Energy industry advisory and engineering consultancy Apollo has secured a contract thought to be in the region of £2 million from NEO Energy for a Front-End Engineering Design (FEED) study for the redevelopment project in the Greater Buchan Area…
Japan-based Mitsui O.S.K. Lines, (MOL) and Taiwan-based Ta Tong Marine Co. have through their joint venture Ta San Shang Marine Co. Ltd. (TSSM), signed a deal with the Dutch shipbuilder Damen Shipyards for the construction of a new service operation vessel (SOV)…
The volume of CO2 being injected into the North Sea by 2050 will be equivalent to the natural gas currently being extracted from the basin, according to a new report from global energy consultancy Xodus.That scale of carbon capture, utilization and storage (CCUS) will require some 100 reservoirs…
Brent crude futures rose in early Asian trade on Friday, reversing losses in the previous session as traders speculated on whether OPEC+ would come to an agreement on further production cuts.Brent crude futures LCOc1 gained 29 cents, or 0.4%…
Shares in chemicals giant BASF rose on Friday after a report that Abu Dhabi National Oil Co (ADNOC) is exploring an acquisition of the German group's energy business, Wintershall Dea. BASF stock was up 1.2% at 0855 GMT, with traders pointing…
Oslo-listed offshore vessel owner Siem Offshore has signed a letter of intent with offshore services firm Helix Energy Solutions Group.The LOI is for a possible long-term extension of charter contracts for Siem Helix 1 and Siem Helix 2 well intervention vessels at improved day rates…
Awilco Drilling said Thursday that an arbitration tribunal had ruled in its favor in its second case against Singapore-based Keppel FELS over a rig contract termination. It lost the first in April 2023.Awilco Drilling in 2018 ordered a harsh…
African members of OPEC+ producer group Angola and Nigeria are aiming for higher oil output, officials told Reuters on Thursday, as the countries are locked in talks with the group about their production quotas for next year.The comments came…
The Norwegian offshore industry safety body has launched an investigation after a person was hit by a valve block on the OKEA-operated Brage platform, offshore Norway, on Tuesday, November 21, 2023. According to the Petroleum Safety Authority of Norway (PSA)…
Integrated Wind Solutions ASA (“IWS”) has, through its wholly-owned subsidiary, IWS Fleet AS and IWS Fleet Management entered into a strategic cooperation with offshore wind installation firm Havfram Wind.This collaboration involves IWS providing…
Hapo International Barges has acquired cranes recently removed from Cadeler's Wind Orca and the Wind Osprey offshore wind installation vessels from Cadeler.These 1,200-ton cranes had to be replaced with even larger cranes for Cadeler to be able to install the next generation of wind turbines…
Rovco said Thursday it had completed all survey work on behalf of Flotation Energy and Vårgrønn for the planned Cenos floating offshore wind farm located in the Central North Sea, 200 kilometers off the coast of north-east Scotland.Rovco was…
Subsea services firm N-Sea said Thursday it had extended the long-term charter agreement for the vessel Braveheart Spirit until December 31, 2025.Since April 2022, N-Sea has had the vessel under full management and control. The vessel, formerly known as the DPSV Bourbon Gulf Star vessel…
Corvus Energy, a Norway-based provider of battery energy storage solutions and fuel cell systems for maritime, offshore and port applications, has appointed Fredrik Witte as the new CEO, starting January 1, 2024. Until Witte starts, CFO Mette Rokne Hanestad will serve as the Interim CEO…
UK-based oil firm Serica Energy said Thursday it had agreed to acquire a 30% non-operated interest in the UK North Sea licenses P2498 and P2170 which together make up the Greater Buchan Area (“GBA”) from Jersey Oil & Gas.Completion is subject to regulatory…