Karoon Energy sees strong growth prospects in Brazil, where it started producing oil last year, working to more than double output by 2023 and considering two options to develop another field by mid-decade, its chief executive said on Monday…
Germany-based food retailer REWE has signed a 10-year power purchase agreement with Ørsted to procure 100 MW of electricity from Ørsted’s Borkum Riffgrund 3 offshore wind farm which is set to become operational in 2025.The deal marks REWE Group’s…
Royal Dutch Shell Plc said its Enchilada/Salsa and Auger assets in the Gulf of Mexico were back online after they were shut due to Hurricane Ida.'Our Enchilada/Salsa and Auger assets are now back online,' Shell said in a statement late on Friday about the facilities southwest of New Orleans…
U.S. investment firm Kohlberg Kravis Roberts (KKR) has agreed to buy Norwegian ship owning company Ocean Yield for 7.2 billion Norwegian crowns ($829 million), the two companies said in a joint statement on Monday.KKR's bid of 41 Norwegian crowns…
UK North Sea-focused oil and gas company Serica Energy has appointed Andy Bell as Chief Financial Officer and a director of the company.Bell, 69, joined Serica in 2017 as VP Finance after previously providing financial consultancy services to Serica…
Chevron Corp on Wednesday said its offshore facilities in the Gulf of Mexico appeared to be undamaged after Hurricane Ida. The company also said it began redeploying personnel to assess the damage to its offshore facilities in the U.S. Gulf of Mexico from Hurricane Ida and to restore production…
Shell said its crew-change heliport in Houma, Louisiana, sustained 'significant damage' as a result of Hurricane Ida and that it would halt crew changes to and from its sites until a temporary heliport is established.The company said it is still assessing assets that were in the path of the storm…
Mexican state oil firm Petroleos Mexicanos (Pemex) said on Monday that it has resumed 421,000 barrels per day in oil production and brought back online 125 wells following a deadly fire at an offshore platform on Aug. 22.The accident in the…
Chinese national offshore oil and gas company CNOOC has started production from its Bozhong 26-3 oil field expansion project in the south of Bohai Sea, The field is located in an area with an average water depth of around 21 meters. 'In addition to fully utilizing the existing processing facilities…
Oslo-listed offshore vessel operator DOF Subsea has secured a 6-month extension to a contract in Africa.The company said that the project, with an unnamed client and at an undisclosed location, would continue using the Skandi Seven throughout the extended duration…
TechnipFMC, a company best known for its offshore oilfield services and equipment, is looking to diversify its offering and has now joined forces with Loke Marine Minerals (Loke) to develop enabling technologies for the extraction of seabed minerals in Norway…
The U.S. Coast Guard will next week hold a formal public hearing to consider evidence related to the April 2021 capsizing of the liftboat Seacor Power and the death of 13 of its 19 crewmembers in the Gulf of Mexico.The Seacor Power liftboat capsized…
According to Jim McCaul, Managing Director at IMA/World Energy Reports, Guyana has a huge appetite for FPSOs. Here's a brief 'by the numbers' look:The Stabroek Block covers 26,800 sq km containing multiple prospects and playsThere are 20+ discoveries…
Malaysian oil and gas firm Petronas said Friday that Petrofac had brought online the East Cendor field in Block PM304, 40 kilometers offshore Peninsular Malaysia.The field was developed by Petrofac as the operator and Kuwait Foreign Petroleum Exploration Company and Petronas Carigali as partners…
Japan has been largely forgotten as a source of demand for energy commodities, overshadowed by the rapid rise of China, but the country's new electricity generation targets will shake the market up.For many years Japan has been viewed as a largely…
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