A global shortfall in crude oil supply is set to deepen in the third quarter as the world's top exporter Saudi Arabia pledged extra output cuts from July in a move likely to push Brent towards $100 a barrel by the end of the year, analysts said…
Offshore services company DeepOcean has won a contract to provide post-lay trenching works on 30 kilometers of pipeline offshore Mexico. DeepOcean will execute the post-lay trenching works from the M/S Volantis subsea construction vessel, which is equipped DeepOcean’s high powered jet trencher UT-1…
Norwegian oil and gas company DNO said Monday that the wellhead platform production facilities had been removed from the Schooner field offshore UK, in what the company said was the last major offshore operation under DNO’s multi-year North Sea decommissioning program…
Saudi Arabia will make a deep cut to its output in July on top of a broader OPEC+ deal to limit supply into 2024 as the group seeks to boost flagging oil prices.Saudi's energy ministry said the country's output would drop to 9 million barrels per day (bpd) in July from around 10 million bpd in May…
A consortium comprising Mainstream Renewable Power, Reventus Power, AGL, and DIRECT Infrastructure has submitted a feasibility license application for a 2.5 GW offshore wind development off the coast of Victoria, Australia.The area in the Bass Strait off Gippsland…
Norway's Equinor said on Friday it aims to restart production at the Statfjord A oil and gas platform in the North Sea next week, after it was shut down on May 25 due to a hydrogen sulfide gas leak. 'Production is planned to start again next week…
Russian gas producer Gazprom said on Friday that it would turn off gas flows in the Turkstream pipeline from June 5-12 to carry out annual maintenance work.'The scheduled maintenance was agreed upon by all parties concerned in advance, Gazprom said…
Denmark's Orsted and Irish utility ESB on Thursday signed an agreement to jointly develop an Irish offshore wind portfolio, the Danish wind energy group said in a statement.Orsted will become a 50% partner in a series of offshore wind development projects off Ireland's coast…
An employee of one of Woodside’s contractor companies on the Woodside-operated offshore North Rankin Complex died in an incident that occurred at approximately 12.00pm AWST Friday.The incident occurred during work activity being carried out at the North Rankin Complex…
Spanish renewable energy company Iberdrola said this week it was making progress in the construction of Vineyard Wind I, the largest commercial-scale offshore wind farm in the United States, with the receipt of the first shipment of components…
Baron Oil's subsidiary SundaGas, which operates the Chuditch PSC, offshore Democratic Republic of Timor-Leste, has been granted a further six-month extension to Contract Year Two of the PSC by the relevant Timor-Leste national authority, Autoridade Nacional do Petróleo e Minerais ('ANPM')…
Canada's second-biggest oil producer Suncor Energy Inc will cut 1,500 jobs by the end of this year, aiming to reduce costs and improve its financial performance, the Globe and Mail reported on Thursday, citing details from the Canadian Press…
Trinidad and Tobago is requesting the U.S. government amend the terms of a license authorizing the joint development of a promising offshore gas field with Venezuela, the Caribbean nation's energy minister said on Thursday.The United States…
Norwegian offshore engineering and construction firm Aker Solutions and its compatriot oil and gas company Aker BP have agreed to extend a frame agreement for the provision of Subsea Production Systems until December 31, 2028. The original agreement…
Norway's Equinor plans to restart production at its Arctic liquefied natural gas (LNG) plant in Hammerfest on June 8 after it was shut down on May 31 due to a gas leak, the company said in a market message on Thursday. The facility will be unavailable until 2100 GMT on June 8…
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