Italy's Eni and Norway's HitecVision completed the sale of a 5% stake in Norwegian oil firm Vår Energi worth $530 million, the Italian energy group said on Thursday.Vår Energi, whose shares dropped 9% in morning trade, listed in February and…
Norway's OSM Offshore AS won a contract with Equinor to upgrade and modify the Heidrun B Floating Storage Unit (FSU).The Heidrun B vessel unit is operating at the Heidrun field at the Halten bank in the Norwegian Sea. The FSU was delivered from…
Subsea services company DeepOcean has chartered Volstad Maritime's M/S Volantis subsea construction vessel, which will, before starting the charter in 2023, be upgraded with batteries to reduce fuel consumption and emissions.The time charter…
ABB and Wison Offshore & Marine (WOM) have recently signed a memorandum of understanding to collaborate on floating liquefied natural gas (FLNG) projects.'FLNG facilities make the production, liquefaction, and storage of natural gas possible at sea…
Oslo-listed offshore accommodation rig provider Floatel International has won a contract extension for one of its units with Equinor in Brazil.Equinor has extended the contract for the Floatel Victory semi-submersible accommodation unit. The…
Workers on Shell Plc's Prelude floating liquefied natural gas (FLNG) facility off Western Australia are set to begin 12 days of industrial action on Friday over a pay fight, a union alliance said on Thursday.Shell did not comment on what impact…
UK-based offshore drilling company Awilco Drilling has completed the sale of its WilPhoenix semi-submersible drilling rig to P&A specialist to Well-Safe Solutions.The proposed sale was first announced early in May, when Oslo-listed Awilco Drilling said the rig would be sold for $15…
DEME Offshore's recently delivered flagship offshore installation vessel Orion has installed the first monopile at Arcadis Ost 1 offshore wind farm site in the German Baltic Sea to the northeast of Rügen island. Arcadis Ost 1 is a 257 MW offshore wind project developed by Parkwind…
Perenco Trinidad & Tobago said this week it had held the ground-breaking ceremony for the 'Macarius Power,' , the first platform to be installed in the Teak, Samaan & Poui (TSP) fields since the 1980s.Perenco T&T and its local partners launched…
The Bureau of Ocean Energy Management (BOEM) and the National Oceanic and Atmospheric Administration’s (NOAA) Stellwagen Bank National Marine Sanctuary on Wednesday announced the successful digital acoustic tagging of 14 sei whales in waters offshore Massachusetts…
Oil tanker operator International Seaways has sold its 50% stake in two floating storage and offshore (FSO) vessels, the FSO Asia and FSO Africa, to its joint venture partner Euronav NV. The purchase price values the two FSO vessels at $300 million in total…
Colombia's leftist firebrand presidential candidate Gustavo Petro is too close in recent polls for the comfort of oil companies and miners who worry that his promised policies would imperil Colombia's economy and energy self-sufficiency, high-ranking industry figures and business associations said…
In what has been described as the world's first, DEME Offshore has installed special collars around the monopile foundations at the seabed level, at RWE's Kaskasi wind farm, offshore Germany. The ‘collared monopile’ is a design based on a RWE patent…
UK North Sea-focused oil and gas company Tailwind said earlier this week that successful well intervention had been completed at the Dana-operated Bittern Field.The Bittern field produces oil via the Triton FPSO, located in block 21/30, approximately 120 miles east of Aberdeen…
Fairfield Energy on Wednesday announced the end of an era with the removal of the topsides from Dunlin Alpha platform in the UK North Sea, the latest milestone in the decommissioning of the four fields which make up the Greater Dunlin Area.Following…