Norwegian state-owned oil company Statoil expects to restore oil production at its Peregrino offshore field in Brazil to around 95,000 barrels per day in the coming months,
OAO Gazprom, the world's largest natural gas producer, is in talks with rivals to buy stakes in oil exploration areas in Brazil, a senior executive said on Tuesday.
Bureau Veritas announced today that it has acquired MatthewsDaniel Ltd, a global provider of loss adjusting and risk assessment services for the offshore industry.
Robert “Bob” “Sonny” Fogal, Jr., one of the icons in the offshore oil and gas industry, has decided to retire from front-line work as Zentech’s Director of Business Development.
British and Finnish scientists have found a way of generating renewable propane using a bacterium widely found in the human intestine and say the finding is a step
Damen Shiprepair Vlissingen, part of Damen Shiprepair & Conversion, has completed the upgrade of a Keppel Fels ‘N’ Class drilling rig, one of the largest in the North Sea,
Algeria is in talks to export crude oil to fellow OPEC member Venezuela, Algerian Energy Minister Youcef Yousfi said on Tuesday, confirming a Reuters report.
Colombia's Cabinet has authorized state-run oil company Ecotpetrol to sell its 1.1 trillion peso ($573 million) stake in energy generator Empresa Energia de Bogota (EEB),
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Ghana's delayed project to supply gas from its offshore Jubilee oil field will start production by the end of the year, President John Mahama told reporters on Tuesday during a visit to the site.
Statoil has entered into an agreement with DNV GL to establish an industrial cooperation to introduce an international industry standard for subsea process technology.
Dakota Plains Holdings Inc said on Tuesday it would build a third, 90,000-barrel storage tank for Bakken crude oil at its Pioneer Rail Terminal in North Dakota.
A consortium led by two Kenyan firms won a government tender to build a 1,000-MW, coal-fired power plant, company officials said on Tuesday, part of moves to satisfy
Halliburton Co said it reached a $1.1 billion settlement for a majority of claims against the company for its role in the BP oil spill in the Gulf of Mexico in 2010.
Forecasts for rising renewable generation sent Czech and Slovak spot power prices lower on Tuesday while Hungarian prices rose on an expected increase in consumption, traders said.
Slovak link could meet 20 pct of Ukraine's gas demand. Long-term EU-Ukraine flows could meet 50 pct of Ukraine's demand. Germany plays key role in supplying Ukraine.
High pressure front to boost sunshine, solar production. Demand flat; Curve trades sideways.
High solar power levels combined with good thermal and hydroelectric
Over time, the Canadian dollar might prove to be a winner from the conflict in Ukraine, which has highlighted the European Union's reliance on energy supplies from Russia.
A senior U.S. Congressman from Texas has come out in full support of the United States lifting the 40-year old ban on crude oil exports, putting him at odds with
Russian oil output rose 1 percent in August to 10.52 million barrels per day (bpd), supported by an increase in condensate production at Gazprom and projects with foreign companies,