Australia’s Woodside Energy sees the liquefied natural gas (LNG) market tightening this year, with demand growing especially in Asia, after prices were battered by a supply glut in 2020, its chief executive said on Thursday.LNG supply in 2021 will be partly tighter as Woodside…
The Biden administration has temporarily suspended oil and gas leasing and permitting on federal lands and waters while it evaluates the legal and policy implications of the program, according to a Department of Interior memo.The move appears…
Norwegian offshore vessel operator Havila Shipping has won a charter deal with offshore cable provider Nexans for its Havila Phoenix subsea construction vessel.The contract with Nexans Norway is for a firm period of 90 days with optional periods of 90 days and is expected to start during April 2021…
According to Rystad Energy, offshore maintenance budgets were slashed by at least 35% in 2020, thanks to severe spending cuts and Covid-19 restrictions. This could create conditions with a result of equipment failure, asset downtime, and critical health and safety issues…
Abu Dhabi-based oil and gas company Mubadala Petroleum has acquired a stake in an offshore block in Egypt. Mubadala said Thursday that Tariq Al-Mulla, Egyptian Minister of Petroleum and Mineral Resources, had signed the concession agreement…
North Sea-focused oil company NEO Energy has entered into exclusive talks with ExxonMobil to buy the U.S. oil giant's UK North Sea assets.NEO, backed by Norwegian private equity investor HitecVision, said Thursday that if the talks are successful…
Baker Hughes Co on Thursday joined larger rival Halliburton Co in saying the energy industry's worst downturn in decades should bottom out this year.Oil and gas producers have been forced to cut their budget, restructure operations and reduce employees…
The United Kingdom, Kuwait, Canada, United States, Colombia top energy intelligence firm Rystad's list of countries that offer the best fiscal conditions for the development of large offshore oil fields.After what has been described as a disappointing year for offshore sanctioning…
Italian prosecutors asked a Milan Court on Wednesday for documents sourced from U.S. bank JPMorgan to be filed as part of a corruption trial over the acquisition of an oilfield in Nigeria by Eni and Shell.The long-running graft case revolves…
Heerema Marine Contractors' concepts for the silent installation of offshore facilities' foundations have received a Statement of Feasibility from the global quality assurance firm DNV GL.Heerema has been working on developing 'silent foundations'…
Norwegian maritime equipment and technology company Kongsberg Maritime has won a contract to deliver key positioning and monitoring equipment to Equinor’s Hywind Tampen floating wind farm in Norway. The contract was signed with engineering firm Wood…
London-listed oil firm EnQuest has completed the acquisition from Equinor of a 40.8125% interest in the Bressay oil field development on the UK continental shelf. It has also become the operator of the project.As a result, EnQuest has a 40.81%…
Oil and gas company Energean on Thursday announced that Final Investment Decision has been taken on the North El Amriya and North Idkunea (“NEA/NI”) concession subsea tieback project offshore Egypt. The NEA concession contains two discovered…
U.S. President Joe Biden on Wednesday announced America's return to the international Paris Agreement to fight climate change, the centerpiece of a raft of day-one executive orders aimed at restoring U.S. leadership in combating global warming…
Erik Milito, president of industry group National Ocean Industries Association (NOIA), issued the following statement after the inauguration of Joseph Biden as the 46th President of the United States of America:“The National Ocean Industries…