UK-based oil and gas company Capricorn Energy is keeping its hopes up that Woodside's Sangomar offshore oil project in Senegal will produce the first oil by June 30, 2024, making it eligible for contingent pay of up to $50 million.In December 2020…
UK oil and gas company Baron Oil has signed a memorandum of understanding (MoU) with Timor Gap for the farm-up of 15% working interest in the Chuditch production sharing contract offshore Timor-Leste.Baron's wholly-owned subsidiary SundaGas Banda Unipessoal entered the MoU with Timor Gap…
Innovate UK’s Energy Catalyst program has awarded a little over $500,000 in grant funding for a project that will seek to develop Indonesia’s first fully offshore floating solar farm.The grant funding was approved for the Solar2Wave project…
Japan's Mitsui and Co has decided to pull its employees out of Russia's Arctic LNG 2 liquefied natural gas (LNG) project, the Sankei newspaper reported on Tuesday, citing several sources, in yet another blow for the project.Fearing the backlash from the sanctions…
Akkrake Petroleum, a fully-owned subsidiary of Rex International-Monarch Marine Holding joint venture Porto Novo Resources, has signed a production sharing contract for operatorship and working interest in an oil field offshore Benin, West Africa…
NYK Group’s Hokuyo Kaiun has received certifications from ClassNK for the safety management system (SMS) of its crew transport vessel (CTV) for the offshore wind industry.The certifications, ISO 9001:2015 and ISO 45001:2018, were obtained by combining the experience of Hokuyo Kaiun…
Malaysia’s Petronas Carigali and Thai PTTEP have signed agreements related to the development of PTTEP-operated oil and gas Blocks SK405B and SK410B located off the coast of Sarawak, offshore Malaysia.Petronas and PTTEP signed a memorandum of…
The holiday season is here, and in the best traditions of Offshore Engineer, we bring you the top festive videos shared by offshore industry companies this year as well.With plenty of ‘short and sweet’ videos to choose from, this year’s round up starts with our top three favorites coming from Fugro…
A natural gas project to be developed in Venezuelan waters by Shell and Trinidad and Tobago's state firm National Gas Company (NGC) could achieve first output in the next two years if a positive investment decision is made, Trinidad officials said on Friday…
Foreign shareholders suspended participation in the Arctic LNG 2 project due to sanctions, renouncing their responsibilities for financing and for offtake contracts for the new Russian liquefied natural gas (LNG) plant, the daily Kommersant reported on Monday…
Norway-based offshore wind developer Deep Wind Offshore has submitted a permit application for the construction and operation of an offshore wind farm on the south coast of Sweden.The application is for the Olof Skötkonung wind farm in the Gulf of Bothnia…
UK-based oil firm EnQuest has reached an agreement with Viaro Energy’s subsidiary RockRose to sell a 15% working interest in the Bressay field and the EnQuest Producer floating production, storage and offloading vessel (FPSO), both located in the UK North Sea…
Offshore drilling contractor Dolphin Drilling has signed a letter of intent for a 500-day drilling campaign with an undisclosed operator in the UK.The 500-day drilling campaign will employ semi-submersible rig Borgland Dolphin.The drilling campaign…
Brazilian state-run oil group Petrobras has started drilling the Pitu Oeste well, which marks the restart of the company's search for oil and gas in the Equatorial Margin.The drilling of the well, in the BM-POT-17 concession, located 53 kilometers off the coast of Rio Grande do Norte…
Esgian has released its Week 51 Rig Analytics Market Roundup, highlighting regulatory action in the United States.The Biden Administration has published the final 2024–2029 National Outer Continental Shelf Oil and Gas Leasing Programme with “the fewest oil and gas lease sales in history…