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News
Ian Tyler Is BP Chair for Good
1+ week, 3+ day ago (717+ words) Ian Tyler will continue as BP PLC chair on a permanent appointment, having been serving in that role since May on an interim basis, the company said Wednesday. Concurrently BP announced senior independent director Amanda Blanc will not seek reelection…...
Equinor Bags Contract to Supply Gas to Germany for 15 Years
2+ week, 6+ day ago (419+ words) Equinor ASA has signed a 15-year agreement with Uniper SE to supply over 30 terawatt hours - about 2.8 billion cubic meters (around 99 billion cubic feet) - a year of natural gas to Germany. "Germany is Equinor's largest market for natural gas and has…...
Masdar Starts Up 35MW BESS in England
2+ week, 5+ day ago (530+ words) Abu Dhabi Future Energy Co PJSC (Masdar) has begun commercial operations at a 35-megawatt (mW) battery energy storage system (BESS) in Rochdale, England, its second start-up toward a target of three-gigawatt-hour (gWh) BESS capacity across the United Kingdom. At 70 megawatt…...
Aker Solutions Installs New CEO
1+ week, 4+ day ago (652+ words) Aker Solutions ASA on Tuesday announced the appointment of Paal Eikeseth, who has headed the Norwegian oil and gas contractor's Life Cycle business since 2022, as president and chief executive effective immediately. Eikeseth - who previously held operations- and growth-related roles at…...
Bernhard Completes Acquisition of New Mexico Gas from Emera
4+ week, 1+ day ago (187+ words) Bernhard Capital Partners (BCP) has completed the acquisition of New Mexico's biggest regulated natural gas utility from Emera Inc for around $1.25 billion. New Mexico Gas Co (NMGC) "will continue operating under its existing name and management team, as well as…...
McDermott Wins Contract for Eni's Cronos Project offshore Cyprus
2+ day, 20+ hour ago (562+ words) McDermott International Ltd said Wednesday it had received a "substantial" contract from Eni SpA for Cyprus' first hydrocarbon development. "Under the contract, McDermott will provide project management, engineering, procurement and installation support for the development of the Cronos gas field…...
Equinor, Aker BP, Var Energi to Jointly Pursue Bigger NCS Opportunities
2+ week, 4+ day ago (515+ words) Norwegian companies Equinor ASA, Aker BP ASA and Vår Energi ASA on Monday announced a collaboration to explore the largest remaining reserves in the country's waters to sustain production as existing developments become depleted. The partnership aims to test 20-25 exploration…...
TotalEnergies, Galp Complete Swap Involving Mopane, Venus Discoveries
4+ day, 20+ hour ago (389+ words) TotalEnergies SE has completed a transaction to acquire a 40 percent operating stake in the block containing the Mopane discoveries from Galp Energia SGPS SA in exchange for the latter obtaining a 10 percent interest in the Venus discovery license. "Exploration opportunities…...
Texas Oil Regulator Names New Oil, Gas Director
1+ week, 3+ day ago (503+ words) The division oversees Texas’ oil and natural gas exploration and production activities and enforces compliance with commission rules designed to protect public safety, conserve natural resources, and prevent waste, the RRC highlighted in its statement, pointing out that the division…...
ExxonMobil Awards $1.1B Contracts for Mozambique LNG Project
3+ week, 4+ day ago (321+ words) Exxon Mobil Corp and its Area 4 partners have issued around $1.1 billion in engineering, procurement and manufacturing contracts for the pre-FID Rovuma LNG project in Cabo Delgado. Rovuma LNG will develop offshore gas resources in Area 4 to be fed to an…...