Oilfield services giant TechnipFMC has secured an additional contract and received notice to proceed from ExxonMobil for its Yellowtail development in the Stabroek Block offshore Guyana.The newly announced, 'significant' flexibles contract covers…
Liquefied natural gas (LNG) tanker Arctic Voyager is set to arrive at Norway's Hammerfest terminal on May 9, Refinitiv Eikon data showed on Monday, ahead of a planned restart of gas production the following week.Europe's only large-scale LNG plant…
Oil major BP BP.L expects to double crude output from its Thunder Horse project in the U.S. Gulf of Mexico and inaugurate its latest production platform by the end of this year, a company executive said on Monday.The company, which is betting on 'lower-carbon…
American Bureau of Shipping (ABS) has granted Approval in Principle (AIP) for a design for a wind turbine installation vessel (WTIV) for China Ocean Shipping Company Limited (COSCO) by Friede and Goldman (F&G).According to ABS, the design is…
The first floating wind turbine for Equinor's 88MW Hywind Tampen floating wind farm in Noway was assembled last week at Wergeland Group's base in Norway, Wergeland shared via social media.Equinor’s Hywind Tampen will be the world’s largest floating offshore wind farm once completed later this year…
U.S. Gulf of Mexico focused oil and gas company W&T Offshore has signed a Memorandum of Understanding (“MOU”) with Korea National Oil Corporation (“KNOC”) to jointly consider and pursue various opportunities in upstream oil and gas as well as…
Oil and gas production has started from FPSO Guanabara offshore Brazil, the first definitive production system installed in the Petrobras-operated Mero field, in the Santos Basin pre-salt. Three more FPSOs are planned for deployment at the Mero field…
Wind turbine maker Vestas posted a deep first-quarter loss and slashed its 2022 margin forecast due to the war in Ukraine and writedowns in its offshore business, reflecting an industry-wide struggle to turn a profit despite record demand.Focus…
Australian offshore vessel owner MMA Offshore has agreed to sell its shipyard facility in Batam, Indonesia to Wasco Engineering Group.Wasco will pay $15 million for the shipyard facility. The transaction is expected to complete by December 30…
Australian oil and gas company Carnarvon Energy said the recent Pavo-1 oil discovery it made with operator Santos offshore W. Australia was a 'stellar exploration success.'The company has completed its Pavo resource assessment and said that…
All the necessary approvals have been granted for the proposed merger between the Norwegian oil firm Aker BP and Sweden-based Lundin Energy's oil and exploration and production business. Aker BP said in December 2021 it had agreed to acquire Lundin Energy's oil and gas business…
The U.S. Coast Guard medevaced an injured crewmember from a dive support vessel about 17 miles south of Pecan Island, Louisiana, on Friday evening.Coast Guard Sector New Orleans watchstanders were notified at 8:15 p.m. Friday that a male crewmember in his 30s…
Belgian offshore installation contractor DEME said Saturday that the 'revolutionary' offshore installation vessel Orion officially joined its fleet.This next-generation vessel is equipped with a powerful 5,000-tonne crane and is designed to handle the massive turbines and foundations of the future…
Business minister Kwasi Kwarteng has written to the North Sea oil and gas industry asking it to set out a clear plan to reinvest its profits into British energy projects, his department said on Saturday.Energy prices have hit record highs this…
Offshore installation services firm Subsea 7 said Friday it had won a substantial contract in West Africa.Subsea 7 defines a substantial contract as being between $150 to $300 million.In a brief statement in which it didn't reveal much, Subsea 7 said the contract was for the engineering…