Offshore wind developer Ørsted has named Troy Patton as COO of its Offshore North American region, filling a post that has been vacant since David Hardy was designated CEO in October of 2020.'Patton has many years of leadership experience in the renewable energy industry…
Malaysian oil and gas company Hibiscus Petroleum has confirmed it has agreed to buy Repsol’s interest in oil and gas assets in Malaysia and Vietnam for $212.5 million.The announcement comes after Repsol earlier this week announced the sale to Hibiscus…
Denmark-based Aegir Insights, an offshore wind investment analytics company, has announced a partnership with Shell, where Aegir Insights will provide data-driven analytics and intelligence to help Shell's offshore wind business development…
McDermott International has this week said it has completed work on Reliance Industries Limited KG-D6 Satellite Cluster Project, off the east coast of India, dubbing the project a historic one, involving 'many firsts.''McDermott's work on the…
U.S. oil company Talos Energy on Thursday said its drilling operation at the Gulf of Mexico Tornado 3 well was a success.The company said its Tornado 3 sidetrack well ('Tornado Attic' well) successfully discovered pay in-line with pre-drill expectations…
Italian energy services firm Saipem has agreed to acquire the floating wind business of the French company Naval Energies, a subsidiary of Naval Group.The business consists of Naval Energies' engineering know-how on floating units, intellectual property rights…
Offshore accommodation rig provider Prosafe said Friday it had received support from lenders of its affiliated companies Prosafe SE and Prosafe Rigs Pte. Ltd. on debt restructuring proposal.'The company has received acknowledgment of credit…
Oil rose towards $72 a barrel on Friday, trading close to a two-year high as OPEC+ supply discipline and recovering demand countered concerns about patchy COVID-19 vaccination rollout around the globe.The Organization of the Petroleum Exporting…
Russian energy companies Novatek and Gazprom Neft on Friday created an exploration and production joint venture which will focus on work in the East Siberian Sea and the Chukchi Sea.As part of the agreement, Novatek acquired a 49% participation interest in OOO Gazpromneft Sakhalin…
Hurricane Energy plc, an oil and gas company that produces oil from the Lancaster field off the UK, is facing business wind-down unless it agrees a shorter charter extension for the Aoka Mizu FPSO than originally agreed.The company, which started…
Offshore seismic surveyor Shearwater GeoServices has kicked off the second phase of ION Geophysical’s 11,000 sqkm UK Mid North Sea High 3D seismic survey program using the Oceanic Vega vessel.'The Mid North Sea High’s proximity to shore and…
Exxon Mobil has relinquished its 80% interest in Ghana’s Deepwater Cape Three Points offshore block, a spokesman told Reuters on Thursday.“Exxon Mobil is prioritizing near-term capital spend on the most advantaged assets with the lowest cost…
Several oil companies are challenging Fieldwood Energy’s proposed reorganization plan, saying it does not appropriately address its environmental obligations.The oil companies, which include Shell Offshore, BP Exploration & Production, ConocoPhillips Company and Marathon Oil Company…
Equinor has awarded Ocean Infinity's MMT a contract for export cable route surveys for the ‘Beacon Wind’ offshore wind farm in the U.S.MMT is performing a combination of geophysical, geotechnical, environmental, and benthic surveys along the export route of Beacon Wind sites 1 and 2…
Exxon Mobil's newly elected board member Kaisa Hietala says her work at Finnish refiner and biofuel producer Neste makes her more than just a champion of biofuels, she also has experience transforming a business.Tiny hedge fund Engine No. 1…
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