U.S. oil major Chevron's CEO Michael Wirth was paid $26.5 million in 2023, a 12.2% boost from the prior year and above the median pay raise for employees, a securities filing showed on Wednesday.The numbers show an increased gap between compensation for executives and Chevron's 45…
Global investors are increasingly moving away from the renewable energy sector funds this year due to concerns over the sector's growth prospects and uncertainty over policies in a U.S. election year, fund data show.Renewable energy sector funds witnessed steady inflows in the past few years…
The EU will investigate subsidies received by Chinese suppliers of wind turbines destined for Europe, in the bloc's latest move to shield domestic firms from cheap clean tech products.The European Commission will look into conditions for the development of wind parks in Spain…
Shipowner and shipping fund manager Pelagic Partners announced it has teamed up with asset management firm Borealis Maritime to invest in a pair of platform supply vessels (PSV).Built in 2021, the 89-meter Aurora Coey – formerly Viking Coey…
Russian Deputy Prime Minister Alexander Novak met heads of local oil companies on Wednesday, instructing them to maximiae gasoline and diesel supply to the domestic market, according to a statement posted on the government's Telegram channel…
Scientists at Sandia National Laboratories are using computer simulations and laboratory experiments to see if depleted oil and natural gas reservoirs can be used for storing this carbon-free fuel.Hydrogen is an important clean fuel: It can be made by splitting water using solar or wind power…
Bourbon Mobility on Tuesday announced it has ordered six new crewboats from shipbuilder PIRIOU for scheduled delivery in 2025.These new Surfer-type vessels will enhance the fleet operating in West Africa, offering customers a balance between modularity…
Subsea specialist Sulmara has delivered offshore geophysical survey for Bayou Bend carbon capture and storage (CCS) project in the United States, being developed by joint venture owned by Chevron, Talos Energy and Equinor.Bayou Bend CCS joint…
Norwegian offshore energy industry services company Axess Technologies has signed a contract for the delivery of an export cable pull-in system to Seatrium, which is in charge of the construction of offshore substation for Empire Wind 1 offshore wind project in the United States…
Global Energy Storage (GES) and Provaris Energy have entered a collaboration agreement to develop a gaseous hydrogen import facility at the GES terminal in Rotterdam.Under the collaboration, GES and Provaris will complete a comprehensive prefeasibility…
Oil company LLOG has approved the drilling of Who Dat East and Who Dat South appraisal and exploration wells in the U.S. Gulf of Mexico.Who Dat East lies approximately 27 kilometers east of the Who Dat Floating Production System (FPS).The Who Dat East well…
Offshore drilling contractor Borr Drilling has secured work for three of its premium jack-up rigs, bringing in $158.6 million to the company.The new contracts are for the Prospector 1, Gunnlod, and a rig to be determined. The commitments total 820 days and $158…
BP is close to an agreement to sell some of its Trinidad and Tobago oil and gas assets to Anglo-French oil company Perenco, according to three people familiar with the talks.BP is Trinidad and Tobago's largest natural gas producer with an output of just over 1…
Lockport, La. based Bordelon Marine announced it has renewed the charter agreement with Oceaneering International for the Brandon Bordelon; 260-foot-long DP2 Jones Act compliant ultra-light intervention vessel for an additional two-year firm term plus one-year additional option…
At least one contractor was killed after a fire struck an offshore platform operated by Mexico's national oil company Pemex, the firm said in a statement on Sunday, adding that two others were in 'grave' condition.A total of nine workers suffered…
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