Japanese oil company Inpex has submitted a revised development plan for Abadi LNG project in Indonesia, incorporating a carbon capture and storage (CCS) component, on behalf of the INPEX-Shell joint venture.Inpex has amended the plan of development…
Oslo-listed offshore oil and gas services company Archer has completed the acquisition of Baker Hughes' Coil Tubing and Pumping business in the UK.In February, the two companies signed official agreements for Archer to buy Baker Hughes' coil tubing and pumping (CT&P) business in the United Kingdom…
German insurers Allianz and Munich Re have renewed cover for the damaged Russia-controlled Nord Stream 1 gas pipeline, five sources with knowledge of the matter said, indicating that its revival has not been ruled out after an alleged sabotage attack…
Brazilian oil firm Petrobras has started the contracting process for the chartering of two floating, production, storage, and offloading (FPSO) vessels for the Sergipe Deepwater Project (SEAP), in the Sergipe-Alagoas Basin, about 100 km off the coast…
A group of Australian Indigenous people has lodged human rights grievances with 12 Australian and international banks urging them to withdraw a $1 billion loan to Santos Ltd for its Barossa offshore gas project. Environmental and Indigenous groups have been campaigning for years against the $3…
Offshore drilling firm Seadrill said Tuesday it had completed the previously proposed acquisition of Aquadrill, a company previously known as Seadrill Partners.In connection with the completion of the transaction, Seadrill issued an aggregate 29…
A number of recent actions in the United States will better position the nation to meet its short- and long-term offshore wind energy targets, as outlined in the April 2023 U.S. Offshore Wind Report from Intelatus Global Partners.April brings with it the news that the U…
Surprise new cuts to the OPEC+ group's output targets could push oil prices towards $100 a barrel, setting the scene for another clash with the West grappling with higher interest rates, analysts and traders said.The decision signals unity within…
Danish offshore wind turbine maker Vestas said Monday that its most powerful wind turbine, the V236-15.0 MW prototype, stretching 280 meters into the air, had reached 15 MW nominal power rating.'The prototype was installed in December 2022 and produced its first kWh of power shortly after…
Singapore-based Sembcorp Marine said Monday it was proposing to change its name from “Sembcorp Marine Ltd” to “Seatrium Limited.'This follows the completion of the combination of the company's businesses and Keppel Offshore & Marine Ltd on February 28…
Dutch FPSO leasing firm SBM Offshore has signed the project financing of FPSO Almirante Tamandaré for a total of $1.63 billion.The Dutch company in July 2021 signed contracts with Brazil's Petrobras for the 26.25 years lease and operation of FPSO Almirante Tamandaré…
Around 150 Sparrows Offshore Services contractors on offshore facilities in the UK will start strike action in a dispute over pay from Wednesday, April 5, workers' union Unite said Monday.'Dozens of platforms and operators to be hit including Shell and Harbour Energy…
Baker Hughes has secured an order from QatarEnergy to supply two main refrigerant compressors (MRCs) for the North Field South (NFS) project, which will be executed by Qatargas. The MRCs are part of two LNG “mega trains” representing 16 million…
KBR has received a Letter of Intent (LOI) from Equinor Canada for the front-end engineering design (FEED) of the topside facilities of the new Bay Du Nord FPSO to be located offshore Newfoundland, CanadaThe agreement also includes an option…
Offshore installation firm Ocean Installer has formalized an alliance with energy industry services giant Baker Hughes to deliver a new, integrated subsea engineering solution that, the company says, provides efficiencies from project appraisal through to operations…
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