Energy group BP will increase its low-carbon spending to $5 billion a year by 2030 and boost its renewable power generation to 50 gigawatts (GW) while shrinking oil and gas output by 40% compared with 2019, it said on Tuesday.The portfolio it plans to build would include renewables…
Neptune Energy has said it has made the largest oil discovery in Norway so far this year at its Dugong well in the North Sea.After announcing preliminary results in July, the company on Tuesday confirmed the commercial discovery of oil at the Dugong well (PL882)…
BP has chartered Solstad Offshore's three offshore support vessels to support its Ironbark drilling campaign in Australia.Norway's based offshore vessel owner Solstad Offshore said Monday that BP had awarded contracts for two anchor handling tug and supply vessels Normand Saracen and Far Senator…
The U.S.-based offshore support vessel operator Harvey Gulf International Marine has appointed Ed Galloway to manage Harvey’s new subsea venture company, Harvey Subsea Services. Galloway was previously Director of Gulf of Mexico Region for Subsea7/i-Tech7 where he ran the company’s IMR business…
Former Guyanese housing minister Irfaan Ali was sworn in as president of the newly oil-producing South American country on Sunday, after he was declared winner of a disputed March 2 election following a recount.Preliminary recount data released in June showed Ali…
Jack-up drilling rig owner Borr Drilling has signed agreements that should secure work for three of its drilling rigs. The Oslo-listed company said Monday it had entered into a contract and LOIs for three of its currently warm stacked rigs, adding USD 21 million to the total backlog…
Indonesia announced over the weekend that it had made revisions to a 2017 law that will give oil and gas investors more flexibility when choosing their contract options for exploration.The revisions, which came into effect on July 16, allow…
Italian oil and gas company Eni has named Francesco Gattei as its Chief Financial Officer.In 2019, Gattei moved to Houston to become Eni's Upstream Director of the Americas, managing the E&P business in the USA, Mexico, Venezuela, and Argentina…
Marine classification society American Bureau of Shipping (ABS) will provide classification services to the first floating heavy lift and installation vessel to be built in Taiwan.The vessel named the Green Jade has been commissioned by CDWE…
UK-based oil and gas company Independent Oil and Gas has ordered two offshore platforms for its Core Project Phase 1 development in the North Sea.The Core Project comprises gas resources across six discovered UK Southern North Sea ('SNS') gas fields…
Offshore oil and gas driller Noble Corp said on Friday it had filed for chapter 11 bankruptcy protection to restructure debt, following a historic fall in energy prices.The company said it would swap all its bond debt, which accounts for more than $3…
Brazilian state-run oil firm Petroleo Brasileiro SA on Thursday posted a loss of 2.7 billion reais ($524 million) in the second quarter, hurt by tumbling oil prices despite record export volumes to China.The result, down from a record quarterly profit of 18…
Danish offshore drilling company Maersk Drilling said Friday its Chief Financial Officer Jesper Ridder Olsen would step down from the position by January 2021.The offshore drilling contractor said that Ridder Olsen had 'decided to pursue another…
Exxon Mobil Corp reported a $1.1 billion loss for the second quarter on Friday, the first back-to-back quarterly loss for the U.S. oil giant in at least 36 years.Exxon stood out among its supermajor peers for not taking a large writedown on…
Rosneft, Russia's largest oil producer, will cut salaries at its central office by a quarter following a decision to reduce the working hours due to the fallout from the coronavirus, Kommersant daily reported on Friday.The newspaper, citing unnamed sources…
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