ExxonMobil Corp on Friday received approval to begin work on its fourth offshore oil project in Guyana from the South American country's Environmental Protection Agency.The permit will allow Exxon to begin construction and operation of its Yellowtail project…
Offshore accommodation rig owner Prosafe said Thursday that Stig H. Christiansen, DCEO & CFO tendered his resignation as deputy CEO & CFO of Prosafe in order to pursue an alternative career opportunity.Prosafe, which owns a fleet of semi-submersible accommodation rigs…
Danish offshore wind farm developer Ørsted has installed the first wind turbine at its Greater Changhua 2a offshore wind farm in Taiwan.The wind farm is part of the 900 MW Greater Changhua 1 & 2a project. Ørsted announced the milestone via social media…
London-listed oil and gas company Ithaca Energy said Thursday it had agreed to acquire Summit Exploration and Production Limited, a UK North Sea-focused oil company and a subsidiary of Japan's Sumitomo.In the announcement of its financial results…
Norway's $1.3 trillion wealth fund, the world's largest, should push the 9,300 companies it invests in worldwide to adopt net-zero targets, the finance ministry proposed on Friday.The move comes after a government-appointed commission said in…
Offshore renewables company RWE Renewables has this week seen the 1,400-tonne Kaskasi offshore wind farm substation topside installed onto the monopile foundation, off Germany.The 342-megawatt Kaskasi offshore wind project is being built 35 kilometers north of the island of Heligoland…
U.S. energy company New Fortress Energy Inc said on Thursday it filed with federal regulators to build an offshore liquefied natural gas (LNG) export project off Louisiana that could enter service as soon as the first quarter of 2023.That is…
Hundreds of climate change protesters blocked oil terminals across Britain on Friday with some supporters climbing on top of oil tankers as part of their campaign to force the government to end its reliance on fossil fuels.Extinction Rebellion…
Mexico's ongoing support for state oil company Petroleos Mexicanos (Pemex) remains a challenge to government finances and the sovereign credit rating, Moody's said on Thursday.Moody's, which gave Mexico a 'Baa1' rating with a negative outlook…
The Australian Government has awarded London-listed oilfield services giant Petrofac a contract for Phase 1 of the decommissioning of the Northern Endeavour FPSO, offshore W. Australia.Northern Endeavour FPSO is currently moored between the…
The hull of the FPSO Prosperity, which will be Guyana's third offshore production unit after the Liza Destiny and Liza Unity, has recently left the dry dock in Singapore, in preparation for topside installation works.The hull arrived in Singapore last year from China where it was built…
Keppel Corp's offshore and marine (O&M) arm and smaller rival Sembcorp Marine are working towards having an agreement over their business unification in place by the end of April, the companies said on Thursday.The companies had first announced…
Madrid-based Ocean Winds, a joint venture between EDPR and ENGIE, has ordered three Vestas wind turbines for its 30 MW Éoliennes Flottantes du Golfe du Lion (EFGL) floating offshore wind pilot project it holds in partnership with the Banque des Territoires in France…
Norwegian oil and gas company OKEA has completed of the acquisition 2.223% working interest (WI) in the Ivar Aasen field from Neptune Energy.OKEA, which has a target of achieving production of 18,500 - 20,000 boe per day in 2022, paid $12 million…
Norwegian energy firm Equinor has awarded offshore installation company Havfram a contract to carry out a transport and installation study on the Firefly floating offshore wind project in South Korea.The Firefly project is an 800MW project and…
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