Golar LNG agreed to acquire New Fortress Energy's (NFE) ownership stake in FLNG Hilli in exchange for Golar's remaining 4.1 million shares in NFE and $100 million in cash.Golar will also take over approximately $323 million in debt obligations linked to Hilli…
Specialty chemicals company Evonik has extended its cooperation with offshore wind farm developer EnBW and signed a second power purchase agreement from the planned “He Dreiht” offshore wind farm in the German North Sea.The two companies signed…
Four Greenpeace activists on Tuesday boarded the heavy transportation vessel carrying Shell's Penguins FPSO aboard, calling on the oil major to 'Stop Drilling. Start Paying.'Six Greenpeace International activists attempted, and four managed…
Oil and gas company Neptune Energy and its partner, Spirit Energy, said Wednesday that production had started from the tenth well at the Cygnus gas field in the southern North Sea, offshore the UK.Neptune said that the start-up of the well unlocked additional supplies for UK homes and businesses…
Veritas Capital has completed the acquisition of energy industry intelligence company Wood Mackenzie from Verisk.The acquired company will be led by Mark Brinin, who has been promoted from Co-President to Chief Executive Officer. Joe Levesque…
Despite substantial revenues generated by high oil and gas prices in 2022, oil companies are being slow to reinvest and are instead focusing on returning value to shareholders and reducing debt, energy industry intelligence group Westwood said in its 2022 review of upstream oil and gas…
Archer Limited has signed a term sheet with Baker Hughes to potentially acquire Baker Hughes’ coil tubing and pumping (“CT&P”) business in the United Kingdom. 'The CT&P business fits well within Archer’s overall strategy to grow our drilling…
In recent State of the Port address, the first held since 2020, the Port of Long Beach’s Executive Director Mario Cordero discussed the port’s plan to support California’s emerging floating wind industry.The Port of Long Beach has not yet been identified as a marshalling port for any one project…
Brazilian offshore drilling company Ocyan said Friday it had signed a contract to operate oil company PRIO's West Capricorn semi-submersible drilling rig.PRIO (Petro Rio) bought the offshore drilling rig from the offshore drilling firm Aquadrill in June 2022…
Germany boosted its offshore wind power capacity by 357 megawatts (MW) to 7,036 MW last year, inching towards a planned 30,000 MW by 2030, power grid operator TenneT said.The German arm of the Dutch transmission group will play a key role in achieving the target…
International Energy Agency (IEA) head Fatih Birol said on Thursday that energy markets could be tighter in 2023, adding he hoped prices would not rise further in order to ease the pressure on energy-importing developing countries.'I wouldn't be too relaxed about the markets…
Norwegian marine seismic survey firm PGS has won a 3D seismic survey contract in the Mediterranean Sea, the company said on the Oslo stock exchange.PGS said the client was 'an international energy company.'The company's 104.2-meter-long and…
Spanish power company Iberdrola is considering the sale of a stake in its U.S. renewables business to help to finance new investments, two sources with knowledge of the matter told Reuters. One of the sources said that Iberdrola had appointed…
Following Moscow's invasion of Ukraine, world's largest oilfield firm SLB has boosted its business in Russia by cherry-picking service and equipment contracts from rivals who left, according to company documents and people familiar with its operations…
OSM Maritime Group and Thome Group have agreed to a merger that will create one of the world's largest ship management companies.The combined company OSM Thome will be headquartered in Arendal, Norway, with technical management hubs maintained in Singapore and Europe…
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