BP to Scrap Renewables Targets as it Shifts Back to Fossil Fuels

BP's chief executive will scrap a target to increase renewable generation 20-fold

BP's chief executive will scrap a target to increase renewable generation 20-fold by 2030, returning the focus to fossil fuels, as part of a strategy shift announced…

Germany-based Bernhard Schulte Offshore (BS Offshore) and Ulstein Verft have launched a new Commissioning Service Operation Vessel (CSOV), the Yno 320.The launch…

EDGE and Fincantieri have signed a new memorandum of understanding (MoU), deepening their cooperation through joint venture Maestral, which will be focused on the design, development and creation of unmanned systems for

Van Oord and Ecowende have signed a contract for the design, construction and installation of tree reefs and oyster hubs at Ecowende’s Hollandse Kust West wind farm (HKW…

African Export-Import Bank (Afreximbank) has unveiled plans to establish a $1 billion oil service financing facility in Guyana, which aims to enhance local participation…

Shearwater Nets ExxonMobil’s Contract for 4D OBN Survey Off Guyana

Offshore seismic services firm Shearwater Geoservices has secured large deepwater 4D ocean

Italy’s Saipem and Norway’s Subsea7 Merger to Create Energy Services Giant

Energy services firms Saipem and Subsea7 have reached an agreement on the

Staatsolie Looks to Secure $1.5B to Join GranMorgu Project Off Suriname

Suriname's Staatsolie needs to secure an unprecedented $1.5 billion in bank financing

Guyana Set to Sign Deal with TotalEnergies-Led Group for Offshore Oil Exploration

Guyana expects to soon sign an oil production-sharing agreement with a consortium

Shell Offshore and Shell Pipeline Company (SPLC), subsidiaries of oil and gas major Shell, have signed an agreement with ConocoPhillips to increase the stake in…

ExxonMobil’s Australian subsidiary Esso Australia Resources and its partners have announced a nearly $200 million investment in the Kipper 1B Project which will…