Texas-based exploration and production company Beacon Offshore Energy has achieved first oil production at the Winterfell development in the Green Canyon area of the U.S. Gulf of Mexico.Winterfell is a phased development with the initial two…
China’s state-run China National Offshore Oil Corporation (CNOOC) has brought onstream the first oil field in China that features low-carbon design and receives power from the shore for its operations in South China Sea.Located in Beibu Gulf of the South China Sea…
Japanese Industry Minister Ken Saito will visit Akita in northern Japan on Saturday to discuss the development of offshore wind power with industry and government officials, the ministry said on Tuesday.The move aligns with Japan's increased efforts to boost the deployment of renewable energy…
Oil major Chevron and Equatorial Guinea’s state-owned oil company GEPetrol have signed two production sharing contracts (PSCs), for offshore blocks EG-06 and EG-11 in Equatorial Guinea, representing a $2 billion investment.Situated in close…
Africa Oil has agreed to buy out BTG Pactual Oil & Gas's 50% holding in their Prime Oil & Gas joint venture in a deal that will see it take on BTG as a major shareholder, it said on Monday.Prime has offshore producing assets in Nigeria and accounts for 100% of Africa Oil's reserves and production…
UK oil and gas company Perenco has brought online the Tchendo 2 mobile offshore production unit (MOPU), bringing energy independence to Likouala, Emeraude and PNGF fields offshore Congo.Tchendo 2 is a former drilling rig successfully converted into a MOPU by Dixstone…
Norway's sovereign wealth fund has bought a 37.5% stake in the 573 megawatts operational wind farm Race Bank offshore Britain for 330 million pounds ($418 million), it said on Monday.The Norwegian fund would also become responsible for a debt facility of 644 million pounds…
Brazilian oil and gas company Enauta has decided to stop production from the Petrojarl I floating production storage and offloading (FPSO) to perform modifications related to selected equipment maintenance after inspections at the process plant at the Atlanta field…
Extreme temperatures across Asia are driving up liquefied natural gas (LNG) demand in the region as importers seek cargoes ahead of summer, with imports in South Asia hitting records.This could tighten available supply and further lift Asian spot prices that have already gained a third since April…
Egypt plans to issue a buy tender seeking 15-20 cargoes of liquefied natural gas (LNG) to cover heavy summer demand that had led to a wave of rolling blackouts and forced temporary shutdowns of chemical and fertilizers plants, four industry sources told Reuters…
ConocoPhillips is in advanced talks to buy Marathon Oil in an all-stock deal that could value the Houston-based company at a little over its $15 billion market value, the Financial Times reported on Wednesday citing people briefed on the matter…
Norwegian energy firm Equinor has made an oil discovery while drilling the well at the Svalin field in the North Sea, using Odfjell Drilling’s Deepsea Aberdeen rig.The oil discovery was made in well 25/11-H-1 H in production license 169. Equinor is the operator of the license…
Maryland Governor Wes Moore signed a bill aimed at reevaluating and potentially revising existing offshore wind project plans, setting the stage for the state's goal of achieving 8,500 megawatts of offshore wind energy capacity by 2031.The bill…
Italian energy group Eni could spin off stakes in high-potential oil and gas projects, including in Indonesia and Ivory Coast, to help finance their development while focusing more capital on low-carbon activities, company sources said.Such…
Colombia's majority state-owned energy company Ecopetrol has held talks with big players ahead of a potential bid in an offshore wind auction organized by the country's government, Chief Executive Ricardo Roa said on Wednesday.Roa was speaking…
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