Oil company Dana Petroleum has terminated a contract for the use of a Maersk Drilling rig in Denmark.The one-well contract was initially expected to start in May 2020.However, the two companies then in October 2020 said the contract start-up for the yet to be nominated rig would be deferred…
Update: Petrofac's statement included below the original articleFormer senior Petrofac Ltd executive David Lufkin pleaded guilty at Westminster Magistrates' Court on Thursday to three further bribery offenses in relation to oil deals in United Arab Emirates (UAE)…
A consortium that includes oil majors Royal Dutch Shell and ExxonMobil has requested a total of 2.1 billion euros ($2.55 billion) in subsidies for a project to store CO2 gasses in empty Dutch gas fields in the North Sea, the Dutch Economy ministry said on Thursday…
The Trump administration added China’s CNOOC to a U.S. economic blacklist on Thursday, accusing the oil giant of helping Beijing intimidate neighbors in the South China Sea and ratcheting up tension days before U.S. President-elect Joe Biden takes office…
Equinor, Norway's largest oil firm, increasingly involved in renewables such as offshore wind and floating wind, is now looking to add floating solar to its portfolio.The company said Thursday it would, together with Moss Maritime, start testing floating solar off the island of Frøya…
Norway's oil industry regulator has cut its 2021-2023 crude production forecasts, it said on Thursday, although output is still on track to grow significantly as new fields are brought on stream.The Norwegian Petroleum Directorate (NPD) expects oil production to grow by 3…
In the seven days up to 1 January 2021, the US did not record any crude oil imports from Saudi Arabia. It is the first time this has happened. Previously, imports have averaged several hundred thousand barrels per day (bpd), BIMCO said in 'BIMCO’s Shipping Number of the Week' report…
Oil and gas giant Shell has agreed to farm into the CAN 100 block, offshore Argentina, currently jointly owned by the Norwegian energy firm Equinor and Argentina's YPF.In October 2019, Equinor farmed into the YPF CAN 100 block and agreed to take over the operatorship…
Wave energy converter developer Bombora has entered into an agreement with Japan's Mitsui O.S.K. Lines (MOL) to identify wave energy potential in Japan and across the region.MOL has recently said it has completed a detailed internal technical review of Bombora’s mWave wave energy converter…
Siemens Gamesa and Siemens Energy have this week announced they'd work together on wind-to-hydrogen projects to help decarbonize the economy 'to solve the climate crisis.'The companies said they were contributing with their developments to an…
Mediterranean Sea-focused oil and gas company Energean has taken Final Investment Decision ('FID') on the Karish North gas development, offshore Israel.The gas discovery was announced in April 2019. In November 2020, DeGolyer and MacNaughton…
Six consortia have pre-qualified to take part in the tender for Denmark's largest offshore wind farm Thor, the Danish Energy Agency said Thursday.Thor will have a capacity of 800-1000 MW when it is fully installed and connected to the grid, which is expected to happen by 2027…
Wind turbine maker Vestas said on Thursday it will lay off 220 employees, primarily in Denmark and Britain, as part of the integration of its onshore and offshore operations.This follows the Danish company's October announcement that it would…
Norway's BW Energy has increased its stake in the Kudu License offshore Namibia from 56% to 95%, following the signing of a farm-in and carry agreement with the National Petroleum Corporation of Namibia (NAMCOR). NAMCOR will retain the remaining 5% working interest…
French oil giant Total and its partner Apache said Thursday they'd made a new significant oil and gas discovery at the Keskesi East-1 well, in Block 58 off the coast of Suriname. This follows previous offshore discoveries in the Block at Maka Central…
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