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…
French oil major TotalEnergies has notified South Africa's petroleum regulator that it intends to withdraw from its 11B/12B offshore gas field but has yet to submit a formal request to do so, a source at Petroleum Agency SA said.TotalEnergies…
Weak refining margins and lower oil trading results will dent BP's second-quarter profit by up to $700 million, the company said on Tuesday, sending its shares down by over 3%.The warning, which led several analysts to lower their earnings estimates…
Offshore drilling firm Shelf Drilling has secured a contract extension from TotalEnergies EP Denmark for its Shelf Drilling Winner jack-up rig.The new contract is for 17 months, and will be in direct continuation of the rig’s current operations in Denmark…
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…
The European Commission has approved a $11.64 billion (€10.82 billion) French scheme to support the deployment of offshore wind energy, which will help foster the transition towards a net-zero economy.The state aid scheme will run for 20 years…
Brazilian oil and gas company Enauta has terminated the contract to acquire the floating production, storage, and offloading (FPSO) unit Cidade de Santos from MODEC, announced in relation with the acquisition of Uruguá and Tambaú fields from Petrobras…
Italian cable maker Prysmian has completed the acquisition of Encore Wire, strengthening its position in the growing North American market.Prysmian acquired all of the outstanding shares of Encore Wire’s common stock for $290.00 per share, in cash…
Scotland-based wells and subsurface specialist Elemental Energies has acquired Norway-based well management and consultancy company Well Expertise, forming one of the world's largest specialist wells, subsurface and project management companies…
Oil major TotalEnergies and utility EnBW won a 2.5 gigawatt (GW) German offshore wind site auction that fetched $3.2 billion, the country's energy regulator said on Friday, marking a plunge in price from last year.The auction of two plots in the North Sea…
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…
Over 12 oil companies, including Exxon, Shell and Brazil's national oil company, have expressed interest in buying a 40% stake in Galp Energia's major oil discovery offshore Namibia, sources close to the sale process said.Galp's Mopane discovery…
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…
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