FPSO leasing company BW Offshore has signed a short-term extension for its Abo FPSO.The extension was signed with Nigerian Agip Exploration Ltd, a subsidiary of the Italian oil firm Eni, and runs until August 14, 2023.BW Offshore has been in talks to divest the FPSO…
U.S.-based oil company Hess said Wednesday it had made an oil discovery at the Pickerel-1 exploration well in the U.S. Gulf of Mexico.The well is located in Mississippi Canyon Block 727, where Hess holds a 100% stake.The well encountered approximately 90 feet of net pay in high quality…
The Australian state of Victoria will ban natural gas connections to new homes from next year as part of a plan to cut emissions and lower energy bills, the state climate action minister said on Friday.Australia's second-most populous state…
Crown LNG Holdings AS, a provider of LNG liquefaction and regasification terminal technologies for harsh weather locations, has agreed to merge with Catcha Investment Corp, a publicly traded special purpose acquisition company, that would result in Crown becoming a U…
UK North Sea oil explorer Deltic Energy said Thursday that Capricorn Energy, its partner in five Southern North Sea gas exploration licenses Capricorn Energy had decided to withdraw from the licenses, following its recent strategic focus shift…
WSG said Friday it had sold its Well Intervention division and would use the proceeds raised to lay the foundations for a period of international expansion for the rebranded WSG Energy Services (WSGES).The company has divested its traditional…
Thailand’s state oil and gas company, PTTEP, has joined the Renewables for Subsea Power (RSP) collaborative project, which is intended to prove the concept of powering subsea equipment with wave power and intelligent subsea energy storage.The £2 million demonstrator initiative…
UK North Sea-focused oil and gas company Ithaca Energy said Thursday it had discovered hydrocarbons at its K2 prospect, located in Block 22/14c of the Central North Sea of the UK Continental Shelf.Upon entering the reservoir, Ithaca Energy, acting as the operator…
UK-based oil and gas company Harbour Energy, operator of the Humber-based Viking CO2 transportation and storage network and partner in the Acorn CCS project in northeast Scotland, welcomed the news on Monday that both projects have been awarded…
Norway-based offshore vessel owner Simon Møkster Shipping said Monday it had secured long term contracts for two of its platform supply vessels.The company said it had been awarded new multi-year contracts by a North Sea Operator in the UK for the PSVs Stril Odin and Strilmøy…
Oslo-listed Vaar Energi, majority owned by Italy's Eni, posted on Tuesday a 55% drop in second-quarter operating profit on weaker oil and gas prices, narrowly missing analysts' forecasts. Earnings before interest and tax (EBIT) for the April-June quarter fell to $778 million from $1…
Italian energy services group Saipem on Thursday said efforts to restart a multi-billion-euro LNG project in Mozambique for TotalEnergies were underway but refrained from giving a precise timeline.The project, which would be the first onshore development of a LNG plant in the African country…
Oil and gas company Kistos said Friday that its appeal against the Netherlands Ministry of Economic Affairs' decision not to extend the term of the M10/M11 offshore license had been successful.'This ruling is effective immediately and the licence is extended by five years…
French energy company TotalEnergies does not believe it overpaid for a record-breaking German offshore seabed lease this month, despite industry criticism, CEO Patrick Pouyanne said on Thursday while presenting second-quarter results.'In Germany…
The first phase of what will be the world's largest offshore wind farm - the Dogger Bank in the UK - is expected to start producing electricity 'during summer.'This is according to Equinor, a Norwegian energy giant that is a partner in the project…
Subscribe
