U.S.-based Chevron Corp said on Friday it signed an agreement with a unit of Royal Dutch Shell to buy a 40% stake in three deepwater blocks in the Mexican Gulf that the Anglo-Dutch firm won in auctions under the nation's energy reform.The deal…
New currency controls enforced by the Bank of Central African States (BEAC) could ruin the oil and gas industry in the Gulf of Guinea and 'destroy' Equatorial Guinea's economy, the country's oil minister told Reuters on Wednesday.Equatorial Guinea…
With the resumption of oil and gas block tenders in Brazil, including highly valued pre-salt tenders, offshore support vessel (OSV) owners are expecting to get any vessels that are lying by without a contract to soon rejoin the market. However…
Norway's Martin Linge offshore oil and gas project will cost $865 million more than previously expected and take an extra half year to come on line, the government and operator Equinor announced on Monday.The government has also raised its estimate…
The US Department of the Interior's Bureau of Ocean Energy Management (BOEM) plans to offer about 78 million acres in a region-wide Gulf of Mexico lease sale scheduled for March 2020.Lease Sale 254, which would include all unleased areas in…
Japanese energy group JERA, , a joint venture between Tokyo Electric Power and Chubu Electric Power, has agreed to acquire a 49% stake in the 376MW Formosa 2 project being developed off the west coast of Taiwan.Completion of the transaction is subject to regulatory approvals…
Norway's $1.1 trillion sovereign fund will divest companies solely dedicated to oil and gas exploration and production in a bid to shield itself from a long-term fall in oil prices, the finance ministry said late on Tuesday.The move will partly…
The multi-billion capital investment by Equinor at its new Dogger Bank Offshore Wind Farm will see it rival its major oil and gas projects, according to Rystad Energy.'The offshore wind project Dogger Bank in the UK North Sea will not only be Equinor’s largest project through 2026…
NKT, which produces cables and supplies the energy sector, has entered a Preferred Supplier Agreement (PSA) as the main contractor for delivery and installation of high-voltage DC on- and offshore export cable systems to the Doggerbank Creyke Beck A and B offshore wind farms…
Neptune Energy and its joint venture partners BP and JAPEX today announced Valaris has been awarded a contract to provide a heavy-duty jack-up drilling rig for the Seagull development oil project in the UK North Sea.Valaris will provide the…
Independent oil and gas company Jadestone Energy said replacement subsea umbilical cables have been installed at the Montara complex, offshore Australia.The project to replace the umbilical cables, which provide electrical power and control signals to the Montara complex subsea well-heads…
A group of offshore wind industry members that includes Equinor, Magellan Wind and Principle Power have launched an offshore wind group in California.The Offshore Wind California (OWC) said it is committed to providing industry expertise, innovative solutions…
Ten banks and the province of Fryslân are jointly financing the 382.7MW Windpark Fryslân, which is being built in the Dutch IJsselmeer, south of the Afsluitdijk, six kilometers off the Frisian coast.The near shore windpark is being built by Zuiderzeewind…
Mozambique is targeting $880 million in capital gains tax from the takeover of Anadarko Petroleum by Occidental Petroleum, local newspaper O Pais reported on Friday.Anadarko led a liquefied natural gas project in the southern African country…
Saudi Aramco is pressing ahead with its listing plans this week, although some investors and analysts doubt it can now meet its timeline as it has not said when oil output will be restored after attacks on its facilitiesReuters has reported it could take months for Aramco…
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