Malaysia’s oilfield services player Sapura Energy said it has has clinched contracts worth a total of MYR 1 billion ($242 million) for several new oil patch deals and one – the company’s first – offshore wind contract.The 10 new contracts are…
Royal Dutch Shell and Exxon Mobil are looking to return to Somalia ahead of an oil block bid round later this year, the East African country's oil ministry said.Shell and Exxon Mobil had a joint venture on five offshore blocks in Somalia prior…
Talos Energy and its partners have increased the resource estimate of the Zama field in the offshore portion of Mexico's Sureste Basin, following evaluation of the data acquired from the Talos-operated Block 7 Zama appraisal campaign.'Based on the preliminary results of our appraisal program…
Swedish floating wind farm designer Hexicon said it is teaming up with energy giant Shell to develop, construct and operate a floating wind farm approximately 40 kilometers offshore Ulsan.The project will be carried out under a joint development agreement signed by Shell and CoensHexicon…
China National Offshore Oil Corporation, or CNOOC, has issued a tender inviting foreign firms to jointly explore and produce oil and gas in the South China Sea and the Bohai Bay area, according to a statement posted on the company's website on Wednesday…
British engineering and oilfield services provider Wood Plc said on Wednesday its operating profit for the first half would be 25% higher than last year, sending its shares up more than 7%.The company said its overall performance in the first half was better than a year earlier…
The brother of Senegal's President Macky Sall has resigned from his government post after allegations of fraud relating to natural gas contracts, he said on Monday.An investigation by the British Broadcasting Corporation (BBC) this month alleged…
The market for offshore wind in the United States is growing, and growing fast, led by a number of solicitations from states on the East Coast.Over the last 12 months, the size of the US market has doubled to surpass China and Taiwan as the world's third largest for offshore wind…
The withdrawal from Norway’s offshore sector of ExxonMobil appears to be underway, and the development to some looks like the start of a pullout of “international oil majors” from a sector dominated by stately player, Equinor.True, ExxonMobil’s departure is symbolic…
ExxonMobil is considering selling all of the stakes it holds in oil and gas fields off the Norwegian coast, a spokeswoman said.Two years ago the U.S. major – the world's largest oil company – sold its operated assets in the area. But it has retained stakes in more than 20 other fields…
American multinational energy corporation ConocoPhillips has rewarded services firm TechnipFMC with a Global Supplier Recognition Award.According to a press release from the UK-based oil and gas services provider, the international awards go…
Denmark’s Ørsted won New Jersey’s first offshore wind solicitation with a 1.1-gigawatt project Ocean Wind, the largest offshore wind project to secure a development deal with a U.S. state to date.The New Jersey Board of Public Utilities (NJBPU)…
New Jersey on Friday selected Denmark's Orsted A/S to develop a 1,100-megawatt wind project off the coast of Atlantic City, the largest ever offshore wind procurement by a U.S. state.Orsted's proposal received unanimous approval at a meeting…
Since the idea of floating liquefied natural gas (FLNG) was first mooted the landscape of the oil and gas sector has changed dramatically. When Shell finally pressed the go button for its Prelude FLNG project offshore Australia back in mid-2011…
Petroleos Mexicanos will focus on shallow water projects and onshore plays, and avoid investing in its deepwater riches for now, as the ailing Mexican state-run oil company seeks to turn around a 14-year slide in crude production, a top official said on Thursday…