Brazilian state-run oil company Petrobras has received approval from its board to acquire a 10% stake from TotalEnergies in Deep Western Orange Basin (DWOB) block, offshore South Africa.The DWOB block is located in deep waters in the Orange Basin…
Brazilian oil and gas company PRIO has signed a sale and purchase agreement with SPEP Energy Hong Kong Limited and Sinochem International Oil for the acquisition of 40% interest in the Peregrino and Pitangola fields in the Campos Basin, offshore Brazil…
The chief executive of Brazilian oil company Prio is 'optimistic' about talks with China's oil and chemicals firm Sinochem for the potential purchase of a stake in the Peregrino oil field, he told Reuters on Wednesday.No binding agreement has been reached so far…
TotalEnergies has started the production from the Fenix gas field, off the coast of Tierra del Fuego in Southern Argentina.The Fenix field, located 60 km offshore, is part of the Cuenca Marina Austral 1 (CMA-1) concession, in which TotalEnergies holds a 37…
Turkish state energy company Botas has signed a 10-year agreement to import liquefied natural gas (LNG) from French oil major TotalEnergies beginning in 2027, Turkish Energy Minister Alparslan Bayraktar said on Wednesday.The deal, which was…
Danish subsea cable and services firm NKT has taken part in the repair of export cables at 600 MW Gemini offshore wind in the Netherlands, which has been put back to full operation.A group of cable and energy specialists, including a repair team from NKT…
The U.S. Federal Trade Commission is expected to greenlight U.S. oil producer Chevron's purchase of Hess as soon as this week, two people familiar with the matter said, leaving Exxon Mobil's challenge to the $53 billion deal as its final hurdle…
South Korean conglomerate Hanhwa Group has offered to acquire all of the shares it does not own in Singapore's Dyna-Mac Holdings, valuing the offshore oil and gas contractor at S$669.2 million ($513.90 million).Hanhwa's units Hanhwa Aerospace and Hanwha Ocean already own a 25…
Offshore drilling contractor Seadrill is looking to buy more assets or create a larger player by merging with peers, the company's CEO said on Wednesday.Norwegian-born billionaire John Fredriksen lost the control of the company, once the world's largest driller by market cap…
More than half of specialized foundation components for the 924 MW Sunrise Wind project have already been built, as the construction for the New York’s largest offshore wind farm continues at Port of Coeymans Assembly Hub.The developer of the project…
Investors were more bearish than ever on crude oil last week, deepening a months-long selloff that pressured prices to multi-year lows amid growing concerns of weak demand in top consuming nations.Negative sentiment swept oil markets so strongly…
China's state-owned oil and gas firm China National Offshore Oil Corporation (CNOOC) ha started production from its Wushi 17-2 oil field development project in Beibu Gulf in South China Sea.The main production facilities include a new wellhead platform and an oil and gas processing terminal…
Talos Energy and its partners have discovered commercial quantities of oil and natural gas in the Ewing Bank 953 well in the Gulf of Mexico.The EW 953 well encountered approximately 127 feet of net pay in the target sand at approximately 19…
President Joe Biden's administration on Thursday announced final approval of a wind project off the coast of Maryland, bringing the U.S. halfway to its goal of deploying 30 gigawatts of the clean energy technology by 2030.The project is the 10th approved by Biden's Interior Department…
The partners in the offshore Aphrodite natural gas field have submitted a plan to the Cypriot government to develop the project at a cost of about $4 billion, Israel's NewMed Energy said on Sunday.NewMed said that together with partners Chevron…
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