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Eni CEO Sees No Major Energy Price Upsets in 2023

May 01, 2023

The CEO of Italian oil and gas company Eni, Claudio Descalzi, has said he does not expect any 'big shocks' on the energy markets this year.'European gas storages are full and, although the global economy has restarted, demand is not at its highest because China has not yet resumed full operations…

African Floating Rig Market Close to Sold Out

May 01, 2023

A noticeable recovery in the West African offshore floating rig market (semisubmersibles and drillships) has been slower to arrive than the other two points of the Golden Triangle – Brazil and the US Gulf of Mexico – but now appears to be well underway…

Managing Offshore Oil & Gas Through Energy Transition

May 01, 2023

Scientists warn that climate change is the greatest peril that humankind has ever faced. Yet oil and gas exploration is set to clock the highest growth for more than a decade this year and next. Protesters cause disruption but, for the moment…

As Oil Output Peaks, US Gulf of Mexico Makes Room for Carbon Capture

May 01, 2023

After nearly a century, oil output in the U.S. Gulf of Mexico is heading towards its peak with new platforms providing a last hurrah as the region becomes a hot spot for burying greenhouse gases.Some companies, including Exxon Mobil Corp, have been dumping assets in the Gulf…

Taiwan’s Port of Taichung Starts Work on Offshore Wind Support Infrastructure

Apr 30, 2023

Officials of the Port of Taichung (TIPC) in Taiwan have held a ground-breaking ceremony for the start of construction on Wharf Nos. 37 and 38 which will provide supporting infrastructure to the nation’s offshore wind industry.When completed…

Brazil Agency Recommends Barring Petrobras from Drilling in Amazon's Mouth

Apr 30, 2023

Brazilian environmental agency Ibama has recommended the rejection of state-run oil firm Petrobras's request to drill a well in the mouth of the Amazon River Basin, documents seen by Reuters showed on Friday.Signed last week by several environmental analysts from Ibama…

BP to Buy Shell's Stake in Australian Browse Gas Project

Apr 30, 2023

BP has agreed to buy rival giant Shell's 27% stake in the Browse joint venture, expanding its holding in Australia's largest untapped gas resource in a move that could improve the development prospects for the long-stalled project.The Browse project…

Floatel Endurance Selected for Skarv Satellites Project Offshore Norway

Apr 28, 2023

Floatel International, a company providing offshore accommodation rigs to oil and gas companies, said Friday it had won a contract with the Norwegian oil company Aker BP.The contract is for modifications and maintenance activities related to the Skarv FPSO unit…

Nigeria's NNPC, Golar LNG Pen MoU for FLNG Unit

Apr 28, 2023

Nigerian oil company NNPC Limited said this week it had signed a Memorandum of Understanding (MoU) with the Norwegian company Golar LNG (GLNG) to build a floating liquified natural gas unit in Nigeria.Mallam Mele Kyari, Group CEO NNPC Limited…

Woodside Directors Re-elected Despite Climate Strategy Concerns

Apr 28, 2023

Woodside Energy Group Ltd's WDS.AX shareholders on Friday supported its management pay report and re-election of directors despite a strong push by activist groups and some smaller investors upset over its climate report to reject the plans…

Chevron Tops Estimates with Q1 Profit Gain Despite Slide in Oil Prices

Apr 28, 2023

Oil major Chevron Corp beat market expectations on Friday as profit nudged higher in the first quarter, with earnings from refining compensating for slides in energy prices as well as oil and gas production.Net profit climbed 5% to $6.57 billion or $3…

Exxon Delivers a Record First-quarter Profit on Higher Output

Apr 28, 2023

Exxon Mobil Corp on Friday reported a record first-quarter profit that was more than double from a year ago and topped Wall Street estimates as rising oil and gas output overcame a pullback in energy prices from high levels.Oil companies are…

Bidders Jostle for Stake in Iberdrola's Baltic Eagle Offshore Wind Farm

Apr 28, 2023

Three firms are vying to buy a minority stake of up to 49% in Iberdrola's 'Baltic Eagle' offshore wind farm off the German coast, newspaper Expansion reported on Friday, citing unidentified market sources.The top candidates for the transaction…

Shelf Drilling Secures $61M Offshore Drilling Contract with Equinor

Apr 28, 2023

Shelf Drilling said Friday it had secured a contract for the Shelf Drilling Barsk jack-up rig with Equinor for operations at the Sleipner Vest field in the North Sea, offshore Norway.The contract is firm for two wells, and this will keep the jack-up drilling rig busy for about 270 days…

Japanese Firm to Set Up Subsea Cable Factory in Scotland

Apr 28, 2023

Japanese company Sumitomo Electric Industries said Thursday it would set up a subsea cable factory in Scotland, UK.'The introduction of renewable energy and interconnected national and regional lines are being promoted worldwide to achieve a decarbonized society…

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