Houston based Talos Energy announced it has appointed Sergio L. Maiworm Jr. as the Company's Chief Financial Officer and Senior Vice President, effective as of July 1, 2023, replacing Shannon E. Young, III who has accepted a similar role with another independent E&P company…
Italy's Eni ENI.MI and its Norwegian unit Vaar have agreed to buy private-equity backed Neptune Energy in a deal valuing the assets of the gas and oil producer at $4.9 billion including debt, the two groups said on Friday.The acquisition, which is expected to be completed at the start of next year…
Shipbuilder Vard on Monday held the steel cutting ceremony for a North Star service operation vessel at Vard Vung Tau in Vietnam.This is the fourth SOV to be delivered from VARD to North Star for operation on the Dogger Bank offshore wind farm in the UK North Sea…
German renewable energy company RWE said Wednesday that 40 of the 72 offshore wind turbines at what will be Denmark's largest offshore wind farm Thor will be equipped with recyclable rotor blades.The 40 SG 14-236 DD wind turbines will be equipped…
China added to crude oil stockpiles at the fastest rate in nearly three years in May, as robust imports outweighed near-record refinery processing.A total of 1.77 million barrels per day (bpd) was added to inventories in May, the most since July 2020 and reversing the small…
Once one of the world's key energy sources, Britain's North sea oil and gas output is poised for a further slump after shrinking by two thirds in the past 20 years, leaving the country increasingly dependent on imports. A windfall tax introduced…
A global shortfall in crude oil supply is set to deepen in the third quarter as the world's top exporter Saudi Arabia pledged extra output cuts from July in a move likely to push Brent towards $100 a barrel by the end of the year, analysts said…
Britain's largest North Sea oil and gas producer, Harbour Energy, is in talks to merge with Gulf of Mexico peer Talos Energy, four people familiar with the matter said on Tuesday.The move would offer Harbour an opportunity to list in New York…
Norwegian shipbuilder Vard, part of Italy's Fincantieri, has signed new contracts to design and construct two commissioning service operation vessels (CSOVs) for the UK-based offshore vessel owner North Star.The agreement also has an option for two additional ships…
Tidal energy developer Minesto said Wednesday it had successfully completed the first phase of Dragon 12 (1.2 MW) offshore installation in Vestmanna, Faroe Islands. The 3.4 km main subsea cable was laid on the seabed, from the onshore grid connection point to the offshore installation node…
Norway's Kongsberg Maritime on Tuesday showcased a new line of offshore ship designs in its UT Design portfolio. The new anchor handler (AHT) and platform supply vessels (PSV) have the option to include alternative energy sources and fuels, such as methanol…
Baron Oil's subsidiary SundaGas, which operates the Chuditch PSC, offshore Democratic Republic of Timor-Leste, has been granted a further six-month extension to Contract Year Two of the PSC by the relevant Timor-Leste national authority, Autoridade Nacional do Petróleo e Minerais ('ANPM')…
Four international groups are competing to buy Exxon Mobil Corp's majority stake in a liquefied natural gas (LNG) terminal offshore Italy, two sources familiar with the matter said. The deal could value the entire LNG terminal at around 800 million euros ($881 million)…
Australian gas producer Santos Ltd said on Thursday it was categorically rejecting the allegations of human rights violations at its Barossa Gas project, Darwin LNG Life Extension project and Narrabri Gas project.The company said some of its…
ABB on Wednesday introduced what it said was a concept representing 'revolutionary propulsion system breaking new ground for efficiency in the marine industry, inspired by the dynamic motions of a whale’s tail.' The innovative concept is called ABB Dynafin…
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