BP is exploring the sale of a 49% stake in its U.S. oil and gas pipeline network in the Gulf of Mexico, hoping to raise as much as $1 billion, according to people familiar with the matter.The potential divestment would help BP meet its targets to reduce debt and maintain its dividend…
Japanese shipping firm Mitsui O.S.K. Lines, Ltd. (MOL) and French renewable energy firm EDF Renewables have signed a memorandum of understanding (MoU) to cooperate in the acceleration of the development of offshore wind and related business and to encourage developments in green hydrogen…
Dutch offshore installation services company Van Oord is set to start the cable installation works on Iberdrola's Baltic Eagle offshore wind farm in Germany.'After Van Oord’s heavy lift installation vessel Svanen completed installation of all…
BW Ideol AS, a floating offshore wind foundation developer, and ADEME Investissement, a state-owned French financier of innovative infrastructure projects, have today completed the first financial closing following an earlier agreement for EUR…
Renewable energy firm RWE said Wednesday it was funding a study to investigate the quayside offload and launch of two types of floating offshore wind platforms – one steel and one concrete – alongside the integration of next-generation wind turbine generators onto these platforms…
Danish offshore energy services firm Semco Maritime said Wednesday it had secured a contract as part of the HCA Gas Lift Project for TotalEnergies and the Danish Underground Consortium in Denmark.'Semco Maritime will play an important role in…
The Norwegian oil and gas company OKEA said Tuesday it had started production from the Hasselmus gas discovery in the Norwegian Sea, on October 1, 2023. As a subsea tie-back to the Draugen platform, Hasselmus is expected to add 4,400 barrels of oil equivalents per day to production at plateau…
Sapura Energy said Monday that Brunei Shell Petroleum had issued notices of arbitration to its subsidiaries Sapura Fabrication and Sapura Offshore.Brunei Shell Petroleum is seeking arbitration against Sapura Fabrication in relation to the Salman development…
Brazilian state-run oil group Petrobras plans to invest around $300 million to drill two exploratory wells in the deep waters of the Potiguar Basin after environmental licenses were issued last week, a top executive said in an interview.The…
Singapore-based Dyna-Mac has secured several contracts, including an order to construct topside modules for an FPSO vessel.Dyna-Mac said that it had recently secured contracts worth a total provisional sum of S$88.0 million from unnamed repeat customers…
Subsea services firm Expro said Tuesday it had completed its previously announced acquisition of offshore services provider PRT Offshore.PRT Offshore is based in Houston, Texas, and provides a complete Hook-to-Hanger solution enabling comprehensive well completions…
Altera Infrastructure has been awarded contracts for the redeployment of the FPSO Voyageur Spirit and the shuttle tanker Nordic Brasilia for the Baleine Phase 2 project, located offshore Ivory Coast.The vessels are set for deployment on the Baleine field with a 15-year firm contract…
The U.S. Coast Guard medevaced a 50-year-old man from a deepwater construction vessel approximately 35 miles south of Grand Isle, Louisiana, Monday.Coast Guard Sector New Orleans watchstanders received a call at approximately 4:58 a.m. from…
The Boskalis heavy lift installation vessel, Bokalift 2, arrived in Invergordon port on October 1, ready to start loading the first batch of three monopiles for installation at the Moray West offshore wind farm. The first major component installation…
Shelf Drilling said Tuesday it had secured contracts for the Adriatic I and the Shelf Drilling Mentor jack-up rigs for operations offshore Nigeria for firm durations of 16 months and 8 months, respectively. The combined estimated contract value for the two rigs is approximately USD 93 million…