BP is beefing up its hydrogen management team as the energy company prepares to accelerate investments in the low-carbon fuel which it believes will play a key role in the world's shift away from fossil fuels.The revamp of the hydrogen team is the first clear sign of changes Anja-Isabel Dotzenrath…
Oil prices extended gains on Tuesday after the EU agreed to slash oil imports from Russia, fuelling worries of a tighter market already strained for supply amid rising demand ahead of peak U.S. and European summer driving season.Brent crude for July…
World oil demand growth will slow in 2023, OPEC delegates and industry sources said, as surging crude and fuel prices help drive up inflation and act as a drag on the global economy.Fuel use has rebounded from the 2020 pandemic-induced slump…
Gerhard Schroeder has backed off from taking a top role at Russian energy giant Gazprom, dealing a setback to Germany's gas lobby as it seeks to keep the energy lifeline from Russia open.The former German chancellor played a critical role in…
Jumbo Maritime has awarded Fugro a positioning and metocean services contract to help guide the safe transport and installation of a new floating production system (FPS) for Vito, a deepwater development in the US Gulf of Mexico.Fugro services will support both inshore and offshore towing of the 24…
European Union leaders have agreed an embargo on Russian oil imports that will start kicking in towards the end of the year and which exempts, for now, pipeline imports that Hungary and two other landlocked Central European states rely on.The…
Oil prices climbed above $120 a barrel on Monday, hitting their highest in more than two months, as traders waited to see whether a European Union meeting would reach an agreement on banning Russian oil imports.The Brent crude futures contract for July…
Italian oilfield services and technology company Saipem will provide its FlatFish subsea drone for Shell's and Petrobras' ultra-deepwater projects in Brazil.Under the contract, Shell and Petrobras will use Saipem's FlatFish subsea drone in two…
Shipping company AET on Wednesday took delivery of Eagle Colombo, its latest second generation dynamic positioning shuttle tanker (DPST) from Korean shipbuilder Hyundai Heavy Industries (HHI).The Singapore-registered newbuild is the third and…
ABB and Wison Offshore & Marine (WOM) have recently signed a memorandum of understanding to collaborate on floating liquefied natural gas (FLNG) projects.'FLNG facilities make the production, liquefaction, and storage of natural gas possible at sea…
The global oil and natural gas markets are contending with rebounding energy demand on top of supply disruptions from Russia’s invasion of Ukraine. As a result, activity and business sentiment in the floating production sector have seldom been stronger…
A subsidiary of Shell plc, BG International, signed a farm-out agreement (FOA) with ExxonMobil Egypt to acquire a 100% stake in the Exxon Mobil-operated North East El-Amriya offshore area, Mediterranean Sea, also known as Block 3, a Shell statement said on Wednesday…
Impact Oil & Gas is considering selling its 20% stake in a large block in deep water off the coast of Namibia where TotalEnergies made a significant oil discovery this year, four industry sources told Reuters.Impact, which is privately owned and focused on exploration in Africa…
Russia's state-owned oil company Rosneft said on Friday that former German chancellor Gerhard Schroeder and German businessman Matthias Warnig were stepping down from its board of directors.The European Parliament had urged on Thursday that Schroeder…
Offshore engineering company Worley has won a three-year engineering and procurement (EP) services contract with Shell in the U.S. to support five of its assets in the Gulf of Mexico.'The contract will support Shell’s transition to a digitized…
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