Australian oil and gas company FAR Limited said Thursday it had given notice of termination to Managing Director Catherine Norman. She has also resigned as a director of the company.Norman, a professional geophysicist with over 30 years’ experience…
Japanese firm Mitsui & Co has agreed to invest EUR 575 million in Mainstream Renewable Power in the form of new common shares, corresponding to a 27.5 percent equity stake in the Mainstream, in a move that Mainstream says will pave way for the company to become 'a global renewable energy major…
TenneT's investigation has shown that there is no major damage to the HKZ Beta jacket in the Dutch North Sea which was hit by a drifting bulk carrier in a storm in January. This means that the 3,950t topside can be installed on the jacket as planned…
Dutch offshore gangway specialist Ampelmann said Thursday it had secured a contract to support maintenance work on a floating production storage and offloading unit (FPSO) in Ivory Coast.'An A-type motion compensated gangway has been fitted to MMA Offshore’s DP2 vessel…
Shell will invest up to 25 billion pounds ($33 billion) into the energy system in Britain over the next decade, a senior executive at the oil major said, and over 75% of which will be funneled into zero-carbon products and services.Shell plans…
Hungarian oil and gas company MOL has signed a deal to sell its entire upstream portfolio in the UK North Sea to Waldorf Production.The divested offshore assets include MOL’s 20% stake in the Catcher field, a 50% stake in Scolty & Crathes, and a 21…
Oil major Shell has received regulatory approval for the removal of the Petrojarl Knarr FPSO and seabed structures on the Knarr field, offshore Norway.Discovered in 2008, Knarr is a field in the northern part of the North Sea, 50 kilometers northeast of the Snorre field…
Italy is looking to install two floating storage and regasification units (FSRU) to boost liquefied natural gas (LNG) imports as part of plans to cut reliance on Russian gas, Italy's energy transition minister said on Tuesday.'Today we officially…
Oil and gas company VAALCO Energy has hired DOF Subsea to perform subsea construction and installation services offshore Gabon, where the company operates the Etame field.The contract is for the support of the subsea reconfiguration associated…
Britain froze the assets of Russia's Gazprombank and Alfa Bank, and the state-run shipping firm Sovcomflot FLOT.MM, in its latest round of sanctions announced on Thursday.They were among 59 individuals and entities added to the sanctions list…
British North Sea-focused oil producer EnQuest on Thursday reported its highest free cashflow in 2021 of $397 million, almost double the previous year, thanks to higher oil prices.EnQuest, with a market capitalization of $730 million, reduced its net debt by the end of last month to $1…
Australian oil and gas company Woodside has awarded subsea services firm DOF Subsea Australia a contract for subsea services and the retrieval of subsea Xmas trees from the Enfield field, offshore Australia.DOF said that the project would involve the recovery of 18 Subsea XTrees…
Britain's new energy security strategy will look to expand domestic nuclear and offshore wind capacity to bolster the country's energy independence and bring down the cost of living in the future, Prime Minister Boris Johnson said on Thursday…
French offshore seismic surveyor CGG has secured a two-part Ocean Bottom Node (OBN) seismic imaging project by PXGEOover the Sapinhoá Shared Reservoir in the Santos Basin offshore Brazil.'The resulting data will bring improved geological insight to the asset operator…
A group of Indigenous Australians has gone to court in South Korea seeking to block the country's export credit agencies from funding a deep-sea gas pipeline for the $3.6 billion Barossa gas project off northern Australia.People from the Tiwi…
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