China's CIMC Raffles has recently secured an order to build a self-propelled offshore wind turbine installation vessel for CRCC Harbour & Channel Engineering Bureau (CRCC-HCEB.)According to CIMC Raffles, the jack-up vessel will be China's most…
Brazilian oil company Enauta has resumed production from the 7-ATL-2HP-RJS (“2HP”) well in Atlanta offshore field in Brazil, after a halt in early March.Enauta said this week that production had resumed after the installation of the new pump on the seabed…
Deepwater drilling company Transocean has secured $546 million worth of drilling contracts in the past quarter, according to its rig fleet status report issued Tuesday.The contracts were secured by four rigs, the Transocean Enabler, Transocean Encourage…
Oilfield firm Baker Hughes Co beat first-quarter profit estimates on Wednesday, as stronger oil prices have supported demand for its equipment and services. Global oil futures are currently trading around $83.12 a barrel, down about 22% from…
Dutch crane maker Huisman has won a contract from offshore wind installation contractor Havfram Wind for the delivery of a 3,000mt+ Leg Encircling Crane for its second NG-20000X Wind Turbine Installation Vessel. The crane contract news comes…
FPSO-leasing company BW Offshore has completed the sale of its BW Athena FPSO to an undisclosed third party. 'The transaction is part of BW Offshore’s strategy to transition to floating energy infrastructure investments. The sale of the FPSO…
Investment firm Kistos said Wednesday it had reached a conditional agreement to acquire all of the outstanding shares of Norway-based oil firm Mime Petroleum A.S. from Mime Petroleum S.a.r.l.Mime holds a 10% interest in the Balder joint venture…
Norway's natural gas output declined in March from February, missing official forecasts, while oil output grew slightly more than expected, preliminary data from the Norwegian Petroleum Directorate (NPD) showed on Wednesday. Crude oil output was 1…
Danish energy firm Orsted and Spanish engineering group Acciona will team up to develop new foundations for floating offshore wind turbines that cut costs and reduce carbon footprints, the two companies said on Wednesday. Floating wind technology…
Italian oil company Eni has extended the contract for Saipem's 7th-generation Santorini drillship for two years, starting in August 2023.According to Saipem, the extension is worth approximately 280 million dollars. 'To this amount will be added…
Oslo-listed FPSO leasing firm BW Offshore has signed a short-term extension for the Abo FPSO with Nigerian Agip Exploration Ltd, a subsidiary of Italy's Eni.The contract extension is, according to BW Offshore, until October 15, 2023, at the latest…
Norwegian shipyard Green Yard Kleven AS has secured a retrofit project with Brazilian offshore vessel owner Oceanica.This is the fourth contract signed with the same shipowner that includes the reactivation and rebuilding of offshore ships bought from Norwegian shipowners…
Norway's parliament on Tuesday told the government to consider an alternative way to cut carbon emissions at Western Europe's largest liquefied natural gas (LNG) plant, but stopped short of outright halting a controversial plan to use power from land…
Akastor has completed the transfer of all shares in AGR, an offshore engineering, consultancy, and software company, to the Norwegian energy and marine consultancy group ABL Group under the terms first announced on March 20, 2023.A total of 18…
The clear winner in the race to replace Russian oil at Europe's refineries is Norway's Johan Sverdrup crude, according to Refinitiv Eikon data and traders.Johan Sverdrup was launched in 2019, making it a relative newcomer compared to Russia's Urals grade…
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