A global energy conference devoted to future technologies and low-carbon strategies kicked off in Houston on Monday with top executives from energy companies affirming the need for more oil for decades to come.The World Petroleum Conference's…
Oilfield services firm Halliburton on Monday warned the world is headed for a period of energy scarcity following years of underinvestment in bringing more fossil fuels to market.'For the first time in a long time, we will see a buyer looking for a barrel of oil…
The Nippon Foundation signed a Memorandum of Understanding (MoU) with the offshore technology development consortium DeepStar to establish a joint research and development program focused on decarbonization in offshore oil and gas, with a focus on renewable energy and the environment…
The UK Oil and Gas Authority on Monday said three winners would share a £1 million (~$1,32 million) prize for ideas that could help cut greenhouse gas emissions by moving forward the drive to electrify platforms in the North Sea.The decarbonization…
Saudi Arabian national oil company Saudi Aramco has awarded a contract extension to Australian engineering firm Worley’s services for support on Saudi Aramco’s offshore facilitiesUnder the contracts, Worley will continue to provide project management…
Malaysia-based energy industry services firm T7 Global has secured three letters of appointment and award worth a combined value of approximately RM300 million (~$70,9 million) under its energy division for operations and maintenance (“O&M”) segment and specialist products segment…
FAR, an Australian oil and gas company that began drilling at the Bambo-1 exploratory well in Block A2 off the coast of The Gambia last month, said Monday the well had encountered oil traces but would have to be plugged and side-tracked after…
Oslo-listed company Carbon Transition has appointed Nils Haugestad as interim CEO as of December 6, 2021. Haugestad will also remain in his position as CFO of the company.Haugestad has been with the company since April 2020, having joined from…
Up until a few days ago, the leadership of British North Sea producer Siccar Point was negotiating the sale of a stake in the promising Cambo oil development to another private equity-backed company, NEO, sources told Reuters.But on Thursday Royal Dutch Shell…
Oslo-listed firm Carbon Transition said Friday it had entered into a new multi-client seismic data licensing contract with an undisclosed customer.'Under the contract, the customer will license certain data from Carbon Transition’s Utsira multi…
3i Infrastructure has agreed to acquire AMP Capital's stake in the Danish offshore vessel owner ESVAGT.The deal will result in 3i Infrastructure owning a 100% of the equity in ESVAGT. 'This further investment is expected to be £268 million.…
Turkey on Thursday accused Cyprus of violating its continental shelf by awarding an exploration license in the Mediterranean to Exxon Mobil and Qatar Petroleum, adding it will not allow unauthorized exploration in its jurisdiction.For decades…
Some 300 UK North Sea workers working for Ponticelli UK and Semco Maritime, serving TotalEnergies' UK North Sea platforms, will take industrial action starting Monday, December 6, following a dispute over cuts to terms & conditions, workers' union Unite said…
Classification society DNV has completed a concept verification and technical & commercial assessment of GustoMSC’s floating offshore wind turbine foundation Tri-Floater, confirming the technical feasibility and compliance with the relevant design standards…
Japanese shipping giant Mitsui O.S.K. Lines (MOL) has partnered up with Scotland-based floating wind specialist Flotation Energy to jointly evaluate offshore wind development opportunities in Japan. The agreement builds on the 2GW portfolio…
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