Petrobras has started the binding phase for the total transfer of its 25% minority interest in the exploration, development, and production of oil and natural gas in the Tartaruga Field, located in the shallow waters of the Sergipe‐Alagoas Basin in Brazil…
A World Bank arbitration tribunal has dismissed a request by Venezuela to annul a $8.37 billion arbitration award to ConocoPhillips, clearing the way for the U.S. producer to reclaim compensation for the expropriation of its oil assets in the South American country…
Chinese state oil and gas company CNOOC has set its 2025 production target at a record high, between 5.6% and 8.3% above 2024's output.The offshore oil and gas specialist pumped about 720 million barrels of oil equivalent (boe) in 2024, meeting the high end of its target…
Equinor has awarded pre-FEED study contracts to BW Offshore and Altera Infrastructure for the Bay du Nord floating production storage and offloading (FPSO) vessel, planned for deployment offshore Canada.The Bay du Nord project consists of several oil discoveries in the Flemish Pass basin…
RWE has started progressed work on a new office in Jemgum, in Germany’s East Friesland region, which will serve as a base for round-the-clock monitoring and control of its existing and future wind farms in both Germany and continental Europe…
Huisman has signed a contract with Zhenjiang Jiangsu Shipyard for the delivery of a 100 mt Pedestal Mounted Crane to Eastern Navigation, a provider of maritime support fleets in the Asian-Pacific offshore energy industry.This marks the fifth…
Britain's Harbour Energy on Thursday said it expects higher production in 2025 compared with last year, driven by the full-year's contribution from its purchase of oil and gas firm Wintershall Dea's assets.Harbour acquired the non-Russian oil and gas assets of the German company last year in an $11…
TotalEnergies' $20 billion Mozambique LNG project will not be operational by 2029 as hoped, the French oil major said on Wednesday, citing the need to end force majeure and ensure security at the project site.TotalEnergies had previously said…
British energy group EnQuest is to acquire Harbour Energy's business in Vietnam, it said on Wednesday, as the North Sea-focused company moves to expand further outside its home market in response to higher UK taxes.The deal is valued at $84 million including debt…
Petrobras, on behalf of the Tupi field consortium, has extended charter and service agreements for the floating production storage and offloading (FPSO) unit Cidade de Angra dos Reis, announcing also the upgrades to the vessel.The amendments…
Sumitomo Electric Industries, together with consortium partner Van Oord, has signed Capacity Reservation Agreement (CRA) with SSEN Transmission, encompassing the supply and installation of a second 525kV HVDC cable link between Shetland and the Scottish mainland…
The Offshore Wind Growth Partnership (OWGP) has launched a new $2.45 million Development Grant competition and announced a combined $3.7 million in funding awarded to 12 companies from their 2024 funding calls.OWGP’s Development Grant program aims to support UK supply chain companies to scale up…
Norwegian vessel owner and services provider Solstad Maritime Holding has outlined plans to apply for a listing of its shares on Euronext Oslo Børs during the second quarter of 2025.The listing is in line with the company’s previously expressed…
Orlen Upstream Norway has drilled a dry well as part of exploration campaign in the southern part of the Norwegian Sea.The wildcat well 6305/10-1 was the first exploration well in production license 1055, which was awarded in 2020 (Awards in predefined areas (APA) 2019)…
Aker Solutions has signed a strategic partnership agreement with Vår Energi to deliver maintenance and modification services for its operated assets and projects offshore Norway.The partnership also includes Honeywell and StS-ISONOR and builds…
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