Shell and INEOS Energy have agreed to jointly invest in new oil and gas exploration and development opportunities near the Appomattox platform in the Gulf of America.INEOS will acquire a 21% working interest for an undisclosed amount, aligning with its existing stakes in Appomattox, Rydberg, the Nashville discovery and the Mattox pipeline.The companies will initially focus on three opportunities - the Fort Sumter discovery…
Delfin Midstream has signed a long-term liquefied natural gas supply agreement with commodity trader Gunvor Group tied to its offshore Louisiana export project.Under the agreement, Delfin LNG, a subsidiary of Delfin Midstream, will supply 0…
Harbour Energy on Thursday narrowed its annual production forecast upward after a strong first-quarter performance, helped by newly acquired assets in the face of disruptions in energy prices and supply due to the Middle East war.The London-listed firm has increasingly diversified beyond the UK…
Shell's first-quarter profit beat estimates and hit its highest in two years at $6.9 billion on Thursday, boosted by gains linked to the Middle East war, leading the company to raise the dividend by 5%.At the same time, it slowed its quarterly share buyback programme to $3 billion from $3…
Baker Hughes and thermoplastic composite pipe manufacturer Strohm have signed an agreement to jointly develop a hybrid flexible pipe for ultradeepwater flowline and riser applications.The companies said the new solution is aimed at offshore projects in water depths exceeding 3…
DeepOcean has completed its first subsea intervention project with offshore operational leadership managed from shore, carrying out the work for Aker BP at the Idun Nord field in the Norwegian Sea.The operation involved a work-class remotely…
Danish wind turbine maker Vestas reported an unexpectedly large first-quarter profit rise on Wednesday as it ramped up production for the offshore sector, but warned of geopolitical and tariff-related risks.'Last year in Q1 we hadn't put a single one of our new offshore turbines up…
Danish offshore wind developer Orsted on Wednesday reported a first-quarter core profit above forecasts, driven by an increase in power output and kept its full-year outlook for the year.Orsted in recent years struggled with soaring costs from…
Subsea7 has been awarded a substantial engineering, procurement, construction and installation (EPCI) contract by ExxonMobil for a subsea tie-back project offshore Angola.The contract, awarded to Subsea Integration Alliance, relates to the Redevelopment 2…
Vår Energi has exercised a second option for the COSL Drilling Europe's COSLPioneer semi-submersible drilling rig.The extension builds on existing operations and reflects continued cooperation between the companies.The COSLPioneer is a semi…
Multidisciplinary consultancy AGR has entered into a partnership agreement to onboard the offshore support vessel Aquaman II, expanding its capacity for subsea operations, plug and abandonment (P&A) and decommissioning work in the North Sea…
Equinor has started production at the Eirin field in the North Sea, with gas now being exported to Europe via the Gina Krog and Sleipner A platforms.The subsea development, tied back to the Gina Krog platform, was completed in about three years and is expected to recover around 27…
Brent crude futures retreated on Tuesday but held near $114 a barrel following fresh hostilities in the Middle East, while investors monitored developments in the U.S.-Israeli conflict with Iran.The U.S. and Iran launched new attacks in the…
Thailand on Tuesday unilaterally terminated a longstanding agreement with Cambodia to work towards joint offshore energy exploration, defying calls from its neighbour to stay the course on the 25-year-old pact.The Thai cabinet's cancellation of the agreement…
Guyana has asked judges at the International Court of Justice to rule that Venezuela does not have a legitimate claim on the potentially oil-rich region around the Esequibo river, which has been the subject of a dispute between the Latin American neighbours since colonial days…
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