Engineering firm Moreld Apply said it has been awarded an engineering, procurement, construction and installation (EPCI) contract by Aker BP for the Edvard Grieg topside modification, part of the Utsira High tie-backs project.The purpose of…
Mexican state oil company Pemex produced an average of 1.856 million barrels per day in January, President Andres Manuel Lopez Obrador said on Monday, reiterating that production has recovered since he took office in 2018. An energy nationalist…
West Africa-focused oil producer Tullow sees its 2022 free cash flow at $267 million, slightly ahead of previous guidance and up from $245 million the previous year, it said in a trading update on Wednesday. It plans to invest $400 million this year…
Trinidad and Tobago's natural gas production could rebound and hit almost 4 billion cubic feet per day (bcfd) by 2030 if key offshore projects move ahead soon, consultancy Rystad Energy said on Tuesday.Trinidad is Latin America's largest exporter of liquefied natural gas (LNG)…
Italian offshore engineering and construction company Saipem said Friday it had won two offshore contracts worth $900 million in total.First, together with Aker Solutions, Saipem won a contract with the French oil major TotalEnergies in Brazil…
TotalEnergies has decided to drill the 'highly prospective' Benriach well in the Laggan Tormore area, west of Shetland, UK.The news was shared by TotalEnergies partner Kistos, which last year acquired a 20% stake in the Greater Laggan Area producing offshore gas fields…
Trinidad and Tobago would pay Venezuela for natural gas produced at an offshore development with humanitarian supplies like food and medicine, Prime Minister Keith Rowley said, to comply with a U.S. license prohibiting cash payments to the government of President Nicolas Maduro…
Oil major BP plans to build a vast carbon capture project beneath the North Sea that would be crucial to Britain hitting its emissions targets. Power giant Orsted aims to build a huge offshore windfarm to help the country meet renewable goals…
Top oilfield services firm SLB on Friday reported results that topped Wall Street estimates for fourth-quarter profit on strong global demand for its drilling services and equipment.Formerly called Schlumberger, SLB has benefited from increased…
U.S. oil and gas producer Hess Corp on Tuesday forecast higher Exploration & Production (E&P) capital and exploratory budget of $3.7 billion for 2023, of which more than 80% would be allocated to Guyana and North Dakota's Bakken shale field…
TechnipFMC said on Tuesday that the Brazilian oil company Petrobras had awarded it a large master services agreement for subsea services. For TechnipFMC, a “substantial” contract is between $250 million and $500 million.The three-year contract has an option to extend for two years…
Britain's opposition leader Keir Starmer said on Thursday there would be no investment in new oil and gas fields in Britain under a Labour government - a big change from current UK energy policies.Starmer said during a panel discussion at the…
Energy producer Hess Corp. on Wednesday beat Wall Street estimates for fourth-quarter profit on higher crude prices, and said it had found more oil offshore Guyana.Western sanctions against major energy producer Russia and the decision of producer…
Turkish Cemre Shipyard has awarded HAV Group ASA’s subsidiary Norwegian Electric Systems AS (NES) a contract to deliver energy design, and smart control systems for two “Windkeeper” service operations vessels (SOV).The Turkish shipyard is building…
TotalEnergies' offshore oilfield Dalia in Angola will undergo planned maintenance for about 35 days starting Feb. 20, a company spokesperson said on Tuesday.The company added that the maintenance will include inspections of equipment, subsea lines and works relating to flare tips…
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