Germany would face a sharp recession if gas supplies from Russia are suddenly cut off, the country's leading economic institutes said on Wednesday, and the government said the war in Ukraine poses 'substantial risks' for Europe's largest economy…
Norwegian oil company Aker BP produced 208,200 barrels of oil equivalents per day (boepd) in the first quarter, up from 207,000 boepd in the previous three months, the company said on Wednesday.However, output remains below the company's guidance of 210…
Malaysian engineering company MTC has said it has, as part of a consortium, secured the bid to deliver an FPSO for Medco Energi's Forel field in South Natuna Block B, offshore Indonesia. A consortium consisting of MTC Engineering, PT Hanochem Tiaka Samudera…
Dutch offshore installation company Heerema Marine Contractors has completed the lifting and installation of the three Tyra West wellhead and riser platforms, the utility- and living quarters, and two bridges at TotalEnergies' Tyra redevelopment project in the Danish North Sea…
Spanish power utility Iberdrola is seeking buyers for minority stakes in its three offshore wind projects in the German Baltic Sea, two sources with knowledge of the matter said.Iberdrola earns most of its income from renewable energy and power…
Danish offshore vessel operator Maersk Supply Service has won a call-off contract with Moreld Ross Offshore in Norway for the use of the Maersk Minder AHTS.'Already one of the newest, most fuel-efficient, and eco-friendly vessels in our fleet…
U.S. oil firm Murphy Oil Corporation has started oil production from the Khaleesi, Mormont, and Samurai field development project in the deepwater section of the U.S. Gulf of Mexico.Production has started flowing this month from the Murphy-operated King’s Quay floating production system…
OPEC told the European Union on Monday that current and future sanctions on Russia could create one of the worst ever oil supply shocks and it would be impossible to replace those volumes, and signaled it would not pump more.European Union officials…
Australian oil and gas company has hired engineering firm Wood for work on the Sangomar FPSO development, located 100km south of Dakar, Senegal.The Sangomar FPSO is designed for the processing of hydrocarbons and the storage of oil from Senegal's first offshore oil development…
Greece will speed up gas exploration projects in concert with private investors, its prime minister said on Tuesday, as it cuts its reliance on Russian energy and looks to become an energy hub in Europe.Russia's invasion of Ukraine and fears…
UK-based company EnerMech has won a five-year contract in Australia with Japanese oil and gas company INPEX for the provision of inspection and maintenance services at Ichthys gas project.Under the contract, of an undisclosed value, EnerMech…
Oilfield services group Hunting has won a contract to provide titanium stress joints for ExxonMobil's Yellowtail oilfield development project in the Stabroek Block offshore Guyana.Hunting said its Direct Pull-Through installation methodology…
Japan's government has asked power companies to top up their liquefied natural gas (LNG) reserves and share energy resources, a person familiar with the contingency plan said, as civilian deaths in Ukraine push Tokyo to halt Russian fuel imports…
The U.S. subsidiary of Norwegian offshore vessels owner DOF Subsea said it has secured multiple contracts for the construction support vessel Ross Candies.The 2010-built Ross Candies is one of two Jones Act-compliant vessels chartered by DOF Subsea USA from Otto Candies for operations in the U…
Falkland Islands-focused oil and gas exploration company Argos Resources said Monday that the Falkland Islands government has extended the second term of the company's PL001 offshore license.The license, which would have expired on May 2, 2022…
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