French oil major TotalEnergies on Thursday announced the commissioning of the Cape Ann, its floating storage and regasification unit (FSRU) for liquefied natural gas (LNG) located in the port of Le Havre. The terminal injected its first megawatt-hours (MWh) of gas into the grid operated by GRTgaz…
Chevron agreed to buy U.S. rival Hess for $53 billion in stock in a deal that reflects top U.S. energy companies drive for oil and gas assets in a world seeking lower-risk future fossil supplies and higher shareholder returns. The proposed deal amps up competition between Chevron…
Saudi Energy Minister Prince Abdulaziz bin Salman said on Tuesday that recent multi-billion dollar acquisitions by U.S. oil majors Exxon Mobil and Chevron of smaller rivals showed that hydrocarbons were 'here to stay'.'Exxon, Chevron didn't buy because they want to have stranded assets…
A consortium between Denmark's Semco Maritime and Vietnam's PTSC Mechanical & Construction (PTSC M&C), has won an engineering, procurement, and construction (EPC) contract for a 500 MW offshore wind farm substation project.The project is part of the Feng Miao offshore wind farm…
Norwegian oil and gas company Aker BP, and its Austrian partner OMV, have completed the acquisition of a 3D seismic survey over the Poseidon CCS license area (licence EXL005) in the Norwegian North Sea, OMV said Wednesday.The Poseidon CCS license…
U.S. energy major Exxon Mobil said it would acquire Pioneer Natural Resources in a deal valued at $59.5 billion to more than double the company's presence in the Permian Basin, the largest shale play in the U.S.. Once completed, it would be…
Three U.S. states in New England - Massachusetts, Rhode Island and Connecticut - on Wednesday agreed to jointly procure offshore wind power as soaring interest rates and rising equipment and labor costs have made some projects uneconomic.By joining forces…
Macquarie is considering selling its 25% stake in Race Bank, a 573-megawatt offshore wind farm located off Britain's Norfolk coast, according to two sources with knowledge of the matter.The infrastructure group is working with advisors on the sale…
A panel reviewing a $2 billion offer by Abu Dhabi's national oil company and BP to acquire a 50% stake in Israeli gas producer NewMed has recommended raising the asking price by over 10%, casting doubt over the deal, sources said.The proposed…
China-based offshore drilling contractor China Oilfield Services Limited (COSL) said this week it had agreed to buy four jack-up drilling rigs from Dalian Shipbuilding Offshore.COSL's subsidiaries have agreed to buy four JU2000E jack-up drilling rigs at a total contract price of RMB3…
The Norwegian offshore vessel owner Golden Energy Offshore Services AS (“GEOS”) said Wednedsay it had entered into a memorandum of agreement (the “MoA”) with an undisclosed buyer for the sale of the subsea support vessel VOS Sugar.The VOS Sugar…
High levels of gas storage, lower energy prices and new sources of fuel mean Europe is heading into a second winter with scarce Russian gas in a more comfortable position than a year ago.After decades of relying on Russia to supply cheap gas…
Oil and gas company BW Energy has brought online the fourth well of the Hibiscus / Ruche Phase 1 development in the Dussafu licence offshore Gabon. 'Well performance is in line with expectations with current production at approximately 6,500 barrels per day…
Seismic group TGS, a supplier of key data to the oil industry, has agreed to buy loss-making rival PGS in an all-share deal valued at 9.3 billion Norwegian crowns ($864 million), the two Oslo-listed companies said on Monday.The groups expect 'significant economies of scale' from the combination…
India's state-run Oil and Natural Gas Corp wants to eventually receive a share of crude from a Russian project it partly owns, but is willing to wait because Russian oil is hard to ship right now, the head of ONGC's overseas investment arm, ONGC Videsh…
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