Offshore wind developer Ørsted has completed the sale of a 25% stake in its 1,1 GW Ocean Wind offshore wind project off the coast of Atlantic City to New Jersey’s Public Service Enterprise Group (PSEG).Ocean Wind is a 1,100 MW offshore wind farm located 15 miles off the coast of southern New Jersey…
Australian oil and gas company Woodside said Tuesday its CEO Peter Coleman would retire from the company on June 3, 2021.'This follows the announcement in December 2020 of Mr. Coleman’s intention to retire from Woodside in 2021, by which time Mr…
Qatari gas company Qatargas has awarded additional work to Italy's Saipem within the North Field Production Sustainability Offshore Project, following a $1.7 billion contract announced in February.Qatargas has now exercised two options for additional work under the project…
Shareholders in Brazil's Petrobras voted on Monday to remove Roberto Castello Branco as CEO, and elected his government-picked successor to the board of directors, but discontent among some investors threatens to drag out the transition process…
For many investors, the appointment of former army general Joaquim Silva e Luna as the new chief executive of Brazil's state-run oil company Petrobras was unexpected - and unwelcome.President Jair Bolsonaro announced the 71-year-old Luna would take the helm of Petroleo Brasileiro SA…
Oil and gas investment company ADM Energy which in March agreed to invest in the development of the Barracuda oil field in OML 141, an existing discovery and near-term production asset in swamp/shallow waters offshore Nigeria, has signed a…
Independent Oil and Gas plc, the UK-based company working to develop its Phase 1 project in the Southern North Sea, has started drilling at the Elgood development well, 48/22c-H1.Elgood is the first of five planned development wells in IOG's…
Six environmental organizations, including the World Wildlife Fund and Greenpeace, on Monday, called on Norway to stop plans to open ocean areas for deep-sea mining.The government in January launched a process to open areas on its extended continental…
Norway's Equinor has received approvals to drill two offshore wells in the production licence 090 in the North Sea, offshore Norway.The Norwegian Petroleum Directorate (NPD), which has granted the regulatory approvals for the drilling operations…
Southeast Asia-focused oil firm KrisEnergy, after several delays, on March 31 completed the sale of its Block 115/09 offshore Vietnam, to an unnamed international major, never saying who the buyer was.Some two weeks later, on Monday, April 12…
Derazona Helicopters in Indonesia has ordered an Airbus H160 helicopter to be used to support the country’s oil and gas sector's operations. 'The multi-mission H160 will play an important role in the expansion plans of the Indonesian operator for oil and gas…
Africa-focused oil company Vaalco Energy has named George Maxwell as Chief Executive Officer effective April 12, 2021. Cary Bounds who has served as Chief Executive Officer since 2016 will leave Vaalco to pursue other interests.Maxwell, who…
The board of Brazilian state-run oil company Petrobras has approved an agreement with the government regarding the compensation that must be paid to Petrobras in the event of an auction of reserves in two offshore oil areas, the firm said on Friday…
Marine seismic acquisition company Shearwater GeoServices has won a 3D seismic survey contract in Vietnam.The company said the contract was awarded by 'a major operator,' but it did not say who the client was.The two-and-a-half-month project…
Norway's $1.3 trillion wealth fund, the world's largest, should reduce the size of its global company reference index by between 25% and 30% to better follow up companies, primarily by removing small-cap stocks, the finance ministry proposed on Friday…
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