ABB has secured a contract worth around $120 million to supply the overall Electrical Power System (EPS) for Chevron's multi-billion-dollar Jansz-Io Compression (J-IC) project, offshore W. Australia.The Jansz-Io field is located around 200 kilometers offshore the north-western coast of Australia…
The market hasn't exactly cheered BHP Group's proposed exit from its oil and gas business, with shares of both the mining giant and the acquirer, Woodside Petroleum, tumbling in the wake of deal.A point of concern for investors is that BHP may have sold the assets too cheaply…
BHP Group has agreed to sell its petroleum business to Woodside Petroleum in a merger to create a top 10 independent oil and gas producer worth A$38.5 billion ($28 billion) with growth assets in Australia and the Americas.BHP's exit from petroleum…
Australian oil firm Woodside said Tuesday it had named acting CEO Meg O’Neill as the company’s Chief Executive Officer and Managing Director. O’Neill succeeds Peter Coleman who retired from Woodside in June 2021. Woodside Chairman Richard Goyder…
Santos Ltd expects its planned takeover of Oil Search, creating a A$20 billion ($15 billion) company, will help the combined group weather the energy transition better than if they remained separate.The companies agreed an all-scrip deal earlier…
OPEC and its allies, including Russia, believe oil markets do not need more oil than they plan to release in the coming months, despite U.S. pressure to add supplies to check an oil price rise, four sources told Reuters.The price of international…
TotalEnergies nad Macquarie’s Green Investment Group (GIG) and have recently secured an electricity business license (EBL) for their floating offshore wind project located off the coast of Ulsan, South Korea.This is the first floating offshore…
Australian oil company Woodside confirmed Monday it has been in talks with BHP over the potential acquisition of BHP's oil and gas business.'Woodside notes recent speculation regarding a potential transaction between Woodside and BHP Petroleum…
Expectations are growing that BHP Group Ltd will deliver a verdict on the future of its petroleum business at its results next week, as it comes under increasing pressure to cut its fossil fuel footprint.The world's biggest miner has been facing…
Norway's Aker Offshore Wind said Thursday it has, with its partner Mainstream Renewable Power, been selected as the preferred bidder to acquire an initial 50 percent stake in Progression Energy’s 800MW floating offshore wind project in Japan…
Malaysian offshore drilling contractor Sapura Drilling has awarded oilfield services giant Halliburton an offshore integrated contract.Sapura Drilling will, with Halliburton as its technical partner, execute an Integrated Rig Drilling Completion…
Oilfield services firm Baker Hughes has won a contract with Chevron to deliver subsea compression manifold technology for the Jansz-Io Compression (J-IC) project offshore W. Australia.Using its Subsea Connect early engagement approach, Baker…
Japanese energy company Inpex Corp expects its final investment decision (FID) on the Abadi liquefied natural gas project in Indonesia to be delayed because COVID-19 has disrupted survey work and adjustments may be needed due to climate change…
Guyana's Natural Resources Ministry said on Monday the country earned nearly $80 million from a July crude cargo sold to an Indian refiner, the highest figure since exports began in early 2020, though an official ruled out a long-term supply deal…
Xodus won a deal for the conceptual engineering design contract for Petronas' first complete Carbon Capture and Storage (CCS) project, offshore Malaysia. The Kasawari CCS project, off the coast of Sarawak, will comprise the capture and processing…
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