Canada will offer up to C$5.2 billion ($4.1 billion) to debt-ridden Newfoundland and Labrador to help it complete a problem-plagued hydroelectric power plant and also ease the Atlantic province's fiscal plight, Prime Minister Justin Trudeau said on Wednesday…
Offshore drilling firm Transocean said Wednesday it had secured contracts for two offshore drilling rigs in the Gulf of Mexico. The contracts are worth $55.5 million in total.Transocean said that its Deepwater Conqueror drillship had won a one-well contract with 'a major operator' in the U…
World Energy Reports estimate that more than 100 wind farm installation and maintenance vessels will be required over the next decade. This is due to the proliferation of offshore wind farm projects planned for construction over the next 10 years…
Offshore cable manufacturer Nexans will deliver export cable for Equinor's floating solar pilot offshore Frøya in Norway. The floating solar project is slated to come online in December 2021 and will be the world’s first floating solar plant operating in rough offshore waters…
The Norwegian oil and gas authorities have approved the start-up of the Neptune Energy-operated Duva field in the North Sea.Neptune Energy estimates the reserves at around 71 million barrels of oil equivalent to be at the field.The Duva oil…
Offshore installation company Heerema Marine Contractors has completed the installation of BP's Cassia Compression (Cassia C) platform in Trinidad and Tobago.Heerema brought the Cassia Compression structures on July 15 from the Altamira fabrication yard…
Mexico's methane leak rate from oil and gas operations is twice as high as that of the world's top oil producer, the United States, a group of researchers found in a report due to be released this week.Invisible and odorless but much more harmful than carbon dioxide…
The offshore drilling sector – challenged by managing an oversupplied, highly competitive market combined with over-leveraged balance sheets, weak liquidity, and stressed financials – is ripe for consolidation, Maritime Strategies International said in a recent report…
Malaysia's Petronas has awarded Block SK437 offshore Sarawak, Malaysia to Petronas Carigali, Sarawak Shell Berhad, Petroleum Sarawak Berhad (Petros).Block SK437 is located to the southwest of the prolific Central Luconia province, measuring 2…
The British High Court has agreed to hear a case by environmental campaigners claiming that the government's support of North Sea oil and gas companies conflicted with its plans to slash the country's carbon emissions by 2050.The legal challenge…
Norway's Equinor posted a sharp increase in second-quarter profit on Wednesday as prices of oil and gas rose, but its earnings fell short of expectations as its Norwegian unit missed forecasts.Adjusted earnings before tax rose to $4.64 billion…
UK-based SSE Renewables and Spanish firm Acciona have agreed to jointly explore offshore wind opportunities in Poland, and have signed a Memorandum of Understanding (MoU) in order to formalize a 50/50 joint venture for the Polish market.Poland…
U.S. oil and gas exploration and production firm Talos Energy has started production from its Tornado Attic well in the U.S. Gulf of Mexico.After successful drilling of the Tornado Attic well, announced in June 2021, Talos executed completion…
A Dutch court has ruled a half-billion-dollar stake in the Portuguese oil company Galp linked to Angolan ex-first daughter Isabel Dos Santos must be handed over to Angola, lawyers for the southwest African country's state oil company said on Tuesday…
Stavanger-based oil firm Wellesley Petroleum on Monday said it would swap certain oil and gas assets offshore Norway with the Norwegian energy giant Equinor. Equinor will take a 40% participating interest in licenses PL090 JS, PL248 I and PL925…