Oslo-listed FPSO leasing company BW Offshore has completed the sale of its laid-up FPSO Polvo to BW Energy. The agreed price was $50 million, for which BW Energy $30 million upon the vessel transfer ...

The North Sea Transition Authority (NSTA) has offered further 31 exploration licenses in the latest phase of the U.K.'s 33rd oil and gas licensing round. A total of 82 offers to 50 companies have now ...

A BP-Eni joint venture and Rhino Resources Namibia have signed an agreement for a 42.5% interest in a block in the country's offshore Orange Basin, the companies said on Friday. The agreement is Azule ...

The Australian government has granted a feasibility license for Ørsted’s first offshore wind project in Australia and intends ...

Copenhagen Infrastructure Partners (CIP), on behalf of its Flagship Funds, has been awarded two licenses for the development ...

Shell reported first-quarter profit of $7.7 billion on Thursday, exceeding expectations as disruption to Red Sea shipping and ...

Mainstream Renewable Power, as part of the Gippsland Skies Offshore Wind consortium, has secured a feasibility license from ...

Floating production solutions specialist Amplus Energy and Nigeria-based Versatile Group (VG Energy) have set up a joint ...

The Chouest group has acquired ROVOP, a Scottish remotely operated vehicle (ROV) company, expanding its ROV fleet and subsea ...

UK-based offshore energy supply chain company Balmoral Comtec has secured a multi-million-dollar contract from for Ørsted for ...

Equinor has signed a long-term deal with engineering companies to help drive down the cost of developing two offshore oil ...

U.S. oil producer ConocoPhillips missed Wall Street bets for first-quarter profit on Thursday, as lower natural gas prices ...