Subsea 7 today announced that it has entered into an agreement to acquire a majority interest in the equity of Nautilus Floating Solutions S.L. a developer of technology for the floating wind market based in […]
Companies with histories of environmental abuses and alleged labor violations, backed by private equity and with ties to foreign governments, stand to profit from North Sea oil and gas, new data shows. Campaigners say the […]
ExxonMobil and its partner Hess Corporation have made another significant crude oil discovery offshore Guyana, the U.S. supermajor said on Wednesday. The Whiptail discovery in the Stabroek Block adds to more than a dozen discoveries on the […]
Germany will not install a single offshore wind turbine in 2021, marking no expansion in offshore wind capacity in a calendar year for the first time in more than ten years, the country’s wind organizations […]
The global shipping industry needs to work more closely with the governance framework of affected countries and ensure greater transparency and accountability for cargo movements, especially in light of recent high-profile accidents involving defective or […]
Oil may surge to $100 a barrel next year as travel demand rebounds, Bank of America Corp. said, the strongest call yet among major forecasters for a return to triple digits. Global oil consumption will continue to […]
Offshore E&P player Talos Energy Inc. has teamed up with U.K.-based Storegga Geotechnologies Ltd. in search of carbon capture and storage project (CCS) opportunities along the U.S. Gulf Coast and in the Gulf of Mexico. […]
WASHINGTON — Secretary of the Interior Deb Haaland, National Climate Advisor Gina McCarthy, Under Secretary of Defense for Policy Dr. Colin Kahl, and California Governor Gavin Newsom today announced an agreement to advance areas for offshore […]
India on Monday lost the ONGC Videsh Ltd-discovered Farzad-B gas field in the Persian Gulf after Iran awarded a contract for developing the giant gas field to a local company. “The National Iranian Oil Company (NIOC) has signed a contract worth USD 1.78 billion with Petropars […]
Shell Offshore Inc. (“Shell”), a subsidiary of Royal Dutch Shell plc, today announced a significant discovery at the Leopard prospect in the deep-water U.S. Gulf of Mexico (GoM). The Leopard well encountered more than 600 feet (183 meters) net oil pay […]
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