ExxonMobil's Australian unit said on Monday that its Gippsland Basin joint venture with Woodside Energy has approved its final investment decision to develop the Turrum Phase 3 project, targeting underdeveloped gas resources.The approval is for the A$350 million ($221…
The Norwegian Offshore Directorate (NOD) has granted Equinor a drilling permit for two wildcat wells in the North Sea.The permit is for wells 34/6-8 S and 34/6-8 A in production license 554.Equinor is the operator of the license with 40% working interest…
Energy major BP and Japan’s largest power generation company JERA have appointed the leadership team of their planned 50-50 offshore wind joint venture, JERA Nex BP.The new entity will be led by CEO Nathalie Oosterlinck, currently serving as CEO of JERA Nex…
The U.S. Treasury, via the Office of Foreign Assets Control (OFAC), has extended a license for Serica Energy to operate the Rhum field in the North Sea, 50% owned by Iran's national oil company, for two more years.The OFAC license and secondary sanctions assurance relating to the Rhum field…
Dutch offshore contractor Marine Masters has secured work on an offshore installation project for the greenfield Bhasker A & B platforms, designed and constructed by Indian energy company SunPetro.The project, managed by main installation contractor…
Malaysia-based offshore services firm Sapura Energy, through its drilling arm Sapura Drilling, has secured multiple contracts for drilling-related services with oil and gas companies, worth over $720 million.Sapura Drilling won two contracts…
The Agogo floating, production, storage and offloading (FPSO) unit is ready to set sail from Chinese shipyard to Azule Energy’s development offshore Angola.Yinson Production has officially named the Agogo FPSO at a grand naming and sail away…
Engineering consultancy Wood has secured a $120 million contract extension by Shell UK to provide brownfield engineering, procurement and construction (EPC) to onshore and offshore assets across the U.K.The two-year, cost-reimbursable contract extension…
TotalEnergies has signed agreements with Air Liquide to develop two projects in the Netherlands for the delivery of green hydrogen, produced mainly by offshore wind power from the OranjeWind project, which will be used to decarbonize its refineries in Northern Europe…
Italian energy major Eni has signed an agreement with Egypt and Cyprus for the development and export of Cyprus Block 6 gas through Egypt’s existing infrastructure.The agreement outlines a comprehensive framework enabling a rapid development of the Cronos gas discovery offshore Cyprus…
RWE has set out plans to offer a system-stabilizing secondary reserve, also known as automatic frequency restoration reserve, for the German power grid via its Amrumbank West offshore wind farm.The transmission system operator TenneT recently…
ABS has issued a statement of maturity to Aikido’s floating wind platform which is designed to be assembled more quickly in smaller port areas and transported using existing barges. This could enable faster and cheaper development of floating offshore wind projects…
Dominion Energy, Inc. (NYSE: D) provided updates on the 2.6 GW Coastal Virginia Offshore Wind (CVOW) project. The fully permitted project is now approximately 50% complete and remains on track for on-time completion by the end of 2026. CVOW continues to achieve construction milestones…
Shell has restarted production at the Penguins field in the U.K. North Sea with a new floating, production, storage and offloading (FPSO) unit.The previous export route for the field, operated by Shell with 50% interest, and partner NEO Energy with the remaining 50%…
Offshore drilling contractor Odfjell Drilling has agreed terms with Equinor to extend its contract for use of the Deepsea Atlantic semi-submersible rig until end the second quarter of 2027.Deepsea Alantic will operate under previously agreed…
