Talks about a possible asset swap deal between Royal Dutch Shell and Gazprom have been suspended, Kommersant business daily reported on Wednesday, citing Cederic Cremers, head of Shell's business in Russia.The memorandum on the possible asset…
French energy company Total has strengthened its position in Mauritania by winning contracts for two new exploration blocks.'Total and the Ministry of Petroleum, Energy and Mines of Mauritania have signed an agreement awarding Total two new…
Norway's DNO is sticking to its offer to buy Faroe Petroleum for 152 pence per share, valuing the company at about 610 million pounds ($761.65 million), insisting it is an attractive offer despite its rejection by the Faroe board.The Faroe board…
CNOOC Gas & Power, a unit of China National Offshore Oil Corp , said on Wednesday its daily supply of natural gas had surpassed 200 million cubic meters for the first time as temperatures in northern China plummet.CNOOC sent 205 million cubic meters of gas to the Chinese market on Dec…
The Brazilian government has reached an agreement with state-controlled oil company Petróleo Brasileiro SA over the so-called transfer of rights area, Finance Minister Eduardo Guardia said on Wednesday.Guardia declined to disclose values nor who is owed what under the terms of the agreement…
Norway's Petroleum Safety Authority (PSA) has told Transocean, Maersk Drilling and Odfjell Drilling to beef up emergency evacuation equipment and procedures on 22 offshore oil rigs, it said on Wednesday.Drilling rigs are equipped with enclosed…
Offshore wind energy specialist Vineyard Wind formally endorsed a transit corridor plan for fishing vessels in federal waters off the coast of Massachusetts and Rhode Island that has been previously supported by fishermen from Massachusetts…
Subsea 7 associate Seaway Offshore Cables has won a contract to supply and install array cables for the 12-megawatt Coastal Virginia Offshore Wind (CVOW) projects in the U.S.'SOC in combination with Subsea 7, has been awarded its first US offshore…
A recent grant award from the Oil & Gas Innovation Center (OGIC) in the U.K. aims to spur the development of automated data analysis technology for on- and offshore oilfields.Chemical monitoring and management solutions specialist LUX Assure…
Environmental groups opposed to offshore drilling sued the federal government on Tuesday to prevent future seismic tests for oil and gas deposits in Atlantic waters off the U.S. East Coast.Seismic testing, which uses air gun blasts, violates federal laws that protect marine mammals…
Mexican President Andres Manuel Lopez Obrador's declaration of war on 'neo-liberal' economics has shaken investors holding Petroleos Mexicanos bonds, fueling concern about the future of the highly-indebted state oil company he has pledged to revive…
Energy giant Chevron announced Tuesday it has received approval from the U.K. Oil and Gas Authority (OGA) to move ahead with its plans for an Enhanced Oil Recovery (EOR) project that aims to unlock millions of extra barrels of oil and extend the life of the long-producing Captain field in the U…
DNV GL said it has secured a contract from the American Petroleum Institute (API) for the full-scale S-N fatigue testing of large diameter bolts. The objective of the program is to improve fatigue assessments of critical bolted connections particularly…
The installation of export cables at the world's largest offshore wind farm, Hornsea One in the North Sea off the coast of England, has been completed several months ahead of schedule, Danish operator Ørsted announced Tuesday.With offshore export cables totaling 467km…
Although MTL has a robust oil and gas heritage, with formidable experience in the global energy marketplace, it also invests heavily in R&D and undertake rigorous testing and research from its base in Kintore, Aberdeenshire. MTL recognizes…
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