The National Audubon Society has released a report that shares clear strategies and policy recommendations for balancing clean energy demand with conservation in order to combat climate change while protecting birds and their habitats.The report…
Global energy technology company SLB has secured a series of major drilling contracts by Shell to support capital-efficient energy development across its deep and ultra-deepwater assets in the U.K. North Sea, Trinidad and Tobago, Gulf of Mexico and others…
Exxon Mobil signaled on Tuesday that sharply lower oil refining profits and weakness across all its businesses would reduce its fourth-quarter earnings by about $1.75 billion from the prior quarter.The oil major also said in an SEC filing that…
Canadian oil and gas company Suncor said on Monday it saw higher upstream production and throughput at its refineries in the fourth quarter.The Calgary, Alberta-based company's upstream quarterly production rose to 874,000 barrels per day (bpd) from 808…
Tubular systems developer Global Gravity has appointed Tom Rasmussen, an industry expert with over 25 years of experience in offshore and oil and gas operations, as its chief executive officer (CEO).Tom Rasmussen took over the CEO role at Global Gravity on January 1…
U.S. oil and gas company Talos Energy has informed that Joseph Mills has resigned as Interim President and Chief Executive Officer (CEO) and a member of the board, as the appointment of permanent CEO reaches final stage.Joseph Mills will leave the company to pursue other opportunities…
Equinor’s Empire Wind 1 project in the United States has now secured a project financing package of over $3 billion, reaching a financial close at the end of December 2024.The expected total capital investments, including fees for the use of the South Brooklyn Marine Terminal (SBMT)…
Offshore drilling contractor Vantage Drilling and French energy major TotalEnergies have created a joint venture (JV) entity TEVA Ship Charter, which will acquire Vantage’s drillship Tungsten Explorer.Subsequent to the completion of the current Tungsten Explorer contract in Congo…
Offshore drilling contractor Vantage Drilling has appointed William Thomson to the role of Chief Operating Officer (COO).Thomson will assume the additional role of COO with effect January 1, 2025, reported Ihab Toma, Chief Executive Officer…
Offshore drilling contractor Seadrill has completed the sale of the jack-up rig West Prospero for $45 million.The West Prospero is an independent leg cantilever jack-up with operational history in Northeast Africa and Southeast Asia.Built in 2007…
Major European energy companies doubled down on oil and gas in 2024 to focus on near-term profits, slowing down - and at times reversing - climate commitments in a shift that they are likely to stick with in 2025.The retrenchment by oil majors…
Seatrium has signed a contract with BP to perform engineering, procurement, construction and onshore commissioning (EPC) work for the Kaskida Floating Production Unit (FPU) in the U.S. Gulf of Mexico.The Kaskida project is a greenfield development…
The United States issued fresh sanctions on Wednesday on several Russia-based entities over their involvement in the Nord Stream 2 gas pipeline, the State Department said, including new measures against the operator of the project.The U.S. State…
U.S. pipeline operator Energy Transfer said on Thursday its unit has entered a 20-year LNG sale and purchase agreement with oil and gas major Chevron.Under the agreement, the unit, Energy Transfer LNG, will supply 2.0 million tonnes per annum…
Houston-based subsea equipment and services specialist Koil Energy has secured a contract to supply electrical and hydraulic distribution manifolds for a project in West Africa with an undisclosed oil and gas company.The manifolds will play…
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