Australia-based Woodside Energy's all-stock merger with BHP's oil and gas business was completed Wednesday.Woodside has acquired the entire share capital of BHP Petroleum International Pty Ltd (BHPP) and issued 914,768,948 new Woodside shares to BHP…
Tullow Oil will acquire Capricorn Energy in an all-stock deal worth 656.9 million pounds ($826.7 million), keeping a focus on African reserves amid soaring energy prices.Investors in Capricorn, formerly known as Cairn Energy, will receive 3…
Offshore Design Engineering Ltd (ODE) has been selected by ERM Dolphyn to provide topside FEED support to the commercial demonstration phase of the ERM Dolphyn (Deepwater Offshore Local HYdrogeN) project in the UK.The ERM Dolphyn project seeks…
Shares in British North Sea oil and gas producers Harbour, EnQuest, and Serica slumped on Friday, a day after the British government announced a windfall tax on domestic hydrocarbon companies.Harbour, the basin's largest producer, fell 7.5% by 0905 GMT to lows last hit in mid-March…
Jim Milne, Chairman and Managing Director of Balmoral Group, was awarded the honor of Knight Bachelor in the Queen’s Birthday 2022 Honours List for services to business and charity, and is now officially Sir James S Milne CBE, DL, DHC, Hon DBA…
Italian gas group Snam has agreed to buy Golar LNG's floating storage regasification unit (FSRU) Golar Tundra for $350 million.The Golar Tundra can operate both as an LNG carrier and as an FSRU. The vessel, built in 2015, has a storage capacity of around 170…
Greencoat UK Wind has agreed to acquire a net 12.5% stake in Hornsea 1 offshore wind farm in the UK from Global Infrastructure Partners ('GIP') for £400 million (around $496.5 million). The acquisition is expected to complete in Q3 2022.Hornsea…
Petrofac, an international service provider to the energy industry, will be supporting deep geothermal specialist CeraPhi Energy in what has been described as a first-of-a-kind geothermal study looking at the repurposing of oil and gas wells using CeraPhi’s technology…
Norwegian firms Telenor, Aker ASA and Cognite say a new software security company they plan to launch this year will help companies protect their industrial assets from an increased cyber-attack risk since Russia's invasion of Ukraine.'More and more (industrial) objects (are) being connected…
Saudi state-owned oil producer Saudi Aramco on Sunday reported an almost 82% rise in first-quarter net profit, broadly in line with analyst forecasts, helped by strong oil prices.Aramco, which is at par with Apple Inc as the world's most valuable company…
The UK Government has awarded Vattenfall £9.3 million pounds ($11.5 million) in innovation funding to develop the world’s first hydrogen-producing offshore wind turbine, with the electrolyzer sited directly onto an existing operational turbine…
UK-based oil and gas company IOG said Monday that production from its recently launched Blythe and Elgood gas fields in the UK North Sea has been shut-down due to Perenco Bacton terminal's issues with handling the fields' condensate.Blythe and Elgood…
Oil and gas company Neptune Energy said Tuesday it would spend more than $1 billion over the next five years 'securing energy supplies for the UK and speeding the transition to net zero.'The amount planned for investment includes capex and pre-development…
The European Commission on Wednesday unveiled a 210 billion euro [about $220 billion] plan for Europe to end its reliance on Russian fossil fuels by 2027, and to use the pivot away from Moscow to quicken its transition to green energy.The invasion of Ukraine by Russia…
Offshore operations and well services provider Odfjell Technology has won a three-year contract with Petronas in Malaysia. The company will provide all required tools, chemicals, and services for the Petronas' wellbore cleanup operations in East Malaysia…
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