Brazilian oil and gas company Enauta has decided to stop production from the Petrojarl I floating production storage and offloading (FPSO) to perform modifications related to selected equipment maintenance after inspections at the process plant at the Atlanta field…
Mexico's President Andres Manuel Lopez Obrador said on Friday that businessman Carlos Slim is interested in participating in the country's first deepwater natural gas project, working alongside state energy company Pemex.In March, Reuters reported…
German oil and gas company Wintershall Dea has sold its 10% interest in Abu Dhabi's Ghasha Concession to Thailand’s PTT Exploration and Production Public Company Limited (PTTEP) as part of its exit strategy from the United Arab Emirates, ahead of announced business combination with Harbour Energy…
Singapore's Temasek Holdings is finalizing the sale of some assets from liquefied natural gas (LNG) trading firm Pavilion Energy to Shell with a deal set to be completed in the coming days, two sources with knowledge of the matter said.The deal will provide Shell…
ConocoPhillips is in advanced talks to buy Marathon Oil in an all-stock deal that could value the Houston-based company at a little over its $15 billion market value, the Financial Times reported on Wednesday citing people briefed on the matter…
Portfolio investors purchased petroleum contracts for the first time in seven weeks as traders squared up short positions ahead of a meeting of OPEC⁺ ministers to decide production policy in the second half of 2024.Hedge funds and other money…
OPEC+ agreed on Sunday to extend most of its deep oil output cuts well into 2025 as the group seeks to shore up the market amid tepid demand growth, high interest rates and rising rival U.S. production.Brent crude oil prices LCOc1 have been trading near $80 per barrel in recent days…
The New York State Energy Research and Development Authority (NYSERDA) said on Tuesday it had finalized contracts for Equinor's Empire Wind 1 and Orsted's and Eversource's Sunrise Wind offshore wind projects.NYSERDA in February awarded conditional…
Three British energy companies have decided to delay by a year the planned start of oil production at their joint-venture oilfield in the North Sea, citing the need for clarity on the fiscal policies of the next government.Jersey Oil and Gas…
An outage of Norway's gas exports to Britain via the Langeled pipeline was extended by two days until the morning of June 7 as repair work continued, Norwegian system operator Gassco said on Tuesday.The outage, which Gassco attributed to a crack…
Top U.S. independent oil and gas producer ConocoPhillips on Wednesday agreed to buy Marathon Oil $22.5 billion, the latest in a series of mega-deals in the energy industry.The U.S. oil and gas industry has been riding a consolidation wave over…
Canada-based oil and gas company Valeura Energy has started development drilling operations at Nong Yao C extension, having completed the infill drilling campaign at Nong Yao A, offshore Thailand.Valeura has drilled two production-oriented horizontal wells at the Nong Yao A wellhead platform…
The repair work on the cable which connects the 309 MW Rentel offshore wind farm to the Belgium’s mainland has been completed approximately four months after the failure.The fault was located just below the Rentel transformer platform. A new section of cable…
Maryland Governor Wes Moore signed a bill aimed at reevaluating and potentially revising existing offshore wind project plans, setting the stage for the state's goal of achieving 8,500 megawatts of offshore wind energy capacity by 2031.The bill…
Malaysia-based offshore services provider Carimin Resources Services, a subsidiary of Carimin Petroleum, has signed an agreement with Penguin Shipyard Asia for the acquisition of unregistered crew boat newbuild, worth $4.96 million.The newbuild…
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