A state actor's involvement in the blast of the Nord Stream pipelines last year is the 'absolute main scenario', though confirming identity will prove difficult, the Swedish prosecutor investigating the attack said on Thursday.In September 2022, several unexplained underwater explosions ruptured the Nord Stream 1 and newly-built Nord Stream 2 pipelines that link Russia and Germany across the Baltic Sea…
Windfall taxes mean oil and gas producers in the British North Sea will likely leave 500 million barrels of oil equivalent in the ground over the next decade, the equivalent of one year's output in the aging basin, industry group OEUK said on Tuesday…
French oil and gas services provider Technip Energies announced on Thursday lower annual revenue and guidance for 2023, citing the impact of its exit from a major LNG project in Russia. While the project withdrawal had no financial impact on the company in 2022…
Offshore Energies UK, a body representing the UK's offshore energy industry, has called for the government to help rebuild investment confidence following tax hikes that have forced the UK's biggest oil and gas producer in the North Sea, to start planning job cuts…
Inmarsat, a mobile satellite communications services provider, will roll out an Internet-of-Things (IoT) solution to more than 60 of Saudi-based Zamil Offshore's vessels in the Gulf area.The solution - powered by Fleet Connect and Fleet Data…
Sue McCarrey has been appointed Chief Executive Officer (CEO) of Australia's National Offshore Petroleum Safety and Environmental Management Authority (NOPSEMA) for a three-year term from February 2023.To join NOPSEMA, McCarrey will leave her…
Exxon Mobil Corp said on Monday that it left Russia completely after President Vladimir Putin expropriated its properties following seven months of discussions over an orderly transfer of its 30% stake in a major oil project. Exxon did not say if it received any compensation for the assets…
Norwegian oil and gas company Equinor has received regulatory consent for the prolonged use of the Floatel Superior semi-submersible accommodation rig at the Grane field in the North Sea, offshore Norway.The Petroleum Safety Authority said that that it had granted its consent…
U.S. engineering firm Schlumberger and Norway's Aker Solutions plan to merge their subsea oil and gas construction business and to bring in a third rival, Oslo-listed Subsea 7, as a partner, the firms said on Tuesday.Aker Solutions will receive…
Teekay Corporation has found a new home for its Sevan Hummingbird FPSO following its recent departure from the Chestnut field in the UK North Sea, after 13 years of production there for Centrica's Spirit Energy. The cylindrical FPSO has been…
Norway's minority government will remove three Arctic oil exploration blocks from its licensing round as part of a deal with the opposition to secure backing for its 2022 budget.The Norwegian oil industry lobby said it was disappointed by the…
Colombia's leftist firebrand presidential candidate Gustavo Petro is too close in recent polls for the comfort of oil companies and miners who worry that his promised policies would imperil Colombia's economy and energy self-sufficiency, high-ranking industry figures and business associations said…
All the necessary approvals have been granted for the proposed merger between the Norwegian oil firm Aker BP and Sweden-based Lundin Energy's oil and exploration and production business. Aker BP said in December 2021 it had agreed to acquire Lundin Energy's oil and gas business…
Norway's Aker BP has won permission to increase gas exports from its Skarv field, the country's energy ministry said on Monday, enabling the company to take advantage of high gas prices that now exceed the price of oil.Until now, Aker BP has…
The Guanabara FPSO has arrived at the Mero field in the Santos Basin, offshore Brazil, the Brazilian state-run oil company Petrobras has informed.The FPSO, also known as Mero 1, will be the first 'definitive' oil production system at the Mero field…
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