The Louisiana Offshore Oil Port (LOOP), the largest U.S. privately owned deepwater crude terminal, said on Friday it made no deliveries of sour crude from storage last month, following two storms that hit the U.S. Gulf Coast.The facility closed on August 28 ahead of Hurricane Ida…
The sentencing in a London court of British oil services group Petrofac over charges that it failed to prevent bribery in Iraq, Saudi Arabia, and the UAE has been postponed to Monday, a court spokesperson said in an email.Petrofac had said it…
Brazilian oil and gas company Petrobras has confirmed it has received bids for its Albacora and Albacora Leste offshore fields which could 'exceed US$4 billion for both fields.'Petrobras said that binding offers were submitted by the consortia…
Oilfield services firm Baker Hughes and Norway's Akastor have completed the previously proposed merger of Baker Hughes’ Subsea Drilling Systems (SDS) business with Akastor’s subsidiary, MHWirth AS (MHWirth).MHWirth provides advanced drilling solutions and services…
Japanese subsea cable laying firm Kokusai Cable Ship (KCS) and the shipping giant Mitsui O.S.K. Lines (MOL) have signed an agreement to collaborate on the operation of cable-laying ships to meet the increasing demand for the installation of power cables…
Macquarie's Green Investment Group (GIG) has acquired the rights for the Kattegatt offshore wind farm in Sweden from Agrivind ABLocated off the coast of the Falkenberg municipality in the region of Halland, Kattegatt is the latest addition to GIG’s c…
Oil fell below $78 a barrel on Friday on the prospect that OPEC+ producers might step up a planned increase in output to ease supply concerns, although crude remained in sight of a three-year high reached this week.The Organization of the Petroleum Exporting Countries (OPEC) and allies…
Oilfield services company Archer has appointed Jan Erik Klepsland as director. He will replace Kristian Melhuus, who has resigned resign as director of the Archer board. 'The board would like to thank Mr. Melhuus for his substantial contribution to Archer over the past years…
Dutch marine and offshore services company Van Oord has ordered a new offshore wind turbine installation vessel that will be able to install next-generation wind turbines of up to 20MW. The vessel will be built by Yantai CIMC Raffles Shipyard in China…
Offshore installation giant Subsea 7 has informed that the merger between its offshore wind subsidiary Seaway 7 and offshore and heavy lift vessel owner OHT has been completed.Subsequent to the combination, first proposed in July 2021, OHT ASA will be re-named Seaway 7 ASA…
Hurricane Ida's extensive and unexpectedly lingering disruption to output in the Gulf of Mexico has been the single most important factor contributing to the surge in oil prices over the last month.Damage to offshore installations has cut cumulative…
INEOS Energy has completed the $615 million sale of its oil and gas business in Norway to Poland's PGNiG.The deal, first announced in March 2021, includes all INEOS Oil & Gas interests in production, licenses, fields, facilities, and pipelines…
The U.S. Bureau of Ocean Energy Management (BOEM) will hold an oil and gas lease sale for the Gulf of Mexico on November 17, complying with a U.S. District Court order.To remind, the Biden administration had paused all oil and gas leasing activities on federal lands and waters in January…
UK-based offshore wind vessel operator North Star Renewables has ordered two hybrid-powered daughter craft from Great Yarmouth based-marine and engineering specialist Alicat.Once built, the vessels are destined for the Dogger Bank wind farm…
Oil and gas company Rockhopper Exploration on Thursday affirmed its intention to press ahead with the development of the Sea Lion offshore oil field in the Falkland Islands, a week after its partner decided to pull out.Rockhopper Exploration…