LogIn LogOut

Energy News

 

Beach Energy CEO Resigns

Nov 02, 2021

Matt Kay, the Managing Director and Chief Executive Officer of the Australian oil and gas company Beach Energy, has tendered his resignation and is departing Beach to pursue other professional opportunities. Morné Engelbrecht – who is currently…

Deme Offshore, Penta Ocean Form Offshore Wind Installation JV in Japan

Nov 02, 2021

Belgium-based offshore installation company Deme Offshore has in partnership with Japan's Penta-Ocean Construction formed a new joint venture company specializing in offshore wind installation called Japan Offshore Marine.'Through [Japan Offshore Marine]…

Offshore Wind Firm SSE Pacifico Created in Japan

Nov 01, 2021

UK-based renewable energy giant SSE Renewables has closed the deal to form a new joint ownership company, SSE Pacifico, which will pursue the development of offshore wind projects in Japan. The deal includes the acquisition by SSE Renewables…

Stanford Marine Orders Two Crew Boats from Grandweld

Nov 01, 2021

Grandweld shipyard has won a contract with offshore support vessel firm Stanford Marine to build two 42-meter GrandSuperior crew boats with the keel-laying ceremony recently completed. These are Grandweld’s 11th and 12th vessels built for Stanford Marine…

South Korea's Posco Acquires Offshore Block in Malaysia

Nov 01, 2021

South Korea's Posco and Malaysia's Petronas Carigali have been awarded a Production Sharing Contract (PSC) for Block PM524, offshore Malaysia.Posco is the operator with an 80 percent stake and Petronas Carigali, a subsidiary of Petronas holds the remaining 20 percent…

Exxon Posts Strongest Results Since 2017

Oct 29, 2021

Exxon Mobil on Friday pledged to revive a share repurchase program next year as its earnings outlook improved on quarterly results that topped analysts' estimates.The largest U.S. oil producer posted an adjusted profit of $1.58 a share, beating the Refinitiv estimate by two cents…

Chevron Posts Highest Quarterly Profit in Eight Years

Oct 29, 2021

Chevron Corp on Friday posted its highest quarterly profit in eight years on surging oil and gas prices and as a recovery in motor fuel demand that boosted refining margins.The strong results came a day after top executives from major oil companies were grilled by U…

Eni Q3 Profit Jumps Back to pre-COVID Levels Boosted by Gas

Oct 29, 2021

Italian energy group Eni on Friday beat expectations with a third-quarter profit that jumped back to pre-COVID levels boosted by higher gas prices.The group swung to an adjusted net profit of 1.43 billion euros ($1.67 billion) from a 153 million euro loss a year earlier and beat a 1…

China's MingYang to Deliver 11MW Wind Turbine for European Floating Wind Project

Oct 29, 2021

Chinese offshore wind turbine maker MingYang has secured an order to supply its 11MW offshore wind turbine for a floating wind project in Europe.The company said Friday the order was related to an offshore floating wind power pilot project in…

Well Disruption at Indonesia's Merakes Offshore Gas Field to Affect Output for 6 months

Oct 28, 2021

A disruption at a gas well in Indonesia's Merakes gas field is likely to affect the project's production for as long as six months, an official at the country's oil and gas regulator said on Thursday.The disruption, caused by a sand blockage…

TotalEnergies Says Gas Prices Should Stay High, Q3 Earnings Soar

Oct 28, 2021

TotalEnergies' earnings rose sharply in third quarter, the French energy group said on Thursday, as it reaped the rewards of surging power prices and predicted gas prices would remain high in Europe and Asia though next spring.The company's third-quarter adjusted net profit soared to $4…

D. R. Congo: Inpex Exits Offshore Block it Acquired in 1970

Oct 27, 2021

Japan-based oil and gas firm Inpex has said it has sold its stake in an offshore block in D. R. Congo, from which it produced oil since 1975. An expected significant decline in production is the reason for the sale, Inpex said.Inpex has sold its shares in Teikoku Oil (D…

Vestas: Construction of Wind Turbines for Japanese Project Nearly Complete

Oct 26, 2021

Danish wind turbine maker Vestas has said it has completed the construction of all the blades, nacelles, and most of the tower sections for Akita Offshore Wind Corporation's Akita Noshiro offshore wind farm project in Japan.The project will be Japan's first utility-scale offshore wind farm…

Brent Crude Prices Hits Highest Since October 2018

Oct 25, 2021

Oil prices extended pre-weekend gains on Monday to hit multi-year highs, lifted by tight global supply and strengthening fuel demand in the United States and beyond as economies recover from pandemic-induced slumps.Brent crude futures rose by 97 cents…

Upgrading Offshore Rig DP Systems Could Cut CO2 Emissions by 5,000t a Year, ADC Energy Says

Oct 25, 2021

ADC Energy, an Aberdeen-based offshore rig inspection firm, has announced the completion of a trial with 'a major rig owner' that found that an upgrade to Dynamically Positioned (DP) rigs power systems can reduce carbon emissions by nearly 5…

Current News

EnQuest Acquires Harbour Energy’s Vietnamese Assets

EnQuest Acquires Harbour Energy’s Vietnamese Assets

Woodside Finds South Korean Partners to Advance LNG Value Chain

Woodside Finds South Korean Partners to Advance LNG Value Chain

Valeura Makes Progress with Multi-Well Drilling Campaign in Gulf of Thailand

Valeura Makes Progress with Multi-Well Drilling Campaign in Gulf of Thailand

Santos and QatarEnergy Agree Mid-Term LNG Supply

Santos and QatarEnergy Agree Mid-Term LNG Supply

PTTEP Hires Energy Drilling’s Rig for Southeast Asia Offshore Job

PTTEP Hires Energy Drilling’s Rig for Southeast Asia Offshore Job

One Shelf Drilling Rig Up for New Job in India, Other for Disposal

One Shelf Drilling Rig Up for New Job in India, Other for Disposal

Four Jack-Up Drilling Rig Deals Set to Bring In $129M for Borr Drilling

Four Jack-Up Drilling Rig Deals Set to Bring In $129M for Borr Drilling

Subscribe for AOG Digital E‑News

AOG Digital E-News is the subsea industry's largest circulation and most authoritative ENews Service, delivered to your Email three times per week

Argentina appeals U.S. Court Order to Transfer 51% YPF Share
Brazil's stocks fall, but real rebound after Trump's tariffs of 50%
US again stops cattle imports from Mexico due to flesh-eating screwsworms
https://accounts.newwavemedia.com