Golar LNG agreed to acquire New Fortress Energy's (NFE) ownership stake in FLNG Hilli in exchange for Golar's remaining 4.1 million shares in NFE and $100 million in cash.Golar will also take over approximately $323 million in debt obligations linked to Hilli…
BW Ideol, a company building concrete foundation for floating wind industry, said Monday that its 5-year-old Floatgen demonstrator continued strong operations, showing a capacity factor of nearly 60% over the last three months and a production of 25GWh since its 2018 commissioning…
Trinidad and Tobago's energy minister met Venezuelan officials on Monday, according to Venezuela's state media, the first high-level visit since the United States last month greenlighted the joint development of a key offshore gas project. The…
Brazilian President Luiz Inacio Lula da Silva said on Monday his government would promote recovery in the country's shipbuilding and oil and gas sectors, with more investment from state-run oil firm Petrobras SA and development bank BNDES. 'Petrobras…
BP on Tuesday reported a record profit of $28 billion for 2022, lifted by the surge in energy prices since Russia's invasion of Ukraine, while boosting its dividend in a sign of confidence as it scaled back plans to reduce oil and gas output by 2030…
Norwegian energy firm Equinor and its UK partner SSE Renewables have started early scoping work to explore options for developing a fourth phase, Dogger Bank D, of what will be the world’s largest offshore wind farm.Equinor and SSE Renewables each own 50% of the proposed Dogger Bank D development…
The Norwegian company BOA OCV said Monday it had agreed to sell the subsea construction vessel BOA Sub C. The company did not say who the buyer was or what the vessel's sale price was.'After completion of closing, BOA OCV expects, over one or several sweeps over the next three months…
Sif, a Dutch manufacturer of monopiles and transition pieces (TP) for offshore wind turbines, said it would produce 14 jacket piles for the BorWin5 offshore grid connection project on behalf of Dragados Offshore. Dragados Offshore, in consortium with Siemens…
Denmark has awarded its first licenses to capture and store carbon in the North Sea to Wintershall Dea, INEOS Energy and TotalEnergies, the country's climate and energy ministry said on Monday. Denmark has set a target of reaching net zero carbon…
The Service Operation Vessel (SOV) “Windea Leibniz” on Saturday completed an extensive upgrade at Ulstein Shipyard in Norway. The vessel is managed by Bernhard Schulte Shipmanagement (BSM).'With an increase of cabins from 60 to over 80, the…
Trinidad and Tobago's Prime Minister Keith Rowley on Friday told Parliament his government had been in touch with Venezuela following U.S. license to jointly develop a key gas field, and the first meetings to begin negotiations have been set up…
Iran signed a $900 million contract on Saturday with Iranian Offshore Engineering and Construction Co (IOEC) to develop the first phase of its Kish offshore gas field in the Gulf, state television reported. Under the contract, IOEC is to launch…
Norwegian offshore seismic data acquisition and processing firm TGS said Monday it had signed a memorandum of understanding to carry out a proprietary 4D OBN survey in Walker Ridge canyon in the U.S. Gulf of Mexico. The survey is planned to start in the third quarter of 2023…
Woodside Energy Group and its partners on Monday formally committed to working rapidly to pick the best option for developing the Greater Sunrise natural gas field, factoring in for the first time the potential benefits for East Timor. The Sunrise Joint Venture…
Veritas Capital has completed the acquisition of energy industry intelligence company Wood Mackenzie from Verisk.The acquired company will be led by Mark Brinin, who has been promoted from Co-President to Chief Executive Officer. Joe Levesque…