Petronas, through Malaysia Petroleum Management (MPM), has concluded the Malaysia Bid Round 2024 (MBR 2024) with the signing of two Production Sharing Contracts (PSCs), located off the coast of Sabah. The state-owned energy giant has also launched MBR 2025…
Oil and gas company Vår Energi has selected Norwegian company Lufttransport RW to operate two new helicopters from manufacturer Leonardo on the Norwegian continental shelf (NCS) for the transport of offshore industry personnel.The new helicopters…
Spain will launch its first tender for offshore wind farms later this year, Energy Minister Sara Aagesen said on Friday.She added that her government will raise the amount of investment allowed in power grids, currently capped to limit electricity costs for consumers…
State-owned French power giant EDF is taking a 900 million euro ($944.4 million) impairment charge on the Atlantic Shores offshore wind farm project in the United States after partner Shell pulled out of the joint venture.'We have every intention…
Constellation, a major offshore oil and gas drilling services provider in Brazil, operating 22% country´s offshore drilling rigs, has outlined its plan to list the company’s shares Euronext Growth Oslo.Constellation, with 1,800 employees and a 45-year track record…
Norwegian seismic firm TGS has secured a 4D streamer acquisition project in the Barents Sea covering the Vår Energi-operated Goliat field.The Goliat 4D project is scheduled to start in July.The total duration of the project is approximately 20 days…
Norwegian oil and gas company Aker BP has drilled a dry wildcat well in the Bounty Updip prospect in the Norwegian Sea.The wildcat well 6306/6-3 S was drilled in production license 886, which was part of the awards in predefined areas (APA) 2016…
China's state-owned oil and gas firm China National Offshore Oil Corporation (CNOOC) has started production at Luda 5-2 North Oilfield Phase II Development Project in the central part of Bohai Sea.The main production facilities at the project…
The United States' first Jones Act-compliant offshore wind turbine installation vessel (WTIV), Charybdis, has started sea trials ahead of delivery to Dominion Energy planned for later in 2025.The Seatrium AmFELS shipyard in Bronsville, Texas…
Eidesvik Offshore, Agalas, and Reach Subsea have partnered up to build a new construction support vessel (CSV) for subsea and offshore renewables operations.The new CSV will have similar specifications as the vessel Eidesvik currently has under…
Brazil's Brava Energia will connect four more wells to its Atlanta field in the first half of 2025, as it starts shipping oil to commodity trading firm Trafigura under a supply deal for six million barrels.That will bring the total number of…
U.S. oil major Exxon Mobil plans to boost natural gas output and supply in Guyana through a large-scale project announced on Wednesday, following the government's call for more gas to fuel onshore power and petrochemical projects.The 'Wales Gas Vision'…
Environmental groups on Wednesday moved in court to block President Donald Trump’s administration from allowing offshore oil drilling along broad swaths of U.S. coastline, in what appeared to be the first legal challenges to the Republicans’ efforts to boost fossil fuel production…
Japan Petroleum Exploration (Japex) is prioritizing investment in oil and gas exploration and production (E&P) through 2030 - revising an earlier plan to aggressively expand its renewables businesses, its president said.'For now, the investment…
Norway's combined oil and gas production lagged an official forecast by 1% in January, weighed down by a decline in the exports of natural gas, data from the Norwegian Offshore Directorate (NOD) showed on Thursday.Norway is Europe's largest supplier of natural gas and a major producer of oil…