Oil and gas company Neptune Energy said Friday it had made a new commercial discovery at the Ofelia exploration well, near the Gjøa field in the Norwegian part of the North Sea. The plan is to develop the discovery as a tie-back to the Gjøa platform…
Australia will have to invest in renewable energy and carbon capture and storage at unprecedented speed and scale in order for the economy to achieve net zero carbon emissions by 2050, modeling released on Thursday showed.The Net Zero Australia…
Ever since Exxon Mobil found vast deposits of oil off Guyana's coastline in 2015, government leaders have pledged that black gold would transform the fortunes of one of South America's poorest countries.This year alone, the economy should grow 48%…
Offshore wind developer SSE Renewables said Thursday that its new offshore wind farm project in Scotland would be named after 'a historic series of books that depict the epic quests of a third-century Scottish leader, following his adventures across rolling seas…
Abu Dhabi-based ADNOC Drilling said Wednesday it had agreed to acquire a premium offshore jack-up drilling rig.The company said it had signed a sale and purchase agreement (“SPA”) with an unnamed counterpart to acquire an additional premium offshore jack-up drilling unit for $70 million…
Marine engineering consultancy BAR Technologies on Wednesday held the official launch of its first BARTech 30 crew transfer vessel (CTV) from its premises on The Camber, Portsmouth, UK.BAR Technologies, Chair, Martin Whitmarsh - also Chair of…
CessCon Decom, a Scotland-based firm specializing in decommissioning of oil and gas structures, plans to launch a decommissioning hub at the Port of Aberdeen’s £400 million South Harbour expansion in Q3 2022, creating up to 50 new jobs.The…
Alpha Petroleum Resources Limited and Energean have signed a Memorandum of Understanding (MoU) with offshore wind developer Orsted to explore the potential repurposing of the Wenlock gas platform in the Southern North Sea. According to the companies…
Four major oil companies have agreed to end U.S. lawsuits that together sought to enforce multi-billion dollar arbitration awards against Nigeria's state-owned oil company, after reaching new deepwater oil production sharing agreements.Two federal judges on Aug…
Tension over giant turbines that Moscow blames for the reduction of flows via the Nord Stream 1 gas pipeline has put the focus on the equipment it needs to operate.The crucial part is a Siemens Energy turbine that is 12 meters long, weighs 20 tonnes…
Oil companies in Norway must increase their exploration activity in remote regions like the Arctic Barents Sea for the country to find the remaining reserves of oil and gas beneath its oceans, the Norwegian Petroleum Directorate said on Thursday…
Belgium-based offshore installation company DEME Offshore and Norway-based offshore services firm Havfram have signed a memorandum of understanding to jointly offer construction services to the offshore wind farm sector in Norway. 'Both DEME…
Military-ruled Myanmar earned $800 million from natural gas exports mainly to China and Thailand, between April and July, the junta said in the state newspaper on Thursday.The country has been embroiled in chaos since the military overthrew…
Harbour Energy, the UK North Sea's biggest oil and gas producer, increased a share buyback program by 50% to $300 million on Thursday as it reported first-half free cash flow of $1.4 billion.Harbour, which is set to produce just over 200,000…
East Timor is confident the Australian government will support plans for gas from the massive Greater Sunrise offshore field to be processed in Timor rather than Darwin, the country's petroleum authority head said on Thursday.Greater Sunrise…
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