An arbitration panel that will decide a high-profile clash between Exxon Mobil and Chevron will delve into the secret value of Hess' oil riches in Guyana, people familiar with the matter said.Chevron last October offered to pay $53 billion for Hess, one of the two biggest deals in the largest wave of consolidation in the oil industry in decades. The asset most coveted by Chevron in the takeover is Hess’s stake in a Guyana field operated by top U…
Italian cable maker Prysmian on Monday received about $96 million in its trade secrets case against India's Sterile Technologies.Prysmian filed the lawsuit in 2021 claiming that a former executive Stephen Szymanski misused trade secrets and took them to his new employer Sterlite…
Australia's Woodside Energy, which operates Sangomar oil and gas field in Senegal, said on Wednesday it had filed a court action in the capital Dakar over a tax assessment.The company, which holds an 82% participating interest in Senegal's first offshore project…
The European Union will add 27 vessels, including oil and liquefied natural gas tankers, to its list of entities under sanctions as part of its latest measures against Russia, two sources familiar with the matter said on Monday.EU countries…
New Jersey officials said the state will receive $125 million from a legal settlement with Denmark's Orsted ORSTED.CO over the company's cancellation last year of two offshore wind farm projects.The New Jersey Board of Public Utilities said…
Oil producer Hess on Tuesday said it is currently facing three lawsuits alleging inadequate disclosures over its proposed sale to Chevron.Chevron last October offered to acquire Hess in a move to gain a foothold in oil-rich Guyana's lucrative offshore fields…
Siem Offshore has changed its name to Sea1 Offshore followong an ownership change that saw the company's founder and chairman exit the Norwegian offshore support vessel (OSV) firm.Kristian Siem, longtime leader of Siem Offshore, stepped away…
A Norwegian appeals court put on hold an injunction that could have halted the development of two oilfields operated by Aker BP, environmental group Greenpeace said on Thursday, in a win for the government and energy companies.In January, the…
Oil and gas companies and environmental groups on Monday filed dueling legal challenges to the Biden administration's five-year plan to offer drilling leases in the Gulf of Mexico.The petitions to a U.S. appeals court come four months after…
The U.S. Department of Transportation's Maritime Administration (MARAD) in December issued a final rule updating its financial requirements for the Federal Ship Financing Program, commonly referred to as Title XI. While the move applies to the U…
The world's largest oil services company, SLB, said on Wednesday that it was recovering $560 million of the $1.015 billion it is owed by Pemex via a financial institution that had loaned the Mexican state company money.SLB, formerly known as Schlumberger…
Three permits given by the Norwegian government to develop new offshore oil and gas fields were found to be invalid on Thursday because their environmental impact was not sufficiently assessed, in a ruling that could set a precedent for new fields…
A group of 27 investors that own around 5% of Shell's shares has co-filed an independent resolution urging the energy company to set tighter climate targets, the biggest such drive to date.The resolution, led by activist shareholder Follow This…
The Brazilian administrative authority has suspended Italy's Saipem and its subsidiary Saipem do Brasil from contracting with the country's public administration for two years, the engineering and construction group said on Friday.The decision…
Panama City Fla. based Eastern Shipbuilding Group announced it has been awarded a contract to complete construction of two ultra high-spec 400 class multipurpose support vessels (MPSVs) for Hornbeck Offshore Services (HOS).The newbuilds were originally started by Gulf Island Shipyards in Houma…
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