Norwegian geophysical services company Electromagnetic Geoservices (EMGS) has established a new business platform within the offshore subsea construction market, having entered into a set of agreements for the acquisition of Siem Day offshore subsea construction vessel (OSCV)…
BW Energy has made a final investment decision (FID) for the Maromba development offshore Brazil, which will feature an integrated drilling and wellhead platform (WHP) and a refurbished floating production, storage and offloading (FPSO) unit…
Shell on Friday reported a 28% drop in first-quarter net profit to $5.58 billion, beating analyst expectations, and kept the pace of its share buyback programme steady amid falling oil prices and lower refining margins than last year.It said it would buy back $3…
Chevron on Friday reported first-quarter earnings that met Wall Street estimates, but said it would spend less on share repurchases in the current quarter, reflecting the shaky economic outlook faced by Big Oil.The company's share repurchases this year could be between $11…
YACHT SIGNS YACHT SIGNSAt Yacht Signs, we excel in creating stunning illuminated yacht names and logos, durable stainless steel yacht lettering, and cutting-edge LED and fiber optic solutions. Our comprehensive services…
Exxon Mobil has reached an agreement with Calpine Corporation, the US’s largest producer of electricity from natural gas, to transport and permanently store up to 2 million metric tons per annum (MTA) of CO2 from Calpine’s Baytown Energy Center…
China's privately controlled ENN Natural Gas and state-run Zhenhua Oil have each signed a term deal to buy liquefied natural gas from Abu Dhabi National Oil Company (ADNOC).ENN Natural Gas said on its official WeChat account on Saturday that…
Ocean Winds, a 50-50 joint venture by EDP Renewables and ENGIE, has selected P&Q to construct an onshore substation for its 500 MW BC-Wind offshore wind farm in Poland.The contract includes the design, construction, installation and commissioning of an onshore power station…
Shell plans to complete a marine survey at Venezuela's offshore Dragon gas field before a U.S.-set May deadline to wind down all licenses related to energy projects in the country, sources close to the preparations said.Colombia-flagged survey vessel Dona Jose II arrived in U…
Woodside Energy Australia’s top gas producer, said on Monday it agreed to sell a 40% stake in its Louisiana liquefied natural gas plant to U.S. infrastructure investor Stonepeak for $5.7 billion.The deal reduces Woodside's capital spending needs…
The United States has revoked two licenses it had granted in recent years for the development of offshore natural gas projects between Trinidad and Tobago and Venezuela, the Caribbean country's prime minister, Stuart Young, said on Tuesday.Trinidad…
The Johan Castberg oil field in the Barents Sea came has come on stream, strengthening Norway’s role as a long-term energy exporter.The Arctic field came online on March 31, at 10.35 local time.Expected to be in production for 30 years, Johan Castberg can produce 220…
India is considering a proposal to scrap import tax on U.S. liquefied natural gas (LNG) to boost purchases and help cut the trade surplus with Washington, a key irritant for President Donald Trump, four government and industry sources said.The…
U.K.-based oil firm Serica Energy has informed that Triton floating production storage and offloading (FPSO) unit is not expected to come back online before May 2025, as the company works on finding a long-term solution to stabilize production with the operator Dana Petroleum…
Offshore accommodation rig provider Floatel International has finalized the sale of semi-submersible accommodation rig Floatel Reliance, which has been in lay-up since April 2016.The firm contract follows the previously announced agreement in…
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