U.S. Gulf of Mexico focused oil and gas W&T Offshore on Monday announced the promotion of William J. Williford to Executive Vice President and Chief Operating Officer.Tracy W. Krohn, W&T’s Chairman and CEO, stated, “William has been important…
Britain will step up its production of oil and gas after saying it will ban Russian oil imports at the end of the year, transport minister Grant Shapps said on Wednesday.'We're fortunate in the UK that we don't buy proportionately very much…
Britain will phase out imports of Russian oil and oil products by the end of 2022, Prime Minister Boris Johnson said on Tuesday, joining other nations including the United States in reducing their energy dependency on Russia.In response to President Vladimir Putin's decision to invade of Ukraine…
Malaysia's state energy firm Petronas said on Wednesday it has signed an agreement with Japanese shipping company Mitsui O.S.K Lines (MOL) to explore opportunities in liquefied carbon dioxide (CO2) shipping in Asia Pacific and Oceania regions…
The British government believes the North Sea oil and gas industry should play a role in the country's transition to net zero, finance minister Rishi Sunak said on Thursday.'We believe in the future of the North Sea, we believe in the oil and gas industry…
Renewable energy company Ørsted on Wednesday missed fourth-quarter operating profit expectations, but said it expected a boost in earnings as wind speeds should return to normal this year after an unusually calm 2021.Ørsted's shares rose by as much as 6% at opening and were trading 1…
Abu Dhabi's Mugharraq Port has been recognized as an international port facility under the provisions of the International Code for the Security of Ships and of Port Facilities (ISPS Code), AD Ports Group announced on Sunday.The port, located in the Al Dhafra region…
China's State Power Investment Corp (SPIC), the country's top green power operator, connected two newly built offshore wind farms off south China's Guangdong province to the state grid on Tuesday, the company said on its official Wechat account…
Seadrill’s creditors are now the proud owners of 24 offshore rigs. The most important question for them: what are they worth? Esgian's Hans Jacob Bassoe writes.Earlier this year, Seadrill filed for chapter 11 for the second time since 2017 and…
Renewable firms, oil majors and investors said they would bid into Scotland's offshore wind leasing round which closed on Friday, signaling the huge demand globally for the rights to build new offshore wind farms.Crown Estate Scotland's ScotWind…
Wind farm developer Ørsted plans to submit a joint bid with Danish pension fund ATP to finance and build the world's first energy island in the North Sea.The artificial island, which will produce and store enough green energy to cover the electricity needs of 3 million European households…
Oil firm BP said Wednesday that Peter Mather, BP’s UK head of country and senior vice president for Europe, would leave the company at the end of the year. Louise Kingham OBE will succeed Mather.Mather has been UK head of country and regional…
SNC-Lavalin Group Inc said on Tuesday it would sell its oil and gas business to Kentech Corporate Holdings Ltd, an energy services company backed by private equity firm Blue Water Energy, and focus on its high-performing engineering services…
Japanese trading house Sumitomo Corp will stop investing in new oil development projects as it shifts away from fossil fuels businesses amid a global push to cut greenhouse gas emissions, the Nikkei business daily reported on Sunday.The move…
Wind turbine maker Vestas said on Thursday it will lay off 220 employees, primarily in Denmark and Britain, as part of the integration of its onshore and offshore operations.This follows the Danish company's October announcement that it would…
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