MODEC has signed a joint development agreement with Norway-based Eld Energy to advance an integrated solid oxide fuel cell and CO2 capture system for floating production, storage and offloading (FPSO) vessels, as the offshore industry looks to cut emissions from power generation…
Japan’s largest power generator JERA has received the first liquefied natural gas (LNG) cargo from the Barossa Gas Project in Australia, marking the start of shipments from the project after production commissioning began last year.The Barossa project…
A joint venture between Nigeria’s state oil company Nigerian National Petroleum Company (NNPC) and Chevron Nigeria Limited (CNL) has confirmed hydrocarbons across multiple reservoir zones following the drilling of the Awodi-07 appraisal and…
European countries have agreed to jointly develop a vast offshore wind network, marking a pivotal step in the region's push to both trim its dependence on U.S. natural gas imports and tackle rising renewable energy costs.At the North Sea Summit on Monday…
Energean on Tuesday forecast 2026 production of 140-150 thousand barrels of oil equivalent per day (kboed), below last year's numbers, as the gas producer looks to expand operations and boost output amid geopolitical disruptions.Shares of the FTSE-250 company were down 2…
Governments from nine North Sea countries, together with industry and power grid operators, have formed an investment pact aimed at mobilizing up to $1.17 trillion (€1 trillion) in offshore wind investment and accelerating Europe’s buildout of offshore wind capacity…
Akrake Petroleum, an indirect subsidiary of Rex International Holding, is completing drilling operations on a key production well at the Sèmè field offshore Benin, with oil production expected to begin in early February.The drilling operations…
Gulf Marine Services (GMS), a provider of jack-up support vessels to the offshore energy industry, has agreed to acquire a new mid-class self-propelled, self-elevating support vessel, marking its first vessel acquisition in a decade.The vessel…
Beacon Offshore Energy has started oil and gas production from its Zephyrus field in the U.S. Gulf of America, with output from the initial well beginning in late December 2025.The Miocene-aged development is located in Mississippi Canyon Block 759…
Offshore drilling contractor Noble Corporation has secured new contract awards for nine rigs totaling about $1.3 billion in backlog, including a three-year deal that marks its entry into Norway’s harsh-environment floater market.The largest…
European Union countries on Monday gave their final approval to the bloc's plan to ban Russian gas imports by late 2027, allowing it to pass into law.The policy makes legally-binding the EU's vow to cut ties with its former top gas supplier…
Libya signed a 25-year oil development agreement on Saturday with France's TotalEnergies and U.S.-based ConocoPhillips, involving more than $20 billion in foreign-financed investment, Prime Minister Abdulhamid al-Dbeibah said.Signed through Waha Oil Company…
Baker Hughes on Sunday reported an 11% rise in adjusted profit for the fourth quarter as demand for its gas technology equipment and services more than offset weakness in its oilfield services and equipment business.The company has banked on demand for equipment and services…
European governments including Germany, Britain and Denmark will reinforce their plans to massively expand wind power projects on Monday, despite U.S. President Donald Trump stepping up criticism of their green energy agenda, a draft declaration due to be signed by government leaders showed…
SLB beat Wall Street estimates for fourth-quarter profit on Friday, as the world's top oilfield services provider benefited from the ChampionX acquisition and unveiled plans to return $4 billion to shareholders this year.The company closed the $7…
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