Africa-focused oil and gas company oil and gas company Afentra has agreed to buy stakes in two offshore blocks in Angola from Azule Energy Angola Production, an Angolan JV company formed in 2022 by Eni and BP.Afentra will acquire a 12% interest in Block 3/05 and a 16% interest in Block 3/05A…
Halliburton Co and Baker Hughes beat analysts' estimates for second-quarter profit on Wednesday on the back of strong demand for oilfield services internationally, even as domestic activity stumbled. While oilfield drilling has seen a resurgence abroad…
Work has begun on a 2.4 billion pound (2.8 billion euro) project to build the first power cable linking Britain and Germany, said NeuConnect Interconnector, which is leading the move to connect two of Europe’s largest energy markets for the first time…
Global oil benchmark Brent hovered above $80 on Wednesday, buoyed by China's pledge to reinvigorate economic growth and expectations that the U.S. Federal Reserve will stop raising interest rates soon.Brent futures rose 38 cents at $80.01 a barrel by 0956 GMT…
A liquefied natural gas (LNG) vessel moored in the Tuscan port of Piombino will be moved off the coast of Vado Ligure and Savona in Italy's northwestern region of Liguria, the president of Liguria said on Tuesday.Italian gas grid operator Snam…
Portugal has increased its ambitions for offshore wind energy and has sharply raised its target for a first auction of offshore floating windfarm licenses, Environment Minister Duarte Cordeiro told Reuters on Tuesday.Cordeiro said the sale, due to take place by the end of the year…
Wellesley Petroleum AS, operator of production license 1148, has concluded the drilling of wildcat wells 35/10-10 S and 35/10-10 A (Carmen prospect), offshore Norway, and has made a gas/condensate discovery, the Norwegian Petroleum Directorate confirmed Tuesday…
Australian No.1 oil and gas producer Woodside Energy said second-quarter sales tumbled due to weaker commodity prices and maintenance work, missing analyst forecasts, although its shares rose as it stuck to longer-term production guidance.Oil…
Brazilian oil and gas company PRIO said Monday it had exceeded the milestone of 100,000 barrels per day of production, with the startup of production of the ODP5 (“F23P3”) well in the Frade field, offshore Brazil.The well has added stabilized initial production of approximately 8…
The Big three oilfield services (OFS) companies will likely report higher profits for the second quarter as resurgent demand in international markets and strong offshore drilling helped counter tepid activity in North America.Baker Hughes, Halliburton…
Offshore installation and decommissioning services firm Allseas has awarded Modern American Recycling Services Europe (‘M.A.R.S.’) a contract for project management and engineering, receipt with load-in assistance, dismantling, and disposal…
Offshore drilling contractor Transocean has secured a 1,080-day contract for one of its high-specification seventh-generation, ultra-deepwater drillships in the Gulf of Mexico, offshore Mexico. The contract will contribute approximately $518 million in backlog…
The lifting of oil and gas in Indonesia between January and June fell below target due to unplanned shutdowns and delays in starting projects, upstream regulator SKK Migas said on Tuesday.Crude oil lifting stood at 615,500 barrels per day (bpd)compared with 660…
Russian oil and gas firm Zarubezhneft plans to sell its stake in Indonesia's Tuna gas project, the upstream regulator said on Tuesday, after its British partner said sanctions were complicating their joint development.Zarubezhneft is partnering British firm Harbour Energy…
The board of the Swedish floating wind technology developer Hexicon has rejected a bid on the company from an unnamed 'European actor.'The bid, which was conditional of the board's recommendation, was set at SEK 1.5 per share, corresponding…
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