Shell's head of renewable generation Thomas Brostrom is leaving the company, a spokesperson said on Friday, weeks after CEO Wael Sawan scaled back its energy transition plans. Brostrom joined Shell from offshore wind giant Orsted in August 2021to…
Azerbaijan's oil output was at 15.2 million metric tons between January and June, country's, energy minister Parviz Shahbazov said on Wednesday on Twitter, a decline of 8% from the year-earlier period.Production of oil in Azerbaijan has been…
The Big three oilfield services (OFS) companies will likely report higher profits for the second quarter as resurgent demand in international markets and strong offshore drilling helped counter tepid activity in North America.Baker Hughes, Halliburton…
Oil benchmark Brent fell on Wednesday, reversing some of the gains made after Saudi Arabia and Russia announced they would extend and deepen output cuts into August, as concerns over a global economic slowdown weighed on market sentiment. Brent was down 46 cents…
Houston-based Third Coast Super Holdings has acquired an indirect 26.5% non-operated interest in the Perdido offshore platform in the U.S. Gulf of Mexico from ArcLight Energy Partners Fund VI, L.P., a private equity fund managed by ArcLight Capital Partners…
Oil and gas companies are set to spend $58 billion on well intervention – a way to extract additional resources from an existing well instead of drilling a new one – in 2023, the Norwegian energy intelligence group Rystad Energy said.Rystad…
A French court on Thursday declined to consider a case brought by a coalition of environmental groups and local authorities which was seeking an immediate halt to new oil and gas projects by TotalEnergies.The coalition launched legal action…
Africa Oil Corp. has entered an agreement to increase its operated working interest (“WI”) in Block 3B/4B, located in the Orange Basin offshore South Africa and, the company says, on trend with the Venus, Graff, La Rona and Jonker oil discoveries in the nearby Namibia…
Dutch offshore wind farm developer CrossWind has awarded Italy-based Rosetti Marino a new engineering, procurement, construction, installation and commissioning (EPCIC) contract for an offshore green hydrogen production and storage pilot plant - called the 'Baseload Power Hub…
John Wood Group (Wood) has won a contract extension worth approximately $250 million with Brunei Shell Petroleum ('BSP'), Brunei's largest energy producer. The two-year extension will focus on the continued rejuvenation of BSP's offshore energy…
In a first, Brazilian oil company Petrobras last week reportedly sold the P-32 FPSO for sustainable recycling in Brazil, paving the way for the development of the local ship recycling industry.The sale of the floating unit P-32 reportedly took place on July 7…
According to a new S&P Global Commodity Insights report, more than three-fourths of all oil and gas production in the United States Gulf of Mexico has a lower greenhouse gas (GHG) intensity than the basin-wide average. GHG intensity from shallow…
The bosses of global energy companies this week urged governments to shift the focus to limiting oil demand to reduce emissions, rather than pressuring producers to curb supply, which they say serves only to increase prices.Some western governments…
- Suriname said on Thursday it signed a memorandum of understanding with Trinidad and Tobago that aims to increase energy cooperation, and people familiar with the matter said it could lead to natural gas from Suriname being piped to Trinidad and Tobago…
Thailand's largest energy company, state-controlled PTT, is in advanced talks with Qatar for a 15-year liquefied natural gas (LNG) supply deal, four trading sources told Reuters.The oil and gas conglomerate is negotiating a supply of 1 or 2 million tonnes per annum (mtpa)…
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