Norwegian oil firm DNO has bought another 914,732 shares in Faroe Petroleum at 151.6 pence each, it said on Tuesday.The purchase, at just below the 152 pence per share price it has offered in a takeover bid for Faroe, adds slightly to DNO's stake…
Italian energy giant Eni announced that Indonesia has approved its investment plan for the Merakes project, located in the Kutei Basin, offshore East Kalimantan.Eni will now start work on developing the project, which will involve drilling and constructing subsea wells in water depths of 1…
Offshore engineering and construction specialist Subsea 7 has won an EPCI contract from Royal Dutch Shell for the Shearwater Fulmar Gas Line (FGL) Re-Plumb project, located approximately 140 miles east of Aberdeen in the UK central North Sea…
The global engineering company based in Oslo Aker Solutions announced that it will provide engineering services for BP’s Clair South project in the UK North Sea.The pre-FEED (Front End Engineering and Design) contract, which was awarded in September…
Angola’s Sonangol and British supermajor BP on Monday signed an agreement to progress to final investment decision (FID) for the development of the Platina field in the BP-operated deepwater Block 18, offshore Angola.Platina would be BP’s first…
The Brazilian energy advisory council on Monday approved the sixth-round auction for Brazil's coveted pre-salt offshore oil area to be held next year, the energy ministry said.The auction will include the two new blocks of Southwest Sagittarius…
Sabella, a French tidal and ocean stream turbine developer, partnered with QOS Energy to improve the performance monitoring of its Ushant tidal energy project. The first 1MW tidal turbine is immersed 55 meters underwater off the west coast of France…
Africa focussed Australian oil and gas FAR Limited has begun front-end engineering design (FEED) activities for phase-one development of its SNE oil field offshore Senegal.The FEED will aim to finalise budget, schedule and technical definition…
A U.S. government auction for three wind leases off the coast of Massachusetts ended on Friday with record-setting bids totaling more than $400 million from European energy giants including Royal Dutch Shell Plc and Equinor ASA.The Bureau of…
BP in Trinidad and Tobago (bptt) gave the go-ahead to two new gas developments, Cassia compression and Matapal, offshore Trinidad, it said on Friday.BP will build a new platform, Cassia C, and first gas from the facility is expected in the third quarter of 2021…
UK-based Moray Offshore Windfarm (East) announced that it has reached financial close – a major milestone marking the commencement of GBP 2.6 bln of project finance investment.The consortiumwhich develops and operates offshore wind farms, known as ‘Moray East’…
The largest energy company in Denmark, Ørsted A/S announced ‘Offshore wind biodiversity policy’ to set out the principles that underpin our efforts to protect the natural environment in the areas where we develop, construct and operate offshore wind farms…
UK-based oil and gas exploration firm i3 Energy PLC said its Serenity prospect in the North Sea 'provides significant organic growth' for its Liberator development.The company estimates that Serenity contains P50 stock tank oil-initially-in-place of 197mln stock tank barrels…
French energy company Total said it has agreed to sell a 4 percent stake in its Australian Ichthys liquefied natural gas (LNG) project to Japanese partner Inpex for $1.6 billion, following cost overruns.'This transaction is part of our constant portfolio review to optimize our capital allocation…
ExxonMobil Corp and the world's top miner BHP Billiton said on Thursday they approved development of the West Barracouta gas field in the Gippsland Basin in Australia, to bring fresh gas to Australian domestic markets.Exxon said the project…
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