The Norwegian Offshore Directorate has granted Neptune Energy Norge a drilling permit for the new exploration well at Duva field in the North Sea.The permit is for the 36/7-5 S wildcat well at Duva field (production license 636) which will be done using Deepsea Yantai semi-submersible drilling rig…
BP reported on Tuesday fourth-quarter earnings of $3 billion, exceeding forecasts thanks to strong gas trading, as the energy company increased the pace of its share repurchases.The quarterly results lifted the energy giant's 2023 profit to $13…
Chevron on Friday beat analysts' earnings estimates and increased dividends on higher oil and gas production, after a year of sharply lower profits on missteps and charges.Shares were up 2% in morning trading after the company beat analysts'…
Shell on Thursday reported a 2023 profit of $28 billion, a 30% drop from the previous year's record as energy prices and demand cooled, but still allowing the firm to increase its dividend by 4% and extend share repurchases.The British company's…
Longboat JAPEX Norge, a joint venture of Longboat Energy and Japan Petroleum Exploration (JAPEX), has completed the acquisition of interests in producing fields offshore Norway.Longboat Energy, an oil and gas exploration and production company with activities in Norway and Malaysia…
Exxon Mobil on Friday posted a better-than-expected $36 billion profit for 2023, lifted by fuels trading and higher oil and gas production.Oil majors are expected to report 2023 profits down by about a third from record levels in 2022, as oil…
Amazon has signed a corporate power purchase agreement (CPPA) with developers of 882 MW Moray West offshore wind farm in Scotland, securing more than half of its capacity to power its UK operations.The CPAA was signed with Engie, which together…
Cyan Renewables, a portfolio company of Seraya Partners, has acquired a majority stake in Sentinel Marine to strengthen its position in the UK offshore wind market and boost its local content.Singapore-based Cyan Renewables, Asia’s first dedicated offshore wind vessel operator…
Years of network expansion on land in Germany has led to a drop in the proportion of offshore wind power contributed from the North Sea to the country's total wind energy output, Dutch grid operator TenneT said on Monday.In 2023, the share of…
U.S. Gulf of Mexico-focused oil and gas company W&T Offshore has completed the accretive acquisition of six oil fields in shallow waters of the Gulf of Mexico for $72 million.W&T Offshore was the successful bidder for certain synergistic assets in the Gulf of Mexico offered by MLCJR…
French company Lhyfe and UK-based Source Galileo have teamed up to develop commercial-scale green hydrogen production units in the UK and Ireland, which could be powered by offshore wind in the future.The companies have signed a memorandum of…
Bibby Marine announced it has tapped Longitude Engineering to design its first-of-kind zero-emission electric service operation vessel (SOV).The 'eSOV' project, as the project partners are calling it, was first announced in September 2023 and recently awarded £20 million under the U…
U.S. oilfield technology firm Baker Hughes beat Wall Street estimates for fourth-quarter profit on Tuesday, powered by strong demand for its services and equipment from LNG producers, as well as offshore and international markets.The company…
Maersk’s offshore vessel-charging venture Stillstrom has launched a collaborative study with EnBW and BP, the developers of the Morgan and Mona offshore wind farms, to assess the viability of integrating offshore charging solutions for service and crew transfer vessels for the two projects…
UK-based Correll Group has secured a contract with Greek subsea cable maker Hellenic Cables for the inter-array cabling works at the Revolution Wind offshore wind farm.Correll Group’s scope of work will include the termination and testing of…
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