Bangladesh is canceling another tender to import liquefied natural gas (LNG) in December, as it received one offer to supply the shipments that were too expensive, a senior energy ministry official said on Friday.The offer from the Asian unit of Vitol to supply 138…
Cenovus Energy Inc has agreed to buy rival Husky Energy Inc in an all-stock deal valued at C$3.8 billion ($2.9 billion) to create Canada's No. 3 oil and gas producer, as a pandemic-driven collapse in demand forces the industry to consolidate…
Up to a quarter of the active floating drilling rig fleet - drillship and semi-submersibles - could be scrapped, as the demand, which had never recovered from the previous downturn, is now expected to remain under pressure 'until 2022,' Rystad Energy…
Caspian Sunrise, an oil and gas firm focused on Kazakhstan, has completed the acquisition of the Caspian Explorer drilling vessel, marking the company's step into offshore drilling.The company, mostly focused on onshore oil and gas activities…
U.S. oil and gas company Talos Energy has started producing oil from its Bulleit field, in the Green Canyon 21 block in the U.S. Gulf of Mexico.The news of the production startup from the field sitting in 365 meters water depth was shared on Monday by Talos' partner in the block…
Danish offshore wind farm giant Ørsted has signed a deal to sell gas to Polish Polish PGNiG Supply & Trading (PST), under a multi-year contract. Under long-term gas purchase agreements, Ørsted buys some of the natural gas produced by Dansk Underground…
The number of unsold November-loading Angolan crude cargoes fell further on Thursday, traders said, while the Nigerian market was steady.ANGOLAOnly one cargo of CLOV remains unsold after the other found a buyer on Thursday. Details of the cargo's destination were not known…
Norwegian oil and gas company OKEA has received approval to acquire offshore blocks in the North Sea in Norway containing the Aurora gas discovery.OKEA announced the agreement to buy Equinor’s 40% operated working interest in PL195 and PL195 B…
Eni Chief Executive Claudio Descalzi should be acquitted of corruption in a legal case concerning the purchase of an oilfield in Nigeria since there is no evidence to support the charges, Descalzi's lawyer told a Milan court on Wednesday.Speaking in the court hearing…
Oil and gas company Energean has agreed to buy a Field Support Vessel (FSV) from Prime Marine Energy for $33.25 million.Energean will use the vessel for work in Israel where it is working to bring online the Karish offshore gas field.'The FSV…
Dutch tidal power specialist Tocardo has agreed to buy the 1.25MW Oosterschelde Tidal Power Plant, dubbed the largest tidal array in the world. . The plant is installed on the Dutch Oosterscheldekering surge barrier.The Oosterschelde Tidal Power Plant consists of five T-2 tidal turbines…
Bursa Malaysia-listed offshore vessel provider Icon Offshore has struck a deal to buy the Perisai Pacific 101 jack-up drilling rig.The 2014-built rig, owned by a subsidiary of Perisai Petroleum Teknologi Bhd (PPTB), is an asset mortgaged to Oversea-Chinese Banking Corporation (OCBC)…
Premier Oil abandoned its plans to buy North Sea fields from BP for $210 million after Premier was taken over by rival Chrysaor, marking a small dent in BP's $25 billion disposals target.'Premier will not be proceeding with the proposed refinancing…
U.S. oil company Hess has agreed to sell its 28 percent interest in the Shenzi field in the deepwater U.S. Gulf of Mexico to BHP for $505 million, and use the cash for Guyana operations.Shenzi, a six-lease development in the U.S. Gulf. is currently operated by BHP with a 44 percent stake…
Weir Group Plc said on Monday it had agreed to sell its oil and gas division to U.S. heavy equipment maker Caterpillar Inc for $405 million in cash, as the engineering company focuses on its mining business.Shares of Weir surged 22.5% to 1,568p…
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