BP is beefing up its hydrogen management team as the energy company prepares to accelerate investments in the low-carbon fuel which it believes will play a key role in the world's shift away from fossil fuels.The revamp of the hydrogen team is the first clear sign of changes Anja-Isabel Dotzenrath…
BP announced it will buy Cenovus Energy's 35% stake in the undeveloped Bay du Nord project in the Flemish Pass offshore Canada's Newfoundland and Labrador.As part of the deal announced on Monday, BP will also sell its 50% non-operated interest…
Glenn Richey, the Raymond J. Harbert Eminent Scholar and chair of the Department of Supply Chain Management in Auburn University’s Harbert College of Business, comments on record gas prices and how the Biden administration needs to work with…
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…
CorPower Ocean will launch its next-generation C4 wave energy converter alongside its new ‘CorPack Concept’ providing the building blocks for future wave energy farms.The unveiling will happen in Stockholm, Sweden, on June 15. The new full-scale…
The American Petroleum Institute, the top U.S. oil lobby organization, on Tuesday urged President Joe Biden’s administration to lift a slew of restrictions on fossil fuel development to help ease soaring energy prices.The request underscores…
U.S. natural gas futures edged up about 2% on Tuesday on record power demand in Texas, forecasts for more gas demand over the next two weeks than previously expected, a reduction in gas output, low wind power and much higher global gas prices…
Russia's oil production rose almost 5% in the first half of June compared with May, the Interfax news agency reported on Tuesday, citing a source familiar with the output statistics.Average daily oil production, including condensate, was 1.46 million tonnes in the first 13 days of June…
Lebanon warned Israel on Sunday against any 'aggressive action' in disputed waters where both states hope to develop offshore energy, after a ship arrived off the coast to produce gas for Israel.President Michel Aoun said any activity in the…
Dutch marine services and dredging firm Boskalis said Friday that the price proposed by HAL Holding for the acquisition of all remaining shares of Boskalis wasn't unreasonable, but also not sufficiently convincing to recommend the price to its shareholders…
ABB and Wison Offshore & Marine (WOM) have recently signed a memorandum of understanding to collaborate on floating liquefied natural gas (FLNG) projects.'FLNG facilities make the production, liquefaction, and storage of natural gas possible at sea…
EIG Global Energy Partners is in early discussions with Repsol to buy a slice of the Spanish company's oil and gas exploration and production business, three sources with knowledge of the matter told Reuters.The U.S. fund is seeking to purchase up to 25% of Repsol's so-called upstream business…
Tullow Oil will acquire Capricorn Energy in an all-stock deal worth 656.9 million pounds ($826.7 million), keeping a focus on African reserves amid soaring energy prices.Investors in Capricorn, formerly known as Cairn Energy, will receive 3…
Lebanon said on Monday it would invite a U.S. mediator to Beirut to continue negotiations over a disputed maritime boundary with Israel to prevent any escalation after accusing Israel of encroaching on contested waters.The issue flared up on…
VAALCO Energy on Monday announced the successful drilling of the South Tchibala 1HB-ST well, offshore Gabon. The well was drilled from the Avouma platform in the Etame field, offshore Gabon. The company said it had discovered significant columns of multiple hydrocarbon-bearing sands in the Dentale…
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