London-listed Nu-Oil and Gas' 50%-owned joint venture, Marginal Field Development Company (MFDevCo), has entered into a strategic collaboration agreement with Marnavi Offshore, including its subsidiary Next Geosolutions.Marnavi was joining MFDevCo…
Irish-domiciled multinational oilfield services company Weatherford said it has made a major enhancement to its ForeSite production optimization platform, which combines physics-based models with advanced data analytics to improve performance across wells…
French engineering services provider Doris Engineering has been awarded an advisor contract by the Senegalese ministry of petroleum and energies for the development of oil & gas projects offshore Senegal.This two-year mission consists in reviewing…
Turkey will begin drilling for resources around Cyprus, Foreign Minister Mevlut Cavusoglu said on Friday, a move that could create tensions with neighboring Cyprus and Greece over ownership of natural resources.Attempts to tap gas and oil in…
U.S. energy firms this week increased the number of oil rigs operating for the first time this year but the rig count in January fell the most in a month since April 2016, as the boom in the Permian, the nation's biggest shale oil formation…
Britain's public spending watchdog on Friday questioned a government estimate of 24 billion pounds ($31 billion) as the cost of tax relief to decommission oil and gas infrastructure.As one of the oldest and most mature oil basins, Britain's…
Total Chief Financial Officer Patrick de La Chevardiere is to retire by the end of this year, a spokesperson for the French oil and gas major said on Friday.De la Chevardiere has been Total CFO for the last 11 years and has been with the firm for 37 years…
Leonid Mikhelson, the head of Russia's Novatek said on Friday that liquefied natural gas (LNG) from the United States as its chief threat, Interfax news agency reported.He said, according to Interfax, that LNG production in the U.S. enjoys cheap financing…
France plans to double its renewable energy capacity with a system of regular tenders under a draft 10-year energy strategy plan published on Friday.The so-called PPE plan, which lays out capacity targets for various energy sectors over the 2019-2023 and 2024-28 periods…
Private-equity backed Neptune Energy and Germany's DEA are bidding for the oil and gas assets in Egypt, Italy and elsewhere being sold by EDF's Italian unit Edison, industry sources said on Friday.The offers are non-binding at this stage, one of the sources said…
German utility Uniper on Friday said ExxonMobil had signed a preliminary deal to take a substantial share of the regasification capacity at a liquefied natural gas (LNG) floating terminal planned for Wilhelmshaven.'The heads of agreement (a…
The offshore energy sector, like any industry, is constantly subject to market cycles. Challenging conditions may lower demand, resulting in a significant number of resources such as offshore support vessels (OSVs) and drillships being deactivated for potentially extended periods…
Belgian developer Parkwind has reached an agreement with Irish state-owned utility ESB to collaborate on the 330MW Oriel and 500MW Clogherhead wind farms off the coast of Ireland.The Irish utility has agreed to acquire an interest of up to 35% in the Oriel windfarm…
Wartsila has won a 6 MW energy storage project contract for the Caribbean island of Bonaire from ContourGlobal Bonaire, a subsidiary of London based ContourGlobal.The engineering, procurement, and construction (EPC) hybrid energy project includes both the hardware…
Polish state-controlled oil and gas company Polskie Górnictwo Naftowe i Gazownictwo SA (PGNiG) has released a statement claiming that the 4000th tank truck loaded with LNG has successfully left the Swionujscie terminal.'Last year 1,794 LNG tank trucks filled with LNG left the Świnoujście terminal…
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