Mediterranean-focused oil and gas producer Energean reported a 41.2% slump in first-half profit, dented by higher tax expense, and also trimmed its full-year production forecast to 125,000-130,000 barrels of oil equivalent per day (boed).Energean…
Greenhouse gas emissions from UK offshore oil and gas production were cut for the third consecutive year in 2022, the UK North Sea Transition Authority said Tuesday.'Last year’s estimated 3% reduction contributed to a 23% drop in greenhouse gas emissions between 2018 and 2022…
Hunting reported first-half core profit that more than doubled on Thursday and announced plans to slim down its non-core assets as the British oil and gas services firm aims to expand its presence in the energy transition markets.Shares fell by 7% in early trading…
The U.S. Gulf Coast region, the nation's primary offshore source of oil and gas, has cheap electricity and lacks state mandates for renewable energy procurement, making it an unlikely place to expand one of the most expensive forms of clean energy…
As the pace of offshore wind installation accelerates globally, all eyes turn to tools and techniques that will enable efficient installation and lifecycle protection of offshore wind towers. Balmoral, with decades of experience protection offshore oil and gas infrastructure…
Shares in European oil producers, miners and other companies with large exposures to Gabon plummeted on Wednesday after a military coup raised concerns over their operations in the resource-rich African country.London-listed oil producer Tullow Oil fell as much as 12% in afternoon trading…
The offshore supply vessel industry has weathered a tumultuous decade characterized by a prolonged trough that tested the resilience of vessel owners. However, the tides have turned, and the industry is now experiencing a strong and much-awaited revival…
Global oil major BP said the world must invest in the production of oil and gas to avoid sharp price spikes while accelerating the energy transition to combat greenhouse gas emissions.Global gas prices surged seven-fold last year as 3% of global…
International well plug and abandonment specialists Well-Safe Solutions have announced Well-Safe Resources; a new business function focusing on deploying well engineering and project management talent worldwide.The newly-formed Well-Safe Resources service offering will be headed by Steve Combe…
Only one of three available areas was sold during the United States' first ever offshore wind lease sale in the Gulf of Mexico on Tuesday.The auction, held by the Interior Department's Bureau of Ocean Energy Management (BOEM) offered up three sites for offshore wind development…
Harbour Energy narrowed its annual production forecast range on Thursday, pulled down by a halt in sub-sea and platform drilling and a delay in some Beryl oilfield production wells coming online.Shares in Britain's largest North Sea oil and gas producer fell by more than 2% in morning trade…
Denmark's Orsted, the world's No. 1 offshore wind farm developer, said on Wednesday it anticipates impairments of up to 5 billion Danish crowns ($729.78 million) on its U.S. portfolio, as there is an increasing risk in its suppliers' ability to deliver on their commitments…
Sarawak Shell Berhad, a subsidiary of Shell plc, has announced that gas production has started at its Timi platform in Malaysia under the SK318 production sharing contract.Timi features Shell’s first wellhead platform in Malaysia that is powered by a solar and wind hybrid power system…
Norway will narrowly avoid a power deficit the next five years despite few production additions, as the last two years' high prices led to more permanent demand cuts, the Norwegian Water Resources and Energy Directorate (NVE) predicted on Monday…
The U.S. Department of the Interior's Bureau of Ocean Energy Management (BOEM) on Tuesday approved the construction of a 704-megawatt (MW) wind farm off the coast of Rhode Island, the fourth major offshore wind project the agency has greenlit…
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