UK-based energy services firm THREE60 Energy has acquired well and pipeline operator and well management specialist, Fraser Well Management.'The acquisition leads THREE60 Energy to become one of only two companies that can undertake the role as outsourced duty holder (installation operator)…
British oil major BP has awarded a drilling contract to Stena Drilling for the use of its Stena IceMAX drillship in Canada.The contract is for one well and is scheduled to start in 2023.BP will use the drillship to drill a well off the coast of Newfoundland…
Russia's former president Dmitry Medvedev said on Tuesday a reported proposal from Japan to cap the price of Russian oil at around half its current level would lead to significantly less oil on the market and could push prices above $300-$400 a barrel…
Brazilian oil company Enauta has started a scheduled downtime of its Atlanta field in the Santos Basin, offshore Brazil.Enauta said that the downtime was in compliance with the Brazilian Ministry of Labor’s normative requirements, as well as to prepare the FPSO to be re-certified by DNV…
The Crown Estate for England, Wales, and Northern Ireland said Monday said Tuesday it had identified, and released a map of five broad ‘Areas of Search’ for the development of 4GW of floating offshore wind in the Celtic Sea by 2035.'These areas…
RWE and Hellenic Petroleum Holdings have agreed to collaborate on the development, construction and operation of offshore wind farms off the Greek coast. Greece, which doesn't have any offshore wind farms installed at the moment, has set a 2…
Offshore wind turbine maker Siemens Gamesa has signed a master supply agreement with the wind farm developer wpd for the 927-MW Gennaker offshore wind farm.Located in the Baltic Sea, 15 km off the German coast, the project is intended to feature…
Dubai-based Dragon Oil signed a $1 billion deal to renew its production partnership in Turkmenistan with state-owned Turkmen Oil for 10 years after the current contract expires in May 2025, the United Arab Emirates state news agency WAM said on Monday…
Norwegian offshore workers began a strike on Tuesday that will reduce oil and gas output, the union leading the industrial action told Reuters.The strike, in which workers are demanding wage hikes to compensate for rising inflation, comes amid high oil and gas prices…
Chinese search and rescue officials pulled 12 bodies on Monday from waters southwest of Hong Kong after an engineering vessel snapped in two as tropical storm Chaba passed through, state television said.Maritime authorities of the southern province…
Greece can cope well with potential cuts in Russian gas supply due to the availability of liquefied natural gas (LNG) as an alternative, its energy minister said on Monday after a meeting with energy suppliers and grid operators on energy security…
President Joe Biden's administration on Friday unveiled a five-year proposal for offshore oil and gas development in areas of existing production, and said the final plan may have anywhere from zero to 11 lease sales.The range of options, between two auctions a year and none at all…
Norwegian offshore workers will likely go on strike on Tuesday in an industrial action that will cut oil and gas output as the negotiating parties have not made progress, the union and the lobby representing oil companies said on Monday.'As it stands now…
Teekay Corporation has found a new home for its Sevan Hummingbird FPSO following its recent departure from the Chestnut field in the UK North Sea, after 13 years of production there for Centrica's Spirit Energy. The cylindrical FPSO has been…
Norway's oil ministry on Monday said it had approved adjusted production permits for six offshore fields but that would not change the expected amount of gas Norway would export in 2022.The Nordic country expects to sell some 122 billion cubic meters of gas this year…
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