Norway-based offshore wind service vessel firm Edda Wind on Thursday took delivery of Edda Boreas CSOV from Gondan Shipyard. The vessel is the second of six sister vessels to be delivered from Gondan.The commissioning service operation vessel…
U.S. maritime and logistics company Crowley said it has made a deal that could see it lease and develop an offshore wind terminal in Louisiana's Port Fourchon.The Right of First Refusal agreement was reached during Wednesday’s Greater Lafourche Port Commission (GLPC) Board Meeting in Cut Off…
Russian oil firm Lukoil has signed several agreements with Kazakhstan's KazMunayGas in Astana regarding the Kalamkas-Sea, Khazar, Auezov subsoil area development project in the Kazakhstan sector of the Caspian Sea. They define the rights and…
Norway's $1.35 trillion wealth fund said on Thursday it would step up its engagement with companies over the management of climate risk by voting against board members who it deems are not doing enough on the issue. Investing the state's revenues…
Subsea cable maker JDR has won a contract from Petrogas E&P Netherlands to supply two umbilicals for the A15 and B10 offshore conventional gas fields in the Netherlands. The fields are located in quads A & B, in a shallow water depth of 115 ft…
Indonesian energy company Medco Energi Internasional MEDC.JK (MedcoEnergi) will raise its capital expenditure by nearly 50% to about $370 million this year, with a bigger portion allocated to oil and gas development, a company director said on Thursday…
Japan's Inpex on Thursday forecast a 38% fall in net income to 270 billion yen ($2 billion) and a 19% fall in sales to 1.9 trillion yen this year, hit by lower oil prices and a stronger yen. The country's top exploration and production company…
Venezuela's PDVSA has allocated an oil cargo to a unit of Eni for a February loading, the first to the Italian firm following a contract suspension this year by new management at the state-run company, people familiar with the matter said. Eni…
Norwegian oil and gas company Vår Energi said Thursday it had discovered oil at a well in the Barents Sea, north-west of Hammerfest, Norway.The company made the discovery while drilling the 7122/8-1S Countach well in PL229, near the Goliat production platform…
Australia's Santos Ltd said on Thursday that gas production from its John Brookes platform in Western Australia has resumed, following an over two-month long outage, with operations expected to ramp up to full rates in the coming days.Around late November last year…
Norwegian oil firm Equinor said Thursday it had discovered oil and gas near its Troll field in the North Sea, offshore Norway.The discovery, named Røver Sør, is the seventh discovery in this area since the autumn of 2019.'According to preliminary…
Big Oil more than doubled its profits in 2022 to $219 billion, smashing previous records in a year of volatile energy prices where Russia's invasion of Ukraine reshaped global energy markets and, in some cases, the industry's climate ambitions…
Jadestone Energy, an Asia Pacific-focused oil and gas company, has taken a step toward restarting production from its Montara Project offshore Australia.The company shut down production from the Montara Venture FPSO last year, first, to allow…
ONGC Videsh (OVL) Ltd, the overseas exploration arm of India's Oil and Natural Gas Corp, is looking for exploration and production investment opportunities in Africa and Latin America, such as in Ghana and Surinam, managing director Rajarshi Gupta said…
Israel's NewMed Energy forecast on Tuesday that the country's nascent sovereign wealth fund will get a 52 billion shekel ($15 billion) injection in the coming decade from its two main natural gas fields. NewMed Energy Chief Executive Yossi Abu said that the company…
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