CNOOC Ltd's third-quarter net profit soared by 89% from a year earlier to 36.9 billion yuan ($5.11 billion), driven by stronger oil and gas prices, the Chinese offshore oil and gas major said on Thursday. Third-quarter revenue rose 54% on the year to 89…
Ørsted, one of the world's largest offshore wind developers, has appointed Henriette Holm as its new Country Manager for Japan.'Henriette Holm brings more than 25 years of experience with Ørsted, and its predecessor organisation, working across transactions…
Oil and gas companies Jadestone Energy and OMV New Zealand have 'reluctantly' agreed to terminate the sale and purchase agreement to acquire an operated 69% interest in the Maari Project, offshore New Zealand, citing regulatory uncertainty.Singapore…
Elenergy Co Ltd, a Korean renewable energy development firm, has hired DNV as the owner's engineer for its 1.5 GW fixed-bottom Chujin offshore wind project.The Chujin offshore wind farm will be the largest commercial-scale offshore wind farm in South Korea…
Russia's top oil producer Rosneft has issued a tender to sell six cargoes of Sokol crude for loading in November to early December in a sign that output from the Sakhalin-1 project may be recovering following the departure of ExxonMobil, sources said…
Chinese offshore drilling contractor China Oilfield Services Limited (COSL) said Monday it had recently signed several long-term drilling rig service contracts in the Middle East. The contracts are worth around RMB14 billion (~$1,92 billion) in total…
Saad al-Kaabi, the head of Qatar's state-run energy company, said on Monday all oil and gas trade should be depoliticized, calling for policies to move away from sanctions and anti-free market agreements.The comments by Kaabi, who is also Qatar's minister of state for energy…
Malaysia-based energy solutions provider, T7 Global has, via its subsidiary Tanjung Offshore, received a work order award from Hibiscus Oil & Gas Malaysia.The contract, with the oil company formerly known as as Repsol Oil & Gas Malaysia Limited…
The AIM-quoted oil and gas exploration and appraisal company Baron Oil said Monday that its Chuditch Production Sharing Contract, offshore Timor-Leste could hold much more gas than previously estimated.According to the company, per the preliminary…
Atlantic, Gulf & Pacific International Holdings (AG&P) said Sunday that it had converted the 137,512 cubic meter LNG carrier called ISH into a Floating Storage Unit (FSU), which will be a part of an LNG import terminal in the Philippines from 2023…
Abu Dhabi National Oil Company (ADNOC) said Thursday it had set a new world record for the longest oil and gas well, at its Upper Zakum offshore concession.'Stretching 50,000 feet [15240 meters], the well is around 800 feet [243.84 meters] longer…
InterMoor said Thursday it had secured the engineering design scope and the transportation and installation study for two upcoming offshore floating wind farms offshore Asia. The company, a brand in Acteon’s Engineering, Moorings and Foundations Division…
Oilfield services company Baker Hughes has appointed Nancy Buese as Chief Financial Officer effective November 2, 2022. 'Buese brings more than 30 years of financial and leadership experience to the role, previously serving as EVP & CFO of…
Baker Hughes Co posted a quarterly loss on Wednesday, compared with a profit a year ago, hit by $230 million in restructuring and impairment charges relating to the oilfield services provider's latest reorganization. The company during the recent…
Wind turbine maker Siemens Gamesa said Wednesday it had signed two agreements with the Hai Long Offshore Wind project owners at an energy industry event in Taiwan.The Hai Long consortium is a partnership between Canadian independent power producer Northland Power Inc…
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