Shell's head of liquefied natural gas (LNG), natural gas and power trading Steve Hill is leaving the company, Shell said on Monday.Hill chose to leave, Shell said, adding he would hand over his responsibilities and his successor would be announced in the coming weeks…
The price to rent an offshore rig hit a nine-year high last year with jackups, semisubmersibles and drillships costing on average $118,000, $368,000 and $419,000, respectively (as of 31 December 2023). These figures represent an overall 54% increase in dayrates when compared with 2021…
Esgian reports on the many rig movements that occurred last week in its Week 16 Rig Analytics Market Roundup.Report SummaryContractsADES Holding Company has received a letter of award from an international oil company for a one-year firm drilling contract for a jackup offshore Qatar…
As the U.S. offshore wind industry endures a predictable number of stops and starts during its adolescence, common mantras are ‘learn from the established European model’ and ‘embrace technology transfer from the offshore oil and gas sector…
Ocean Infinity signed a global framework agreement (GFA) with Shell to provide its robotic fleet for servicing the offshore energy sector.The GFA marks a significant milestone in the provision of lean-crewed and robotic seabed geomatics, spanning geophysical and geotechnical services…
Britain's EnQuest is looking to sell its 27% stake in the Golden Eagle oilfield in the British North Sea as it seeks to reduce debt levels, two sources told Reuters on Tuesday.It was unclear how much the sale of the non-operated stake would raise…
The United Arab Emirates' state-owned oil company recently considered buying Britain's BP but the deliberations did not progress beyond preliminary discussions, people familiar with the matter told Reuters.Abu Dhabi National Oil Company (ADNOC)…
Esgian reports on new contracts for Borr Drilling and Shelf Drilling (North Sea) jackups in its Week 15 Rig Analytics Market Roundup. Additionally, Energean has selected a drillship for its upcoming drilling campaign offshore Morocco. South America remains vital to the floating rig market…
Norwegian offshore vessel operator DOF Group has been awarded a contract for a construction transport and installation project in West Africa.The project includes installation of flexible product and various subsea structures.Preparations for the project have already started…
ExxonMobil Chief Executive Darren Woods received $36.9 million in total compensation for 2023, up nearly 3% from a year earlier, the oil major said in a regulatory filing on Thursday.And in proxy filing ahead of its May 29 annual meeting of shareholders…
The operator of Kazakhstan's giant offshore Kashagan oilfield denied reports of an oil spill near the field and said on Tuesday its facilities were working normally.Globus, an ecological organization in the Central Asian nation, said earlier…
An ecological organization in Kazakhstan said on Tuesday that a large oil spill had been captured by satellite imagery in the northern Caspian Sea near Kazakhstan's giant Kashagan oil field.Galina Chernova of the Globus environmental organization posted on Facebook that a slick of around 7 sq km (2…
Shell weakened its 2030 carbon reduction target and scrapped a 2035 objective, citing expectations for lower power sales and strong demand for gas in the energy transition even as it affirmed a plan to cut emissions to net zero by 2050.The changes…
Nearly a third of Shell's profit in the fourth quarter of 2023 came from the $2.4 billion it made in trading liquefied natural gas (LNG) as it captured strong demand ahead of winter, three sources close to the company told Reuters.Shell did…
Oilfield services firm Petrofac has secured a contract extension with ONEgas West, a joint venture operated by Shell and Nederlandse Aardolie Maatschappij (NAM).The two-year brownfield Engineering, Procurement and Construction (EPC) contract award extends the previous three-year contract…
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