Japanese oil refiners may buy Russian crude from the Sakhalin-2 oil and gas project, if needed, to secure a stable supply of liquefied natural gas (LNG), the president of the Petroleum Association of Japan (PAJ) said on Wednesday. But Russian oil…
Merced Capital has completed the acquisition of Dubai-based offshore construction vessel owner and service provider Telford Offshore.Telford Offshore, which offers offshore consturction and pipelaying services, said that as part of the transaction…
Portuguese oil and gas company Galp Energia on Monday reported a record adjusted net profit for 2022, due to soaring oil prices and wider refining margins in the fourth quarter. Galp said its adjusted profit almost doubled to 881 million euros ($940…
Abu Dhabi's ADNOC Drilling reported on Monday a rise of 33% in 2022 net profit, with revenue boosted by its onshore and oilfield services businesses. Net profit for 2022 was $802 million, up from $604 million in the previous year. Revenue increased to $2…
Offshore crew transfer firm HST Marine has welcomed the arrival of its new UK-built hybrid-electric crew transfer vessel (CTV), HST Frances.The ceremony was attended by Nusrat Ghani MP, UK Minister of State (Dept. for Business and Trade and…
Japan's Inpex on Thursday forecast a 38% fall in net income to 270 billion yen ($2 billion) and a 19% fall in sales to 1.9 trillion yen this year, hit by lower oil prices and a stronger yen. The country's top exploration and production company…
Houston-based firm SCF Partners has acquired Abedeen-based engineering, procurement and construction (EPC) service provider Global E&C, from Global Energy Group for an undisclosed sum.Global E&C employs more than 1,000 people, with more than…
French oil major TotalEnergies posted a record net profit of $36.2 billion in 2022, double the previous year, joining in the sector's bumper earnings thanks to higher oil and gas prices since Russia invaded Ukraine.TotalEnergies' fourth-quarter adjusted net income was $7…
A member of a major climate-focused investor group leading engagement with BP has voiced concern the company may stray from commitments to cut greenhouse gas emissions after its CEO this week rowed back on plans to cut oil and gas output.Chief…
UK-based workers' union Unite said Friday that some 300 Stork construction members would be balloted on strike action on over 30 offshore installations in the UK Continental Shelf (UKCS), potentially affecting operators such as EnQuest, Repsol…
BP on Tuesday reported a record profit of $28 billion for 2022, lifted by the surge in energy prices since Russia's invasion of Ukraine, while boosting its dividend in a sign of confidence as it scaled back plans to reduce oil and gas output by 2030…
Green hydrogen technology start-up sHYp has moved into offices and laboratory space at The James Hutton Institute in Aberdeen with plans to expand to five staff on site by summer.The move gives sHYp access to the institute’s specialist analytical equipment and expertise…
Portfolio investors have piled into petroleum futures and options at the fastest rate since the first successful coronavirus vaccines were announced in late 2020.China’s exit from a zero-COVID strategy, along with hopes the global economy can avoid a recession and low oil inventories…
Dubai's shipbuilding and shiprepair company Drydocks World and Norwegian offshore engineering and construction firm Aker Solutions have established a joint venture to upgrade the Petrojarl Knarr FPSO for Equinor's Rosebank offshore oil and gas field in the UK…
About forty offshore installations in the UK North Sea could be affected by strike action by Bilfinger workers beginning in early April 2023, over a pay dispute.Unite the union, a workers' rights union in the UK, said Friday that more than 700…
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