Mexico's independent oil regulator on Tuesday approved deepwater exploration plans for five areas operated by Royal Dutch Shell Plc in Mexican waters near the U.S. maritime border.The plans commit the Anglo-Dutch oil major to invest at least $397 million over the next four years…
Royal Dutch Shell on Tuesday said it expects to increase its dividend payouts to shareholders once it completes a $25 billion share buyback by the end of 2020.The world's second largest oil and gas company also expects its free cash flow - cash…
Energy firm Innogy , in the process of being broken up by parent RWE and rival E.ON, could team up with oil majors to build offshore wind farms in the booming U.S. market, one of its board members said.Projects off the U.S. coast have become a major target for utilities in Europe…
Lukoil said it has signed a preliminary agreement with Kazakhstan's state energy company to develop the I-P-2 license block in the Kazakh Sector of the Caspian Sea.Lukoil president Vagit Alekperov signed the Heads of Agreement deal with JSC NC KazMunayGaz chairman Alik Aidarbayev at the 23rd St…
After a tough handful of years with an oversupplied offshore supply vessel (OSV) market, OSV companies may be finding the tide is finally turning.At the peak of the last upturn, OSV companies were ordering newbuilds to meet projected demand…
Oil and natural gas producer W&T Offshore has discovered oil at the Gladden Deep prospect in Mississippi Canyon block 800 in the deepwater Gulf of Mexico.W&T is operator of the well, which is one of 14 planned for the drilling program under the Monza JV…
Norwegian energy giant Equinor has received the green light to build a 200-MW floating offshore wind farm (OWF) off the coast of the Canary Islands.According to local media report, the energy major planning to invest around €860M to the OWF off Spain's Gran Canaria island…
Oil workers have been evacuated from the Statfjord A platform in the North Sea after it was struck by a platform supply vessel (PSV), Norwegian oil and gas company Equinor said on Friday.The platform was not producing when it was struck by the…
Israel on Thursday extended its tender by a month to grant new licenses for offshore oil and natural gas exploration.The deadline for bids was due by June 17 but the Energy Ministry extended it until July 15, with the winners to be announced on August 12…
American multinational oil and gas corporation ExxonMobil and its partners said that they will further invest in Block 15 offshore Angola to increase production as part of an agreement with Angola’s recently established National Agency for Petroleum…
Oil and gas producer Occidental Petroleum Corp said on Tuesday the U.S. Federal Trade Commission has granted approval for its proposed $38 billion deal to buy Anadarko Petroleum Corp.The waiting period required for companies under the Hart-Scott…
Israel's Delek Group moved closer to listing its Ithaca Energy subsidiary on Thursday by buying most of Chevron's British North Sea oil and gas fields for $2 billion.Under pressure from a fall in oil prices to near 14-year lows of $26 a barrel in 2016…
Offshore scientific services company TDI-Brooks International said on Tuesday it has completed two Environmental Baseline Studies (EBS) for ExxonMobil offshore Guyana.The US supermajor is operator of several blocks offshore Guyana, including Canje…
North American brownfield redevelopment firm Commercial Development Co. Inc. (CDC) has announced an expanded port operations agreement at the Brayton Point Commerce Center, a former Massachusetts coal plant being redeveloped into an offshore wind hub…
An online prediction tool is being developed to help operators calculate the operational risk of a hydrate blockage in subsea gas condensate systems in real time.Ice-like methane hydrates, which form inside the pipe and can eventually build up to create a blockage…
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