Ecuadorean state-run oil company Petroecuador on Thursday announced two auctions, hoping to attract private company bids for a flagship offshore natural gas field and a contract to modernize the Esmeraldas refinery.Petroecuador is seeking a…
Glenn Richey, the Raymond J. Harbert Eminent Scholar and chair of the Department of Supply Chain Management in Auburn University’s Harbert College of Business, comments on record gas prices and how the Biden administration needs to work with…
The European Commission has proposed a deal to EU member states with Egypt and Israel to boost imports of natural gas from the eastern Mediterranean, according to a draft document seen by Reuters dated June 7.The draft memorandum of understanding…
Italy's Eni and Norway's HitecVision completed the sale of a 5% stake in Norwegian oil firm Vår Energi worth $530 million, the Italian energy group said on Thursday.Vår Energi, whose shares dropped 9% in morning trade, listed in February and…
Norway's OSM Offshore AS won a contract with Equinor to upgrade and modify the Heidrun B Floating Storage Unit (FSU).The Heidrun B vessel unit is operating at the Heidrun field at the Halten bank in the Norwegian Sea. The FSU was delivered from…
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…
Workers on Shell Plc's Prelude floating liquefied natural gas (FLNG) facility off Western Australia are set to begin 12 days of industrial action on Friday over a pay fight, a union alliance said on Thursday.Shell did not comment on what impact…
Perenco Trinidad & Tobago said this week it had held the ground-breaking ceremony for the 'Macarius Power,' , the first platform to be installed in the Teak, Samaan & Poui (TSP) fields since the 1980s.Perenco T&T and its local partners launched…
Oil tanker operator International Seaways has sold its 50% stake in two floating storage and offshore (FSO) vessels, the FSO Asia and FSO Africa, to its joint venture partner Euronav NV. The purchase price values the two FSO vessels at $300 million in total…
Colombia's leftist firebrand presidential candidate Gustavo Petro is too close in recent polls for the comfort of oil companies and miners who worry that his promised policies would imperil Colombia's economy and energy self-sufficiency, high-ranking industry figures and business associations said…
UK North Sea-focused oil and gas company Tailwind said earlier this week that successful well intervention had been completed at the Dana-operated Bittern Field.The Bittern field produces oil via the Triton FPSO, located in block 21/30, approximately 120 miles east of Aberdeen…
Bursa Malaysia-listed Dayang Enterprise has won a contract for the provision of maintenance, construction, and modification services at Enquest's Seligi field, offshore Malaysia.The value of the contract will be determined based on work orders issued by Enquest throughout the contract duration…
More than one in ten Norwegian offshore oil and gas workers plan strike action from Sunday if state-brokered wage mediation fails, a Reuters calculation based on labor union data showed on Tuesday.A strike by 845 of Norway's roughly 7,500 offshore…
EIG Global Energy Partners is in early discussions with Repsol to buy a slice of the Spanish company's oil and gas exploration and production business, three sources with knowledge of the matter told Reuters.The U.S. fund is seeking to purchase up to 25% of Repsol's so-called upstream business…
To develop stranded gas reserves in remote regions, chemical engineers from The University of Western Australia are cooperating on novel cost- and carbon-reduction technology.Professor Zachary Aman, Chevron Woodside Chair in Long Subsea Tiebacks…
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