Liquefied natural gas (LNG) demand growth in Asia will slow down next year as the economic recovery stagnates and the capacity of competing fuels nuclear and coal expand in Japan and South Korea, research consultancy Wood Mackenzie said on Thursday…
A tiny hedge fund dealt a major blow to Exxon Mobil Corp on Wednesday, unseating at least two board members in a bid to force the company's leadership to reckon with the risk of failing to adjust its business strategy to match global efforts to combat climate change…
Denmark-based offshore wind developer Ørsted has signed a memorandum of understanding with South Korea's Posco to collaborate in the space of offshore wind and renewable hydrogen.Under the agreement, Posco will support the development of Ørsted's 1…
Floatel International, a company providing offshore accommodation services to the international oil and gas industry, has won its first offshore wind assignment.'The company is proud and honored to announce that the Group has been awarded its first offshore wind farm contract…
Dutch offshore survey firm Fugro has won a contract renewal with the U.S. offshore wind developer Atlantic Shores Offshore Wind.The contract is for the provision of real-time wind and metocean measurements off the coast of New Jersey in the U…
Norwegian marine seismic surveyor PGS has said it has won a 'significant' seismic data acquisition contract in the Black Sea. The project is scheduled to start in mid-August 2021 and be completed in November. The customer will have the opportunity to extend the contract…
Philippe Kavafyan, the former CEO of offshore wind turbine manufacturer MHI Vestas Offshore Wind, has been appointed Chief Executive Officer of the recently established Norwegian offshore wind developer Aker Offshore Wind.Aker Offshore Wind…
French oil and gas group Total and U.S. energy company Chevron have suspended some payments from a gas joint venture that would have reached Myanmar's junta, earning praise from pro-democracy activists for taking an important first step.International…
Indonesia offshore vessel operator Wintermar has secured five-year contracts for two of its offshore support vessels with an unnamed multinational oil and gas firm in Indonesia.Under the contracts, the two Anchor Handling Tug Supply vessels…
Danish offshore drilling firm Maersk Drilling has won further work for its Maersk Intrepid jack-up rig with Equinor in Norway.Namely, Equinor has exercised an option to add well intervention work at the Martin Linge field offshore Norway to…
Abu Dhabi National Oil Company (ADNOC) said it raised $1.64 billion by issuing exchangeable bonds and additional shares to investors in its listed retail unit ADNOC Distribution on Wednesday.It issued about $1.2 billion in senior unsecured bonds due in 2024…
Spanish shipbuilder GONDAN said Wednesday that its yard in Figueras launched a new commissioning service operation vessel (CSOV) for Norwegian shipowner Edda Wind AS. The newbuild is the first in a series of four CSOVs scheduled for delivery from 2022…
The Nigerian National Petroleum Corp renewed Oil Mining Lease 118 [Bonga] with the local subsidiaries of Shell, Total, Exxon, and Eni for another 20 years, the West African country’s state oil firm said in a statement on Tuesday.The deal signals…
Norwegian oil firm Equinor has awarded offshore drilling company Odfjell Drilling a contract for Deepsea Stavanger semi-submersible drilling rig, adding to the previously awarded deals for two other Odfjell Drilling rigs.The contract for the…
Horisont Energi, a Norwegian carbon capture technology firm, said on Wednesday that it had wrapped up a feasibility phase of the Barents Blue project, laying the groundwork for what it claims will be Europe's first large-scale carbon-neutral ammonia plant with offshore carbon storage…
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