Oil services firm Subsea 7 has overcome problems at Petrobras' Guará-Lula offshore project in Brazil and expects to complete work by the end of the year, Chief Executive Jean Cahuzac said on Thursday.
The firm has suffered extensive delays at the $1 billion project and has written off several hundred million dollars in expected full-life project losses related to Guará-Lula.
(Reporting by Gwladys Fouche; Editing by Balazs Koranyi)
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Orsted said that the demand for green power will continue to grow in the United States, regardless of the person who is elected as president.
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The price of Malaysian palm oil futures increased on Tuesday due to expectations that palm production will be reduced and inventories will decrease.
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Petronas, the Malaysian state-owned energy company, plans to expand "aggressively" in Indonesia. It will create a hub in…
The New Democratic Party of Premier David Eby, who is currently in office, will form the next government for British Columbia.
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New Mexico is the second largest oil producer in the U.S. A leading economist released this week a study about potential drilling restrictions.
New Mexico's chief economic officer said in a recent report that the state is currently studying new drilling restrictions.
LONDON, October 25 - Energean added a second unit of oil production to a production vessel that is floating off Israel. This…
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