Oil majors TotalEnergies and Chevron Corp, partners in a major gas project in Myanmar, said on Friday they were withdrawing from the country, citing the worsening humanitarian situation following last year's coup.Shell, in its first public acknowledgment of the move…
Europe's Big Oil companies are planning to spend their windfall from high energy prices on becoming Small Oil.Surging oil and gas prices in 2021 delivered billions of dollars in profits to top oil companies, in stark contrast to the previous…
New Fortress Energy has signed a Memorandum of Understanding (MOU) with Mauritania for the development of an Energy Hub, including natural gas, power, liquefied natural gas ('LNG'), and blue ammonia, using existing offshore gas reserves off the coast of Mauritania…
Offshore vessel operator Rem Offshore said Friday it had agreed to buy four platform supply vessels from K-Line Offshore AS, which is set to be dissolved and cease to exist.K-Line Offshore, was established in Norway by Kawasaki Kisen Kaisha (K” LINE) in 2007…
UK-based tidal energy technology firm Orbital said Wednesday it would qualify multiple applications for submission into the UK Government’s Allocation Round 4 (AR4) of the Contracts for Difference (CfD) scheme.'Following a series of good news stories for tidal energy commercialization in 2021…
NEO Energy has completed the previously announced acquisition of a portfolio of non-operated oil and gas assets in the UK Central and Northern North Sea from ExxonMobil. The company made the announcement on Wednesday.North Sea-focused oil company…
Energy group Eni could list more than 30% of its new retail and renewables business in what is likely to be one of Italy's biggest initial public offerings next year, sources said.The company said last month https://www.reuters.com/business/energy/italys…
Halliburton has not proposed buying Exxon Mobil's stake in Iraq's West Qurna 1 oilfield, a spokesperson for the U.S. oil services company said on Wednesday, denying comments from a senior official from Iraq's Basra Oil Co. (BOC).'We are not…
Eneti, an offshore wind installation company in the making, said Thursday it had entered into a binding agreement for the construction of one wind turbine installation vessel (WTIV).The company, formerly known as Scorpio Bulkers, ordered the…
Exports of Norway's major crude stream Johan Sverdrup will drop sharply in January to 471,000 barrels per day (bpd) compared with 536,000 bpd in December, a loading program showed on Tuesday.The program is the smallest since July this year.…
Nigeria's Seplat Energy along with a partner is in talks to buy ExxonMobil's shallow-water oilfields in the African nation, the company said on Monday, cautioning there was no certainty about the outcome.In recent years, Exxon has been exiting…
Viasat agreed to buy British rival Inmarsat on Monday in a $7.3 billion deal to broaden the U.S. based company’s satellite and land-based communications services.The takeover of London-based Inmarsat comes just two years after it was taken private in a $3…
Royal Dutch Shell said on Monday it would scrap its dual share structure and move its head office to Britain from the Netherlands, pushed away by Dutch taxes and facing climate pressure in court as the energy giant shifts from oil and gas.The company…
Exxon Mobil Corp's chief executive said on Wednesday the company is confident it will hit a target to double earnings and cash flow from operations, adding that consumers and governments must decide how quickly the world moves to cleaner fuels…
Japanese company Marubeni Corporation has signed a Memorandum of Understanding with Scottish Enterprise on collaboration for the decarbonization of Scotland including floating offshore wind and green hydrogen businesses.The Scottish Government…
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