Tullow Oil's $1.8 billion bond, which was launched to help it manage a $2.4 billion debt pile, drew more interest from investors than expected after the Africa-focused producer's financial overhaul, the chief executive said on Friday.Rahul Dhir…
Oil major Shell has this week sent an environmental impact statement for the development of its Jackdaw field in the North Sea to the UK Government.The Jackdaw is an ultra-high pressure/high-temperature gas condensate field in the Central North Sea…
Norwegian offshore vessel operator Island Offshore, mostly known for its offshore vessel services in the Norwegian oil and gas industry, has recently won a walk-to-work contract with Vattenfall in the offshore wind sector in Germany.Island Offshore…
Polish gas transmission system firm Gaz-System said Thursday that preparations were underway for the pipelaying work to begin on the Baltic Pipe project, designed to ship gas through a Baltic Sea pipeline from the Norwegian part of the North Sea to Denmark and Poland…
Ulstein-built Nexans Aurora cable layer has this week started sea trials, the Norwegian shipbuilder has informed.The 149.9 m long and 31 m wide vessel, to be delivered to offshore cable maker Nexans, will be working in the offshore wind sector market…
Indian oil and gas company ONGC has chartered a jack-up drilling rig from the Indian offshore drilling contractor Jindal Drilling & Industries.Jindal said this week that the ONGC had sent a letter of award for the charter hire of the jack-up drilling unit Jindal Explorer…
Canadian oil company Suncor, and Swiss-based offshore drilling contractor Transocean have been fined by the Canada-Newfoundland and Labrador Offshore Petroleum Board for an unauthorized discharge of drilling fluids from Transocean's offshore rig in Canada in 2018…
Rocsole, a Finland-based developer of offshore pipeline inspection technology, has received an Offshore Technology Conference (OTC) Spotlight on New Technology award for a system that inspects pipelines while allowing production to continue without interruption…
BP Midstream Partners LP (BPMP.N) offshore pipeline volumes increased by 12% in the first financial quarter, but onshore oil and refined products pipeline demand lagged, company executives said on Thursday.Overall, the amount of crude oil and…
Poland's biggest power group PGE and Denmark's Orsted have finalized a deal to jointly develop two offshore wind projects in the Baltic Sea, PGE said on Thursday.Under the terms of the deal, Orsted bought 50% in each of two PGE units developing two offshore projects totalling 2…
Denmark-based Enelift, a lifting solutions provider for the energy industry until recently known as Global Offshore, on Thursday announced expansion plans that will see the company invest 'a seven-figure sum' into its operations and establish new support hubs in Houston…
Sharp Reflections, an offshore seismic data analysis solutions company, has announced a software update to its PreStack Pro software.According to the company, the 6.2 update, developed in partnership with Equinor focuses on expanding the software’s capabilities within the 4D domain…
Irish companies Mincon Group plc and Subsea Micropiles along with research centers at the University of Limerick and University College of Dublin are working on a low-cost, environmentally 'sympathetic' micropiling technology aimed at the offshore wind industry…
BW Energy, an Oslo-listed oil firm, said Thursday that the drilling of the Hibiscus Extension appraisal well DHIBM-2 in the Dussafu Marin license in Gabon had fallen short of expectations, hitting water instead of oil.'The primary objective…
South Korean shipbuilder Hyundai Heavy Industries Co Ltd applied for preliminary approval for an initial public offering, Korea Exchange said on Thursday.The company, currently wholly owned by Korea Shipbuilding & Offshore Engineering, was separated from Korea Shipbuilding in 2019…