U.S. Gulf of Mexico-focused oil and gas company W&T Offshore has agreed to buy working interests in and operatorship of oil and gas producing properties in Federal shallow waters in the central region of the Gulf of Mexico from privately-held…
A tight physical market and buoyant demand from Asia helped prop up prices for West African crude on Monday.A narrow WTI-Brent spread was favoring flows of lighter West African grades into Asia as opposed to competing American crude grades, traders said…
INEOS, a global chemical company, has agreed a long-term Power Purchase Agreement for renewable offshore wind power in Belgium with Eneco.Under the terms of the ten-year deal, which begins in 2022, INEOS will buy 65,5-Megawatt (250 GWh per year) of offshore wind power from Eneco…
Portfolio investors have started to rebuild bullish positions in the oil market, reassessing earlier fears about the likely impact of the Omicron variant of coronavirus on major economies and passenger aviation in 2022.Hedge funds and other…
OPEC+ is expected to stick to its plans for a February output increase when it meets on Tuesday, predicting a mild and short-lived impact on demand from the Omicron coronavirus variant, three sources from the group of oil producers told Reuters on Monday…
Courts in four Brazilian states have suspended a 50% hike in natural gas prices planned by state-run oil company Petrobras, likely kicking off an intense legal battle between the firm, the distributors that buy its fuel and various political authorities…
Wind speeds were milder than usual in Europe this year, so windmills across the bloc generated less electricity which worsened a crunch that sent power prices to record highs as utilities had to buy more coal and scarce, costly, natural gas…
Offshore vessel operator Rem Offshore said Friday it had agreed to buy four platform supply vessels from K-Line Offshore AS, which is set to be dissolved and cease to exist.K-Line Offshore, was established in Norway by Kawasaki Kisen Kaisha (K” LINE) in 2007…
No year is the same without the annual corporate festive YouTube videos. And while the pandemic is yet again trying to do its best to ruin our holidays, offshore companies have still provided us with a crop of Christmas cheer.Oceaneering, again…
ASX-listed SRJ Technologies Group plc has struck a deal to buy the UK-based oilfield services firm STATS.STATS said Tuesday that its shareholders had executed a Share Purchase Agreement to sell 100% of the issued share capital of the company to SRJ Technologies…
An offshore oil block in Ivory Coast controlled by Eni is expected to enter production in the second quarter of 2023 with daily output of 12,000 barrels of oil and 17.5 million cubic feet of gas, the Ivorian government said on Wednesday.Production will then ramp up in 2026 to between 75…
Oil and gas company Lime Petroleum received approval from the Norwegian authorities to acquire Repsol’s 33.8434 stake in the Brage field in the North Sea, offshore Norway.'With this approval, the acquisition is expected to be completed by December 31…
Russian oil firm Lukoil will acquire a 9.99% percent in the Shah Deniz offshore gas field in the Azerbaijan sector of the Caspian Sea from Malaysia's Petronas and not 15.5% as agreed originally in October, as other partners in the field, BP and Socar…
Qatari national oil and gas company QatarEnergy has agreed to buy working interests in two offshore exploration blocks on the Egyptian side of the Red Sea from Shell. QatarEnergy will hold a 17% working interest in Red Sea Blocks 3 and 4.Block…
Just a few days after South Korea's shipbuilder Samsung Heavy Industries said it had found a potential buyer for a drillship originally ordered in 2014, without revealing the buyer's name, drilling firm Stena Drilling confirmed the deal on Tuesday…
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