Italian oil company Eni and Australia-based Santos on Monday agreed to jointly seek cooperation opportunities in Australia and East Timor.Under the non-binding memorandum of understanding, the companies will look at potential optimizations, synergies…
Lower wind speeds and cable problems hit first-quarter earnings at Denmark's Orsted , sending shares in the world's biggest offshore wind farm developer lower on Thursday.Earnings before interest, tax, depreciation and amortisation (EBITDA) came in at 4…
Independent energy services company AGR said it has won a contract to assist with well planning and engineering on the Jade prospect in Block 29/11, offshore China.The contract, signed with oil and gas development company Empyrean Energy, will…
Dogger Bank is not simply an offshore windfarm project, it is THE offshore windfarm project. Dogger Bank is an offshore wind farm site in the UK North Sea that will, once fully built, be the world's largest and most innovative. Here Offshore…
China Petroleum & Chemical Corp swung to a first-quarter profit from a loss a year earlier, with net income reaching 18.54 billion yuan ($2.86 billion), amid a recovery in global oil prices and robust demand for refined oil products.Asia's top oil refiner…
International oil activity should ramp-up through the end of this year and beyond, Schlumberger NV top boss Olivier Le Peuch said on Friday, a shift that will help the company grow revenue outside North America by double-digits in the second half of the year…
U.S. oil giant Chevron Corp lobbied lawmakers and government officials to protect its energy interests in Myanmar during the first quarter, as the administration of President Joe Biden comes under pressure to impose sanctions against the south Asian country’s military junta…
Malaysia's Petronas has awarded the Production Sharing Contract (PSC) for the South East Collins Cluster under the newly introduced Small Field Asset (SFA) PSC terms, to Vestigo Petroleum.The South East Collins Cluster, located in water depths of 42 to 45 meters 70km northeast of Labuan Island…
Australian oil and gas companies Carnarvon Petroleum and Advance Energy have completed the Buffalo oil field farm-out agreement as all the necessary conditions have been met.Carnarvon in December 2020 announced that Advance Energy would acquire 50% of the Buffalo project in the Timor Sea…
Australian oil and gas company Cooper Energy has hired Helix Energy Solutions' Q7000 light well intervention offshore rig, to support decommissioning work at the company's Basker, Manta and Gummy (BMG) fields in the Gippsland Basin, off Australia…
In January, Occidental Petroleum announced it had accomplished something no oil company had done before: It sold a shipload of crude that it said was 100% carbon-neutral.While the two-million-barrel cargo to India was destined to produce more…
Japanese conglomerate Mitsui and the country's largest wind turbine maintenance company Hokutaku, have this week formed Horizon Ocean Management, Ltd. ('HOM') for the purpose of providing inspection and maintenance services for offshore wind turbines…
BANGKOK (Thomson Reuters Foundation) - Singapore is betting on floating solar farms and vertical panels to increase its clean-energy supplies and cut carbon emissions, a model that could work in other densely populated cities, urban experts said…
Petronas' Gabon subsidiary PC Gabon Upstream has chartered Maersk Drilling's deepwater drillship for one exploration well in Gabon.Maersk Drilling will supply the 2013-built Maersk Viking drilling rig which PC Gabon Upstream will use to drill an ultra-deepwater exploration well at approximately 2…
Shen Lan Tan Suo, a semi-submersible drilling rig from China Merchant Heavy Industry (CMHI), has received DNV’s Smart vessel notation compliance certificate. The rig is now the world’s first offshore unit the first to receive DNV's newly developed notation…
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