Abu Dhabi National Oil Company (ADNOC) has signed a Sales and Purchase Agreement (SPA) with Osaka Gas, one of Japan’s largest utility companies, for the supply of up to 0.8 million tonnes per annum (mtpa) of liquefied natural gas (LNG) from its lower-carbon Ruwais LNG project…
U.S. President Donald Trump on Wednesday said he was reversing a license given to Chevron to operate in Venezuela by his predecessor Joe Biden more than two years ago, accusing President Nicolas Maduro of not making progress on electoral reforms and migrant returns…
Eni and Petronas have signed an exclusive memorandum of understanding (MoU) to progress detailed discussions on establishing a joint venture holding company to oversee selected upstream assets in Indonesia and Malaysia.Both companies believe…
Cyprus's Energy Minister, George Papanastasiou, said on Thursday that Abu Dhabi's TAQA is interested in investing in and supporting the delivery of an electricity connection project the country is developing.The project is the Great Sea Interconnector…
Talos Energy has announced its fourth quarter and year-end 2024 financial results, reporting a net loss of $64.5 million for the quarter and $76.4 million for the year.Production for the year was 92.6 MBoe/d (71% oil, 80% liquids).Talos Interim CEO…
Seadrill has announced its fourth quarter and full year 2024 results, highlighting a net income of $446 million and Adjusted EBITDA of $378 million in 2024.However, fourth quarter 2024 operating revenues totaled $289 million, compared to $354 million in the prior quarter…
TDI-Brooks reportst that it 'effectively and safely' carried out a third-party geotechnical coring project for Geohidra. This operation was conducted from the DRAGON Field to the HIBISCUS platform off the coast of Venezuela and Trinidad aboard the DONA JOSE II (DJII)…
Havila Shipping ASA announces its Q4 2024 financial results, highlighting steady freight revenues, strong fleet utilization, and the successful completion of a major debt restructuring.Key Financial Highlights (Q4 2024):Freight revenues: NOK 148…
Digital shale shaker surveillance technology DrillDocs, working with Aker BP, has employed its AI-enabled computer vision technology to automatically detect cavings on the Norwegian continental shelf (NCS) for the first time.DrillDocs’ CleanSight…
BP slashed planned investment in renewable energy and said on Wednesday it would increase annual oil and gas spending to $10 billion, in a major strategy shift aimed at boosting earnings and shareholder returns.The oil major cut planned annual…
The UK’s National Oceanography Centre (NOC) has delivered a roadmap to guide the observation of ocean to increase the understanding of the potential impacts of expanding offshore wind developments on the marine environment.The Scoping an Offshore…
North Star and its shipbuilding partner Cochin Shipyard have cut first steel on EnBW’s new hybrid-electric service operations vessel (SOV), which is on decade-long minimum charter to service the He Dreiht wind farm off the coast of Germany from the end of 2026…
Malaysia-based offshore services firm Sapura Energy, through its drilling arm Sapura Drilling, has secured multiple contracts for drilling-related services with oil and gas companies, worth over $720 million.Sapura Drilling won two contracts…
Germany-based electrical connection technology supplier Pfisterer has secured a contract from Siemens Energy to provide turnkey cable systems for the BorWin4 and DolWin4 offshore grid connections.The two platforms will enable the transmission of offshore wind energy to the German mainland…
Navantia UK, a subsidiary of Spanish shipbuilder Navantia, has secured a contract from McDermott Trinidad for the manufacture of subsea structures for a project in Trinidad and Tobago.The year-long contract will see the company deliver critical subsea components from its Arnish facility…
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