The oil giant has held preliminary talks with Pioneer Natural Resources Co. PXD 5.79% , a Texas fracker with a roughly $52 billion market capitalization, about a potential acquisition, The Wall Street Journal reported last week. Exxon, which has been […]
Home Fossil Energy U.S. urged to fix ‘broken’ permitting process to bolster American energy development As the global energy crisis demonstrated last year that the energy security of certain countries hangs by a thread, the […]
As demand increases, and companies rethink how fast they might want to transition beyond oil and gas, the offshore is having a moment. Driving the move is the age-old question of access to resources. The […]
BW Energy said Monday it had fulfilled the first oil delivery from the Hibiscus/Ruche field, in the first phase of the project offshore Gabon. “Production performance from the first well has been in line with […]
Home Fossil Energy U.S. urged to fix ‘broken’ permitting process to bolster American energy development As the global energy crisis demonstrated last year that the energy security of certain countries hangs by a thread, the […]
Japanese shipowner Kumiai Senpaku has inked a construction deal with China’s CSSC Chengxi Shipbuilding and CITIC Financial Leasing involving a total of eleven ships. Image credit: CSSC The deal comprises ten 84.500 dwt multiprupose cargo ships and […]
Offshore drilling contractor Valaris is preparing to start its contract with Brunei Shell Petroleum, a subsidiary of the UK-headquartered oil major Shell, as a jack-up rig, which was hired for this assignment, has embarked on […]
Home Marine Energy Ocean Harvesting targets €400K to optimize wave energy device Swedish company Ocean Harvesting Technologies has embarked on a funding raise, targeting €400,000 to further optimize its InfinityWEC wave energy device ahead of […]
Home Clean fuel BW’s FSRU gearing up to serve First Gen’s Batangas LNG terminal BW Batangas, a floating storage and regasification unit (FSRU) owned by BW LNG, is getting ready to start its deployment with […]
InterMoor, part of Acteon’s engineering, moorings and foundations division, has secured a contract extension with Chevron for a decommissioning scope in Thailand. Source: Acteon Following the completion of Phase 1 decommissioning work in 2021 in the Gulf […]
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