Donald Trump's return to the White House will refocus the nation's energy policy onto maximizing oil and gas production and away from fighting climate change, but the Republican win in Tuesday's presidential elections is unlikely to dramatically slow the U…
Oil and gas producers began shutting in U.S. Gulf of Mexico output and pulling workers off platforms on Tuesday ahead of a late hurricane season storm threatening offshore fields.The U.S. National Hurricane Center warned of steady to rapid intensification over the next 24 to 36 hours…
Norwegian company Akastor has signed an agreement for the transfer of all of Mitsui’s interests in AKOFS Offshore, a provider of vessel-based subsea well construction and intervention services, for $22.5 million.The agreement is entered into…
Mammoet has completed the load-in of the last and heaviest of the Brent oil and gas field topsides, Brent Charlie, which has been skidded onto the quayside for decommissioning operation.The Brent field, one of the largest oil and gas fields in the North Sea…
Norclamp, the supplier of clamps for subsea pipeline integrity, has launched Infinity Clamp, a solution that addresses critical sealing issues for extended pipeline lengths.Said to be an industry first, the modular clamp offers unlimited extensions through an interlocking design…
The Canadian government released draft regulations on Monday that would cap emissions of greenhouse gases from the oil and gas sector at 35% below 2019 levels by 2030, drawing condemnation from the industry that said it will force a production cut…
Offshore seismic services specialist Shearwater Geoservices has secured a large 3D seismic survey from Petronas in Suriname.The project, covering 6,000 square kilometers, marks the continuation of Shearwater’s commitment to Petronas in this…
Black & Veatch and Baker Hughes have signed a collaboration agreement to combine their technologies into a mid-scale liquefied natural gas (LNG) solution offering that can be used in both onshore and offshore applications.The companies will…
Saudi oil giant Aramco on Tuesday reported a 15.4% drop in third-quarter profit due to lower crude prices and weaker refining margins, but maintained its generous dividend at $31.1 billion for the quarter.Aramco posted net income of $27.6 billion in the three months to Sept…
Canada-based oil and gas company Valeura Energy has completed the internal restructuring operation, transferring its working interests in the Nong Yao, Manora and Wassana fields to its wholly-owned Thailand subsidiary.Valeura's working interests in all its Thai III fiscal contracts…
Shell has paused some drilling operations in the Gulf of Mexico and moved non-essential personnel to shore amid weather disturbance which could become a hurricane.As a precautionary measure, Shell started moving non-essential personnel to shore from its Appomattox…
Enersol, a joint venture between ADNOC Drilling and Alpha Dhabi Holdings, has signed an agreement to acquire a U.S.-based oilfield services company Deep Well Services (DWS) for approximately $223 million, including performance-based payments…
TotalEnergies has signed a sales agreement with China’s Sinopec for the delivery of 2 million tonnes of liquefied natural gas (LNG) per year for 15 years, starting in 2028.With the major agreement with one of the leading LNG players in the country…
Canada will on Monday unveil the details of its long-awaited plan to cap emissions of greenhouse gases from the oil and gas sector, an idea that the energy industry and some provinces strongly oppose.A government announcement issued on Sunday said the draft plan would be released at 1 p…
U.S. oil producers Exxon Mobil and Chevron posted better-than-expected third-quarter profits on Friday, outperforming their European rivals, as record U.S. oil production cushioned the blow from a plunge in fuel margins.The two focused on expanding…
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