Oil giant Shell will pull out of three offshore gas projects in Colombia's Caribbean, it owns together with Colombia's state-run oil company Ecopetrol, the groups said on Thursday.Shell had acquired a 50% operating stake in Col 5, Purple Angel and Fuerte Sur deepwater blocs in 2020…
Eco Wave Power, an onshore wave energy technology company, announced the signing of a manufacturing agreement with All-Ways Metal, for the production of floaters for its wave energy project in the Port of Los Angeles. This marks a milestone in the development of Eco Wave Power's first-ever U…
Ørsted has expanded its Group Executive Team with the appointment of two new members, enabling the representation of the full offshore wind value chain, including development, construction, and generation.Effective from May 1, 2025, Amanda Dasch…
Shell plans to complete a marine survey at Venezuela's offshore Dragon gas field before a U.S.-set May deadline to wind down all licenses related to energy projects in the country, sources close to the preparations said.Colombia-flagged survey vessel Dona Jose II arrived in U…
A number of multinational oil and gas companies including Chevron have exited their Red Sea oil and gas concession blocks after making no finds and have channeled their resources elsewhere in the country, the Egyptian petroleum ministry said…
Shell has revealed ‘significantly better’ porosity and permeability properties at its Selene gas prospect in the North Sea, following the analysis of the data from the well drilled in 2024, prompting its partner Deltic Energy to raise estimates of recoverable gas reserves by 33%…
Australia-based oil exploration and production company Grand Gulf Energy has entered into a binding option agreement to acquire 100% of Wrangel, which is an applicant for a 70% working interest in a license at Walvis Basin, offshore Namibia…
From June 18-20, 2025, the Japan Energy Summit & Exhibition will return to Tokyo Big Sight, convening global energy leaders, influential policymakers, and industry executives to advance Japan’s energy transition, investment landscape, and strategic role in the global energy system…
The United States has revoked two licenses it had granted in recent years for the development of offshore natural gas projects between Trinidad and Tobago and Venezuela, the Caribbean country's prime minister, Stuart Young, said on Tuesday.Trinidad…
Shell, through its subsidiaries, has awarded a contract to Stena Drilling for the Mobile Offshore Drilling Unit (MODU) Stena DrillMAX, which will be put to work offshore Suriname.KE STP Company and BG International Limited Suriname Branch, subsidiaries of Shell…
Shell lowered its first-quarter liquefied natural gas (LNG) production outlook in a trading update on Monday, citing the impact of bad weather in Australia, before it publishes results on May 2.The British company guided for LNG output to reach between 6…
The National Ocean Industries Association (NOIA) Board of Directors has elected Joe Leimkuhler, Chief Operating Officer of Beacon Offshore Energy, as the NOIA Chair for the 2025-2026 term. Eric Zimmermann, Chief Operating Officer of LLOG, was elected as the 2025-2026 Vice Chair…
Global technology company SLB announced a partnership with Shell to deploy Petrel subsurface software across its assets worldwide. The adoption of Petrel software is designed to increase digital capabilities and drive operating cost efficiencies…
Subsea 7 has secured a sizeable contract by Shell for the Sparta deepwater development in the United Stats.The project involves the transportation and installation of a floating production system (FPS) at Garden Banks block 959, which is located…
Nigerian President Bola Ahmed Tinubu has appointed Bayo Ojulari, a former Shell executive, to head the state-owned oil firm NNPC Ltd as the country seeks to raise oil production and revitalise its refining capacity, the presidency said on Wednesday…
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