Osaka Gas has agreed to acquire a 5% interest in the Browse gas project offshore Western Australia from BP Developments Australia, adding an expected 550,000 tonnes per year of LNG to its procurement portfolio.The Japanese company entered into a sale and purchase agreement through Osaka Gas Browse…
Spinergie, an Intelligence & Operations platform, announced its expansion into offshore logistics with a solution for planning, managing and optimizing personnel and cargo logistics for the offshore energy sector. The platform is designed to…
Argentina's government has presented a bill to crack down on companies operating in the Falkland Islands, potentially escalating tensions with the United Kingdom over the territory that is controlled by Britain but claimed by Argentina.The proposal…
The environmental impact study for South Africa's first proposed offshore wind farm along the country's east coast has stalled, pending new technical information from developers, the consultancy appointed to conduct the assessment confirmed on Thursday…
GLO Marine is targeting revenues of more than USD$57.47 million (€50 million) by 2030 as it prepares to establish a permanent operation in the Middle East and bring its new USD$6.9 million (€6 million) Technology Centre in Romania into commercial operation…
National Ocean Industries Association (NOIA) President Erik Milito issued the following statement following House passage of H.R. 5109, the TWIC Efficiency (TWICE) Act:'The TWICE Act directly addresses one workforce bottleneck by creating a…
Golden Software has focused on enhanced usability in the latest version of its Surfer mapping and 3D visualization software package. New and long-time Surfer users will find it is faster and easier to make high-quality subsurface maps that accurately visualize their 3D data sets…
Verlume and SubCtech have signed a memorandum of understanding to jointly develop and deliver integrated subsea power systems and pursue opportunities across the offshore energy and defense sectors.The agreement combines Verlume's subsea power…
Oil prices settled $3 higher on Tuesday after shipping industry sources said crude loadings at Saudi Arabia's Red Sea export hub of Yanbu had been suspended and Riyadh had canceled some cargo deliveries to European customers, deepening concerns…
Çan2 Termik's subsidiary Minerosol Group has signed a 20-year operating and production agreement with Venezuela's PDVSA for the CEMA (Petrokariña) oil field, with a planned investment budget of $381.7 million over the contract period.The agreement…
The European Commission will likely comment within the next 24 hours on a reopening of its antitrust probe of the merger between Norway's Subsea 7 and Italy's Saipem, Subsea 7 CEO Stuart Fitzgerald said on Wednesday.The probe had been halted…
Chinese supplier Envision Energy has installed the first turbine at the 128 MW Vinh Long nearshore wind project in Vietnam, marking the first turbine installation for its first international offshore wind project.The project, developed by REE Group…
The Norwegian Offshore Directorate has granted Equinor a drilling permit for a wildcat well in the North Sea.The permit is for wellbore 25/9-5 S in production license 1042, operated by Equinor with 30% working interest.Its partners are Aker BP with 40% share and Vår Energi with 30% working interest…
PTTEP has received Thai government approval to transfer a 40% working interest in two offshore Gulf of Thailand blocks to Valeura Energy under a strategic farm-in agreement between the companies.Thailand's Cabinet granted executive approval for PTTEP Energy Development Company…
Borr Drilling has agreed to sell its 51% stake in two Mexican joint ventures to its local partner, while retaining ownership of three jack-up rigs working for Pemex and continuing to participate in their underlying contracts through bareboat charters…