The West Hercules semi-submersible drilling rig has started drilling the first of two exploration wells offshore Canada. Seadrill, the drilling contractor that manages the SFL-owned rig, shared the news on Tuesday in a social media post.The drilling is being conducted in the Flemish Pass Basin…
Singapore's Strategic Marine has ordered 50 of its C32 ACERT IMO III engines from Caterpillar dealer PT Trakindo Utama Singapore Branch, citing severe disruptions to the supply of what it says is critical shipbuilding equipment due to the pandemic…
By Teresa Wilkie, Research Director of RigLogix at Westwood Global EnergyUtilization is one of the key barometers of the health of the offshore rig market, as it identifies what percentage of the usable fleet is available versus what is not…
U.S.-based offshore oil and gas services firm Helix Energy Solutions Group is set to buy equity interests of Louisiana-baed Alliance group of companies for $120 million cash at closing, plus the potential for post-closing earnout consideration…
International Maritime Industries (IMI), which describes itself as the largest shipyard in the MENA region, and offshore construction firm Lamprell on Tuesday announced the successful completion of the load-out and float-off of the first jackup drilling unit being constructed for IMI…
Offshore wind developer Ørsted and Taiwanese vessel company Ta San Shang Marine Co. Ltd. held a ceremony in Taichung on Tuesday to christen and name the first-ever purpose-built Service Operation Vessel (SOV) 'TSS Pioneer' in the Asia-Pacific region…
Danish offshore vessel company Maersk Supply Service has installed six mooring lines and six anchors for the DemoSATH floating wind project at the BIMEP open sea test site in the Biscay Bay off the coast of Armintza, Spain.SATH Technology is…
Chevron Corp has completed maintenance work at its Wheatstone liquefied natural gas (LNG) plant, and the facility's two processing units, or trains, are now running, the operations head of its Australian business said on Tuesday.'We are still starting up our domgas (domestic gas) plant…
French offshore vessel operator Bourbon has won a contract to support the construction of the Eolmed project, a recently sanctioned pilot floating wind farm in the Mediterranean Sea, offshore France.The wind farm, owned by Qair, TotalEnergies…
Bahrain's state oil firm nogaholding is in final talks to appoint a strategy consultant and financial adviser, its chief executive said on Monday, as the indebted country seeks to capitalize on high energy prices and sell or lease out assets…
Greencoat UK Wind has agreed to acquire a net 12.5% stake in Hornsea 1 offshore wind farm in the UK from Global Infrastructure Partners ('GIP') for £400 million (around $496.5 million). The acquisition is expected to complete in Q3 2022.Hornsea…
Equinor and Exxon Mobil Corp have taken the first steps to expand an $8 billion oil development off Brazil's coast, the Norwegian oil producer told Reuters.The firms want to boost future production from the Bacalhau oil field, Equinor's largest…
Woodside Petroleum does not expect heavy selling of the company's shares by BHP Group investors if Woodside's acquisition of BHP's petroleum business goes ahead in June, Chief Executive Meg O'Neill said on Monday.Woodside shareholders are set…
An investigation by the Norwegian offshore oil and gas industry safety regulator into an incident involving the discovery of cracks in the outer shell of second-stage gas coolers on Equinor's Troll C offshore platform in Norway in October 2021…
U.S. oilfield services company Weatherford International announced Monday that H. Keith Jennings, Executive Vice President and Chief Financial Officer, would leave the company on July 31, 2022. '[Jennings'] leaving the company is not the result…