China's top offshore oil and gas producer CNOOC Ltd. is preparing to exit its operations in Britain, Canada, and the United States, because of concerns in Beijing the assets could become subject to Western sanctions, industry sources said.Ties…
Stockholm-based Maha Energy AB remains interested in purchasing Petrobras' stake in the Tartaruga oil field in northeastern Brazil after the company's first attempt at buying the asset was unsuccessful, Victoria Berg, the company's investor relations officer…
Norwegian oil company Aker BP produced 208,200 barrels of oil equivalents per day (boepd) in the first quarter, up from 207,000 boepd in the previous three months, the company said on Wednesday.However, output remains below the company's guidance of 210…
Australian gas producer Woodside Petroleum Ltd's agreed merger with BHP Group's petroleum arm is in the best interest of its shareholders, an independent expert said, valuing the combined group at around $40 billion.Global miner BHP agreed to…
A German company will next month switch on a floating solar power plant it has built on a quarry lake, a rapidly-installed, renewable technology it says could help wean the country off Russian fossil fuels.BayWa r.e. said on Monday the photovoltaic…
Britain set out plans to expand nuclear and offshore wind power on Thursday to bolster its energy independence, but a failure to target improved energy efficiency even as heating costs surge was attacked for lacking ambition.With energy prices hitting record highs this year…
Subsea services company DOF Subsea has recently carried out an offshore decommissioning contract for Repsol Sinopec Resources UK, achieving a 99% rate for the combined recycling and repurposing of recovered materials.The offshore works at the Buchan and Hannay fields in the UK North Sea…
Norwegian energy company Equinor has partnered up with Naturgy, with the two firms entering a development agreement prior to Spain’s first upcoming offshore wind auction off the coast of the Canary Islands.The Spanish government plans to develop up to 3 GW of offshore wind by 2030…
Nauticus Robotics, Inc., a Houston-area developer of surface and subsea robots, autonomy software, and associated ocean services announced the appointment of Donnelly Bohan as the company’s new Chief Operating Officer, effective April 4, 2022…
U.S. oil company W&T Offshore said Tuesday it had acquired the remaining working interests in the oil and gas producing properties in the U.S. Gulf of Mexico bought earlier this year from an undisclosed private seller.The assets are located…
Danish energy group Ørsted on Friday reiterated that it has no intention of paying Russia's state-controlled gas company Gazprom in roubles and said the decision was not politically motivated.Russian President Vladimir Putin has demanded foreign…
Norwegian energy company Equinor has hired Technip Energies to carry out a Front-End Engineering Design (FEED) for the offshore floating wind Firefly project, located 70 kilometers offshore the East Coast of South Korea.The FEED contract covers the engineering…
HAL Holding, which on March 10 announced plans to launch a takeover offer for the Dutch marine services and dredging giant Boskalis' all remaining shares, said Thursday it was making good progress with the offer preparation.The company had said…
TotalEnergies Denmark has awarded IKM Testing AS a contract on the Tyra Redevelopment Project offshore Denmark. The award includes topside nitrogen helium leak testing and commissioning during the hook-up of seven new Tyra II platforms. In addition…
U.S. oil major ExxonMobil has made a final investment decision for its fourth and largest oil field development offshore Guyana - the Yellowtail - after receiving government and regulatory approvals.ExxonMobil said that the Yellowtail project in the Stabroek Block is expected to produce about 250…
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