Oil and gas company Barryroe Offshore Energy, until recently known as Providence Resources, said Tuesday that its CFO had decided to resign.The Irish-based company said it had accepted notice of the resignation of Simon Brett, Chief Financial Officer…
Former Elliot Management activist fund manager Franck Tuil on Thursday told Wood Group to buy back some of its stock to avoid becoming a takeover target, sending shares in the oil services provider up by the most in six weeks.It is the first public campaign for his $600 million multi-strategy fund…
The two largest U.S. oil companies - Exxon Mobil Corp and Chevron Corp - disclosed plans to increase outlays on energy projects next year amid high oil demand and prices.While spending more, it will be less than half the combined $84 billion they spent in 2013…
Oil and gas company Neptune Energy has confirmed a new discovery the Calypso exploration well (PL938) in the Norwegian Sea.Preliminary estimates are between 1 - 3.5 million standard cubic meters (MSm3) of recoverable oil equivalents, corresponding to 6-22 million barrels of oil equivalent (boe)…
Houston-based Bleutec Industries, a company which describes itself as the builder, owner, and operator of Jones Act-compliant offshore wind turbine installation vessels, said Thursday it had secured 'a significant capital commitment' from EnCap Investments L…
Norwegian major Equinor plans to drill 25 exploration wells off the Nordic country next year, compared with 22 wells this year, most of them in the North Sea, a senior executive said on Tuesday. A 'small handful' of wells will be drilled in the Norwegian and Barents Seas each…
Malaysian offshore services provider Icon Offshore has completed the sale of its Perisai Pacific 101 jackup drilling rig to ADES.The 2014-built rig was sold to ADES for $85 million in cash and the disposal of the rig was completed on November 22…
Shell has completed a scheduled maintenance at its 200,000 barrels-per-day Bonga deep water storage and offloading vessel in Nigeria, a spokesperson said.The Shell Nigeria Exploration and Production Company said in a statement late on Thursday that the maintenance was completed in 22 days…
Oil and gas company Neptune Energy said Wednesday it had found hydrocarbons in the Calypso exploration well in the Norwegian Sea. The well is located within the Neptune-operated PL938 license.'Having entered the reservoir, logs proved the presence of hydrocarbons…
U.S. offshore wind developer Mayflower Wind announced Francis Slingsby has assumed the role of chief executive officer, succeeding Michael Brown who will join the company's board of directors.“I am delighted to join Mayflower Wind as we continue…
The Norwegian oil and gas company OKEA cut its output guidance for 2023 on the back of the news that the Wintershall Dea Norge-operated Nova field offshore Norway may have limited production next year.The Nova subsea field, sits about 120 kilometers northwest of the city of Bergen…
Ocean Winds, which is building the Moray West offshore wind farm in the UK, has signed contracts with JDR Cables and Seaway 7 for the supply and installation of the inter-array cables.The subseacables will connect the wind turbines back to the…
Oil and gas company Neptune Energy said Friday it had started drilling on the Calypso exploration well in the Norwegian Sea.Neptune Energy is using the Deepsea Yantai, a semi-submersible rig owned by CIMC and run by Odfjell Drilling, to drill the exploration well formally known as Well 6407/8-8 S…
COPENHAGEN, Nov 3 (Reuters) - Danish energy firm Ørsted on Thursday lifted its profit outlook for the year on the back of high power prices, while third-quarter core earnings slightly lagged expectations on the back of soft performance in its key offshore unit…
BP said on Thursday it has redeployed offshore personnel and restarted production at its Na Kika and Thunder Horse oil platforms in the Gulf of Mexico after halting production on Sept. 26 as storm Ian approached.(Reuters - Reporting by Arpan…
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