Japan's JERA has signed a deal with the new operator of the Sakhalin-2 energy project in Russia to maintain long-term deliveries of liquefied natural gas (LNG), a spokesperson for the country's biggest power generator said on Friday.Russian…
Woodside Energy Group is in talks with 'high quality' companies looking to buy a stake in its $5.7 billion Scarborough gas project, but won't sell unless it gets the right price, Chief Executive Meg O'Neill said on Tuesday.The company has been…
Renewable infrastructure fund Greencoat UK Wind plc has completed the acquisition of a net 12.5% stake in Hornsea 1 offshore wind farm in the UK.The deal was first announced on May 16, 2022, when Greencoat said it would buy the 12.5% stake in…
China's CNOOC Ltd more than doubled its first-half profit helped by higher oil and gas prices, the offshore oil and gas producer reported on Thursday.Interim net income rose 116% to 71.89 billion yuan ($10.50 billion) while revenue rose 75.6% to 176…
A U.S. energy regulator on Friday gave Berkshire Hathaway Inc, the company controlled by billionaire Warren Buffett, permission to buy up to 50% of oil company Occidental Petroleum Corp's OXY.N common stock.Occidental's share price soared 9…
Brazilian oil company PetroRio said Thursday that production from the Frade offshore field in Brazil had resumed.The news comes after the company said on August 15 that it had interrupted production in the Frade field due to an inert gas line…
Helix Robotics Solutions, the U.S. robotics division of Helix Energy Solutions Group, has extended the charter for Bordelon Marine's DP2 Jones Act-compliant Ultra-Light Intervention Vessel (ULIV) M/V Shelia Bordelon through June 2024.Helix currently…
Russia will halt natural gas supplies to Europe for three days at the end of the month via its main pipeline into the region, state energy giant Gazprom said on Friday, piling pressure on the region as it seeks to refuel ahead of winter.The unscheduled maintenance on the Nord Stream 1 pipeline…
Trillion Energy International, an oil and gas company focused on the Turkish section of the Black Sea, said Monday that the Uranus jack-up drilling rig was being prepared to move to its SASB natural gas field. Once at the location the rig will be used for a multi-well drilling program…
Oslo-listed oil and gas company BW Energy said Tuesday that its BW MaBoMo offshore production facility had sailed away towards Gabon.The production facility, converted from the Hibiscus Alpha jack-up drilling rig, is currently onboard a heavy…
Singapore-based offshore energy services provider PACC Offshore Services Holdings (“POSH”) has agreed to buy the 119-meter long, DP-3 offshore construction vessel ‘BOA Deep C’ from Norway's BOA OCV AS. The vessel will be renamed ‘POSH Deep C’ and will join the POSH fleet in October 2022…
Norway will have to phase out some of its old oil and gas fields prematurely to achieve its 2030 climate goals, unless it can use carbon-free power on more offshore platforms to cut their emissions, the country's Climate Minister Espen Barth Eide said…
A damaged oil pipeline component that disrupted output at several offshore U.S. Gulf of Mexico platforms was repaired late Friday, a Louisiana official said, with producers moving to reactivate some of the halted production.A failed flange connecting…
UK-based offshore well decommissioning firm Well-Safe Solutions has teamed up with Houston-based services company Trendsetter Engineering to equip its Well-Safe Guardian semi-submersible rig with the Trident Intervention System.'Featuring a compact yet powerful design…
Lime Petroleum, a subsidiary of Rex International Holding, has agreed to buy a 10 percent stake in the Yme oil field in the North Sea, offshore Norway, from Kuwait’s KUFPEC. Rex said Lime would pay post-tax fee $68.053 million (about NOK 633 million)…
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