Ithaca Energy has been given a four-week exclusivity period by Italy's Eni to make an offer for UK exploration and production assets that could expand its output massively, the London-listed company said on Wednesday.Buying those assets, including those of Eni's recently acquired Neptune Energy…
Norwegian oil and gas companies Equinor and DNO have completed appraisal well and sidetrack that further delineated the 2023 Heisenberg oil and gas discovery, which is now estimated to hold recoverable volumes in the range of 24 to 56 million barrels of oil equivalent (MMboe)…
Italy's Eni said on Thursday it would embrace transition by creating separate units specialising in carbon capture and bio chemicals, adding to already existing renewable energy and biofuel subsidiaries.The four units would eventually attract…
Oil and gas company Energean has brought the Karish North and second gas export riser online at the Karish field in the Mediterranean Sea, offshore Israel.Karish North first gas was safely achieved on February 22, 2024, Energean informed. The…
Exxon Mobil Corp on Wednesday said it filed a contract arbitration claim disputing Hess Corp's proposed sale of its Guyana oil properties, and suggested it may counter Chevron Corp's pending deal for the assets.The arbitration case seeks to…
BP said on Friday its overall carbon emissions climbed in 2023 for the first time since 2019 as the company started up new oil and gas projects and increased its production levels.BP's so-called Scope 3 emissions, caused by the burning of the oil and gas produced by the company…
U.S. oil producer Hess said on Thursday it was reviewing the timeline for closing its merger with Chevron, after oil major Exxon Mobil signaled a potential counter offer for Hess's Guyana assets.Exxon on Wednesday filed a contract arbitration…
Shares of Brazil's state-run oil company Petrobras plunged more than 11% in opening trading in Sao Paulo on Friday, after the firm's dividend frustrated investors and triggered analyst downgrades.In a fourth-quarter earningsrelease late on Thursday…
Brazil, Guyana and Suriname have agreed to deepen discussions on cooperation in the oil and gas sector, according to a joint statement released by the countries on Thursday after a meeting between their presidents.Guyana President Irfaan Ali…
ExxonMobil's surprise challenge to Chevron's acquisition of Hess through a dispute over a stake in a major Guyana oil field could prove fruitful for the U.S. oil giant, even if it does not end up enlarging its holdings in the South American country…
Valeura Energy has bought the Nong Yao field’s FSO Aurora for $19 million, and expanded the drilling program at its Wassana field in light of favorable initial results.In a February 13 update shared by the company, Valeura said it had exercised…
Years of network expansion on land in Germany has led to a drop in the proportion of offshore wind power contributed from the North Sea to the country's total wind energy output, Dutch grid operator TenneT said on Monday.In 2023, the share of…
Brazilian oil company Petrobras said on Wednesday it had notified the country's energy policy council it would exercise its preferential rights to acquire the Jaspe oil block.The offshore block, located in the Campos Basin, would be tendered by the country's regulator…
Dutch company Huisman has secured a contract from Subsea 7 for the delivery of its 500MT offshore mast crane for one of pipelay vessels for deep water installations.The 500mt Offshore Mast Crane will be equipped with a passive and active heave…
The holiday season is here, and in the best traditions of Offshore Engineer, we bring you the top festive videos shared by offshore industry companies this year as well.With plenty of ‘short and sweet’ videos to choose from, this year’s round up starts with our top three favorites coming from Fugro…
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