Total beat forecasts on Thursday by keeping net adjusted profit for the fourth quarter steady at $3.2 billion despite low oil prices and fulfilled a pledge to boost dividends, lifting the French energy major's shares. Analysts had forecast net profit of about $2…
Nigeria's financial crimes watchdog charged a former attorney general suspected of taking bribes to facilitate a $1.3 billion oil block sale, the agency said on Tuesday, in the latest twist in one of the industry's biggest alleged corruption scandals…
2020 will be a peak year for floating production, storage and offloading unit (FPSO) demand with up to 14 awards forecast in Wood Mackenzie’s base case scenario, half of which will be located offshore Latin America. Only two of these facilities are expected to be Petrobras units…
Norwegian offshore vessel owner GC Rieber Shipping has clinched two crew-boat contract extensions in the Russian Far East.Through its JV with Russian company Prisco, GC Rieber signed a new 1+1 year charter agreements with Sakhalin Energy Investment…
Extinction Rebellion movements' climate protesters have blocked entry to Shell's offices in Aberdeen.'At 6.30 am this morning, ExtinctionRebellion Scotland blocked all entrances to the headquarters of the oil giant on Altens Farm Rd in the European Oil Capital Aberdeen…
North Sea private equity-backed Chrysaor's talks to buy smaller regional rival Siccar Point have ended after a large gap between their price expectations, three sources close to the process said. The breakdown in negotiations highlights difficulties…
Oil giant Shell has made a decision to invest in the second phase of its Malikai deepwater development offshore Malaysia.In an announcement on Monday, Shell's Malaysian subsidiary Sabah Shell Petroleum Company, the operator of the Malikai Tension-Leg Platform (TLP) located offshore Sabah…
Global Offshore Decommissioning Market, valued approximately at USD 5.84 billion in 2018, is anticipated to grow with a growth rate of more than 4.71% over the forecast period 2019-2026.Growing number of aging offshore oil and gas platforms…
Offshore cable specialist Prysmian has been selected to supply steel tube umbilicals for Petrobras' operated Mero offshore oil field in Brazil.Prysmian will supply its steel tube umbilicals for the Mero 1 ultra-deep-water development. The contract…
Polarcus has begun the latest phase of the Cygnus regional multi-client 3D survey in the Vulcan Sub-basin, offshore north-west Australia, the marine geophysical company announced on Monday.The 1,500-square-kilometer Phase 3 South survey, covering the Skua…
There’s a shake-up happening in the pipeline inspections business. More evolved remotely operated vehicles (ROV), digital aspirations and unmanned surface vessels (USV) are driving a new era of data acquisition and deliverables.It’s offering…
Final Investment Decisions (FIDs) planned across the oil and gas value chain in 2020 are set to focus on natural gas developments, according to GlobalData, a data and analytics company.According to the report, the upstream and midstream project…
Oil and gas companies are facing a critical challenge as the world increasingly shifts towards clean energy transition, and failure to address growing calls to reduce greenhouse gas emissions could threaten their long-term social acceptability and profitability…
A vessel carrying Guyana's first-ever shipment of crude set sail on Monday bound for the U.S. Gulf Coast, oil major Exxon Mobil Corp said, marking the tiny South American nation's long-awaited debut as an oil exporter.The Suezmax vessel Yannis P…
Greece-based Hellenic Cables, through its subsidiary Hellenic Cables America, announced an agreement with Semco Maritime for the supply of inter-array cables for the Mayflower Wind project, a joint venture of Shell New Energies US LLC and EDPR Offshore North America LLC…
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