SSE Renewables and Equinor, partners in the development of the 3.6GW Dogger Bank Wind Farm complex in the UK North Sea, have signed 15-year offtake Power Purchase Agreements (PPAs) for the first two phases of what will be the world’s largest offshore wind farm…
U.S. oil major Exxon has lowered its expectations for oil prices for much of the next decade, the Wall Street Journal reported on Wednesday, citing internal company documents.As part of an internal financial-planning process conducted this fall…
Energy services company AGR has started decommissioning operations of Ireland’s first indigenous gas wells in the Kinsale Area in the Celtic Sea, on behalf of PSE Kinsale Energy.To remind, Kinsale Energy, a subsidiary of Petronas, in July said…
While the tanker market had a strong run at the outset of the COVID-19 pandemic, according to a report released this morning by BIMCO, tanker shipping will not benefit this year from the usual strong winter seasonal effect. Though the new lockdowns…
Africa-focused oil and gas company Vaalco Energy has agreed to buy Sasol's 27.8% interest in the Etame Marin block, and a 40% stake in Block DE-8, offshore Gabon. Vaalco said that the acquisition would almost double its total production and reserves…
Brent crude prices hit their highest levels since March as news of a third promising coronavirus vaccine candidate spurred hopes of a quicker recovery in oil demand, while U.S. President-elect Joe Biden received the go-ahead to begin his leadership transition…
Coronavirus vaccines are expected to boost international passenger transportation and oil consumption, but the first significant impact will not be felt until well into the second half of 2021, based on futures price movements on Monday.Brent…
British oil major BP has agreed to sell its stake in two pre-salt offshore blocks in Brazil's Campos Basin to the Brazilian oil company PetroRio.Petro Rio said Thursday that it would acquire 35.7% interest in the BM-C-30 Block containing the Wahoo discovery…
Fueltrax, a provider of marine fuel management systems, has said that a major Nigerian vessel owner and operator for fast crew boats and security vessels has upgraded two of its onboard electronic fuel monitoring systems to Fueltrax.Fueltrax…
Norwegian offshore wind services firm Aker Offshore Wind has increased its stake in Principle Power, a company developing foundations for floating wind farms.Aker Offshore Wind's stake in Principle Power will grow from around 20 percent to an expected 39 percent…
Australian oil and gas company FAR has agreed to sell its stake in Woodside-operated offshore blocks in Senegal, containing the Sangomar development, to India's ONGC Videsh.FAR has been working to sell its Senegal assets for months, as the company…
The UK Serious Fraud Office (SFO) said on Thursday it had secured just under 1.2 million pounds ($1.6 million) from a Brazilian national implicated in Brazil's 'Operation Car Wash', the country's biggest bribery investigation that began in 2014…
Tamarind Resources said Tuesday it had acquired the Rubicon Intrepid FPSO from the owner Rubicon. The Rubicon Intrepid, converted into an FPSO from a shuttle tanker in 2007/2008, has been operating at the Galoc field offshore the Philippines at SC14C…
Oil and gas company Dana Petroleum has brought online a new well on the Bittern oil and gas field in the UK North Sea.'Production from the new B5 well, which is a sidetrack of an existing Bittern well, is running at over 5,000 barrels of oil per day…
Baker Hughes Co said on Tuesday it would buy Compact Carbon Capture AS in a bid to expand its footprint beyond oil and gas oilfield services as it prepares for a transition to a low-carbon future.Facing pressure from shareholders worried about…
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