Genesis Energy will increase its footprint in the deepwater Gulf of Mexico with expansion of an existing pipeline system and construction of a new line, it said in its first-quarter earnings report on Wednesday.Genesis will spend about $500…
Guyana has started discussions with Exxon Mobil Corp to build a more than 120-mile (190-km) natural gas offshore pipeline, Natural Resources Minister Vickram Bharrat said on Tuesday at the Offshore Technology Conference in Houston.Guyana, a tiny South American country…
Offshore installation services firm Subsea 7 said Friday it had won a substantial contract in West Africa.Subsea 7 defines a substantial contract as being between $150 to $300 million.In a brief statement in which it didn't reveal much, Subsea 7 said the contract was for the engineering…
Shell Midstream Partners LP said on Thursday that volumes on its Mars oil pipeline system rose during the first quarter, as repairs completed in the wake of Hurricane Ida allowed it to run at normal operating levels.The Mars pipeline system…
Austrian oil and gas group OMV reported better-than-expected first-quarter results on Friday as higher market prices and gains across all units more than offset a hit from impairments related to the discontinued Nord Stream 2 project.OMV said its adjusted operating income grew to 2…
Work on the Baltic Pipe project in the North Sea has been completed, and the pipeline is ready to ship Norwegian gas to Denmark, info on the project's website shows.Baltic Pipe is a strategic EU infrastructure project led by Danish and Polish…
German climate activists turned off crude oil pipelines at five locations on Wednesday, demanding the country look for other ways to reduce its dependence on Russian gas than starting new fossil fuel-based infrastructure projects such as deep-sea drilling…
Oilfield services firm TechnipFMC has said it has won a significant integrated Engineering, Procurement, Construction, and Installation (iEPCI) contract with Wintershall Dea Norge AS for its Maria revitalization project, offshore Norway. For TechnipFMC…
For illustration - Gazprom Neft's Prirazlomnaya platform -Credit:Wp.klecha/Wikimedia CommonsMajor global trading houses are planning to reduce crude and fuel purchases from Russia's state-controlled oil companies as early as May 15, sources said…
Offshore marine services provider POSH, with its consortium partner Seamec, has started work on a subsea installation and construction project off India’s west coast, after securing a contract of over $100 million.The two companies are providing…
Germany would face a sharp recession if gas supplies from Russia are suddenly cut off, the country's leading economic institutes said on Wednesday, and the government said the war in Ukraine poses 'substantial risks' for Europe's largest economy…
Italian oil and gas company Eni has signed an agreement with the Algerian Sonatrach to allow Eni to increase the quantities of gas imported to Italy through the TransMed / Enrico Mattei pipeline.The deal to increase the gas flows, under the…
German chemicals group reported preliminary first-quarter net income significantly below last year's level and analyst expectations on Monday, citing impairment charges for the abandoned Nord Stream 2 project.BASF said its quarterly net income slumped to 1…
Austrian energy group OMV said on Friday it would take a 2-billion-euro ($2.17 billion) hit in the first quarter of this year from its business in Russia as it seeks to distance itself from the country after the invasion of Ukraine.Last month…
Europe needs to swiftly find alternative sources of energy following Russia's invasion of Ukraine but a proposed pipeline taking east Mediterranean gas to the continent via Israel, Cyprus, and Greece is not viable, a senior U.S. diplomat said…
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