Dealmaking in the U.S. upstream oil and gas industry hit $105 billion in 2024, the third highest annual total ever, but activity slowed in the second half as buyers found fewer targets to acquire, consultancy Enverus said on Wednesday.Last year's…
Trinidad and Tobago on Tuesday offered 26 offshore oil and gas blocks in its largest-ever auction of areas for deepwater exploration and production, according to an official notice.The twin-island Caribbean country, Latin America's largest exporter of liquefied natural gas (LNG)…
Wall Street expects U.S. oil and gas companies to keep a lid on spending in 2025 and keep their focus on generating shareholder returns, despite calls by President Donald Trump to 'drill, baby, drill.'Big Oil begins reporting fourth-quarter results this week…
Motive Offshore, an equipment provider for the energy sector, has set up a new office in Houston, Texas, following a fourfold increase in its equipment for the Americas.The strategic expansion will support increasing operational demands and sets the stage for continued growth…
U.S.-based subsea services and technology firm Oceaneering has placed an initial order for a minimum of 100 units of Exail’s new Octans 9 Attitude Heading Referencing Systems (AHRS), as it aims to enhance capabilities for offshore survey and positioning projects…
Equinor has awarded pre-FEED study contracts to BW Offshore and Altera Infrastructure for the Bay du Nord floating production storage and offloading (FPSO) vessel, planned for deployment offshore Canada.The Bay du Nord project consists of several oil discoveries in the Flemish Pass basin…
Italy's Prysmian will abandon a plan to build a plant in the United States to make cables for offshore wind parks, the group said in a statement seen by Reuters on Tuesday, even as it expands its overall business in the country.Prysmian, the…
President Donald Trump suspended new federal offshore wind leasing pending an environmental and economic review, saying wind mills are ugly, expensive and harm wildlife.'We're not going to do the wind thing. Big, ugly wind mills. They ruin your neighborhood…
U.S. President Donald Trump signed an executive order on Monday repealing former President Joe Biden's efforts to block oil drilling in the Arctic and along large areas off the U.S. coasts, according to the White House.Biden this month banned new offshore oil and gas development along most U…
President Donald Trump issued an order on Monday for the U.S. to resume processing export permit applications for new liquefied natural gas (LNG) projects, part of an effort to raise U.S. energy output and dismantle his predecessor's climate policies…
President Donald Trump once again withdrew the United States from the Paris climate deal on Monday, removing the world's biggest historic emitter from global efforts to fight climate change for the second time in a decade.The move places the United States alongside Iran…
Traders diverted at least six cargoes of liquefied natural gas that were on course for Asia to Europe earlier this month, drawn by higher European prices and amid weak Asian demand, according to analysts and shipping data.The diverted cargoes…
Ocean Thermal Energy Corporation (OTE Corp) has partnered with Johnson Controls to demonstrate the feasibility of deploying a 17.5 MW Ocean Thermal Energy Conversion (OTEC) system at the remote military base.The contract is part of Johnson Controls…
Chris Wright, President-elect Donald Trump's pick to head the U.S. Energy Department, will tell U.S. senators in his confirmation hearing on Wednesday his first priority is expanding domestic energy production including liquefied natural gas and nuclear power…
Oil and gas major Shell has started the production at its deepwater Whale floating production facility in the Gulf of Mexico.The Whale production facility is in the Alaminos Canyon Block 773 and is adjacent to the Shell-operated Silvertip field…
