three months of 2023 but its overall debt burden remained the highest of any oil company in the world, with billions of dollars due to bond holders and service providers.The state-run company posted a profit of 106…
Gulf Island Fabrication, a steel fabricator and service provider to the industrial and energy sectors, announced on Tuesday it has completed the sale of excess property that was part of the company’s facilities located in Houma, La.Gulf Island…
The floating production storage and offloading (FPSO) unit Marechal Duque De Caxias has set sail from China to its deployment site at Mero field, in Santos Basin, offshore Brazil.The Marechal Duque De Caxias FPSO set sail from China on February 24…
U.S.-based oil and gas services firm Helix Energy Solutions has been awarded a deepwater well intervention contract award by Esso Exploration and Production Nigeria (Esso) at Erha and Usan fields, offshore Nigeria.The project is expected to…
The first LNG cargo from Eni's Congo LNG project is currently being loaded and will sail to Piombino’s regasification terminal in Italy in the coming days.With the first cargo, the Republic of the Congo enters the group of LNG exporting countries…
Digital solutions are accelerating the progress required to ensure CCS earns its place in climate change mitigation history.Carbon capture has been around since the 90s, but the behavior of CO2 in pipelines is still not that well understood…
Saudi oil giant Aramco has signed 40 corporate procurement agreements worth $6 billion with suppliers in the Kingdom of Saudi Arabia.The agreements aim to advance localization program, strengthen domestic supply chain, and contribute to the…
NYK has secured certification from ClassNK for Japan’s first training program for crew members of offshore wind industry crew transfer vessels (CTVs).The training is scheduled to be conducted at the Akita School of Wind and Sea training center in Oga City…
Swedish developer CorPower Ocean has completed the first cycle of ocean commissioning program of its C4 wave energy device offshore Portugal, verifying all key aspects of the system and marking a ‘crucial milestone’ for the wider wave energy sector…
The Norwegian authorities have approved the start-up of production on the Hanz accumulation on the Ivar Aasen field in the North Sea.The development solution involves reusing the subsea installations on the Jette field, which was shut down in 2016…
BP has started production from the East North flank of the Shah Deniz field in Azerbaijan, which is one of the largest gas-condensate fields in the world and the largest gas discovery ever made by BP.The East North flank, part of Shah Deniz 2 development…
The U.S. Bureau of Ocean Energy Management (BOEM) has completed the environmental review of the proposed 2.6 GW New England Wind project offshore Massachusetts, being proposed by Avangrid’s unit Park City Wind.BOEM estimates the proposed project would generate up to 2…
Shell Nigeria Exploration and Production Company (SNEPCo) has performed the first remotely controlled well completion operation at Bonga field, offshore Nigeria.The operation was conducted at the Bonga field, in 1,060 meters water depth. The…
Offshore drilling contractor Noble Corporation has secured a one-well contract with Norwegian oil and gas company DNO Norge for its ultra-harsh environment jack-up rig Noble Invincible.DNO Norge will use the Noble Invincible rig to drill an exploration well on PL1086 license…
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