Brent crude futures snapped a three-day rally on Friday in light holiday trading but the benchmark was still headed for a weekly gain, with the market focusing on next steps by OPEC+ and the impact of the Omicron variant.Brent crude futures slid 41 cents…
U.S. oil major ExxonMobil has started drilling the Glaucus-2 well in Block 10, offshore Cyprus, to better understand the size of the giant Glaucus-1 gas discovery made in the block back in 2019.The news was shared this week by the Cypriot Ministry of Energy…
Marine seismic data provider ION Geophysical has received a notice from the New York Stock Exchange informing it that the company is not in compliance with the continued listing standards.ION is considered below criteria established by the NYSE…
UK-based offshore wind developer SSE Renewables has informed that construction of Seagreen, the world’s deepest fixed bottom offshore wind farm, which is also Scotland’s largest, has reached another milestone with the installation of a jacket…
Northern Ocean, the billionaire John Fredriksen-owned harsh-environment offshore rig owner, has signed contracts with the Norwegian offshore contractor Odfjell Drilling.Odfjell Drilling will provide Northern Ocean's rig fleet with marketing and management services…
Jadestone Energy, an oil and gas production company focused on the Asia Pacific region said Thursday that its Chief Financial Officer (CFO) Dan Young, had decided to leave the company.'After more than 20 years overseas, Mr Young intends to repatriate back to Australia for personal family reasons…
Australian oil and gas company FAR Limited said Thursday its Bambo-1ST1 well offshore The Gambia had not encountered live oil columns and would be plugged and abandoned. Despite the disappointment, FAR said that the well data showed that several target intervals in the well had oil shows…
Oil and gas company Equinor has declared options to extend the contract for Eidesvik Offshore's supply vessel Viking Queen.The contract extension runs from the end of January 2022 in direct continuation of the current contract.The extension means the 2008-built…
Classification society and testing, inspection and certification services firm Bureau Veritas has welcomed the UK government’s recently announced plans to invest in the tidal energy industry, suggesting that tidal stream electricity has the…
The Vladimir Filanovsky offshore field in the Caspian Sea, operated by Russian oil and gas giant Lukoil, has produced more than 30 million tonnes of oil, according to the company.In 2021, the field saw five development wells built (including…
Russia's Gazprom will complete the filling of the Nord Stream 2 gas pipeline by the end of this year, Chief Executive Alexei Miller said on Thursday, according to the Interfax news agency.The first of the two lines of the pipeline, which runs from Russia to Germany…
A few months back, Offshore Engineer ran a feature on who's doing what in the development of the world's largest offshore wind farm - the 3.6GW Dogger Bank project in the UK - covering suppliers of turbines, cables, installation services, vessel-owners…
Australian oil and gas company Western Gas has said that regulator NOPSEMA has accepted its Environment Plan to manage activities for the Sasanof-1 exploration well on the North West Shelf, Australia.Drilling is scheduled to start in March/April 2022 using the Valaris MS-1 semi-submersible rig…
Oil company Taylor Energy Co LLC agreed to transfer a $432 million cleanup trust account to the U.S. government and pay an additional $43 million to resolve a lawsuit over its role in the longest-running oil spill in U.S. history under a proposed deal filed in New Orleans federal court on Wednesday…
Marianne Wiinholt, CFO of offshore wind developer Ørsted, has decided to step down from her position. Ørstedsaid Thursday it had started the process of identifying the next CFO of Ørsted.'Having served as Ørsted’s CFO for the past 8 years, Marianne…
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