Motive Offshore Group has acquired Norway-based Weld Integrity Group, a move aimed at strengthening its certification and inspection (C&I) capabilities and boosting its presence in the Norwegian offshore energy market.The acquisition is expected to add $1…
South Korean steelmaker POSCO Group has signed a memorandum of understanding (MoU) with Ørsted to explore the joint development of the 1.4 GW Incheon offshore wind farm, the largest such project in South Korea.The agreement, signed on September 24…
Equinor and partners in Åsgard and Mikkel licenses have started the second phase of Åsgard subsea compression in the Norwegian Sea, with the aim to maintain production from the field by increasing the pressure in the pipelines between the wells and the Åsgard B platform…
Finder Energy has executed a binding farm-in agreement with joint venture partner Timor Gap to increase the Timor-Leste state oil company’s stake in Production Sharing Contract (PSC) 19-11, entailing the Kuda Tasi & Jahal (KTJ) fields development project…
Italian offshore energy services firm Saipem has received the authorization to proceed with the execution of activities related to the engineering, procurement, construction and installation (EPCI) contract for the development of ExxonMobil's Hammerhead oil field…
The Nigerian Upstream Petroleum Regulatory Commission (NUPRC) has approved a sales purchase agreement (SPA) by TotalEnergies for its entire 12.5% stake in Oil Mining Lease (OML) 118, which contains Bonga offshore field, to Shell's SNEPco and Eni's Nigerian Agip Exploration (NAE)…
Italy's antitrust regulator has fined energy group Eni and five other oil companies operating in the country for practices restricting fair competition in the sale of fuel for trucks, the watchdog said on Friday.The regulator said that fines totalling more than 936 million euros ($1…
The Norwegian Offshore Directorate (NOD) has granted consent for the start-up of a tie-in from the Equinor-operated Troll B platform in the North Sea to the Kvitebjørn gas export line.The tie-in will help reduce the decline in gas production in upcoming years…
U.S. energy producer Chevron is expected to begin drilling at Suriname's shallow-water Block 5 next month, the country's oil minister, Patrick Brunings, said.'They will be drilling the Kori Kori well,' he said in a TV interview this week. 'If this well does indeed contain oil or gas…
Global technology company SLB has secured a major contract from Petrobras to provide services and technology for up to 35 ultra-deepwater wells in the strategically important Santos Basin.The wells, which are part of the second development of the Atapu and Sépia fields…
BP said on Thursday it expects global oil demand to grow until 2030, five years later than its forecast a year ago, stressing slowed efforts to increase energy efficiency.The oil major's latest Energy Outlook, an annual study of energy trends through 2050…
Aker Solutions has become the first company in Europe to secure certification for unlimited beyond visual line of sight (BVLOS) drone operations, further advancing autonomous inspection for offshore platforms, onshore yards, process plants and…
Ørsted has signed a lease agreement for up to 100,000 square meters at the Port of Tyne, one of the UK’s major deep-sea ports, to support the development of its Hornsea 3 offshore wind farm.The site, located at Tyne Clean Energy Park in South Shields…
Compute Maritime, a London-based deep tech company and the developer of the world’s first generative AI tool for ship design, has taken charge of the U.K.-funded GenDSOM project to develop the next generation crew transfer vessel (CTV) with generative AI and additive manufacturing…
Woodside has signed signed a liquefied natural gas (LNG) Heads of Agreement with Türkiye’s Boru Hatları ile Petrol Taşıma (BOTAŞ) to will approximately 5.8 billion cubic meters natural gas equivalent of LNG for up to nine years starting from 2030…