BP will develop Venezuela's Cocuina-Manakin gas field, on the maritime border with Trinidad and Tobago, as well as explore joint opportunities in the offshore Loran gas field, the company and government said on Wednesday after signing a memorandum of understanding.Venezuela has recently signed exploration and other deals with several international producers, including Italy's Eni ENI.MIand Spain's Repsol REP…
Woodside Energy has connected its floating production unit (FPU) offshore Western Australia to onshore operations via fibre optic cable, marking a key milestone for the Scarborough Energy Project as it targets first LNG cargo later this year…
Apollo Global Management, Blackstone and are battling it out to acquire a significant stake in the mammoth LNG Canada project from energy major Shell, three people familiar with the matter said.The trio, among the world's largest asset management firms…
Ocean Winds (OW), a 50-50 joint venture between EDPR and ENGIE, has installed the final turbine at its Îles d’Yeu and Noirmoutier (EMYN) offshore wind farm in France.The installation of the final turbine marks the completion of construction works…
Oilfield services firm Archer has secured a three-year contract extension from Equinor for wireline and intervention services on the Norwegian Continental Shelf.The extension builds on an integrated wireline contract originally awarded in 2021 and provides continued operational visibility…
Njord Survey has secured a three-year framework agreement with Equinor for pipeline inspection and integrity work across European waters.The contract includes an option to extend for one additional year and covers geophysical surveys and offshore operations…
Brazil's government on Thursday unveiled a bill to be sent to Congress under which additional revenue from higher oil prices, driven by the U.S.-Israel conflict with Iran, would offset cuts to federal taxes on fuels.Planning Minister Bruno Moretti said the proposal aims for full fiscal neutrality…
The European Union is considering dropping its opposition to new oil and gas drilling in the Arctic, the Financial Times reported on Wednesday.The EU has been pushing for an international ban on new oil and gas drilling on environmental grounds since 2021…
A Dutch climate activist group launched a new court case against Shell on Tuesday in the Netherlands, demanding that the British energy major immediately end its investments in new oil and gas projects.Like a number of its peers seeking to capitalise…
Offshore drilling contractor Transocean has secured a five-well contract for its Deepwater Asgard drillship in the Eastern Mediterranean Sea.The estimated 390-day campaign with an undisclosed operator is expected to start in the fourth quarter…
Offshore drilling contractor Transocean has secured a contract extension for its Deepwater Corcovado drillship with Petrobras, adding about $445 million in backlog.The 1,156-day extension will begin in direct continuation of the rig’s current…
Oil prices dived, stocks surged and the dollar was knocked back on Wednesday as a two-week Middle East ceasefire sparked a relief rally, fuelled by hopes that oil and gas flows through the Strait of Hormuz could resume.The news capped weeks of market volatility and geopolitical upheaval after U…
European energy majors TotalEnergies and Shell are among companies eyeing a majority stake in one of the U.S. Gulf's most promising sites, three sources with knowledge of the process said, as interest in North American energy prospects rises due to the Middle East conflict…
Shell is in advanced talks with Venezuela's government to develop four large areas near Trinidad and Tobago, in two of the South American country's largest offshore natural gas fields, two people familiar with the discussions said.The London…
Tenaris has acquired the oilfield division of AllTorque, a manufacturer of tubular running technology, as it expands its services offering and footprint in Canada.The company said the acquisition builds on an existing partnership and enhances its WISer solutions for Rig Direct customers…
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