Brazilian oil company Petrobras has wrapped up the sale of its entire stake in the ten offshore fields that comprise the Pampo and Enchova Clusters to Trident Energy. The fields are located in shallow water in the Campos Basin in the state of Rio de Janeiro…
Australia's FAR Ltd said on Thursday it has received a 'good level of interest' in the sale of its 15% stake in the $4.2 billion Sangomar oil and gas project being developed off Senegal.FAR said in March it had failed to secure debt to fund…
InterDam and Van Dam, the two Dutch firms specializing in manufacturing fire and explosion resistant products, have agreed to merge and continue under one name - InterDam.The deal was agreed on Tuesday, July 14, 2020. The integration of both…
U.S. energy regulators on Wednesday granted Delfin LNG a second one-year extension until September 2021 to build its proposed floating liquefied natural gas export facility off the coast of Louisiana.Delfin is one of several North American LNG…
Crew kidnappings and violent attacks on vessels in the oil-rich West Africa region have soared in 2020, with 77 seafarers taken hostage or kidnapped for ransom since January, according to the ICC International Maritime Bureau’s (IMB) latest piracy report…
French energy company Total is seeking to sell its 25.7% stake in the Shearwater Elgin Area Line (SEAL) natural gas pipeline in the British North Sea, industry sources said.The sale could raise about $200 million, one of the sources said.Total…
Norwegian drilling contractor Odfjell Drilling has taken over platform drilling and maintenance operations at ConocoPhillips' Ekofisk Area in the North Sea, offshore Norway.The move follows a contract signed between the two parties in December…
The number of drilled oil and gas wells this year is expected to reach about 55,350 this year, the lowest since at least the beginning of the century, Norwegian energy industry intelligence firm Rystad Energy said. The demand for drilling equipment is also down…
Wind turbine maker Siemens Gamesa has won a double order for wind turbine deliveries for two nearshore wind farm projects in Vietnam.The two orders, with 75 MW and 90 MW at the Tan Thuan and Thai Hoa wind farms respectively, will use the SG 5…
Manor Renewable Energy (MRE), a renewable energy services firm based in Portland, England, is expanding to the north, with a new office in Glasgow, Scotland.'The decision to open a new office in Glasgow was prompted by the growing renewable energy market…
Australia's Woodside Petroleum Ltd reported a worse-than-feared 29% drop in quarterly revenue, hit by weak spot liquefied natural gas (LNG) prices, but said it still expected to book a net profit in the first half.The hit came due to the double…
Norwegian oil services firm Aker Solutions said on Wednesday the outlook has improved for the second half of the year with oil prices partly recovered from the lows in April and Norway offering tax incentives for the oil industry.Its full-year 2020 revenue…
Norwegian oil company OKEA has agreed to buy Equinor's stake in the Aurora gas discovery in the North Sea, offshore Norway for an undisclosed amount.OKEA will acquire Equinor’s 40% operated working interest in PL195 and PL195 B, which contain the Aurora discovery…
North Sea focused oil and gas producer Premier Oil said on Wednesday it expected to make cash this year based on current futures contract prices, upgrading its outlook after saying in May it expected to be cash flow neutral this year.It hedged…
Crane manufacturer Palfinger will equip Østensjø Group's new offshore wind support vessels with lifting solutions as well as lifesaving appliances.The vessels, to be built by Spanish shipyards Gondán Shipbuilders and Balenciaga Shipyard, have been ordered by owner Edda Wind/Østensjø Rederi…