A U.S. energy regulator on Friday gave Berkshire Hathaway Inc, the company controlled by billionaire Warren Buffett, permission to buy up to 50% of oil company Occidental Petroleum Corp's OXY.N common stock.Occidental's share price soared 9…
Norway's crude oil output in July lagged the official forecast, while gas output exceeded expectations, preliminary data from the Norwegian Petroleum Directorate (NPD) showed on Monday. Crude oil output rose to 1.65 million barrels per day (bpd) in July from 1…
DNO ASA, the Norwegian oil and gas operator with operations in Kurdistan and the North Sea, is now expanding to West Africa with the agreed acquisition of offshore fields in Ivory Coast. DNO said Monday that RAK Petroleum plc would transfer its ownership of Mondoil Enterprises LLC to DNO…
Norwegian offshore vessel owner Siem Offshore has secured a contract extension for one of its AHTS vessels in Canada.The extension is related to the Ice Class AHTS vessel 'Avalon Sea,' covering a firm duration of 18 months upon completion of the current term…
Indian oil explorer and producer Oil and Natural Gas Corp said on Wednesday it signed a Heads of Agreement (HoA) with global petroleum giant ExxonMobil Corp for deepwater exploration in the country's East and West coasts.The two oil explorers…
The U.S. Department of the Interior announced next steps to bring offshore wind energy to the Gulf of Maine. The Bureau of Ocean Energy Management (BOEM) has made available a Request for Interest (RFI) and Request for Competitive Interest (RFCI) in the Federal Register for public comment…
Mexican state oil company Petroleos Mexicanos (Pemex) and its union, the STPRM, agreed to a 4% pay raise and a 2.25% increase in benefits during 2022-2023 salary negotiations, Pemex said in a statement on Thursday.The agreement is the first made under union leader Ricardo Aldana…
The UK’s plans to significantly increase offshore wind capacity to 50GW by 2030 risks being hindered by an array of undiscovered unexploded ordnance (UXO) in our coastal waters. It is estimated that up to 500,000 legacy items/targets of UXO could still be present in UK waters…
Oil prices slipped on Friday after two days of gains and are heading for weekly losses as a strong dollar and worries about a global economic slowdown weigh.Brent crude futures were down 97 cents, or 1%, at $95.62 a barrel by 0826 GMT. U.S. West Texas Intermediate crude was at $89…
Classification society ABS reports it is supporting the first offshore supply vessel (OSV) in Malaysia to feature an innovative vessel design and battery system to support more sustainable operations.The new generation OSV will be designed to ABS Rules…
Research teams from Fugro and the Ocean Industries Concept Lab (OICL) at Oslo School of Architecture and Design have been exploring how best to harmonize maritime design by integrating digital innovation in next-generation workplaces for safe remote operationsSimplified…
Crowley has appointed Bob Karl as senior vice president and general manager of the company’s new business unit, Crowley Wind Services. As Crowley elevates the scope of its offerings in wind energy, Karl will lead the company’s wind services…
With passage of the Inflation Reduction Act, which contains US$370 billion for climate and energy programs, policy experts are forecasting a big expansion in clean electricity generation. One source that’s poised for growth is offshore wind power…
Norwegian offshore survey services firm Electromagnetic Geoservices (EMGS) has been selected as the acquisition provider for the NTNU ATLAB consortium. The consortium was formed to study geophysical imaging of geological processes and has received funding from the Norwegian Petroleum Directorate…
A U.S. appeals court on Wednesday vacated a lower court's decision to block the Biden administration's pause on new oil and gas leasing on federal land and waters - a key piece of the president's climate change strategy - and sent the case back to that court for further proceedings…
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