A subsidiary of Shell plc, BG International, signed a farm-out agreement (FOA) with ExxonMobil Egypt to acquire a 100% stake in the Exxon Mobil-operated North East El-Amriya offshore area, Mediterranean Sea, also known as Block 3, a Shell statement said on Wednesday…
Australia's vast liquefied natural gas (LNG) sector is betting its future on carbon capture and storage (CCS), a technology it says is vital to decarbonization and is proven.Convincing everybody else is going to be the tricky part, especially…
After years of stalling, Romanian lawmakers approved legislation on Wednesday to reduce taxes on future income from offshore gas projects, hoping it would unlock investment in the Black Sea to extract its sizeable reserves.As Europe grapples with an energy crisis amid the war in Ukraine…
UK-based Proserv said Wednesday it had secured a deal to supply its 'holistic' cable monitoring system (CMS), ECG, at Equinor’s Hywind Scotland floating offshore wind farm.The 30 MW Hywind Scotland pilot park, consisting of five 6 MW turbines…
Oslo-listed offshore drilling firm Borr Drilling has won a binding Letter of Award for its jack-up drilling rig 'Saga' from an undisclosed operator in Southeast Asia.The drilling program is expected to start in Q4 2022, in direct continuation of the current contract…
Inpex Corp, Japan's top oil and gas producer, wants to grow in Australia through expansion of its liquefied natural gas (LNG) output as well as hydrogen and nature-based carbon offset projects, a senior executive said on Wednesday.Inpex's $40…
Italian gas group Snam has signed a contract with Golar LNG under which Golar will deliver the existing LNG Carrier 'Golar Arctic' as a floating storage and regasification unit (FSRU).Snam will install the FSRU in the port area of Portovesme…
U.S.-based oil producer Talos Energy has temporarily suspended pursuit of an arbitration claim against Mexico amid high-level talks over one of the country's flagship offshore projects, five people close to the matter said.The dispute erupted…
The West Hercules semi-submersible drilling rig has started drilling the first of two exploration wells offshore Canada. Seadrill, the drilling contractor that manages the SFL-owned rig, shared the news on Tuesday in a social media post.The drilling is being conducted in the Flemish Pass Basin…
Singapore's Strategic Marine has ordered 50 of its C32 ACERT IMO III engines from Caterpillar dealer PT Trakindo Utama Singapore Branch, citing severe disruptions to the supply of what it says is critical shipbuilding equipment due to the pandemic…
By Teresa Wilkie, Research Director of RigLogix at Westwood Global EnergyUtilization is one of the key barometers of the health of the offshore rig market, as it identifies what percentage of the usable fleet is available versus what is not…
U.S.-based offshore oil and gas services firm Helix Energy Solutions Group is set to buy equity interests of Louisiana-baed Alliance group of companies for $120 million cash at closing, plus the potential for post-closing earnout consideration…
International Maritime Industries (IMI), which describes itself as the largest shipyard in the MENA region, and offshore construction firm Lamprell on Tuesday announced the successful completion of the load-out and float-off of the first jackup drilling unit being constructed for IMI…
Offshore wind developer Ørsted and Taiwanese vessel company Ta San Shang Marine Co. Ltd. held a ceremony in Taichung on Tuesday to christen and name the first-ever purpose-built Service Operation Vessel (SOV) 'TSS Pioneer' in the Asia-Pacific region…
Danish offshore vessel company Maersk Supply Service has installed six mooring lines and six anchors for the DemoSATH floating wind project at the BIMEP open sea test site in the Biscay Bay off the coast of Armintza, Spain.SATH Technology is…