German oil and gas firm Wintershall Dea, one of the five co-funders of Nord Stream 2, on Wednesday said it is writing off its 1 billion euros ($1.11 billion) financing in the gas pipeline that was suspended last week.The management board of…
Oslo-listed FPSO leasing firm BW Offshore said Wednesday it had received a one-year contract extension for the lease andoperation of the FPSO BW Joko Tole. BW Joko Tole is a gas-producing FPSO operating on the TSB field offshore Indonesia for Kangean Energy Indonesia…
Hydrokinetic energy company Waterotor International Corp. on Tuesday unveiled its 20MW hybrid ocean energy-generating system aimed at decarbonizing offshore oil and gas operations.The megarotor system design called “The Big Cajun” was unveiled…
Oil major TotalEnergies could see its license to develop a major offshore South African gas find scrapped if it does not submit a production plan by September, the oil and gas regulator said on Thursday.TotalEnergies discovered two large gas fields…
After last year's launch of the Helideck Perimeter Safety Net range designed to protect offshore workers and equipment from falling, offshore safety equipment maker Dropsafe has expanded its offering. 'Dropsafe now offers two different versions of the Net…
Norwegian offshore vessel owner Eidesvik Offshore has won a contract with the seismic survey company PXGEO under the master time charter agreement for the Subsea Viking vessel. Ediesvik said that the contract would start 'ultimo April 2022,' in direct continuation of the existing stand-by contract…
Malaysian offshore oil and gas services provider Alam Maritim has won a contract with Petrofac to provide transportation, installation, and pre-commissioning of flexible risers for the Cendor pipeline project in Malaysia. The total contract value is RM52 million (around $12…
Oil benchmarks are hitting multiple price and spread milestones across several key markets as the fallout from severe sanctions on key exporter Russia sows confusion and panic among global crude oil traders, shipping firms and importers.The…
ExxonMobil on Tuesday said it would exit Russia oil and gas operations that it has valued at more than $4 billion and halt new investment as a result of Moscow's invasion of Ukraine.The decision will see Exxon pull out of managing large oil…
Jadestone Energy said Wednesday it had resumed full production at the Montara project offshore Australia.Montara production had in recent weeks been running at reduced rates following an engine failure in the gas reinjection compressor. 'The engine has been replaced and gas lift reinstated…
Industrial services provider has agreed to acquire the UK-based energy industry engineering and maintenance specialist Sparrows Group.The transaction will include the acquisition of Sparrows’ wind energy business Alpha and is an important development in Altrad’s global growth ambitions…
Norwegian offshore installation firm Havfram on Wednesday shared its ambition to become 'one of the future market leaders in O&G electrification with offshore wind.' ' In 2020 Havfram made the lasting commitment to play a key role in the transition from oil and gas into offshore wind…
Offshore seismic services company Shearwater GeoServices said Tuesday it was divesting the four seismic survey vessels Polar Marquis, Oceanic Challenger, SW Emerald, and SW Eagle for recycling as part of its fleet renewal strategy.The first two vessels…
Eni Vietnam B.V., a unit of Italian energy group Eni, is expected to start drilling at the Dan Tranh-1X well in Vietnam's offshore oil block 115/09 from late this month, state oil firm PetroVietnam said on Tuesday.PetroVietnam will invite Essar…
British independent Serica Energy said it has paused production from the Rhum gas field in the U.K. North Sea while it works to replace malfunctioning underwater equipment.Serica said on Monday that it identified a fault in the Rhum subsea control module…
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