Australian oil and gas firm Karoon Energy has reached a settlement agreement with Pitkin Petroleum over a dispute related to Block Z-38, offshore Peru. Back in May, Pitkin Petroleum sent a notice of the dispute to Karoon Energy, related to the joint operating agreement in respect of Block Z-38…
Docked at a Canadian port, crew members returned from a test run of the Ocean Cleanup's system to rid the Pacific of plastic trash were thrilled by the meager results — even as marine scientists and other ocean experts doubted the effort could succeed…
Oslo-listed floating wind tech developer BW Ideol has partnered up with EDF Renewables, and Maple Power, to cooperate on the design of the technical solution for the floating foundations in the context of France’s first commercial-scale floating wind tender…
Solstad Offshore said Thursday its Far Sapphire vessel has completed the installation of the inter-array cable for the TetraSpar floating wind turbine in Norway.The TetraSpar floating foundation, fitted with an offshore wind turbine, was recently…
Norwegian offshore vessel owner Island Offshore has tasked Kongsberg Digital with equipping its whole vessel fleet with Kongsberg Vessel Insight infrastructure solution.With 26 offshore vessels expected to feature Kongsberg's solutions, this…
Aberdeen-based Well-Safe Solutions has won a contract with Repsol Sinopec to execute the decommissioning of 14 wells in its Buchan and Hannay offshore fields in the UK.Well-Safe Solutions will utilize its purpose-built decommissioning unit specifically designed for decommissioning of subsea wells…
Swedish power company Vattenfall has said it has, with partners wpd and BlueFloat Energy, prequalified for the upcoming 250MW floating offshore wind tender off the coast of South Brittany in France, the first commercial floating tender in France…
Exports of Malaysia's flagship crude oil Kimanis will fall in October and November after a production issue at an offshore oilfield operated by Royal Dutch Shell, three sources with knowledge of the matter said.Petroleum Brunei, one of the stakeholders…
Swedish oil firm Lundin Energy has completed appraisal wells on the Lille Prinsen discovery, north of the Edvard Grieg field in the North Sea, offshore Norway. The two wells have confirmed a combined updated gross resource range of 12 – 60 million…
Subsea services firm DeepOcean has entered into a frame agreement contract with the Norwegian energy giant Equinor for the provision of contingency equipment and services for handling of high voltage subsea cables. The contract is for three years with options to extend up to four additional years…
Dutch FPSO leasing specialist SBM Offshore has completed the project financing of FPSO Sepetiba for a total of US1.6 billion, which SBM Offshore says, is the largest project financing in the company’s history.FPSO Sepetiba, formerly known as Mero 2…
ExxonMobil Canada has reported that a near-miss incident occurred on the Hebron offshore platform in Canada earlier this week when a hoist hook fell on the deck. Nobody was injured but the incident had the potential for fatality.The Canada-Newfoundland…
Vineyard Wind, which is on track to be the first major U.S. offshore wind farm, closed on a $2.3 billion loan and will begin construction in Massachusetts later this year, its owners said on Wednesday.The senior debt financing allows the project…
Oilfield services firm Halliburton has secured an integrated services contract to execute a three to five well drilling and completions campaign for the Mediterannean Sea-focused oil and gas firm Energean.The U.S.-based oilfield services giant…
The UK-based Offshore Renewable Energy (ORE) Catapult has said it has secured funding for five projects as part of the Clean Maritime Demonstration Competition, funded by the Department for Transport and delivered in partnership with Innovate UK…