Oil and gas exploration is likely to continue to have an important role in the decades to come, a view reinforced by the 2022 energy crisis and growing energy security needs, according to energy intelligence group Westwood.In the offshore drilling space…
LONDON, Nov 1 (Reuters) - BP more than doubled its third-quarter profit from a year earlier to $8.15 billion, lifted by strong natural gas trading, as it expanded its share buybacks by $2.5 billion amid rising calls to increase taxes on the energy sector…
The Norwegian offshore seismic survey services company PGS has been awarded a 3D exploration acquisition contract.PGS said that the contract was in Namibia, with 'a major energy company.'The company said it would use the Ramform Titan vessel for the survey…
QatarEnergy has selected ConocoPhillips as its third and final international partner in the North Field South (NFS) expansion project. The project comprises two LNG mega trains with a combined capacity of 16 million tons per annum (MTPA).The…
Helix Energy Solutions Group, Inc. has secured a deepwater well decommissioning contract with Shell in Brazil.The scope of work includes plug and abandonment services on subsea wells located in the Bijupira and Salema fields. Helix will supply the Q7000 riser-based well intervention vessel…
A planned initial public offering of North Sea oil and gas producer Ithaca Energy IPO is set to price at the lower end of the previously guided range, bookrunners on the deal said on Monday.The revised price guidance is for between 250 and 270 pence per share…
Any changes to Britain's oil and gas windfall tax law that would remove incentives to invest in the North Sea would make field developments in the ageing basin 'uneconomical', the chairman of newly-listed Ithaca Energy said on Wednesday. Ithaca…
Drilling operations have been completed at the Northern Lights project in the Norwegian part of the North Sea for a CO2 injection well and a contingent injection well within CO2 storage license EL001.Northern Lights partners said Thursday that…
U.S. offshore wind developer Mayflower Wind announced Francis Slingsby has assumed the role of chief executive officer, succeeding Michael Brown who will join the company's board of directors.“I am delighted to join Mayflower Wind as we continue…
Nord Stream AG, the operator of the ruptured Nord Stream 1 gas pipeline, has been granted permission to survey an area in Danish waters, the Danish Geodata Agency told Reuters on Thursday.The operator has already sent a chartered ship to waters…
Japan has decided to retain its stake in the new Russian operator of the Sakhalin-1 oil and gas project and has asked Japanese consortium members to stay to ensure the country's energy security, the industry minister said on Tuesday. 'The Sakhalin…
Oil major Shell is set to spud the high-impact Pensacola well in the North Sea next month, Deltic Energy, Shell's partner in the project, said Tuesday.Shell informed Deltic Energy that preparations were underway to move the Maersk Resilient jack-up drilling rig to the Pensacola location…
North Sea oil and gas producer Ithaca Energy said on Tuesday it is planning a London listing, stoking hopes for a fourth quarter recovery in a stock market overshadowed by the dismal economic outlook.The initial public offering (IPO) will test…
Russian President Vladimir Putin signed a decree on Friday that establishes a new operator for the Exxon Mobil Corp-led Sakhalin-1 oil and gas project in Russia's Far East.Putin's move affecting Exxon's largest investment in Russia mimics a…
Offshore installation firm Allseas said Friday that its pipelay vessel Audacia had recently broken a pipelaying record in Malaysia.'Congratulations to crew who installed 4 kilometers of pipeline in 24 hours, beating the previous best of 3.8 kilometers for Malaysian waters…
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