Berkshire Hathaway Inc said on Thursday it had acquired more shares of Occidental Petroleum Corp, boosting its stake in the oil company to 24.4%.In a regulatory filing, the conglomerate controlled by billionaire Warren Buffett said it paid about $201 million for 3…
A decision by Brazil's environmental regulator to block state-owned oil company Petrobras' Amazon oil project has exposed tensions in President Luiz Inacio Lula da Silva's coalition between green advocates and those prioritizing economic development…
Oilfield services giant TechnipFMC will provide riserless light well intervention (RLWI) services on the Norwegian Continental Shelf for Equinor under a newly awarded contract.TechnipFMC said Friday the two-year contract with Equinor was a significant one…
Amogy, Skansi Offshore, and SEAM have entered into a Memorandum of Understanding (MoU) to investigate potential technology collaboration in the field of ammonia application, with the common goal of decarbonizing the offshore support vessel industry…
Offshore seismic survey specialist PGS said Friday it had executed the final contract with an independent energy company for a 3D survey in the Barents Sea.PGS said the 3D survey would be conducted by the Ramform Hyperion vessel. The project is about to start…
Norwegian offshore engineering and construction firm Aker Solutions said Friday it had won a sizeable contract from ExxonMobil to provide dynamic and static subsea umbilical for the Uaru project in Guyana. Aker Solutions defines a sizeable contract as between NOK 0…
UK-based oil firm EnQuest confirmed Thursday it had secured the offer of carbon storage licenses as part of the first round of UK carbon sequestration licenses issued by the North Sea Transition Authority ('NSTA').The NSTA offered 20 licenses to 12 companies…
Graham Stuart, the UK Minister for Energy Security and Net Zero, on Thursday opened the Digital, Autonomous, and Robotics Engineering (DARE) Centre at Offshore Renewable Energy (ORE) Catapult’s testing facility in Blyth.According to ORE Capatult…
GE said Thursday that Rahul Ghai would become Senior Vice President and Chief Financial Officer of GE effective September 1, 2023, succeeding Carolina Dybeck Happe. Ghai will assume this role in addition to his current responsibilities as Chief Financial Officer of GE Aerospace…
United Oil & Gas has agreed to allow Quattro Energy more time to secure funding that will allow the companies to complete the North Sea block sale and purchase deal struck in January 2023.United Oil & Gas in agreed on the conditional sale of…
Britain's Unite union on Thursday said it had signed a recognition deal with offshore operator China National Offshore Oil Corporation (CNOOC), covering around 140 workers on the Buzzard, Scott, and Golden Eagle platforms in the North Sea.CNOOC…
Helix Energy Solutions' semi-submersible vessel Helix Q7000 which earlier this week arrived in Port Taranaki, New Zealand, ahead of its planned decommissioning work at the Tui offshore field, has already set off from the port ahead of a forecasted significant storm event…
Twelve companies were awarded a total of 20 licenses to develop carbon dioxide (CO2) storage offshore, in Britain's first licensing round for such projects, the North Sea Transition Authority (NSTA) said on Thursday.Britain aims to use carbon capture and storage (CCS) technology…
The U.S. Coast Guard medevaced a crewmember from Allseas' pipelayer Solitaire Tuesday approximately 13 miles south of Port Fourchon, Louisiana.Coast Guard Eighth District and Coast Guard Sector New Orleans command center watchstanders received…
Saudi Arabian oil giant 2 Aramco on Thursday named Nasir al-Naimi and Mohammed Al Qahtani as presidents of its upstream and downstream businesses, respectively, in a move designed to support the company's growth plans. The newly created positions and appointments…
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