Japanese offshore services company MODEC has secured a contract to supply a SOFEC internal turret mooring system for the Coral Norte floating liquefied natural gas (FLNG) project offshore Mozambique, being developed by Eni and its partners.MODEC…
Yinson Production has held a naming ceremony for the floating storage and offloading (FSO) unit PTSC Lac Da Vang ahead of the vessel's deployment to the Lac Da Vang oil project offshore Vietnam.The FSO vessel has been contracted to Murphy Cuu Long Bac Oil…
Italian energy services company Saipem has signed a binding agreement to sell its shallow-water drilling business in Saudi Arabia to ADES Saudi Limited Company for $285 million, as it seeks to focus on deepwater and harsh-environment offshore drilling…
French oil major TotalEnergies needs to prioritise the building of pipelines that could export oil and gas from the Middle East without ships going through the Strait of Hormuz, CEO Patrick Pouyanne said at an energy conference in Paris on Tuesday…
Oilfield services company TechnipFMC has secured a significant contract from Azule Energy to supply flexible flowlines and risers for the Greater PAJ development offshore Angola, further strengthening its position in one of the world's most active deepwater regions…
A new engineering design and commercial advisory company focused on offshore wind, subsea transmission and marine infrastructure projects has launched in Ireland under the name of Insight Marine, targeting growing demand for specialist support across the global maritime sector…
The Norwegian Offshore Directorate (NOD) has granted Equinor a drilling permit for a wildcat well in the North Sea.The permit is wellbore 16/4-14 in production license 1174 S.The license is operated by Equinor with 80% stake, with partner Petoro holding the remaining 20% working interest…
Equinor and its partners have approved a new subsea gas development at the Troll field in the Norwegian North Sea, investing just over $410 million (NOK 4 billion) in a project aimed at increasing gas production and supporting exports to Europe…
Partners in the Balder field, Vår Energi and Kistos Energy, have taken a final investment decision (FID) on the Balder Next New Wells project in the Norwegian North Sea, which entails a seven-well tieback to the Jotun floating production, storage and offloading vessel (FPSO)…
The Trump administration on Wednesday said it would pay $765 million to power project developer Invenergy to terminate four wind leases off the coasts of New York, California and Maine.The Department of the Interior said in a statement that…
Norwegian oil and gas group Equinor has further scaled back its renewable energy ambitions, dropping a 2030 installed capacity target and cutting back on investment, it said in a strategy update on Tuesday.The change reflects a wider industry trend…
Hungary's MOL Group and its joint venture partners Repsol and Türkiye Petrolleri A.O. (TPAO) have signed a production sharing agreement for a deepwater offshore exploration block in Libya's Mediterranean waters, advancing plans for oil and gas exploration in the North African country…
Scottish floating wind technology developer Encomara has received Product Design Assessment (PDA) approval from the American Bureau of Shipping (ABS) for its Squid floating offshore wind installation system, marking a key certification milestone…
THREE60 Energy has been awarded a new long-term project support agreement by Vår Energi, extending a longstanding relationship between the two companies in Norway.The agreement has an initial term of four years and includes options for extension…
Greece has approved Chevron's request to take over a 70% stake from Greece's Helleniq Energy in an offshore block southwest of Greece, the Greek energy ministry said on Monday, in a move that further expands the U.S. oil major's presence in the Mediterranean…