Brazilian oil company Enauta said Thursday that it has successfully replaced the seabed pump and returned to production a well at its Atlanta field, offshore Brazil.With the well, named well 7-ATL-4HB-RJS, online, the field returned to producing around 12…
Reach Subsea, a subsea services company, said Thursday it had agreed to buy the offshore survey services firm iSurvey in a transaction valued NOK 135 million ($15,1 million). Separately, it was announced that Wilhelmsen had acquired a 21% stake in Reach Subsea…
Russian oil company Lukoil has completed the acquisition of a 9.99% interest from Malaysia's Petronas in the Shah-Deniz gas field in Azerbaijan.The transaction value amounted to $1.45 billion, Lukoil said Friday.Following the completion of the deal…
France will build at least six new nuclear reactors in the decades to come, President Emmanuel Macron said on Thursday, placing nuclear power at the heart of his country's drive for carbon neutrality by 2050.Macron said the new plants would…
UK-based Manor Renewable Energy (MRE) has appointed Billy Hamilton as Managing Director, following on from his role as Sales Director for the Group. The company, recently bought by OEG Offshore, said Hamilton has worked on developing the market…
TotalEnergies swung back to profit in 2021 thanks to higher hydrocarbons prices, it said on Thursday, with net income of $16 billion and adjusted net income of $18.1 billion, the highest since record years in 2007 and 2008.The French oil major…
Turning around Siemens Gamesa will take time, the CEO of its majority shareholder Siemens Energy said on Wednesday, adding that the latest profit warning from the wind turbine maker was 'frustrating'.Siemens Gamesa, the world's largest maker of offshore wind turbines…
Saudi Aramco has bought a 7.4% stake in Norwegian industrial software group Cognite from oil firm Aker BP, Cognite said on Wednesday.The price for the stake was 'around 1 billion Norwegian crowns,' or about $113 million, an Aker BP spokesperson told Reuters…
Shell boosted its dividend and share repurchases on Thursday after its fourth-quarter profits soared to $6.4 billion on the back of higher oil and gas prices.Shell, which moved its headquarters from The Hague to London last month, said it expected…
Meridian Capital International Fund, a 19.28% shareholder of Africa-focused oil explorer FAR Limited, has rejected the takeover bid for Far launched earlier this week by Samuel Terry Asset Management.Earlier this week, Samuel Terry Asset Management…
Oil and gas firm Vaar Energi said on Friday its planned stock market listing in Oslo this month could value the Eni spin-off at up to 79 billion Norwegian crowns ($9.1 billion).The touted price tag could make Vaar Norway's third-largest new stock market entrant of all time…
W&T Offshore has completed the acquisition of shallow-water U.S. Gulf of Mexico oil and gas fields from ANKOR E&P Holdings Corporation and KOA Energy LP, ahead of schedule.The oil firm has bought oil and gas producing properties in Federal shallow…
Siemens Energy has stepped up efforts to explore a full integration of wind turbine business Siemens Gamesa, sources told Reuters, after profit warnings and share price slumps last week exposed flaws in the current ownership structure.The company…
Shares of U.S. oil major Chevron Corp on Wednesday hit an all-time high amid a strong stock market rally and ahead of the release of Chevron's fourth-quarter financial results Friday.Shares of most major producers rose after oil touched $90 a barrel for the first time in seven years on Wednesday…
Woodside Petroleum Ltd joined on Thursday multinational oil majors Chevron Corp and TotalEnergies in their plans to exit Myanmar, nearly a year after a military coup plunged the Southeast Asian nation into turmoil.Myanmar has faced unrest since…
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