Oil and gas company Kosmos Energy said Wednesday it had agreed to sell some of its frontier exploration asset interests to Shell for up to $200 millionShell will acquire Kosmos’ interest in blocks offshore São Tomé & Príncipe, Suriname, Namibia…
Australian oil and gas company Pilot Energy, with a stake in an offshore oil and gas block in the Northern Perth Basin, is now pursuing the development of an offshore wind farm in that same block.Pilot Energy said Friday it was starting a detailed…
Bursa Malaysia-listed oil and gas company Hibiscus Petroleum is looking to expand its asset portfolio through acquisitions of assets with strong production potential.Hibiscus, which owns offshore oil fields in Malaysia, Australia, and the UK North Sea…
U.S. Gulf of Mexico oil companies shut around 82 percent of oil production on Monday and evacuated personnel bracing for the impact of two tropical storms Marco and Laura.From operator reports, the U.S. Bureau of Safety and Environmental Enforcement said Monday that approximately 82…
Apollo Global Management will acquire a share in US Wind, an offshore wind energy development company, via an investment of up to $265 million.'Apollo Funds have committed to invest through convertible debt and equity up to $265 million to acquire…
The worsening stand-off in the eastern Mediterranean, frequently described as a gas conflict, has been gaining momentum. It may seem a strange time to be fighting over gas when prices remain in a slump due to weak demand and investors withdrawing…
Germany's largest power producer RWE plans to spend part of its 7 billion euro ($8.4 billion) war chest on growing its 24.7 gigawatt pipeline of renewables projects, its CFO said, just weeks after BP announced a major low-carbon push.'A pipeline needs to be worked on constantly…
BHP Group said on Tuesday it plans to sell its 50% stake in the Australian Bass Strait oil and gas venture as it seeks to focus on its higher-value petroleum assets.The Bass Strait joint venture is co-owned and operated by Exxon Mobil Corp, which has also put its 50% stake up for sale…
Turkey drew another rebuke from the European Union on Sunday when it said its Yavuz energy drillship would extend operations in disputed Mediterranean waters off Cyprus until mid-September.Yavuz will be accompanied by three other Turkish ships…
The Norwegian government plans to give NOK 21 million or about $12,6 million to the organizers of an oil and gas event that had to be canceled this year after the authorities imposed a ban on events of more than 500 people.The decision to cancel…
Danish offshore construction company Bladt has appointed Anders Søe-Jensen, the former head of both Vestas Offshore Wind and GE Offshore Wind, as its new CEO.He will be succeeding Klaus Steen Mortensen who has decided to step down due to a chronic but not a life-threatening heart condition…
Oslo-listed offshore drilling contractor Awilco Drilling posted a loss of $4,6 million in the second quarter of 2020, on contract revenue of $6,1 million.The offshore drilling company currently has two drilling rigs, of which one rig in operation - the semi-submersible drilling rig WilPhoenix…
Zupt, LLC, based in Houston, Texas has recently completed their 15th unmanned survey service in which there were absolutely no survey personnel mobilized offshore – only our standard survey equipment and a “communications rack” that allows for serial…
UK-based offshore energy equipment maker Subsea Energy Solutions is expanding into Brazil following signing a sales agreement with Marine and Offshore Partners.Subsea Energy Solutions said Wednesday that Rio-based M&O Partners would help it…
Offshore drilling contractor Stena Drilling has had its asset management software system on six offshore rigs replaced.The company hired UK-based tech firm SRO Solutions which, over the course of 14 months replaced its existing asset management system with IBM’s Maximo software…
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