A new floating reception terminal for liquefied natural gas (LNG) off the German Baltic Coast should be operational from the first quarter of 2024, gas pipeline operator Gascade, which is building its onshore connection, said on Wednesday.Located off Mukran on the Baltic Sea island of Ruegen…
Valeura Energy Inc., the upstream oil and gas company with assets in the Gulf of Thailand and the Thrace Basin of Turkey, on Wednesday announced the departure from its board of directors of independent director, Kimberley Wood, effective September 18…
India's state-run Oil and Natural Gas Corp wants to eventually receive a share of crude from a Russian project it partly owns, but is willing to wait because Russian oil is hard to ship right now, the head of ONGC's overseas investment arm, ONGC Videsh…
OMV Norge, a Norwegian subsidiary of the Austrian oil firm OMV, has made a minor, non-commercial discovery at the Velocette offshore exploration well in Norway, Longboat JAPEX Norge, a partner in the PL1016 offshore license, has informed.The exploration well 6607/3-1 S in the Norwegian Sea…
Saudi oil and gas driller ADES Holding said on Wednesday it has set the final price for its initial public offering (IPO), implying a valuation of 15.242 billion riyals ($4.06 billion) for the Saudi sovereign wealth fund-backed firm.Reuters…
Exxon Mobil Corp has pledged additional oil production of nearly 40,000 barrels per day in Nigeria in a new investment push in the country, a presidential spokesperson said on Tuesday, citing Exxon's president of global upstream operations.Nigerian…
Venezuela's government on Tuesday criticized Guyana's offshore oil bidding round and said companies seeking up to eight blocks will not have rights to explore the maritime areas, which would be subject to international claims.Guyana and Venezuela…
Offshore drilling company Noble Corp. said Tuesday it had won a contract with TotalEnergies, to redeploy the harsh-environment jackup rig Noble Regina Allen for the drilling of three horizontal wells at the Fénix project in southern Argentina…
The Fraunhofer Institute for Wind Energy Systems IWES in Germany has been contracted by the Federal Maritime and Hydrographic Agency of Germany (BSH) to carry out a preliminary meteorological investigation in the North Sea as part of the area development plan…
Uruguay state-run energy firm Ancap is set to agree to final terms for a record number of seven offshore exploration licenses next month, a senior executive told Reuters, as the frontier market lures bets from global players like Shell.To date no oil or gas has been found in Uruguayan waters…
Oslo-listed AF Gruppen (AFG) has received a letter of award for a contract from the Dutch offshore services firm Heerema Marine Contractors for the engineering and offshore hook-down preparation of Equinor’s Heimdal Main Platform in the Norwegian sector of the North Sea…
CRP Subsea, an AIS company, has been awarded a contract by Ørsted to provide NjordGuard, an integrated cable protection system, for the Greater Changhua 2b & 4 offshore wind farms in Taiwan. CRP Subsea will supply a total of 142 NjordGuard cable protection systems…
The CEOs of top Saudi Arabian and U.S. oil producers Aramco and Exxon Mobil on Monday pushed back against forecasts that oil demand will peak, and said the transition to cleaner energy to fight climate change would require continuing investment in conventional oil and gas…
Malaysian oil and gas firm Hibiscus Petroleum has, via its UK North Sea subsidiary Anasuria Hibiscus UK, Ithaca Energy, and Caldera, entered into a unitization and unit operating agreement to jointly develop the Marigold field, about 250km northeast…
Costs at Equinor-operated Johan Castberg offshore field development project have increased by almost NOK 13 billion (currently $1,2 billion) since last year, but the production start-up date remains unchanged and is still slated for the fourth quarter of 2024…
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