The Polish government has approved draft legislation that would allow the military to sink an enemy ship targeting a key gas pipeline from Norway via the Baltic Sea following NATO's warning that Russia might sabotage undersea energy infrastructure…
UK's union Unite said that 1200 offshore workers would resume 48-hour strike action starting Wednesday, in a dispute over jobs, pay and conditions in the offshore sector.The union said that the strike action would hit oil and gas operators including Apache…
Australia will change its Petroleum Resource Rent Tax (PRRT) to increase the tax paid by the offshore LNG industry, moves that should increase revenue by A$2.4 billion ($1.6 billion) over the next four fiscal years, Treasurer Jim Chalmers said on Saturday…
Exxon Mobil Corp on Friday reported a record first-quarter profit that was more than double from a year ago and topped Wall Street estimates as rising oil and gas output overcame a pullback in energy prices from high levels.Oil companies are…
- Warren Buffett said on Saturday that Berkshire Hathaway Inc is not planning to acquire Occidental Petroleum Corp but remains happy with its large investment in the oil company. Speaking at Berkshire's annual shareholder meeting, Buffett rejected…
BP expects to pay $1 billion under Britain's windfall tax on the oil and gas sector between May 2022 and April 2023, the company said on Tuesday.BP paid a total of $650 million in tax in Britain in the first quarter of 2023, of which $300 million came under the Energy Price Levy (EPL)…
Wage talks between Norwegian oil firms and two labor unions ended in a deal on Wednesday, industry and union officials said, averting the risk of strike action later this year.The Lederne union as well as Industri Energi both came to an agreement with companies…
Shell Plc on Monday launched its first electric ferry globally at its Singapore refinery and said it would work with the city-state's port authority to cut emissions from ships.The move is a step towards meeting the Singapore port authority's…
Challenger Energy said Wednesday that it had identified three sizeable prospects in its AREA Off-1 offshore block in Uruguay of between 1 to 2 billion barrels and that the company said it would launch a farm-out process 'following unsolicited interest from a number of industry counterparties…
French oil and gas services group Technip Energies on Thursday announced a green hydrogen solutions joint-venture with Belgian group John Cockerill, while reporting stronger-than-expected first-quarter earnings. The need to combat climate change…
Norway's Equinor on Thursday posted a higher-than-expected profit for the first quarter, albeit well below last year's record levels, amid a sharp fall in gas prices.The Norwegian oil and gas producer's adjusted earnings before interest and…
Oil major Shell said Tuesday it had completed the restart of operations at the Pierce field in the UK North Sea.The Pierce field lies around 165 miles (265km) east of Aberdeen, Scotland, in water depths of around 262 feet (85m). It was discovered in 1975…
Samsung Heavy Industries (SHI) has unveiled a proprietary model nearshore FLNG concept which has been certified by DNV at OTC 2023 in Texas.The shipyard says it developed the Multi-purpose LNG Floater-Nearshore (MLF-N) in response to market…
The Dutch government on Thursday said it would support oil and gas company Shell SHEL.L in its efforts to reduce its CO2 and nitrogen emissions in the Netherlands in the coming years. The government said it would look at building infrastructure…
Oil and gas company Sintana Energy said Friday that over 50% of 3D seismic survey data has been gathered from Petroleum Exploration License 87 (“PEL 87”) and the surrounding area in the Orange Basin offshore Namibia. To remind, Australian oil…
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