TotalEnergies plans to buy back $1.5 billion of its shares in the fourth quarter and boost its investment in renewable energy with the help of high oil prices, the French energy major said on Tuesday.'TotalEnergies is confident in its ability to combine energy transition and shareholder return…
The UK government has joined the Offshore Renewable Energy (ORE) Catapult’s Floating Offshore Wind Centre of Excellence (FOWC0E) as a strategic partner, through its Department for Business, Energy and Industrial Strategy (BEIS).The center's…
Brazilian oil firm Enauta has said production from the Manati offshore field in Brazil was stopped preventively on Monday due to small gas leakage in the inland pipeline between the compression station and the gas treatment station. 'The operator is assessing the causes of this incident…
Offshore cable maker JDR Cable Systems on Tuesday announced plans for UK government-backed Northumberland-based manufacturing facility, creating 170 UK jobs.The subsea cable and umbilical supplier and servicer, part of the TFK Group, will open a subsea cable manufacturing facility in Cambois…
State oil giant Abu Dhabi National Oil Co (ADNOC) has completed bookbuilding for the initial public offering (IPO) of ADNOC Drilling, raising more than $1.1 billion, it said on Monday.The offering was oversubscribed, with total gross demand amounting to more than $34 billion…
Oil major BP on Tuesday announced the start-up of its Thunder Horse South Expansion Phase 2 project in the U.S. Gulf of Mexico.The second phase is expected to increase output at one of the largest fields in the Gulf of Mexico, with peak annual average gross production of 25…
Seaway 7, a renewables-focused subsidiary of offshore installation firm Subsea 7, has awarded Briggs Marine a contract to supply demarcation buoys and wave rider buoys for the Seagreen Offshore Wind Farm. 'These buoys will play a critical role…
Singapore-based offshore vessel operator Miclyn Express Offshore (MEO) has appointed Darren Ang as CEO. Ang, who took over as CEO from Diederik DeBoer, has been with the company for 22 years.Prior to becoming CEO, Ang served as Deputy Chief Executive Officer…
Oil markets climbed for a sixth day on Tuesday, boosted by a tighter supply and firm demand outlook, but power shortages in China which hit factory output tempered the rally.Brent crude futures gained 67 cents, or 0.8%, to $80.20 a barrel at 1016 GMT…
Renewable energy's share of Germany's power consumption dropped to 43% in January-September from 48% a year earlier as wind output fell, preliminary industry data showed on Tuesday, demonstrating the impact of weather on supply security.Onshore…
Offshore safety equipment provider VIKING has said it has won a contract with FPSO supplier BW Offshore to deliver has selected VIKING Norsafe free-fall lifeboats, daughter craft, and davits for a large FPSO project which will operate off northern Australia…
The Norwegian offshore vessel owner Solstad Offshore has signed a deal with Inmarsat for its new Fleet LTE service, which will cover the connectivity needs of multiple Solstad Offshore vessels in the North Sea.Mobile satellite communications…
Norway-based offshore shipowner Awind AS, a subsidiary of Integrated Wind Solutions AS, has changed its name to IWS Fleet. 'The name change reflects the ambitions of Integrated Wind Solutions to become a leading provider of integrated services and solutions to the offshore wind industry…
Norwegian oil and gas company Equinor has concluded the drilling of the Black Vulture appraisal well in the Norwegian Sea, and the well came up dry.Using Seadrill's West Hercules offshore drilling rig, Equinor drilled the well approximately…
Oil and gas company Jadestone Energy has tied the Montara H6 development well off Australia into the field facilities and the well has started production.Jadestone is the 100% owner and operator of the Montara field, located in Production Licences AC/L7 and AC/L8 in the Timor Sea…
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