Global oil major BP said the world must invest in the production of oil and gas to avoid sharp price spikes while accelerating the energy transition to combat greenhouse gas emissions.Global gas prices surged seven-fold last year as 3% of global…
The World Court on Thursday rejected a lawsuit by Nicaragua seeking to define and expand its deep sea economic rights beyond those previously established in a long-running maritime border dispute over a trio of Caribbean islands with Colombia…
Over 100 members of the U.S. Congress and European Parliament called on Tuesday for Sultan al-Jaber to be removed as the designated head of the upcoming COP28 climate talks, saying the oil exec's appointment threatened the integrity of negotiations…
A decision by Brazil's environmental regulator to block state-owned oil company Petrobras' Amazon oil project has exposed tensions in President Luiz Inacio Lula da Silva's coalition between green advocates and those prioritizing economic development…
ADNOC Drilling has won a five-year contract for the provision of Integrated Drilling Services (IDS) totaling $412 million from ADNOC Offshore starting in the second quarter of 2023.ADNOC Drilling will provide IDS for the development of the Upper Zakum field…
Semco Maritime said Wednesday it was, together with local companies, conducting maintenance works on the Noble Innovator jack-up rig in the Port of Aberdeen, prior to the rig's deployment back to the North Sea to undertake decommissioning activity for BP…
Technip Energies, leading a joint venture composed of Samsung Engineering and Tecnimont S.p.A. (TST JV), has secured a Pre-Construction Services Agreement (PCSA) related to the onshore facilities for the Hail and Ghasha gas development project in Abu Dhabi…
Atlantic Gulf & Pacific International Holdings (AG&P) have signed a charter agreement to use ADNOC L&S 's LNG Carrier Gasha, as a Floating Storage Unit (FSU).The LNG carrier will be used at AG&P's LNG import terminal in India, which will be commissioned in the second half of 2024…
Israeli and Lebanese leaders finalised a U.S-brokered maritime demarcation on Thursday, bringing a measure of accommodation between the enemy states as they eye offshore energy exploration.Leaders from Lebanon, Israel and the United States have…
U.S. energy envoy Amos Hochstein will be in Beirut next week carrying a copy of the maritime agreement with Israel for Lebanese officials to sign, Lebanese negotiator Elias Bou Saab told Reuters on Wednesday. The deal - hailed by all three…
The Lebanese army said on Sunday that Israeli gunboats violated Lebanese territorial waters several times on Saturday in an area opposite Ras Naqura near the border between the two countries, an accusation Israel denied.The statement said there…
Top Israeli ministers on Wednesday endorsed a U.S.-brokered deal to delineate a maritime border with Lebanon, paving the way for a potentially fractious two-week parliamentary review before it goes into force.Prime Minister Yair Lapid's security cabinet said the deal should be 'urgently' green-lit…
North Star’s new UK-built hybrid-powered daughter craft, specifically designed for the offshore wind market, has been launched at a naming ceremony held at the Royal Norfolk and Suffolk Yacht club in Lowestoft, adjacent to the firm’s regional operations hub…
The U.S. Senate climate bill’s fee on oil and gas industry methane emissions will cover less than half the sector’s releases of the powerful greenhouse gas, thanks to concessions made to win over party holdout Joe Manchin, according to a review…
Abu Dhabi National Oil Company (ADNOC) and its international partners have awarded two contracts totaling more than $3.4 billion (AED12.6 billion) to ADNOC Drilling to hire eight jack-up offshore rigs. 'The contracts, valued at $1.5 billion (AED 5…
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