Norwegian offshore support vessel operator Solstad Offshore has secured new contracts and extensions for four of its platform supply vessels.The contracts are firm for a total of 850 days, and Solstad Offshore's clients in the UK and the Netherlands will use the vessels…
Prosafe has signed a firm contract with an unnamed major oil and gas company to provide accommodation services using the Safe Concordia semi-submersible rig in the U.S. Gulf of Mexico.The contract has a firm length of 330 days, with options for up to 6 months…
Offshore drilling company Borr Drilling has entered into an agreement to sell the jack-up drilling rig 'Gyme' for a price of $120 million to an unrelated third party.The 'Gyme' is a 2018 PPL Pacific Class 400 located in Singapore. The rig has not been activated or contracted since its delivery…
The Kremlin said on Thursday that several people had been arrested during a foiled attack on the TurkStream gas pipeline on Russian territory, Interfax news agency reported. Russia has said it is stepping up security on the TurkStream pipeline…
Marine Power Systems from the UK is working with WavEC from Portugal to set up its modular floating offshore wind platform in the north of Portugal. 'Floating offshore wind is increasingly featuring in government decarbonization targets around the world and Portugal is no exception…
Simon Møkster Shipping said Wednesday it had secured a contract extension for its Stril Server offshore vessel, working at the Hywind Tampen floating wind project in the Norwegian section of the North Sea.'Equinor exercises all options for the Stril Server working on the Hywind Tampen project…
Britain is offering an additional 34 exploration blocks to its first oil and gas exploration licensing round since 2019, the North Sea Transition Authority (NSTA) said on Thursday. On Oct. 7, the NSTA initially offered 898 blocks, encouraging applications…
Equinor's latest platform in Brazil, Peregrino C, produced its first oil on October 10 at around 20:00 local time.Peregrino phase 2 will extend the life of the Peregrino field to 2040. Phase 2 adds 250–300 million barrels of oil, while at the…
Norway-based Kongsberg Group said Thursday it had set up Kongsberg Renewables Technologies to strengthen the group's offering and presence within the renewables sector. Geir Håøy, CEO of Kongsberg, said: 'Kongsberg is a leading global ocean…
The Celtic Sea is well positioned to maximize its position as an early hub for floating offshore wind. Still, it’s’ going to be a huge industrial challenge not unlike the oil industry faced when developing the Brents in the 1980s, today’s Floating Offshore Wind conference in Aberdeen heard…
Malaysia's Petronas has signed a Production Sharing Contract (PSC) with TotalEnergies, Petronas Carigali, and Shell for Block 2K, an ultra-deepwater block off the coast of Sabah, Malaysia.According to Petronas, Block SB 2K, with a depth of up to 3…
Norwegian police on Thursday responded to a threat made by telephone against the Nyhamna gas processing plant, one of Europe's largest energy export facilities, and later said the incident had been resolved. The threat came amid heightened concerns…
Kazakhstan's Energy Minister Bolat Akchulakov told Reuters that the giant offshore Kashagan oilfield will resume production of 400,000 barrels per day (bpd) by the end of October after maintenance.Speaking on the sidelines of the Russian Energy Week in Moscow…
President Vladimir Putin said on Wednesday that Russia could redirect supplies intended for the damaged Nord Stream pipelines to the Black Sea to create a European gas hub in Turkey, or even use the one intact part of Nord Stream 2 to supply the EU…
Egypt is aiming to take over the development of Gaza's offshore natural gas field, Egyptian and Palestinian officials said, in what would be a boost for the cash-strapped Palestinian economy. While Egypt and Israel have been producing gas in the eastern Mediterranean for years…