Austrian energy group OMV will turn the page from its embrace of Russia and could signal a gradual exit from its oil and gas business when it presents its strategy under new Chief Executive Alfred Stern on Wednesday.After Stern took over as CEO last year…
Norwegian state oil company Equinor said on Monday it will stop trading in Russian oil as the company shuts down operations in Russia following its invasion of Ukraine.Equinor's official announcement comes four days after Equinor's chief executive…
Offshore wind is set to move further and further from shore, as demand for renewable energy grows and new floating turbine technology makes deep-water expansion possible. However, for the first time, large areas of the UK continental shelf now open for development are “seasonally stratified”…
Russian gas will continue to flow to Europe through Ukraine as long as the operators of Ukraine’s gas networks are able to function, the head of Ukraine's state energy firm Naftogaz told Reuters on Monday.Russia is the European Union's top gas…
Offshore vessel owner DOF said Tuesday it had won vessel charter extensions with Norway's Equinor and Shell in the UK.Equinor has exercised options to extend the firm periods of the contracts for 2008-built Skandi Mongstad PSV for three years…
Aberdeen-based Balmoral Comtec, part of Balmoral, has agreed to invest a seven-figure sum to create an advanced composites manufacturing facility on the quayside at Scotland's Montrose Port where large-scale components for the offshore energy sector will be built…
Australian oil and gas company FAR Limited said Monday it would withdraw from its offshore blocks in Guinea Bissau after failed farm-out attempts. Separately, FAR said that STAM's takeover offer for FAR had closed, without the offer conditions being satisfied…
Oil and gas company Energean, focused on bringing online the Karish gas field offshore Israel, said Monday it had signed a supply agreement with the Israel Electric Company, the largest Israeli buyer of natural gas.'IEC will now have the right to purchase natural gas from Energean’s fields…
Two leading French NGOs plan to take legal action against TotalEnergies over possible human rights abuses unless it cuts its business ties with Russia following the country's invasion of Ukraine, they said in a letter to the energy major's CEO…
Thai oil and gas giant PTT Exploration and Production Pcl said on Monday it would take over operations of the Yadana gas field in Myanmar from July following the exit of France's TotalEnergies.Oil majors Chevron and TotalEnergies in January…
Petroecuador, Ecuador's state-owned oil company, on Friday said it will look to double production to 800,000 barrels of oil equivalent per day (boed) in the next five years, which will need private sector investment worth some $12 billion.To achieve the goal…
U.S. based offshore vessel owner Bordelon Marine said it has signed a one-year firm charter agreement with Helix Robotics Solutions, the U.S. robotics division of Helix Energy Solutions Group, for the Shelia Bordelon, a 260-foot DP2 Jones-Act-compliant ultra-light intervention vessel…
Norwegian offshore support vessel owner Siem Offshore said Monday a Brazilian court had ruled in favor of Petrobras in a case related to a late vessel delivery in 2015.'Siem Offshore do Brasil has been notified of the final unfavorable decision…
Edda Wind's new commissioning service operation vessel (CSOV) was named Edda Breeze during a ceremony at Astilleros Gondan Shipyard in Spain, on Saturday.The purpose-built CSOV is designed for emissions-free operations with a hydrogen-based propulsion system…
UK Prime Minister Boris Johnson hosted a meeting with leaders of the UK offshore oil and gas industry on Monday to discuss energy security and investment in the North Sea, his spokesman said.'We've been clear that the energy firms, these suppliers…
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