Oslo-listed Vaar Energi, majority owned by Italy's Eni, posted on Tuesday a 55% drop in second-quarter operating profit on weaker oil and gas prices, narrowly missing analysts' forecasts. Earnings before interest and tax (EBIT) for the April-June quarter fell to $778 million from $1…
Bumi Armada's Armada Kraken FPSO, a production unit operating at EnQuest's Kraken offshore field in the UK North Sea, has increased operational performance following a shutdown in early June.As Offshore Engineer previously reported, the Armada…
A liquefied natural gas (LNG) vessel moored in the Tuscan port of Piombino will be moved off the coast of Vado Ligure and Savona in Italy's northwestern region of Liguria, the president of Liguria said on Tuesday.Italian gas grid operator Snam…
Africa-focused oil and gas company oil and gas company Afentra has agreed to buy stakes in two offshore blocks in Angola from Azule Energy Angola Production, an Angolan JV company formed in 2022 by Eni and BP.Afentra will acquire a 12% interest in Block 3/05 and a 16% interest in Block 3/05A…
Four groups of companies have made bids in Israel's latest tender for offshore hydrocarbon exploration, the Energy Ministry said on Sunday.The ministry said the groups include a total of nine companies, five of which were new to the Israeli market…
Brazilian oil company Enauta said Friday it had received a letter from the Malaysian FPSO company Yinson, notifying the exercise of an option to acquire FPSO Atlanta, through the purchase of all the shares of AFPS B.V., the platform owner company…
Norwegian offshore support vessel operator Havila Shipping has secured a bareboat charter extension for its Havila Harmony vessel.Brazil's offshore service firm OceanPact has declared the option for one-year extension of the bareboat agreement on the Havila Harmony…
Norway-based Optime Subsea said Friday it had successfully tested and qualified a high-speed wireless communication system for the completion of subsea wells. 'The wireless communication system, part of Optime Subsea’s Remotely Operated Controls Systems (ROCS)…
Texas-based oilfield services company Weatherford has won a five-year contract to provide Intervention Services for Petróleo Brasileiro S.A. ('Petrobras') in Brazil.'Weatherford has performed Intervention Services in Brazil for more than 20…
Oil majors BP and TotalEnergies emerged as the winners in a 7 gigawatt (GW) offshore wind site auction in Germany worth 12.6 billion euros ($13.96 billion), highlighting the appeal of renewable assets across Europe.The move comes as European…
Africa Oil Corp. has entered an agreement to increase its operated working interest (“WI”) in Block 3B/4B, located in the Orange Basin offshore South Africa and, the company says, on trend with the Venus, Graff, La Rona and Jonker oil discoveries in the nearby Namibia…
Oil and gas company Longboat Energy said Tuesday that a new license group had been formed, and an extended work period has been granted in Norwegian license PL1049 in the Norwegian North Sea, which has been stratigraphically split and renamed PL1049S…
Offshore oil and gas exploration spending will increase more than 20% globally this year and the growth will continue into the next, oilfield services firm SLB said on Wednesday.'Offshore is experiencing a renaissance, with significant breadth and anticipated durability…
TechnipFMC has signed a 20-year framework agreement with Chevron Australia under which TechnipFMC may provide Subsea 2.0 configure-to-order subsea production systems for gas field developments off Australia’s northwest coast.The agreement covers the supply of wellheads…
Japan's government on Friday finished accepting bids for a second major round of offshore wind power tenders to build 1.8 gigawatts (GW) of capacity in four areas, with the result to be announced by the end of March.Japan's offshore wind power…
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