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Halliburton Beats Profit Estimates

Apr 23, 2024

Oilfield services company Halliburton said on Tuesday it expects growth in its international business this year, but North American revenue will likely remain flat due to weak demand for drilling.Oil and gas producers have been acquiring international…

EnQuest Selling Stake in North Sea Golden Eagle Oil Field

Apr 16, 2024

Britain's EnQuest is looking to sell its 27% stake in the Golden Eagle oilfield in the British North Sea as it seeks to reduce debt levels, two sources told Reuters on Tuesday.It was unclear how much the sale of the non-operated stake would raise…

ADNOC Recently Eyed BP as Takeover Target

Apr 11, 2024

The United Arab Emirates' state-owned oil company recently considered buying Britain's BP but the deliberations did not progress beyond preliminary discussions, people familiar with the matter told Reuters.Abu Dhabi National Oil Company (ADNOC)…

BP Starts Oil Production at Major New Platform Offshore Azerbaijan

Apr 17, 2024

BP, as the operator of the Azeri-Chirag-Gunashli (ACG) project, has started oil production from the new Azeri Central East (ACE) platform as part of the ACG field development in the Azerbaijan sector of the Caspian Sea.The ACE platform is the…

Woodside Revenue Falls on Lower LNG, Oil Prices

Apr 18, 2024

Woodside Energy posted a fall in first-quarter revenue on Friday compared with the previous three-month period due to lower realised oil and liquefied natural gas prices and flagged declining production volumes at some of its major projects…

EU to Investigate Chinese Wind Turbine Suppliers

Apr 10, 2024

The EU will investigate subsidies received by Chinese suppliers of wind turbines destined for Europe, in the bloc's latest move to shield domestic firms from cheap clean tech products.The European Commission will look into conditions for the development of wind parks in Spain…

KPI OceanConnect Concludes First Simultaneous LNG Bunkering Op

Apr 08, 2024

Marine fuel services and solutions provider KPI OceanConnect has completed its first simultaneous operation of LNG bunkering in Singapore.KPI OceanConnect conducted the operation for MSC Mediterranean Shipping Company’s Monica Cristina vessel in Singapore…

Biden Administration Approves Eighth US Offshore Wind Project

Apr 02, 2024

The U.S. Interior Department on Tuesday approved the country's eighth commercial-scale offshore wind project, which will be built off the coast of Massachusetts, bringing online electricity to power more than 900,000 homes.The approval for Avangrid’s New England Wind Project brings the U…

Ithaca Energy Gets Bid Rights on Eni's UK Assets

Mar 27, 2024

Ithaca Energy has been given a four-week exclusivity period by Italy's Eni to make an offer for UK exploration and production assets that could expand its output massively, the London-listed company said on Wednesday.Buying those assets, including those of Eni's recently acquired Neptune Energy…

OCIMF Updates Drug and Alcohol Guidelines

Mar 26, 2024

The Oil Companies International Marine Forum (OCIMF) has published an updated information paper, Guidelines for the Control of Drugs and Alcohol in the Maritime Industry (2024).The paper aims to provide general guidance and recommendations for the maritime industry (operators of tankers…

Netherlands Receives Multiple Bids in 4GW Offshore Wind Tender

Mar 29, 2024

The Dutch government on Thursday said it had received multiple bids in a tender to build an offshore wind farm in the Dutch part of the North Sea with a total capacity of 4 GW.The government said it expected to announce the winning bid in June…

Offshore Wind Market Improving After Price Reset, Says EDP

Mar 26, 2024

The global market for offshore wind projects is improving with governments and companies now offering high enough prices to make projects economically viable, the CEO of Portugal's largest utility Energias de Portugal (EDP) said on Tuesday.Many…

Exxon Signals Potential Counter Offer for Hess's Guyana Assets

Mar 06, 2024

Exxon Mobil Corp on Wednesday said it filed a contract arbitration claim disputing Hess Corp's proposed sale of its Guyana oil properties, and suggested it may counter Chevron Corp's pending deal for the assets.The arbitration case seeks to…

Sulmara to Work on Site Characterization at Scottish Floating Wind Farm

Mar 19, 2024

International subsea specialist Sulmara has secured a contract from Stromar, a joint venture between Ørsted, BlueFloat Energy and Renantis, to work on the 1 GW floating offshore wind farm in Scotland.Under the contract, Sulmara will conduct site characterization for the project using Vos Gorgeous…

Hess Says Reviewing Timeline for Closing of Chevron Deal

Mar 07, 2024

U.S. oil producer Hess said on Thursday it was reviewing the timeline for closing its merger with Chevron, after oil major Exxon Mobil signaled a potential counter offer for Hess's Guyana assets.Exxon on Wednesday filed a contract arbitration…

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US Plans 12 Offshore Wind Auct

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Namibia Targets First Oil Prod

Second HVDC Platform Installed at World’s Largest Offshore Wind Farm

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