(WO) –Louisiana-based energy services company Danos has acquired Wood’s offshore labor supply Gulf of Mexico operations. “We have been in the people business for 76 years,” said Eric Danos, CEO of Danos Ventures. “Providing highly skilled personnel to build, maintain and operate our customers’ assets safely is what we do. And we...

(Bloomberg) — The World Bank will support the development of Mozambique’s giant natural gas resources if it’s the cheapest way to boost energy security in one of the world’s poorest nations, according to an official. The Washington-based lender in 2019 stopped financing oil and gas extraction projects, aside from “exceptional circum...

(Bloomberg) — India will not breach Western sanctions on Russia, including the price cap of $60 imposed on purchases of oil from Moscow, according to people familiar with the matter. Government authorities have asked banks and traders to adhere to the rules, the people said, declining to be identified as the information isn’t public. Indi...

(WO) – Surus Inversa, through its specialized digital platform Escrapalia, has launched a public auction of 1,490 tons of pipes, casings and auxiliary material. This is surplus drilling material, which has not been used, from the Houston facilities of a Spanish global multi-energy company. The auction, digitally available at international l...

(Bloomberg) – Despite the exodus of almost every Western oil company, Russia can maintain crude oil production longer than many expect, according to S&P Global Vice Chairman Dan Yergin. “There’s going to be a decline but it’s going to be a slower decline,” Yergin told Bloomberg TV at the CERAWeek by S&P Global conference in Houston...

(WO) – North Sea flaring has been cut in half following four consecutive years of reductions driven by tough measures to make UK oil and gas production cleaner, new analysis shows. Offshore flaring fell again in 2022, by 13% to 22 Bcf of gas, contributing to a total decrease of 50% since 2018, when volumes totaled 44 Bcf. Last year’s redu...