Blake Wright

The three US lease auctions were the last planned under the current 5-year federal leasing plan.

The latest ruling reverses a lower court decision to block the Ecopetrol and ExxonMobil programs in the Andean nation.

The UK supermajor is selling off its Sunrise oil sands stake for cash, interest in the undeveloped Bay du Nord complex off Newfoundland.

Gentari aims to develop and deliver conventional renewable energy, hydrogen, and electric vehicle solutions in Asia Pacific and beyond.

The sale is subject to the closing of the acquisition by BW Energy of the 100% operating working interest in the Golfinho field from Petrobras.

The company has renamed itself Orrön Energy and will be a pure-play renewables business. Lundin’s E&P business was transferred to Aker BP, closing a $14-billion deal announced in December 2021.

Energy trader Vitol also made an unspecified strategic investment in Delfin Midstream.

ExxonMobil awarded the consortium the project management, engineering, and installation of the estimated 190-km pipeline.

The partnership of Subsea 7 and Flasc has a plan to use out-of-service pipelines as pressure vessels in a hydro-pneumatic energy storage concept.

The two new facilities are expected to increase Saudi Arabia’s total annual offshore fabrication capacity to 100,000 mt.