Australian gas producer Woodside Petroleum Ltd's agreed merger with BHP Group's petroleum arm is in the best interest of its shareholders, an independent expert said, valuing the combined group at around $40 billion.Global miner BHP agreed to…
A German company will next month switch on a floating solar power plant it has built on a quarry lake, a rapidly-installed, renewable technology it says could help wean the country off Russian fossil fuels.BayWa r.e. said on Monday the photovoltaic…
Britain set out plans to expand nuclear and offshore wind power on Thursday to bolster its energy independence, but a failure to target improved energy efficiency even as heating costs surge was attacked for lacking ambition.With energy prices hitting record highs this year…
Norwegian energy company Equinor has partnered up with Naturgy, with the two firms entering a development agreement prior to Spain’s first upcoming offshore wind auction off the coast of the Canary Islands.The Spanish government plans to develop up to 3 GW of offshore wind by 2030…
Brazilian oil company PetroRio SA is close to agreeing on terms to purchase the Albacora Leste field from state-run oil company Petrobras, two sources with knowledge of the matter told Reuters, though talks around the neighboring Albacora field are proving more complex…
Oil prices tumbled more than $6 on Monday as fears over weaker fuel demand in China grew after financial hub Shanghai lockdown efforts to curb a surge in COVID-19 infections.Brent crude LCOc1 futures slid as low as $113.72 a barrel and were trading down $5…
Nauticus Robotics, Inc., a Houston-area developer of surface and subsea robots, autonomy software, and associated ocean services announced the appointment of Donnelly Bohan as the company’s new Chief Operating Officer, effective April 4, 2022…
U.S. oil company W&T Offshore said Tuesday it had acquired the remaining working interests in the oil and gas producing properties in the U.S. Gulf of Mexico bought earlier this year from an undisclosed private seller.The assets are located…
Danish energy group Ørsted on Friday reiterated that it has no intention of paying Russia's state-controlled gas company Gazprom in roubles and said the decision was not politically motivated.Russian President Vladimir Putin has demanded foreign…
HAL Holding, which on March 10 announced plans to launch a takeover offer for the Dutch marine services and dredging giant Boskalis' all remaining shares, said Thursday it was making good progress with the offer preparation.The company had said…
TotalEnergies Denmark has awarded IKM Testing AS a contract on the Tyra Redevelopment Project offshore Denmark. The award includes topside nitrogen helium leak testing and commissioning during the hook-up of seven new Tyra II platforms. In addition…
U.S. oil major ExxonMobil has made a final investment decision for its fourth and largest oil field development offshore Guyana - the Yellowtail - after receiving government and regulatory approvals.ExxonMobil said that the Yellowtail project in the Stabroek Block is expected to produce about 250…
Brazilian President Jair Bolsonaro has tapped a well-known academic and energy consultant as the next head of state-run oil company Petrobras, effectively ending the tenure of current CEO Joaquim Silva e Luna less than a year after he was appointed…
Odfjell Oceanwind, a Norwegian company that plans to make floating wind turbines to power offshore oil and gas drilling rigs and platforms, has appointed Eirik Knudsen as its Chief Financial Officer.'We are happy to welcome Eirik Knudsen as Chief Finance Officer to the Odfjell Oceanwind team…
Australian oil and gas company Karoon Energy plans to drill a control well and, subject to the results of that well, a second control well in the Neon oil discovery, offshore Brazil. 'This decision is based on extensive pre‐development studies…
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