Canada's Cenovus Energy Inc on Thursday forecast higher production and spending for 2021 after its blockbuster purchase of rival Husky Energy, expecting to benefit from a rebound in fuel demand from a slump caused by the COVID-19 pandemic.Cenovus…
The Johan Sverdrup, Norway's giant oil field in the North Sea, is expected to increase its daily production capacity up to 535,000 barrels of oil by mid-2021, Equinor, the operator of the field said.The increase is around 100,000 barrels more than the original basis at start-up in October 2019…
Abu Dhabi Ports’ maritime arm SAFEEN has signed an agreement with offshore vessel owner Allianz Marine & Logistics Services (AMLS), to launch a new international provider of integrated maritime logistic services.'Operating under the title of…
Transborders Energy, an Australian company working to develop a 1.5 mpta FLNG solution for marginal field development, on Wednesday said it had signed a multi-party and multi-project FLNG Solution Agreement with multiple contractors, bringing the FLNG unit closer to reality…
UK-based Global Energy Group and Italy's Rosetti Marino have entered into a strategic partnership to execute large scale renewable energy and energy transition EPC and EPCI contracts in the UK.Under the agreement, which is for five years, a 2-year extension option…
President Joe Biden on Wednesday signed a new raft of executive actions to combat climate change, including pausing new oil and gas leases on federal land and cutting fossil fuel subsidies, as he pursues green policies he billed as a boon for job creation…
Swedish independent oil company Lundin Energy raised its output forecast on Thursday and reported stronger than expected fourth-quarter earnings as Norway's largest oilfield Johan Sverdrup ramped up production.Lundin expects to achieve carbon neutrality for operational CO2 emissions from 2025…
Oilfield services firm Petrofac has secured an 'enhanced' five-year contract with INEOS FPS, the operator of the key UK North Sea pipeline system - the Forties.Under the terms of the agreement, Petrofac will continue to supply personnel to the Unity Platform in the Central North Sea…
Three consortia including Asian shipyards are preparing to compete to build Brazil’s Petrobras’ first two in-house platforms in more than seven years, according to four people familiar with the tender who declined to be named as the information is private…
Neptune Energy has started drilling on the Seagull oil and gas development in the UK Central North Sea, the company said Thursday.Neptune is using the Gorilla VI (JU-248) jack-up rig, operated by Valaris. The company will drill four wells for…
Offshore wind developer Vattenfall has informed that the first wind turbine has been installed at its Kriegers Flak offshore wind farm in the Danish sector of the Baltic Sea.'On 27 January, the tower, nacelle, and blades were installed for the…
President Joe Biden was set on Wednesday to sign executive actions to combat climate change, including pausing new oil and gas leases on federal land and cutting fossil fuel subsidies as he pursues green policies in stark contrast to those of his predecessor Donald Trump…
Lenders took control of Polarcus' ships on Tuesday after the seismic surveyor defaulted on its bank loans and bonds, hit by a drop in spending by energy companies struggling with the COVID-19 pandemic and volatile oil prices.The company's Oslo…
Inpex Corp, Japan's biggest oil and gas producer, said on Wednesday it is targeting net-zero carbon emissions by 2050 through the expansion of renewable and hydrogen energy as well as the use of carbon capture technology.The move comes after…
President Joe Biden believes the Nord Stream 2 natural gas pipeline is a 'bad deal for Europe' and his administration will be reviewing restrictions on the project included in a bill that passed during the Trump administration, the White House said on Tuesday…
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