Italian energy major Eni and commodities trading group Mercuria have signed an agreement to establish an equally owned joint venture to oversee energy commodities trading activities across global energy markets.The joint venture will operate…
Offshore drilling contractor Transocean has signed a conditional agreement with Equinor for the use of three harsh-environment semi-submersible rigs on the Norwegian continental shelf, adding more than $1 billion to its contract backlog.The agreement…
Sable Offshore Corp. announced plans to raise up to $400 million through concurrent public offerings of common stock and convertible senior notes as the offshore energy company moves to refinance existing debt and strengthen its balance sheet…
Houston-based Nauticus Robotics has strengthened its balance sheet through a debt-for-equity exchange that eliminates approximately $4 million in outstanding debt while increasing shareholders' equity.The company announced June 30 that an existing lender agreed to convert approximately $4…
SLB has been awarded a seven-year contract by Kuwait Oil Company (KOC) under the Ahmadi Innovation Valley initiative to support applied research, technology deployment and digital innovation programs aligned with Kuwait's long-term energy objectives…
QatarEnergy, ExxonMobil and the Government of Cyprus have signed a commercial discovery declaration for the Glaucus and Pegasus fields in Block 10 offshore Cyprus, marking a step forward in the development of the country's offshore gas resources…
Rhino Resources has confirmed the presence of an oil-bearing reservoir in pressure communication with the Capricornus-1X discovery through an appraisal well offshore Namibia, advancing the development of the Capricornus accumulation in the Orange Basin…
Lighting company Glamox has appointed Elisabeth Tapper as its chief business and marketing officer, a newly created role aimed at strengthening customer focus, commercial excellence and business development across its global operations.Tapper…
Sunda Energy has started evaluating options for the planned Chuditch-2 appraisal well offshore Timor-Leste following discussions with regulators and its joint venture partner, while separately advancing its acquisition of a New Zealand production business…
Cidade de Niterói MV18 floating production, storage and offloading vessel (FPSO) unit, owned and operated by MODEC, has arrived at a ship recycling facility in Denmark after completing charter and operations and maintenance services for Petrobras at the Marlim Leste field offshore Brazil…
Vallourec has been awarded a major contract by Azule Energy to supply line pipes for the Greater PAJ offshore development in Angola, one of the largest deepwater projects currently under development in the country.Under the contract, Vallourec will supply more than 26…
Santos has signed a gas sale agreement with the South Australian government to supply 200 petajoules (PJ) of domestic gas over 10 years from 2030 to 2040 for the state's Strategic Gas Reserve.Under the agreement, Santos will supply 20 PJ of gas annually over the contract term…
Vår Energi and Equinor have agreed to swap assets on the Norwegian continental shelf, with Vår Energi increasing its exposure around the Gjøa area and Equinor strengthening its position in the Troll-Fram region.Under the agreement, Vår Energi will acquire a 32…
Global liquefied natural gas demand is expected to rise by around 65% by 2050, driven largely by Asia as countries seek lower-emission alternatives to coal and data centres boost power demand, Shell said in an annual report on Tuesday.Global…
Mexican President Claudia Sheinbaum vowed on Monday that she would not protect anyone after a video appeared to show the former head of state energy company Pemex, Victor Rodriguez, violently abusing his wife.Posted to YouTube on Friday by a woman identifying herself as Maria Felicia Jimenez…
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