The British government stood firm on its windfall tax on the oil and gas sector in a meeting with industry executives on Friday, two sources with knowledge of what was discussed said.Finance Minister Jeremy Hunt rebuffed requests from North…
The two largest U.S. oil companies - Exxon Mobil Corp and Chevron Corp - disclosed plans to increase outlays on energy projects next year amid high oil demand and prices.While spending more, it will be less than half the combined $84 billion they spent in 2013…
KBR has won a contract to provide engineering services for an offshore energy storage project for CrossWind, a joint venture (JV) between Shell and Dutch utility company, Eneco.KBR will perform a front-end engineering design of the baseload…
Australian offshore vessel operator MMA Offshore has completed the sale of its shipyard in Batam, Indonesia.The planned sale was first announced back in May when MMA Offshore said it would sell its shipyard facility to Wasco Engineering Group…
Norwegian maritime technology and equipment specialist Kongsberg Maritime AS will provide technology and engineering for a second F-class wind turbine and foundation installation vessel (WTFIV) recently ordered by the Danish offshore wind installation firm Cadeler…
Eni is in preliminary talks to buy private-equity backed gas and oil producer Neptune Energy for around $5 billion -$6 billion, a source with knowledge of the matter said on Wednesday, adding that no official bid had been submitted.Neptune produces around 130…
The British government should introduce a price floor to mitigate the impact of its new windfall tax on the sector as some companies struggle with reduced access to funding, executives and industry sources say. They say the brake on capital…
UK-based subsea equipment rental and solutions company Ashtead Technology has acquired Aberdeenshire-based Hiretech. Hiretech is an equipment rental, service, and maintenance company serving the international offshore renewables, decommissioning…
German renewable energy firm RWE said Friday it had bought the Irish company Western Power Offshore Developments Ltd, which is in the early stages of developing the East Celtic wind farm project offshore Ireland.The East Celtic wind farm site…
Turkey's Black Sea gas field is on track to go online next year as promised and work has sped up to connect it to the national infrastructure, President Tayyip Erdogan said on Saturday.Addressing a natural gas pipeline opening in the northern Kastamonu province…
The German government wants to buy either a majority stake or all of the German subsidiary of Dutch power grid operator TenneT as part of Berlin's planned transition towards sustainable energy use, two German government sources told Reuters…
Chinese oil and gas major CNOOC has sounded out potential buyers of its interests in U.S. oilfields, two sources said, stepping up its retreat from Western nations amid sanctions concerns and calls for domestic investment. Reuters reported in…
BP has started production from its Cassia C development offshore Trinidad and Tobago.Cassia C is BP Trinidad and Tobago's first offshore compression platform and, according to the company, its biggest offshore facility.The project will enable…
Britain's competition watchdog said on Tuesday that U.S.-listed oilfield services firm Baker Hughes Co's acquisition of Altus Intervention could reduce competition among UK oil and gas operators.The Competition and Markets Authority (CMA) said…
Offshore energy industry services provider High Speed Transfers (HST) Marine has ordered three Fast Crew Suppliers 2710s from Damen Shipyards for an undisclosed fee.Damen Shipyards said that the vessels would be fitted with 190kW battery arrays…
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