The oil and gas demand will peak in 2023 and 2034, respectively, according to DNV GL’s 2018 Energy Transition Outlook, an independent forecast of the world energy mix in the lead-up to 2050
Russia's energy major Rosneft and US ExxonMobil plan to build a liquefied natural gas (LNG) plant in a consortium with Indian and Japanese partners, spreading the estimated $15 billion cost.
BP has started production at its deepwater Thunder Horse Northwest Expansion project in the U.S. Gulf of Mexico (GoM), marking the fourth major project startup for the British major this year.
Global natural gas markets are being reshaped by the development of major emerging LNG buyers led by China, and the rising production and exports form the U.S.
Tidewater and GulfMark Offshore have announced the filing of a joint definitive proxy statement and prospectus with the US Securities and Exchange Commission regarding their pending merger.
Shell, through its affiliate Shell Overseas Holdings Limited, has reached an agreement with publicly listed Norwegian Energy Company ASA, to sell its shares in Shell Olie-og Gasudvinding Danmark B.V. for a consideration amount of $1.9 billion.
Firmer oil prices and improving sentiment have been catalysts for several key strategic moves in recent days, as offshore contractors align themselves to make the most of the imminent upturn.
