Oil prices tumbled more than $6 on Monday as fears over weaker fuel demand in China grew after financial hub Shanghai lockdown efforts to curb a surge in COVID-19 infections.Brent crude LCOc1 futures slid as low as $113.72 a barrel and were trading down $5…
Brazilian President Jair Bolsonaro has tapped a well-known academic and energy consultant as the next head of state-run oil company Petrobras, effectively ending the tenure of current CEO Joaquim Silva e Luna less than a year after he was appointed…
Keppel Corp's offshore and marine (O&M) arm and smaller rival Sembcorp Marine are working towards having an agreement over their business unification in place by the end of April, the companies said on Thursday.The companies had first announced…
Offshore vessel owner DOF said Tuesday it had won vessel charter extensions with Norway's Equinor and Shell in the UK.Equinor has exercised options to extend the firm periods of the contracts for 2008-built Skandi Mongstad PSV for three years…
Italy is looking to install two floating storage and regasification units (FSRU) to boost liquefied natural gas (LNG) imports as part of plans to cut reliance on Russian gas, Italy's energy transition minister said on Tuesday.'Today we officially…
Oilfield services provider Petrofac on Wednesday warned of fewer near-term deals but expects higher energy prices to boost contracts later in 2022 as annual profit halved on lower orders and higher costs.The company put behind a major overhang…
Saipem will launch a 2 billion euro ($2.2 billion) capital increase this year and sell assets to help fund a turnaround plan to bring the troubled Italian energy services group back into the black.The company stunned investors in January when…
Britain's new energy security strategy will look to expand domestic nuclear and offshore wind capacity to bolster the country's energy independence and bring down the cost of living in the future, Prime Minister Boris Johnson said on Thursday…
The Australian Government has awarded London-listed oilfield services giant Petrofac a contract for Phase 1 of the decommissioning of the Northern Endeavour FPSO, offshore W. Australia.Northern Endeavour FPSO is currently moored between the…
Russian gas deliveries to Europe through the Nord Stream 1 pipeline across the Baltic Sea dipped slightly on Wednesday, while gas continued to flow eastwards from Germany into Poland along the Yamal-Europe pipeline.Flows to Germany through Nord Stream 1 stood at 65…
Russian gas will continue to flow to Europe through Ukraine as long as the operators of Ukraine’s gas networks are able to function, the head of Ukraine's state energy firm Naftogaz told Reuters on Monday.Russia is the European Union's top gas…
Norway-based Zinus, a supplier of shore power products and autonomous solutions for ports and vessels, has secured a contract with Penguin Shipyard International in Singapore for the delivery of a fully automatic charging solution to three electric passenger catamarans Penguin is building for Shell…
The United States on Wednesday imposed sanctions on the company in charge of building Russia's Nord Stream 2 gas pipeline, expanding penalties on Moscow after it recognized two breakaway regions in eastern Ukraine.The sanctions, which target the Nord Stream 2 AG company and its CEO…
Britain will likely run a North Sea offshore oil and gas licensing round for existing discoveries this year, a spokesperson for the Oil and Gas Authority (OGA) said on Monday.The OGA, which is changing its name to the North Sea Transition Authority (NSTA)…
Brazil this decade expects to gradually add 3 million barrels per day of oil and gas to its production but cannot speed up those plans to offset a ban on Russian oil, top oil regulator Rodolfo Saboia told Reuters last week.One of the largest and fastest-growing non-OPEC oil producers…
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