(Bloomberg) – Norway awarded 62 licenses for exploration acreage in the seas off its coast as Europe’s biggest supplier of natural gas strives to maintain production. Licenses were offered to 24 different companies, with 16 […]
(Bloomberg) – Norwegian oil and gas companies will drill more exploration wells this year as the country seeks to maintain its position as a key oil and gas supplier to Europe. Between 40 and 50 […]
Offshore staff PENRYN, UK — HydroWing has opened a new office at the M-SParc science park on the island of Anglesey in North Wales to support development of its Morlais tidal stream energy project. Under the […]
As tensions with Venezuela continue to simmer over President Nicolas Maduro’s attempt to annex oil-rich Essequibo from Guyana, the U.S. is sending a top defense official to Guyana to discuss the situation. U.S. Deputy Assistant […]
ROME — The balance between offense and defense in war swings back-and-forth, often depending on who has the best kit. But on the seabed’s battlefield, the aggressors are currently very much in charge. In October, all […]
Exxon estimated taking a $2.4 billion to $2.6 billion impairment to oil and gas properties along the Southern California coast. Sable Offshore, a company created in 2020, agreed more than a year ago to pay […]
The Lime Rock and Venice wells were brought safely online in late December 2023 and have achieved an initial combined gross production rate of over 18,500 boed, averaging about 45% oil and 55% liquids. The […]
(Bloomberg) – Chevron Corp. will book fourth-quarter charges of $3.5 billion to $4 billion, citing assets it sold in the Gulf of Mexico and policies in California prompting the company to slash investments in the […]
South Korean shipbuilding giant Samsung Heavy Industries has secured an order for one floating liquefied natural gas (FLNG) unit. SHI said on Tuesday the order won from an owner in North America is worth 2.01 […]
India’s Petronet LNG is moving forward with its plans to install a floating storage and regasification unit (FSRU) in Gopalpur, Odisha. The LNG importer said in a statement on Wednesday it has executed binding deals […]
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