Less than a week after it was announced that Shell would hire the Maersk Viking drillship for one well off Brunei, the oil company has now decided to exercise the extension option to add one more exploration well to the work scope.The contract extension has an estimated duration of 35 days…
Norwegian oil and gas firm Equinor has received consent from the Norwegian Petroleum Directorate to start up work on the Snorre field redevelopment, in the Norwegian part of the North Sea. The expansion of the Snorre field in the North Sea consists of six subsea templates…
Chinese shipbuilder Cosco Dalian has completed the construction of the Carioca MV30 FPSO for Japan's Modec.The 332 meters long Carioca FPSO - converted from Flandre VLCC - will be deployed at the Sépia field operated by Petrobras, located in…
CorPower Ocean, a Sweden-based developer of wave energy converters, has secured a 10-year marine license in Portugal.The company said the license provides a ‘Permit for the Private Use of the Maritime Space’ up to 12 miles off the coast of Aguçadoura in northern Portugal…
Energy intelligence group Wood Mackenzie has said that a world on a 2-degree celsius pathway could significantly reduce upstream gas investments - by 65% through to 2040.To remind, countries that signed the famous Paris Agreement in 2016, committed…
The compliance of OPEC+ with oil production cuts in October was seen at 101%, three OPEC+ sources told Reuters on Friday, maintaining a strong level of adherence to their supply-cut pact.The compliance assessment will be reviewed and confirmed…
Norwegian subsea support vessel owner DOF Subsea has appointed Martin Lundberg as Acting Chief Financial Officer (CFO) with responsibility for the corporate finance functions in the DOF Subsea Group. The appointment is effective from January 1…
Japanese oil firm Cosmo Energy Holdings on Thursday cut its net profit estimate for the year to March 31 by 41%, blaming a hefty appraisal loss on its crude inventories and slumping prices of petrochemicals.It now forecasts an annual net profit of 8…
Oil and gas environmental management and compliance services company Tems International has said it has won 'a major contract' for work in offshore Trinidad and Tobago.Aberdeen-based Tems said this week that the contract had started in September…
Australian oil and gas firm Karoon Energy has this week completed the acquisition of a 100% operating interest in the BM-S-40 offshore concession in Brazil from Petrobras.The offshore block in the Santos Basin contains the producing Baúna oil field and undeveloped Patola discovery…
Norway's Kongsberg Maritime said Friday it had during 2020 won contracts for 12 of its Shuttle Tanker concepts, with a value totaling over NOK 400 million (around $43,7 million).Shipyards in South Korea and China are building the vessels, which…
The UK Serious Fraud Office (SFO) said on Thursday it had secured just under 1.2 million pounds ($1.6 million) from a Brazilian national implicated in Brazil's 'Operation Car Wash', the country's biggest bribery investigation that began in 2014…
Norwegian offshore support vessel operator DOF Group has secured a long-term contract for its Skandi Aukra platform supply vessel.The vessel has been chartered by the UK North Sea operator Chrysaor. The charter will begin in December 2020, in direct continuation of its current contract…
Norwegian energy company Equinor has proposed the Port of Albany, in upstate New York, as the first offshore wind tower manufacturing facility in the U.S.'Developed jointly with leading wind industry manufacturers Marmen and Welcon, Equinor…
Norwegian oil and gas firm Aker BP has started up production from the Ærfugl field phase 1 in the Norwegian Sea.Ærfugl, a gas reservoir, holds a total of around 300 million barrels of producible oil equivalents. It is a subsea project being developed in two phases…