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Valeura Boosts Production at Jasmine Field with Five New Wells Now Onstream

Nov 27, 2024

Canada-based oil and gas company Valeura Energy has completed an infill drilling campaign at the Jasmine field in the Gulf of Thailand, increasing the production at the field for 26% with five new wells coming onstream.Valeura drilled a five well program…

Poland to Open New Areas for Offshore Wind Development in Baltic Sea

Nov 22, 2024

Poland is planning to assign new areas for offshore wind farms in the Baltic Sea and is drafting additional measures to boost the security of its critical energy infrastructure, government officials said on Wednesday.'Maritime offices will submit analyses any moment…

Woodside: LNG Market to Grow by 50% in Next Decade

Nov 26, 2024

Australia's Woodside Energy WDS.AX expects the global market for liquefied natural gas (LNG) to grow by 50% in the coming decade, its CEO said on Tuesday.'Over the last decade the LNG market grew by 50%. We anticipate it will grow by another 50% in the coming decade…

India Defends Propping Up Russian Oil - Prices "would have hit the roof"

Nov 09, 2024

Global oil prices 'would have hit the roof' if big importer India had not bought oil from Russia following the Ukraine war, India's oil minister said, adding that prices would determine where the country buys oil from.India, the world's third largest oil importer and consumer…

BP's Whiting IA Refinery Restart Delayed

Nov 19, 2024

The return to service of BP's BP.L Whiting, Indiana refinery has been delayed, industry sources said.BP started the planned turnaround work at its 435,000 barrel-per-day refinery in late September. The refinery began restarting units involved in the turnaround in early November…

Viaro CEO Facing Charges for Forging Documents to Steal Millions

Nov 19, 2024

The CEO of an independent British oil producer which is buying North Sea assets owned by Shell and Exxon Mobil is being sued by his former employer for allegedly forging documents to steal substantial sums.Viaro Energy CEO Francesco Mazzagatti…

Euro Oil Giants Rethink Renewable Balance

Nov 18, 2024

Almost five years ago, BP embarked on an ambitious attempt to transform itself from an oil company into a business focused on low-carbon power. The British company is now trying to return to its roots as a big oil and gas player with a growth story to match rivals…

Final Turbine Stands Tall at Moray West Offshore Wind Farm

Nov 18, 2024

Ocean Winds, a joint venture between Engie and EDP Renewables, has installed the 60th and final offshore wind turbine at its Moray West offshore wind project in northern Scotland.The turbines are Siemens Gamesa SG 14-222 DD type, each capable of generating 14…

Oil Dips 2% as Hurricane Fears Ease

Nov 08, 2024

Oil prices fell more than 2% on Friday as traders grew less fearful of prolonged supply disruptions from a hurricane in the U.S. Gulf of Mexico, while China's latest economic-stimulus packages failed to impress some oil traders.U.S. West Texas Intermediate futures CLc1 led the decline…

Trident Energy Brings Ceiba Field’s Infill Well Onstream in Equatorial Guinea

Oct 31, 2024

Trident Energy has brought online the C-45 infill well at Ceiba field, part of Block G offshore Equatorial Guinea, which is already producing over 5,000 barrels of oil per day.The well first came Online on October 15, and according to Trident Energy…

Second Oil Train for Energean Power FPSO Completes Lift-Off (Video)

Oct 29, 2024

Oil and gas company Energean has lifted the second oil train for its floating production, storage, and offloading (FPSO) unit operating in the Mediterranean Sea, offshore Israel.The post-lift, installation and commissioning activities are expected to take up to six months to complete…

Shell’s $6B Quarterly Profit Exceeds Forecasts

Nov 01, 2024

Shell reported on Thursday third-quarter profits of $6 billion that exceeded forecasts by 12% as higher liquefied natural gas (LNG) sales offset a sharp drop in oil refining and trading results.The results, together with a drop in debt and strong cash flow…

OSV 2Q Recap: Entering the Capital Distribution Phase

Oct 24, 2024

The OSV sector has concluded its second quarter earnings season, marking another quarter with strong profitability and favorable market conditions. However, negative oil market sentiment, with the Brent price down by 19% since the start of July…

Vantage Drilling Starts Trading on Oslo Stock Exchange

Oct 28, 2024

Offshore drilling contractor Vantage Drilling has listed its shares on Euronext Growth Oslo, a multilateral trading facility operated by Euronext.The company’s shares on Euronext Growth Oslo have been listed since October 28, 2024, under the ticker code VDI…

RWE to Employ Innovative Ecosystem Monitoring Tech at Kaskasi Offshore Wind Farm

Oct 29, 2024

RWE has launched the SeaMe project in partnership with leading scientists to gain better understanding of the interactions between offshore wind farms and the ecosystem through the use of scientific approach combined with new AI-based and CO2 minimizing monitoring technologies…

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