More than 80% of oil production in the Gulf of Mexico remains shut in after Hurricane Ida, a U.S. regulator said on Monday, more than a week after the storm made landfall and hit critical infrastructure in the region.Energy companies have been…
Santos sealed an agreement to buy Oil Search to create a global top 20 oil and gas company, the companies said on Friday, even as the Papua New Guinea government raised concerns that a takeover could harm national interests.The deal will make…
Norwegian oil firm Equinor said Monday it had brought online one of its most profitable projects ever, Troll phase 3 project in the North Sea, offshore Norway. Production started on Friday, August 27, at 9.25 pm.According to Equinor, the project…
Mexican state oil firm Petroleos Mexicanos (Pemex) said on Monday that it has resumed 421,000 barrels per day in oil production and brought back online 125 wells following a deadly fire at an offshore platform on Aug. 22.The accident in the…
Macquarie’s Green Investment Group (GIG) said Thursday it had acquired Fuinneamh Sceirde Teoranta, the developer of the Sceirde Rocks offshore wind farm, in Galway, Ireland. Sceirde Rocks is a proposed 400 MW offshore wind farm, which will be…
Wind turbine maker Siemens Gamesa said Tuesday it had made the world’s first recyclable wind turbine blades at its blade factory in Aalborg, Denmark.'Wind power is one of the cornerstones in the quest to tackle the climate emergency. With more…
ADNOC Drilling said on Monday it intended to list on the Abu Dhabi bourse, with its parent company Abu Dhabi National Oil Co (ADNOC) selling a minimum 7.5% stake in an initial public offering (IPO).This is the second public flotation of a company…
Oil producer EnQuest on Thursday warned that annual output would be at the lower end of its previously forecast range, primarily owing to declines at its Magnus field in the UK North Sea, sending its shares down more than 7%.Production activity…
Italy-based subsea cable maker Prysmian Group together with subsea installation firm Asso.subsea, has signed a contract with RTE, Réseau de Transport d'Électricité, for the development of an export subsea power cable system for the Gruissan floating offshore wind farm located in Southern France…
Oslo-listed offshore vessel operator DOF Subsea has secured a 6-month extension to a contract in Africa.The company said that the project, with an unnamed client and at an undisclosed location, would continue using the Skandi Seven throughout the extended duration…
Offshore drilling company Seadrill has moved a step closer to reaching bankruptcy emergence after the United States Bankruptcy Court for the Southern District of Texas approved the disclosure statement for the company's proposed plan of reorganization…
Energy industry services firm TechnipFMC said Friday it had sold a 9.9% stake in Technip Energies to Hal Investments for €196.2 million (~$233 million).Technip Energies was created in February 2021 after TechnipFMC completed its spin-off transaction to create two independent…
Oslo-listed oil and gas company BW Energy's recently announced offshore oil discovery in Dussafu Block in Gabon is smaller than expected.The company in August said it had discovered oil in the Hibiscus North exploration well (DHBNM-1) in the Dussafu Block…
Chinese national offshore oil and gas company CNOOC has started production from its Bozhong 26-3 oil field expansion project in the south of Bohai Sea, The field is located in an area with an average water depth of around 21 meters. 'In addition to fully utilizing the existing processing facilities…
Offshore helicopter transportation company CHC has said it has completed the acquisition of Babcock International’s offshore oil and gas aviation business. The acquisition, first announced in March, will increase CHC's offshore crew transportation…
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