NATO is looking at ways to avoid accidental clashes in the Eastern Mediterranean while supporting German diplomatic efforts to defuse the worsening dispute over energy resources there, the alliance’s chief said on Thursday.NATO Secretary-General…
Russia's largest oil producer Rosneft made a second-quarter profit of 43 billion roubles after reporting a loss in the previous three months thanks to a rise in oil prices, it said on Friday.Rosneft, headed by Igor Sechin, a long-standing ally of President Vladimir Putin…
Oil rose towards $46 a barrel on Wednesday, near the highest since March, lifted by U.S. producers shutting most of their offshore Gulf of Mexico output ahead of Hurricane Laura and a report showing a drop in U.S. crude inventories.Renewed worries over the COVID-19 pandemic…
Guyana has re-launched a search for a company to market the government's share of the crude produced at the offshore Liza project, operated by Exxon Mobil Corp, according to a notice published in the South American country's newspapers.President Irfaan Ali's government scrapped a previous…
A pair of tropical cyclones forecast to become hurricanes early next week are headed for the U.S. Gulf Coast and will spin over the Gulf's warm waters simultaneously, a rare weather event that could cause massive disruption as they make landfall…
Wintershall Dea, one of five western partners in the Nord Stream 2 gas pipeline project led by Russia's Gazprom, rejects sanctions planned by the United States to discourage its completion, chief executive Mario Mehren said on Wednesday.'We…
UK-focused Oil and gas company Ithaca Energy has appointed former Repsol Sinopec CEO Bill Dunnet as its new CEO. Dunnet will take over the CEO role from his predecessor Les Thomas.Dunnett is a Chartered Engineer with over 35 years experience in the oil and gas industry…
Swedish oil and gas company Lundin Energy on Friday said it would appoint Daniel Fitzgerald as Chief Operating Officer (COO) of Lundin Energy, effective January 1, 2021.The appointment follows the news issued three days prior, informing that Nick Walker…
Deltic Energy has announced 'a material increase' in the estimated volume of gas as well as a 'significant increase' in the chance of success in relation to the Selene prospect in the Southern North Sea, off the UK coast. Drilling is expected in 2022…
The CrossWind consortium, a Shell-Eneco JV, which recently won a tender to develop the Hollandse Kust (noord) offshore wind farm in the Netherlands, has tapped Fugro for site survey work.As part of the contract, Fugro will deliver a comprehensive…
Crude oil prices remained steady on Monday as storms closed in on the Gulf of Mexico, shutting more than half the region's oil production, although prices were capped by ongoing concerns about fuel demand being sapped by coronavirus lockdowns…
FAR, an Australian oil and gas company with a share in the $4.2 billion Sangomar oil and gas field in Senegal, will not stand in the way to its partner Cairn divesting its stake in the project.Namely, Cairn last month agreed to sell its 40% ownership in the Woodside-operated Rufisque…
Brazilian oil company Petrobras has awarded oilfield services provider TechnipFMC a subsea engineering, procurement, construction and installation (EPCI) scope as part Mero 2 oil field development project offshore Brazil.The Mero 2 project, sanctioned in June 2019…
Offshore geotechnical services company Benthic will be deploying a remotely operated seabed drilling system off Brazil, as part of a contract awarded by the Brazilian national oil company Petrobras.Petrobras has hired Benthic to carry out geotechnical…
Offshore wind consultancy firm OWC, part of AqualisBraemar, will be providing engineering support for Mayflower Wind's offshore wind farm development in the U.S.In December 2018, Mayflower Wind, the 50/50 joint venture between Shell and EDP Renewables…
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