Norwegian subsea services company Reach Subsea has exercised the option to charter the subsea support and construction vessel Olympic Triton vessel for three years plus two yearly options, including the six months charter announced in February…
The investment firm Kistos said Tuesday it had acquired all of the outstanding shares of Norway-focused oil company Mime Petroleum A.S. ('Mime') from Mime Petroleum S.a.r.l.Mime holds a 10% interest in the Balder joint venture, comprising the Balder and Ringhorne fields offshore Norway…
Berkshire Hathaway Inc said on Thursday it had acquired more shares of Occidental Petroleum Corp, boosting its stake in the oil company to 24.4%.In a regulatory filing, the conglomerate controlled by billionaire Warren Buffett said it paid about $201 million for 3…
A unit of Mexico's Grupo Carso, controlled by the family of Mexican billionaire Carlos Slim, said on Thursday it has purchased a minority stake in Talos Energy Mexico for $124.75 million to obtain a portion of the offshore Zama oil project.The acquisition needs approval of Mexican regulators…
EDP Group agreed with Ocean Winds (OW), the joint venture created by EDP Renewables and ENGIE dedicated to offshore wind, to transfer EDP’s position in floating wind design firm Principle Power to OW.Principle Power is specialized in the design…
Graham Stuart, the UK Minister for Energy Security and Net Zero, on Thursday opened the Digital, Autonomous, and Robotics Engineering (DARE) Centre at Offshore Renewable Energy (ORE) Catapult’s testing facility in Blyth.According to ORE Capatult…
Exxon Mobil Corp has pushed back against investors pressing the largest U.S. oil producer to report on the risks to its business from restrictions on greenhouse gas emissions and potential environmental disasters. In a reply on Wednesday to proxy advisor Glass Lewis…
Oil and gas company Afentra plc, led by former Tullow CEO Paul McDade, said Wednesday it had completed the acquisition of 4% interest in Block 3/05 and 4% interest in Block 3/05A offshore Angola from Croatia's INA-Industrija.Afentra also said…
Oil companies working to develop what has been described as one of Europe's largest undeveloped offshore oil fields – the Barryroe field in Ireland - have suffered a setback after an Irish minister refused to grant them a permit to proceed with…
IKM Testing UK has secured a second contract with the Malaysian FPSO leasing firm Bumi Armada to deliver a drone-based methane emissions survey on the Armada Kraken FPSO, producing oil for EnQuest in the North Sea.The project follows an aerial…
Italian offshore engineering and construction firm Saipem has won two new offshore contracts in the North Sea and the Black Sea, worth $850 million in total.One contract is for an Engineering, Procurement, Construction and Installation (EPCI) project in the Black Sea…
UK-based oil firm EnQuest confirmed Thursday it had secured the offer of carbon storage licenses as part of the first round of UK carbon sequestration licenses issued by the North Sea Transition Authority ('NSTA').The NSTA offered 20 licenses to 12 companies…
Australia plans to scale up its capability for offshore carbon capture and storage (CCS) and will shortly seek public feedback on a new round of greenhouse gas storage acreage, the country’s resources minister said on Tuesday.The country, one…
The UK wants to become a 'world leader in carbon capture and storage,' and the government on Tuesday said it would facilitate the creation of a 'treasure map' which will quantify for investors how much carbon capture and storage could be possible under the country's seabed…
Japan's Inpex posted a 61% surge in first-quarter net profit to 151.5 billion yen ($1.12 billion) as higher oil and gas sales coupled with a weaker yen boosted financials, it said on Wednesday, falling slightly short of the market expectations…
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