The European Union will ask its member countries to waive penalties for three years for oil and gas companies that breach its methane emissions law, in response to the Iran war's disruption to energy supplies, a draft document seen by Reuters showed…
Brazil's state-run oil firm Petrobras' negotiation with SBM Offshore for two floating oil and gas production vessels (FPSO) for its Sergipe deepwater project is done, an executive from the company said on Thursday.The contract for the FPSOs is set to be signed soon…
Japanese trading house Mitsui is looking to invest in LNG projects across the Middle East, the U.S. and Australia to meet rising power demand from data centers, Bloomberg News reported on Thursday, citing its CEO Kenichi Hori.The company will…
Oil futures fell more than 1% on Friday and were on track for their steepest weekly decline since early April, following reports that the U.S. and Iran had reached a potential deal to extend a ceasefire.Brent crude futures for July LCOc1 fell 1…
SLB and Vår Energi have expanded their digital collaboration to scale well planning and integrated field development planning across operations on the Norwegian Continental Shelf.The agreement expands deployment of SLB’s Delfi digital platform…
DeepOcean has been awarded a subsea contract package by Equinor covering multiple fields on the Norwegian continental shelf, including projects in the North Sea and Barents Sea, with offshore work planned across the 2027-28 seasons.The contract…
TouchWind has installed its floating wind turbine prototype at Fieldlab Green Economy Westvoorne in the Netherlands, moving the POWER project into the in-water testing phase.The POWER project, short for ‘POsitive Wake Effects of turbines with tilted Rotors’…
SeaTwirl has entered into a strategic collaboration agreement with Mooreast Asia to jointly pursue floating offshore wind opportunities across Southeast Asia.The collaboration combines SeaTwirl’s floating wind technology and engineering capabilities with Mooreast’s offshore mooring expertise…
U.S. oil major Chevron has filed an official request to take over a 70% stake from Greece's Helleniq Energy in an offshore block southwest of Greece, the Greek energy ministry said on Thursday, in a move that would further expand the United States' presence in the Mediterranean…
Polish oil refiner Orlen is seeking a partner for its planned Baltic East offshore wind project, CEO Ireneusz Fafara told reporters on Thursday.The 1-gigawatt wind farm will neighbour Orlen's most advanced offshore project, the Baltic Power site which the company is currently finishing…
TotalEnergies has filed an application for the Single Authorization of its 1.5 GW Centre Manche Energies offshore wind project off the coast of Normandy, marking a key milestone in the development of what the company described as France’s largest renewables project…
Oil prices jumped more than 2% on Thursday after Iran's Revolutionary Guards said they targeted a U.S. airbase in response to a U.S. attack in the port city of Bandar Abbas.Brent crude futures LCOc1 rose $2.34, or 2.48%, to $96.63 a barrel by 0701 GMT…
Norwegian oil and gas companies have raised their projected investments for 2026 and 2027 compared to estimates made three months ago, a quarterly statistics office (SSB) survey of industry players showed on Thursday.Norway produces more than 4 million barrels of oil equivalent per day…
Malaysia's oil and gas producer Petronas is exploring for oil at offshore Block 52 in Suriname, which was declared commercially viable for the development of natural gas late last year following large discoveries in the area, the managing director of state company Staatsolie said on Wednesday…
Bourbon has won a long-term offshore services agreement, comprising of a three-year firm period with a two-year extension option with Prime Energy Resources Development B.V. to support its offshore operations in the Philippines.This is the company’s first collaboration with Prime Energy…
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