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SBM Offshore awarded Petrobras study for FPSO carbon capture solution

SBM Offshore has announced the signature of a study with PETROBRAS for the application of Carbon Capture Modules on FPSOs. The module design is based on a successful engineering and design study between […]

South Africa to launch new NOC, signaling shift in oil and gas governance

Johannesburg — The upcoming launch of the South African National Petroleum Company reflects a broader trend across Africa, where nations are restructuring their state-owned energy enterprises to attract investment, improve efficiency and enhance energy security. […]

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ExxonMobil showcases $20 million Mozambique investment during AEC roundtable

ExxonMobil has invested over $20 million in Mozambique as part of its local content development strategy since 2017 and plans to direct more investments in the local economy through upcoming projects, according to Armando Afonso, […]

Trump creates National Energy Dominance Council to expedite oil and gas flow

Jennifer A. Dlouhy February 14, 2025 (Bloomberg) – President Donald Trump ordered the creation of a White House council focused on steering the U.S. toward “energy dominance,” with the […]

‘Oil refiners adding renewable feedstock to produce cleaner fuels’

*Biofuels production. New Delhi — Oil refiners are increasing their efforts to blend renewable feedstocks such as used cooking oil into their crude refining streams to meet global demand for cleaner fuels. As a result, […]

Trump approves LNG exports, creates energy council

*President Donald Trump signing the executive order repealing the Biden ban on drilling. – To boost US oil, gas– First LNG export approvals since Biden paused them in January, 2024– Trump signs order forming council […]

Kongsberg launches mooring capable solution for offshore construction vessels

Kongsberg Maritime has developed a new mooring capable solution for Offshore Construction Vessels (OSCVs), expanding the capabilities of OSCVs beyond their current scope to include the pre-lay of mooring lines as a natural extension to […]

Energy NL remembers Ocean Ranger tragedy 43 years later

Energy NL joins members of the energy sector and all Newfoundlanders and Labradorians as we remember the tragic loss of 84 crew members of the Ocean Ranger. “Reflecting on the 43rd year since […]

US drillers add oil and gas rigs for third week in a row

*US weekly offshore rig count News wire — U.S. energy firms this week added oil and natural gas rigs for a third week in a row for the first time since December 2023, energy services […]

Russia’s Gazprom Neft says 2024 net profit down 25% to $5.2 billion

News wire — Gazprom Neft, the oil arm of Russian energy giant Gazprom, announced on Friday that its net profit for 2024 was 479.5 billion roubles ($5.22 billion), a decrease of 25.2% year-on-year. The company […]