Venezuelan expects to sign licenses by year-end for developing the nation's vast natural gas reserves, oil minister Pedro Tellechea said on Friday, even amid U.S. sanctions.Most of the South American country's gas reserves remain undeveloped after decades of insufficient investment…
Malaysian oil and gas company Petronas Carigali said Monday it had made six oil and gas discoveries in five blocks offshore Sarawak, Malaysia.Petronas said that the discoveries were achieved on the back of an intensive domestic exploration drilling…
SLB beat analysts' estimates for quarterly profit on Friday as a rebound in offshore and international drilling activity boosted demand for its oilfield services and equipment, even as activity in North America declined. Drilling activity in regions such as the Middle East and Asia…
Senesco Marine on Friday launched the new Jones-Act-compliant crew transfer vessel WindServe Genesis.WindServe Marine, a sister company to the North Kingstown, R.I. shipbuilder—both part of the Reinauer Group—will operate the CTV. The vessel…
Germany's chemicals giant BASF and China's wind turbine developer Mingyang have agreed to jointly construct and operate an offshore wind farm in South China. For this, the duo has created a joint venture company, Mingyang BASF New Energy (Zhanjiang) Co…
A joint venture half-owned by Denmark's Orsted has agreed to sell the transmission assets of the Hornsea 2 wind farm offshore Britain to Diamond Transmission Partners Hornsea Two (DTP), the Danish energy group said on Friday. Orsted, which owns…
Africa-focused oil and gas company BowLeven said Friday that it had noted the recent movement in its share price and confirmed that it is unaware of any particular reason for the sudden increase.BowLeven's share price had reached 2.33 British Pence a share…
Denmark-based power cable-making and installation company NKT is confirmed as the preferred bidder for the supply of power cable systems for two HVDC transmission links by Scottish SSEN Transmission, with the intent to sign a framework agreement for future projectsSSEN Transmission…
Dutch offshore installation services firm Van Oord said Friday it had completed installing and burying inter-array cables at CrossWind’s Hollandse Kust Noord offshore wind farm, bringing it a step closer to being fully operational by the end of this year…
Guyana's Vice President Bharrat Jagdeo on Thursday said the government will not take action against a local Exxon Mobil Corp contractor after Reuters reported its owners are under a U.S. criminal investigation.Last Friday, Reuters disclosed that U…
Oil and gas company Kistos said Friday that its appeal against the Netherlands Ministry of Economic Affairs' decision not to extend the term of the M10/M11 offshore license had been successful.'This ruling is effective immediately and the licence is extended by five years…
President Joe Biden traveled to Philadelphia on Thursday to attend a steel cutting ceremony for Great Lakes Dredge & Dock Corporation's new offshore wind rock placement vessel, touting his administration’s clean energy agenda and job creation efforts as the U…
Offshore drilling contractor Transocean said Wednesday it had recently secured contracts and contract extensions worth $1.2 billion in total.In its fleet status report, the company said that contracts had been secured for seven drilling rigs…
The British government said on Thursday it would cut the proportion of funds going to the royal family from the Crown Estate next year, after King Charles said he wanted bumper windfarm profits to go to the 'wider public good'. Each year, the…
Dutch firm SBM Offshore, one of the world's largest FPSO suppliers, has teamed up with Irish renewable energy firm DP Energy to pursue floating offshore wind energy opportunities off Nova Scotia with their now formalized new joint venture.The…
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