Oil prices running at their hottest level in 14 years are poised to cut post-COVID pandemic fuel demand as consumers react to surging pump and power prices by pulling back on spending and travel, top energy executives warned on Monday.Global…
The Net Zero Technology Centre, a UK-based organization previously known as Oil and Gas Technology Centre, has announced the launch of its 2022 Open Innovation Programme aimed at developing and deploying technologies that will reduce offshore emissions…
Scana's subsidiary Seasystems, previously known as Scana Offshore, has received a letter of intent to deliver an anchoring system for a Brazil-bound FPSO.The delivery consists of anchoring equipment such as chain stops, jacks, and winches.Scana…
Oil major Shell said Tuesday it would withdraw from its involvement in all Russian hydrocarbons, including crude oil, petroleum products, gas, and liquefied natural gas (LNG). The news follows Shell’s decision last week that it intends to end…
Norwegian offshore vessel owner Havila Shipping has won vessel contracts with Nexans Norway and Peterson Den Helder. The company also secured work of one AHTS with an unnamed client.Nexans Norway has chartered Havila Shipping's subsea vessel Havila Phoenix…
Japanese industry minister Koichi Hagiuda said on Tuesday that the Sakhalin energy projects 'will effectively freeze' given the exit of Western stakeholders and that Japan would therefore wait to see how the situation plays out to make any decision…
Australia-based BHP has booked Aquadrill's Vela drillship for a drilling operation in the U.S. Gulf of Mexico.The rig, managed by Seadrill, is currently in the Gulf of Mexico, on a contract with Equinor until May. After the expiration of the contract…
Libya's state-owned National Oil Corp (NOC) announced on Monday that oil and gas major BP agreed to resume oil operations in the country, a statement published on the company's website said.The statement added the two companies discussed resuming…
Gulf Island Fabrication, Inc., a steel fabricator and service provider to the industrial and energy sectors, today announced that its Chairman of the Board of Directors, Michael A. Flick, will retire effective upon the expiration of his current…
The U.S. House of Representatives is set to vote as soon as Tuesday on legislation seeking to ban the import of Russian energy products and suspend normal trade relations with Russia, a congressional aide told Reuters.The text of the proposal is expected later on Monday…
Danish energy firm Ørsted said on Monday it was preparing for potential disruptions to its gas supplies from Russia's Gazprom, due to sanctions, and would give any profits from the contract to humanitarian aid in Ukraine.Ørsted, which is 50…
Seven oil and gas companies have submitted bids for nine blocks offered during the Timor-Leste Second Licensing Round period 2019/2022'The Minister of Petroleum and Mineral, Mr. Victor da Conceição Soares officially opened the Bid Submission…
Two experienced industry veterans Marc Gerrard and John Morgan have launched RenQuip Limited, a new Dyce, Aberdeen-based tool manufacturing and equipment rental company 'that will bridge the gap between the petroleum and renewables sectors.''RenQuip’s…
Oilfield services company Schlumberger on Monday announced an enterprise-wide deployment of the cloud-based DELFI cognitive E&P environment for the U.S. oil firm ConocoPhillips. ConocoPhillips will use Schlumberger digital solutions enabled…
Brazil's government has appointed former Petrobras executive Rodolfo Landim to chair the state-controlled oil producer's board, the company said in a filing on Saturday night.Earlier in the day, Admiral Eduardo Bacellar Leal Ferreira told Reuters…
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