Shell on Thursday posted first-quarter net profit of $9.65 billion, topping analysts' forecasts, as strong earnings from fuel trading offset cooling oil and gas prices. Shell kept its dividend unchanged at $0.2875 per share and also kept the…
Norway's Equinor on Thursday posted a higher-than-expected profit for the first quarter, albeit well below last year's record levels, amid a sharp fall in gas prices.The Norwegian oil and gas producer's adjusted earnings before interest and…
An Exxon Mobil unit is in breach of insurance obligations for its first offshore oil project in Guyana in part due to errors by the environmental regulator, a Guyanese court ruling released on Wednesday showed.Exxon 'engaged in a disingenuous…
Wage talks between Norwegian oil firms and two labor unions ended in a deal on Wednesday, industry and union officials said, averting the risk of strike action later this year.The Lederne union as well as Industri Energi both came to an agreement with companies…
WTIVs have always been fuel-hungry. Now they are being tasked with installations that are further, deeper and heavier.Offshore wind farms continue their march into deeper water, further from shore, with turbines that can now reach more than 270 meters high with blades 120 meters long…
Dutch offshore survey services provider Fugro, together with other project partners, said Wednesday it would work to develop innovative methodologies and technologies for remotely collecting environmental DNA (eDNA) samples in the North Sea as part of a project called BeWild…
The path to decarbonization is defined by partnership and fueled by government funding. This month we examine the players, partnerships, and evolution of Hydrogen Hubs in the Gulf of Mexico.The Green Shipping Challenge, organized by the United States and Norway at COP 27 held in late 2022…
Offshore accommodation firm Prosafe said Wednesday that its Safe Zephyrus semi-submersible vessel for safety and maintenance support had started its contract offshore Brazil with Petróleo Brasileiro SA ('Petrobras').The contract started on April 30 and has a firm commitment period of 650 days…
The U.S. Bureau of Ocean Energy Management (BOEM) plans to review potential environmental impacts related to the possible issuance of an offshore wind energy research lease in the Gulf of Maine. The State of Maine requested the lease to research potential floating offshore wind energy development…
Oil and gas exploration company Argos Resources is set to sell its sole asset, the PL 001 production license in the North Falkand Islands, which is estimated to hold around 3 billion barrels of oil, to JHI. After completing the transaction,…
Germany offshore wind monopile foundation manufacturer EEW SPC has won a contract from RWE to produce 36 of the total 72 foundations for the Thor offshore wind farm in Denmark.EEW SPC will build the monopiles at its Rostock site in Germany.…
Bluewater-backed CRC Evans, a company offering welding and coating services to the energy sector has appointed Luis Araujo, former CEO of Aker Solutions, as its Chairman to help drive its next growth phase.'The appointment comes after a transformational year for the business…
French oil major TotalEnergies has sued environmental group Greenpeace France and climate consulting firm Factor-X over a report claiming the company massively underestimated its 2019 greenhouse gas emissions, TotalEnergies said on Wednesday…
Subsea Integration Alliance has won a 'substantial' subsea tie-back contract from BP and its joint venture partner Wintershall Dea for the Raven Infills Project offshore Egypt. The Raven field is a stage of BP's major West Nile Delta (WND)…
BP expects to pay $1 billion under Britain's windfall tax on the oil and gas sector between May 2022 and April 2023, the company said on Tuesday.BP paid a total of $650 million in tax in Britain in the first quarter of 2023, of which $300 million came under the Energy Price Levy (EPL)…
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