Oil was on track to post its biggest weekly drop since August as Europe’s worsening Covid-19 crisis renewed the prospect of lockdowns just as key consuming nations look to add emergency supply to the market. The January futures contract in New York tumbled as…
Helix Energy Solutions is set to carry out well abandonment, recovery of subsea trees and wellhead severance and recovery at the Tui oil field offshore New Zealand as part of the contract recently secured with New Zealand’s Ministry of Business, Innovation & Employment (MBIE). The five-well…
Australia’s BHP Group and Woodside Petroleum have signed a binding share sale agreement (SSA) for the merger of BHP’s oil and gas portfolio with Woodside, under which Woodside will acquire the entire share capital of BHP Petroleum in exchange for new Woodside shares. The…
On the 19th November, the House of Representatives passed a roughly US$2 trillion bill incorporating the core of President Jo Biden’s economic agenda — ramping up funding for the social safety net and increasing taxes on corporations and the wealthy — sending it on to…
Shell has agreed to acquire a 51% interest in the Simply Blue Group Western Star venture. This was established to develop a floating wind farm off the Clare coast in Ireland. Western Star will be developed by Simply Blue Group personnel and Shell…
TotalEnergies has signed an agreement with the Government of Suriname to provide support for its national strategy to reduce greenhouse gas emissions by preserving forests in the country. This public-private partnership illustrates the alignment between the ambition of TotalEnergies and the Government of Suriname…
Insurers Cut Their Appetite for Cyber Cover as Ransomware Losses Mount Insurers have halved the amount of cyber cover they provide to customers after the pandemic and home-working drove a surge in ransomware attacks that left them smarting from hefty pay-outs. Faced with increased…
French energy major TotalEnergies is preparing to drill a wildcat well in waters offshore Namibia, using a Maersk Drilling-owned drillship. According to the latest AIS data, the Maersk Voyager drillship departed Luanda, Angola on 14 November and was expected to reach Walvis Bay in Namibia…
Brazilian state-owned oil company Petrobras has identified the presence of hydrocarbons in the Santos Basin pre-salt, in a pioneer well in the Aram block. The Curaçao well, otherwise designated as 1-BRSA-1381-SPS, is located 150 miles from the city of Santos, in the state of…
TechnipFMC has a memorandum of understanding with Orbital Marine Power to collaborate in tidal energy. The aim is to speed up commercialisation of Orbital’s technology and deliver the first commercial-scale floating tidal field. Orbital’s floating turbine, according to TechnipFMC, is the most powerful developed to…
