TotalEnergies could up to double its share buybacks this quarter, it said on Thursday, after soaring oil and gas prices as a result of Russia's invasion of Ukraine drove a sharp rise in quarterly earnings.The French oil and gas major, which is bolstering its renewables and electricity portfolios…
Brazilian oil and gas company Petrobras has signed production sharing contracts with its partners for the Atapu and Sépia oil fields, offshore Brazil.For Atapu, the PSCs were signed with Shell (25%) and Total Energies (22,5%). For Sépia, PSCs were signed with TotalEnergies (28%)…
Italian oilfield services giant Saipem has awarded GE Power Conversion a contract to develop the electrical module for Petrobras’ P-79 FPSO.In June 2021 Saipem, in a joint venture with South Korean shipbuilder Daewoo Shipbuilding & Marine Engineering Co…
Renewable energy company RWE has selected Port of Thorsminde from which to carry out the operation and maintenance of its Thor offshore wind farm. With a planned capacity of 1,000 megawatts (MW) Thor will be Denmark’s largest offshore wind farm to date…
Gall Thomson has launched an innovative new automatic actuation system, promising to minimize safety risks associated with the manual emergency release of mooring systems during FPSO tandem offloading ocean towage, heading control, positioning…
UK-based oil and gas company Hurricane Energy earned about $60.5 million from the sale of the latest cargo of oil produced from its Lancaster field offshore the UK.The company said this week that the 28th cargo of Lancaster oil, totaling approximately 524 Mbbls…
Those who are old enough (or young enough) to remember Justin Timberlake’s poignant lyrics, ‘What goes around, goes around, goes around, comes all the way back around’, will appreciate their significance and relatability to the offshore oil and gas market…
Offshore energy technology services company ION Geophysical Corporation on Wednesday secured temporary court approval to access a loan to fund operations during its bankruptcy. U.S. Bankruptcy Judge Marvin Isgur in Houston approved on an interim basis ION's request to tap a $2…
Offshore drilling firms Maersk Drilling and Noble Corporation, which are working to merge their businesses, might need to sell certain offshore rigs in the North Sea to obtain antitrust clearance from the UK Competition and Markets Authority…
German-based renewable energy company RWE, which in late 2021 via a lottery system won the rights to build Thor, Denmark's largest offshore wind farm, has now signed a contract with the Danish grid operator Energinet for the Thor wind farm.The agreement regulates the technical setup…
Privately-held Accuweather Inc forecasts 2022 will be the seventh straight above-average Atlantic hurricane season seeing the formation of between three and five major hurricanes with sustained winds of at least 111 miles per hour (178 kph)…
Shell Trinidad and Tobago announced that production has started on Block 22 and NCMA-4 in the North Coast Marine Area (NCMA) in Trinidad and Tobago.First gas at Colibri was reached on Wednesday, and the estimated production represents 100% total gross figures…
Norwegian offshore drilling company Odfjell Drilling has appointed Kjetil Gjersdal as its new CEO, following the company's split with its Odfjell Technology spin-off which started trading on the Oslo Stock Exchange on Tuesday.'With his 22 years’…
Russian oil company Lukoil has completed the acquisition of a 9.99% interest from Malaysia's Petronas in the Shah-Deniz gas field in Azerbaijan.The transaction value amounted to $1.45 billion, Lukoil said Friday.Following the completion of the deal…
Energy major Shell has filed its appeal against a Dutch court ruling that ordered the oil, gas and fuel producer to cut its emissions faster in a landmark win for activists turning to courts to force climate action.While Shell had set itself a target to reach net zero carbon neutrality by 2050…
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