Wales’ largest electricity producer RWE has entered a partnership with steel maker Tata Steel to explore the production of steel components that could be used in gigawatt-scale floating offshore wind projects in the Celtic Sea.'The co-operation…
Europe's move away from Russian gas provides a ready and lucrative market for a vast project being developed in West Africa, Mauritania's oil minister said on Thursday.As Russia has reduced gas supplies to Europe and Europe seeks to limit its dependence on Russian gas…
Oil and gas company BW Energy has agreed to buy Saipem's Cidade de Vitoria FPSO for $73 million in cash. The vessel is currently owned by Saipem and operated for Petrobras in the Golfinho field offshore Brazil.The sale and purchase of the FPSO…
Italian energy services group Saipem said on Wednesday it would launch a planned 2 billion-euro ($2.10 billion) rights issue from June 27 as it strives to bolster its finances and re-focus its business after a surprise profit warning in January…
The Philippines' outgoing foreign minister said on Thursday that talks over joint energy exploration between his country and China in the South China Sea had been terminated, citing constitutional constraints and issues of sovereignty.The two…
Brazilian state-controlled oil company Petrobras has bought its first cargo of Guyanese crude for refining domestically, the company told Reuters, as South America's newest producer expands its market reach.With the start of a second floating production facility in February…
ION Geophysical has completed the reprocessing and reimaging of approximately 19,100 km² of 3D seismic data offshore West Africa for its Mauritania 3D reprocessing program. The multi-client program was undertaken through an exclusive agreement with the Ministry of Petroleum…
Australian offshore support vessel owner MMA Offshore has agreed to buy Perth-based Subcon, a company that provides innovative stabilization, coastal erosion, and engineered reef solutions to the oil and gas, offshore wind, coastal infrastructure…
Five oil and gas companies in Norway, partners in the Troll and Oseberg fields in the North Sea, are looking to build a 1GW floating wind farm in the Troll area, with the plan to use the wind farm to power oil and gas installations. The final investment decision could be made in 2023…
Global group Libra has acquired a U.S. shipyard through a subsidiary to capitalize on growing shipbuilding demand for the offshore wind industry as Washington accelerates efforts to boost cleaner power, top company executives said.U.S. President…
Following Russia's invasion of Ukraine, European countries have escalated efforts to wean themselves off Russian gas. FSRUs increasingly are in demand to fill the gap.Following Russia's invasion of Ukraine, European countries have escalated efforts to wean themselves off Russian gas…
Ukrainian forces attacked drilling platforms in the Black Sea owned by a Crimean oil and gas company, the pro-Russian head of the annexed peninsula said on Monday, giving no details of what weapons were used.Three people were wounded and a search…
Jack-up drilling rig specialist Shelf Drilling has agreed to buy the Deep Driller 7 jack-up drilling rig from the Indian offshore drilling company Aban Offshore. Shelf Drilling will pay $30 million for the 2008-built jack-up drilling unit. The rig is of Baker Marine Pacific Class 375 design…
Lebanon is preparing to offer a compromise to U.S. energy envoy Amos Hochstein to resolve a dispute with Israel over maritime gas resources, three Lebanese officials with knowledge of the negotiations told Reuters.Hochstein landed in Beirut on Monday at the invitation of the Lebanese government…
EU sanctions on Russia’s petroleum exports and easing lockdowns in China have encouraged portfolio investors to become more bullish on oil prices despite the steadily darkening outlook for the major economies.Hedge funds and other money managers…
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