Oilfield firm Baker Hughes Co beat first-quarter profit estimates on Wednesday, as stronger oil prices have supported demand for its equipment and services. Global oil futures are currently trading around $83.12 a barrel, down about 22% from…
Oil major BP has started oil production at its Argos offshore platform in the deepwater U.S. Gulf of Mexico.With a gross production capacity of up to 140,000 barrels of oil per day, Argos is BP’s fifth platform in the Gulf of Mexico and the…
Britain plans to widen its flagship renewable energy support scheme to encourage investment in the sector, the government said on Monday as it opened a consultation on the proposed changes. The Contracts for Difference (CfD) scheme is the government's…
Oil and gas company Karoon has shut production from its Baúna field offshore Brazil, including from the Patola field, due to 'a loss of containment incident' associated with the high-pressure flare on the Cidade de Itajaí FPSO.Karoon said that production was shut-in on March 28…
Borr Drilling announced it has secured more offshore drilling work in Latin America.The Norwegian shallow water drilling company announced Monday that its jack-up rig Hild has been contracted by an undisclosed customer for a firm term of 725 days…
Australian oil company Karoon said this week that it had brought on stream the PAT-1 well at its Patola field, offshore Brazil.The PAT-1 is the second of two new production wells drilled into the Patola field in the BM-S-40 production license in Brazil…
Oil and gas company Karoon said Wednesday that production had started from the PAT-2 at the Patola field in the BM-S-40 production license in Brazil.The well, one of two new production wells drilled at the field, came onstream on March 15, 2023 at a rate of 12…
Cecile Wake will succeed Tony Nunan as Chair of Shell Australia effective May 22, 2023, Shell Australia said Thursday. Nunan, who led the Australian business for the past three years, will take up the newly created role of Chief of Staff and Corporate Relations…
Mercedes-Benz said on Thursday it had signed a power purchase agreement (PPA) with Spain's Iberdrola for 140 megawatts of wind energy from a Baltic Sea wind park as the automaker looks to make production costs more predictable.Production chief…
The Philippines' Department of Energy said on Thursday it had signed three contracts with a Danish fund manager for offshore wind energy development projects with a total capacity of 2,000 megawatts.There will be a 25-year operating period for…
ADS Maritime Holding said Wednesday it had acquired a 10% stake in a Dive Support Vessel and will act as Commercial Manager with primary responsibility for following up the shipowning company’s activities related to the vessel and the bareboat contract…
Qatar's state-owned energy company on Wednesday signed a deal to acquire from ExxonMobil stakes in two Canadian offshore explorations block, the latest in the Gulf state's efforts to expand its global oil and gas portfolio.QatarEnergy, the world's largest producer of liquefied natural gas (LNG)…
BP and Abu Dhabi's state oil giant ADNOC on Tuesday made an offer to acquire 50% of Israeli offshore natural gas producer NewMed Energy for around $2 billion.The offer would involve acquiring NewMed's free floating shares and taking the company…
China's WuHu Shipyard has cut the first steel for an Orca series heavy lift vessel being built for an alliance between SAL Heavy Lift GmbH and Jumbo Shipping.Back in September 2022, SAL and Jumbo said they had signed building contracts for four…
Harland & Wolff said on Friday that it would 'rationalize' the number of people working at its Methil facility in Scotland.This was in response to the contract termination settlement with Saipem over the building of jackets for the Neart na…
Subscribe
