Sweden presented plans on Tuesday to build offshore wind power plants that will generate 20-30 terawatt-hours (TWh) per year, with an aim to reach 120 TWh at a later stage.The areas are located in the waters both east and west of Sweden, the Nordic country's government said…
Australian oil and gas company Santos is drilling ahead at its Pavo-1 well, off W. Australia, after last week's spud using the Noble Tom Prosser jack-up drilling rigThe Pavo-1, operated by Santos (70%) with Carnarvon as partner (30%) is targeting…
Offshore services firm Global Marine Group has extended the contract for Solstad Offshore's construction support vessel Normand Clipper.The contract extension is for three years more, with the vessel now expected to stay with Global Marine Group until May 2026…
MacGregor, part of Cargotec, has won a contract to supply two FPSO offloading systems for the Liuhua 11-1/4-1 redevelopment project located in the east part of the South China Sea. The contract has been awarded following the successful cooperation…
Offshore installation contractor DEME Offshore has awarded Proserv Controls a contract for the provision of the inter-array cable monitoring system, or CMS, for the first two phases, A and B, of the Dogger Bank offshore wind farm in the UK.Proserv…
Energy technology company Baker Hughes announced it has opened a new 'supercenter' facility for oilfield services and equipment in Guyana. The facility, which spans more than 8 acres, will support regional customers and bolster Baker Hughes’ localization efforts within South America…
American Offshore Services, a crew transfer vessel owner/operator has entered a strategic partnership with Orion Infrastructure Capital to build 'state-of-the-art CTVs designed to transport technicians and materials in varied offshore conditions…
European banks are providing billions of dollars of funding to expand oil and gas production, a report on Monday showed, despite International Energy Agency guidance against new facilities in order to slow global warming.Last year, 25 of the…
BP is sticking with its Russian oil and gas business, which has so far been unaffected by simmering tensions between Russia and the West, Chief Executive Bernard Looney said on Monday.BP is the largest foreign investor in Russia with a 19.75% stake in the country's national oil company Rosneft…
CGX Energy and Frontera said Monday they'd focus on their Corentyne block in Guyana in 2022 fully, and not engage in drilling activities on the Demerara block at all.The partners said their decision was based on the positive results from the Kawa-1 offshore well…
UK-based offshore engineering and maintenance contractor Bilfinger UK has secured a major contract with TotalEnergies that will create 300 fixed-term positions.The contract is for the delivery of fabric maintenance campaign services on TotalEnergies’…
Russian oil firm Gazprom Neft has recently completed a seismic data acquisition project at the Yuzhno-Obsky license block, located in the waters of the Gulf of Ob in the Kara Sea.The objective of the six-vessel survey campaign was to clarify the structure of promising underlying geological features…
Deepwater drilling specialist Transocean said Monday it had secured around $87.7 million in offshore drilling contracts since its last quarterly rig fleet report.In its report, Transocean said it had won contracts for five offshore drilling rigs…
Exxon Mobil Corp has bet billions of dollars on offshore drilling in Brazil, an area it once abandoned and now sees as key to its future.But five years into its comeback, the U.S. oil giant has yet to make a major oil discovery as an operator…
French energy industry giant TotalEnergies has partnered with the Norwegian company Semar in the development of the innovative Honeymooring solution, which, according to TotalEnergies, will contribute to lowering the floating wind costs and reducing seabed footprint…
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