Mexico's oil regulator on Thursday approved exploration plans for four deepwater areas operated by Royal Dutch Shell, after it gave the green light to five others earlier this week, committing the oil major to invest at least $791 million.The…
Australia's fast-expanding liquefied natural gas industry has this year been supplying the lion's share of China's growing demand for imports of the commodity, with appetite surging as Beijing shifts away from dirtier fuels such as coal.Australia…
Norway has approved Equinor's project to boost oil recovery from the Gullfaks field in the North Sea by 17 million barrels, the energy ministry said on Friday.The project, which aims to produce oil from the Shetland/Lista dense lime reservoir located above the field's main reservoir…
Ole Martin Grimsrud has been appointed Chief Financial Officer of Aker Solutions, effective August 1, 2019. He replaces Svein Oskar Stoknes, who is taking over as CFO of Aker on the same day.Grimsrud joined Aker Solutions in 2012 as Vice President…
Greenpeace activists climbed back on a drilling rig on Friday to keep it from heading to a BP oilfield in the British North Sea, hours after police removed protesters who had boarded the vessel days earlier.On Thursday night police removed and…
Maersk Drilling announced Friday that CNOOC has exercised a one-well option for the Maersk Innovator jack-up rig to continue infill drilling at the Buzzard field on the UK continental shelf.The option, from the Chinese oil firm's CNOOC Petroleum Europe subsidiary…
Svein Oskar Stoknes has been appointed Chief Financial Officer (CFO) of Norwegian industrial investment company Aker, effective August 1, 2019.Stoknes, who has worked at Aker Solutions since 2007 and was named CFO in September 2014, replaces Frank O…
Ivory Coast is expected to finalize the licensing procedures for six oil blocks this month with the outcome likely to boost the West African country’s drive to attract increased investment in its upstream activities and enable it double output by 2020 in line with the National Development Plan…
Deepsea Yantai, a newbuild semi-submersible drilling rig destined for operations in Norway, has been launched in China.On June 12, the naming ceremony for the semi-submersible drilling rig, designed and built by CIMC Raffles, was held in Yantai Yard…
ION Geophysical Corporation, a technology focused company that provides geophysical technology, services and solutions to the global oil and gas industry, has announced an expansion to the company's 2D multi-client programme offshore Newfoundland…
Swedish energy company Vattenfall has issued a EUR500mln green bond, its first such issuance, with the proceeds earmarked for a number of projects, including renewables.The bond with a tenor of seven years is offering investors the chance to “support the transformation of the energy system”…
France has boosted its offshore wind power target to 1 GW per year until 2028 totalling 10 GW, double an initial target of 4.7 GW over the next decade, prime minister Edouard Phillippe said.Referring to a 500 MW wind power tender the country…
The National Ocean Industries Association (NOIA) announced the support for the Offshore Wind Jobs and Opportunities Act.NOIA President Randall Luthi submitted a letter in support Offshore Wind Jobs and Opportunities Act, ahead of House Natural…
According to the International Renewable Energy Agency (IRENA) eleven million people were employed in renewable energy worldwide in 2018. This compares with 10.3 million in 2017.As more and more countries manufacture, trade and install renewable energy technologies…
Two Greenpeace activists who were occupying an oil rig have been removed from the structure and arrested.Officers boarded the Transocean rig in the Cromarty Firth, which was contracted by BP for drilling operations in the UK North Sea, at around…
Subscribe
