A Russian court on the Pacific island of Sakhalin has ordered the provisional seizure of four tugboats belonging to Denmark's Svitzer, the world's biggest tugboat operator, at the request of a Russian energy company. Moscow has been seizing…
Japanese FPSO supplier MODEC has won a contract with Equinor to supply an FPSO vessel for the BM-C-33 block of the Campos Basin offshore Brazil. The order comes just days after Equinor and its partners Repsol Sinopec Brasil, and Petrobras took…
Harbour Energy on Wednesday stuck to its $1 billion free cash flow outlook for the year, despite a rise in tax bills, as the British North Sea oil and gas producer benefits from higher prices and more international projects. The Scottish firm said its liquidity was $3…
UK's union Unite said that 1200 offshore workers would resume 48-hour strike action starting Wednesday, in a dispute over jobs, pay and conditions in the offshore sector.The union said that the strike action would hit oil and gas operators including Apache…
Japan's Inpex posted a 61% surge in first-quarter net profit to 151.5 billion yen ($1.12 billion) as higher oil and gas sales coupled with a weaker yen boosted financials, it said on Wednesday, falling slightly short of the market expectations…
Australia’s federal government has released its 2023 Budget, with the offshore industry saying it listened to industry concerns.Australian Petroleum Production & Exploration Association (APPEA) Chief Executive Samantha McCulloch said the new…
Dutch offshore equipment supplier SMST has been awarded a contract by Damen Shipyards to deliver two sets of mission equipment for the two newbuild Elevation Series CSOVs for Windcat Offshore. SMST will deliver a gangway combined with access…
The UK wants to become a 'world leader in carbon capture and storage,' and the government on Tuesday said it would facilitate the creation of a 'treasure map' which will quantify for investors how much carbon capture and storage could be possible under the country's seabed…
Partners in Danish carbon capture and storage Project Greensand have developed technology for frequent seismic monitoring of CO2 stored in the Nini West field in the Danish North Sea.'Frequent seismic monitoring is essential for safe and permanent storage of CO2…
NKT, a company specializing in making and installing power cables, has appointed Claes Westerlind as President and CEO.'Claes has extensive experience from the power cable industry and in-depth knowledge of NKT’s high-voltage business, markets and technology…
Norwegian shipbuilder Vard, part of Italy's Fincantieri, has signed new contracts to design and construct two commissioning service operation vessels (CSOVs) for the UK-based offshore vessel owner North Star.The agreement also has an option for two additional ships…
Suriname's state-owned oil company Staatsolie said on Monday it has signed production sharing contracts for two offshore blocks with France's TotalEnergies and Qatar's QatarEnergy. Under the joint operating agreements signed with TotalEnergies and QatarEnergy for blocks 6 and 8…
Oil producer Enquest said on Tuesday it signed an agreement with Petronas to produce additional gas from the Seligi field in Malaysia through existing infrastructure until the end of 2025. The deal is expected to increase EnQuest's gas production by around 25 million standard cubic feet per day…
Brazilian oil firm Petrobras said Monday that the FPSO Anna Nery started production on Sunday, May 7, 2023, in the Campos Basin.The FPSO is part of the revitalization project of the Marlim and Voador fields, which will produce the post-salt reservoirs and Brava…
Equinor, Repsol Sinopec Brasil, and Petrobras have taken the investment decision to develop the BM-C-33 project in Brazil. The investment is approximately USD 9 billion.Located in the Campos Basin, BM-C-33 comprises three different pre-salt discoveries – Pão de Açúcar…