Danish company Resen Waves has raised more than £1m to step up commercial development of its technology for offshore oil & gas and docking systems for underwater drones.
Equinor has confirmed a new play and doubled the remaining oil reserves to be produced at the Norne Field with Cape Vulture, one of the operator’s latest discoveries on the Norwegian Continental Shelf.
Exxon Mobil Corp is considering a multi-billion dollar investment at its Singapore refinery, the company's largest, ahead of new global shipping fuel regulations starting in 2020, a senior executive said on Wednesday.
The future of the Campos Basin, growing importance of natural gas in the energy transition and concerns about Brazil’s upcoming presidential elections were hot topics during the Rio Oil & Gas 2018 conference.
More private equity-back companies are joining the majors in regions such as the Gulf of Mexico and activity levels offshore are picking up globally, according to analysts.
Nexen Petroleum, a unit of China’s CNOOC Ltd., plans to divest its stake in the Gulf of Mexico as trade tensions between the US and China mount, according to a Reuters report.
Yamal LNG announced that the 68th cargo offloaded from the Yamal LNG project onto the Arc7 ice-class tanker 'Christophe de Margerie', exceeding 5 million tons of LNG produced since the start of the first LNG train in December 2017.
The jackup Maersk Intrepid has completed three appraisal wells for Aker BP on the Hanz oilfield in the central Norwegian North Sea, and a wildcat well to the southeast.
