Shell held talks with Harbour Energy to sell its Norwegian oil and gas fields last year but could not reach a deal due to gas price volatility and uncertainty over the long-term outlook, three company sources told Reuters. London-based Shell…
A member of a major climate-focused investor group leading engagement with BP has voiced concern the company may stray from commitments to cut greenhouse gas emissions after its CEO this week rowed back on plans to cut oil and gas output.Chief…
Norwegian offshore engineering and construction company Aker Solutions has signed a firm contract with oil firm OKEA for the electrification of OKEA's Draugen platform in the Norwegian Sea, offshore Norway.The Draugen oil field sits in about 250 meters of water…
Earnings from Shell's liquefied natural gas (LNG) trading operations are likely to have been significantly higher in the fourth quarter of last year despite a sharp output drop owing to plant outages, it said on Friday.Europe's largest oil and…
Israel's NewMed Energy forecast on Tuesday that the country's nascent sovereign wealth fund will get a 52 billion shekel ($15 billion) injection in the coming decade from its two main natural gas fields. NewMed Energy Chief Executive Yossi Abu said that the company…
A Russian research vessel which has been prospecting for oil and natural gas in the Antarctic docked in South Africa on Saturday following protests by green campaigners who say its operations in the region violate a treaty banning mineral exploration…
A developer set to produce wind energy off the coast of Massachusetts has announced a name change. The company formerly known as Mayflower Wind said on Tuesday it has changed its name to SouthCoast Wind Energy LLC, to 'better reflect the company’s commitment to the people…
Following Moscow's invasion of Ukraine, world's largest oilfield firm SLB has boosted its business in Russia by cherry-picking service and equipment contracts from rivals who left, according to company documents and people familiar with its operations…
The Biden administration has granted a license to Trinidad and Tobago to develop a major gas field located in Venezuelan territorial waters, U.S. and Trinidad officials said on Tuesday, marking a further easing of some sanctions on Venezuela…
Inpex Corp, Japan's biggest oil and natural gas explorer, aims to accelerate its expansion of production and sales of liquefied natural gas (LNG) on the premise that LNG market will remain tight in the mid-term, its CEO said on Thursday. 'Global…
Chevron Australia has hired ABL Group (ABL) to do marine warranty surveys (MWS) for the Jansz-Io Compression project off the coast of Western Australia.Part of the original development plan for the Chevron Australia-operated Gorgon Project,…
BASF will take a 7.3 billion euro ($7.9 billion) writedown as its Wintershall Dea energy business pulls out of Russia, the German chemicals giant said, triggering a net loss for 2022 and sending its shares lower. Wintershall Dea has deep ties to Russia…
Offshore drilling company Stena Drilling has signed a contract with Shell for the use of the Stena Forth drillship in Egypt.The contract was signed with Shell's subsidiaries, BG Delta Limited and BG International Limited.The Stena Forth is expected to start operating for Shell in 2023…
Offshore drilling contractor Transocean said Tuesday it had secured a long-term deal for one of its ultra-deepwater drillships.The contract, awarded by 'a national oil company' for work offshore Brazil, is for the ultra-deepwater drillship, Dhirubhai Deepwater KG2…
The first liquefied natural gas (LNG) tanker to berth at Shell's Prelude floating LNG site off Western Australia since it was shut down after a fire has begun loading, Refinitiv data shows.The Methane Becki Anne vessel berthed at the Prelude plant on Jan…
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