Oil and gas company BW Energy, with assets in Gabon and Brazil, has decided to cut down its planned Gabon investments by 50 percent, citing coronavirus outbreak, oil price uncertainty, and restriction on international travel.'The impact of international…
French energy major Total said on Thursday that it had reached an agreement with renewables energy developer Simply Blue Energy to acquire 80% of the Erebus floating wind project in the Celtic Sea.Total, which did not disclose the value of the deal…
Austrian oil and gas group OMV is again postponing an investment decision on its Black Sea exploration project and is now aiming for a decision next year at the earliest, its chief executive said on Friday.The exploration of the Black Sea Neptun…
BW Energy has brought online the second oil well (DTM-4H Gamba) drilled as part of the Tortue Phase 2 development project in the Dussafu Marin Permit offshore Gabon. The well was put online on Saturday, March 7.'The start of production from…
The owners of marine technology specialist Sonardyne have formed a new parent company. Sonardyne Group will align and harness the joint strengths of independent subsidiaries Chelsea Technologies, EIVA, Wavefront Systems, 2G Robotics and Sonardyne International…
The oil price crash has led to Danish offshore wind developer Orsted overtaking Norwegian oil major Equinor as the most valuable energy company in the Nordics, highlighting the appeal to investors of renewables over fossil fuels. Shares in Equinor…
Oil and gas company Neptune Energy has informed that Alexandra Thomas has joined the company as UK Managing Director, based in Aberdeen.Thomas joins Neptune from Tullow Oil plc, where she most recently held the position of Head of Exploration…
LNG technology company Air Products has won a contract to deliver heat exchangers for the Total-operated LNG development in Mozambique.The Mozambique LNG project, previously operated by Anadarko, will be Mozambique’s first onshore LNG development…
Subsea well intervention is on the rise around the world. It has already become established in Europe, where each subsea well now experiences an average of 1.5 intervention days per year, according to speakers at last year’s OWI APAC conference…
The Dutch government on Wednesday said it would double the amount of money available under its renewable energy subsidy program to 4 billion euros ($4.45 billion) in 2020, from a previously planned 2 billion euros.The Netherlands is scrambling…
Turkish President Tayyip Erdogan has reportedly confirmed that the country, through its national oil company TPAO, has expanded its offshore drilling fleet with another drillship.TPAO has been using its two drillships the Fatih and the Yavuz – bought in 2017…
Spanish energy company Iberdrola has agreed to buy the remaining 30% interest in Ailes Marines, a company developing the Saint-Brieuc offshore wind farm in France.Iberdrola said the transaction would add momentum to the project, which is scheduled to begin construction in 2021…
Oslo-listed BW Energy has started oil production from the Tortue Phase 2 field development project in the Dussafu Marin Permit offshore Gabon.The Gamba well DTM-5H was successfully brought online as of 4 March, ahead of schedule. The second well…
Oil prices jumped more than 3% on Monday, reversing an earlier fall to multi-year lows as hopes of a deeper cut in output by OPEC and stimulus from central banks countered worries about damage to demand from the coronavirus outbreak.Brent crude was at $51…
Greek oil company Energean Oil and Gas has signed a deal to buy Total’s stake in Block 2, offshore Western Greece.Energean said the acquisition would provide material exploration opportunities in its core area of the Eastern Mediterranean with limited financialexposure…
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