Valaris, a company leasing offshore drilling rigs to oil and gas companies, has secured a 16-well contract for one of its semi-submersible drilling rigs.The drilling firm said Monday that the Australian oil and gas firm Woodside had hired the Valaris DPS-1 semi-submersible drilling unit…
Leading international energy companies are resisting the temptation to rush and spend an unexpected windfall from rallying oil and natural gas prices as they focus on longer-term energy transition challenges, executives and analysts said.Benchmark…
Oil prices rose for a second day on Friday as the market reacted to falling U.S. inventories.Signs of strong Asian demand from both China and India also strengthened the market.Brent crude oil futures were up $1.49, or 2%, at $75.60 a barrel by 1:12 p…
Woodside Petroleum is rectifying a corrosion issue identified during planned maintenance at the Karratha gas plant in Western Australia, a company spokesperson said on Friday.'We have discussed with the regulator and are taking all necessary…
When the first gas from CNOOC Ltd's new ultra-deep field in the South China Sea started flowing in late June to the world's largest customized floating platform 1,500 meters above the sea bed, it marked a key phase in China's gas drive.For CNOOC…
Oilfield services company McDermott has won a contract to deliver subsea systems for Santos' Bayu Undan field in the Timor Sea.The contract is for a Subsea, Engineering, Procurement, Construction and Installation (EPCI) of equipment at the Bayu-Undan Infill Well Phase 3C Project…
Malaysia's state oil firm Petronas has signed a 10-year liquefied natural gas (LNG) supply agreement with a subsidiary of China's offshore oil and gas major CNOOC Ltd valued at about $7 billion, the firm said on Wednesday.Petronas, or Petroliam Nasional Berhad…
Oslo-listed floating wind tech developer BW Ideol has signed a deal with Japan's largest oil refiner Eneos to develop a site-specificcommercial-scale floating offshore wind farm off Japan.The floating wind farm would be based on BW Ideol's patented Damping Pool technology…
Royal Dutch Shell on Wednesday said it would boost its returns to shareholders via share buybacks or dividends after a sharp rise in oil and gas prices helped it reduce debt.It will increase its distribution to shareholders to 20% to 30% of cash flow from operations beginning in the second quarter…
From offshore wind farms in Britain to floating solar power plants in Vietnam, about 13,000 renewable energy projects in nearly 50 countries are waiting for finance - and could create up to 10 million green jobs, consultancy EY-Parthenon said on Wednesday…
Norway's Aker Solutions confirmed Tuesday it had secured a 'major contract' from Chevron to provide a subsea gas compression system for the Jansz-Io field, offshore Western Australia. The contract follows Chevron's sanction of the $4 billion project last week…
The Australian government on July 1 released a Request for Expressions of Interest (REOI) for Phase 1 works related to decommissioning of the Northern Endeavour FPSO currently at Laminaria-Corallina oil fields in the Timor Sea.After the offshore fields' owner…
The United Arab Emirates on Sunday said it supported an increase in oil output from August but suggested deferring to another meeting a decision by OPEC+ on extending its global oil supply pact beyond April 2022, state news agency WAM reported…
Qatar Petroleum has signed agreements with France's TotalEnergies to acquire interests in three offshore exploration blocks in South Africa.Subject to regulatory approvals, Qatar Petroleum will hold a 25% stake in the South Outeniqua block, a 30% interest in the DWOB block…
Malaysian FPSO provider Yinson has secured a contract extension for the PTSC Lam Son FPSO in Vietnam with Vietnam's PTSC AP.The 243 meters long Lam Son FPSO, able to produce 15,000-20,000 barrels of oil per day (bopd), with a storage capacity of up to 650…
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