Offshore engineering and construction firm McDermott on Thursday announced the second shipment of topside modules for a floating production storage and offloading (FPSO) unit for Japans' Modec.The new shipment comes just weeks after the first…
Turkey began drilling at a second borehole in a Black Sea natural gas field where it made its largest-ever discovery earlier this year, Energy Minister Fatih Donmez said on Thursday.In one of the world’s biggest finds this year, Turkey said…
Shares in Siemens Gamesa rose on Thursday after it confirmed forecasts for a steady rise in margins until 2023, even though a small operating profit in the fourth quarter was not enough to save the wind turbine maker from an annual loss.Beset by a slowdown in the Indian market…
In what has been described as a 'world's first' a spider-like robot recently achieved its first blade walk an offshore wind turbine in the UK, opening door to significant offshore inspection cost cuts.Developed by BladeBUG, with support of the Offshore Renewable Energy (ORE) Catapult…
ADM Energy, an AIM-listed oil and gas investing company with interest in the Aje oil field offshore Nigeria, has appointed Lionel Therond as its Chief Financial Officer.West Africa-focused ADM said this week that Therond had 35 years' experience in the oil & gas sector and investment banking…
Oil and gas major Shell has reiterated its commitment to the drilling of the high impact Pensacola well in Licence P2252 in the UK North Sea, Deltic Energy, Shell's partner in the offshore block said Thursday.'Deltic is pleased to report that Shell…
Australian oil and gas company Santos has executed documentation to enter into a new US$750 million syndicated bank loan, to refinance existing debt facility established for the acquisition of ConocoPhillips’ northern Australian and Timor-Leste assets…
The last of 13 topside modules has been lifted and installed aboard Eni's Mozambique-bound Coral-Sul FLNG facility, being built by Samsung Heavy Industries in South Korea.The lifting of the module marks the end of the onshore-modules fabrication…
Seismic survey vessel fleet owner Shearwater GeoServices and seismic data firm CGG have abandoned their plans to form a joint technology partnership in the space of marine seismic streamers, as proposed in June 2019.Under the agreements between the two companies signed last year…
Oil and gas company Petrogas E&P Netherlands has hired Maersk Drilling's jack-up rig Maersk Resilient to drill three wells in the Dutch sector of the North Sea. The 110-day contract for the harsh-environment drilling unit is expected to start…
Brazilian oil firm Petrobras has announced the start of the binding phase for the sale of its ownership in shallow-water fields in the Ceará Cluster, located in the state of Ceará, Brazil.The fields comprising the Ceara Cluster are Tuna, Curimã…
The Scottish Government plans to increase offshore wind capacity to 11 gigawatts (GW) of energy installed by 2030 – which is, as the government has said, enough to power more than eight million homes.Currently, Scotland, with a population of around 5…
Tamarind Resources said Tuesday it had acquired the Rubicon Intrepid FPSO from the owner Rubicon. The Rubicon Intrepid, converted into an FPSO from a shuttle tanker in 2007/2008, has been operating at the Galoc field offshore the Philippines at SC14C…
Oil futures prices have started to signal OPEC+ may have to do more to offset a second wave of coronavirus and a renewed economic slowdown.Between mid-September and mid-October, Brent’s six-month calendar spread had been tightening, a signal…
Crane specialist Palfinger will deliver two wire luffing lattice boom cranes to the largest FPSO vessel ever delivered to Brazil. The FPSO, to be delivered by Japan's Modec, will be deployed at Equinor's Bacalhau field (formerly Carcará), about…