Stavanger-based oil firm Wellesley Petroleum on Monday said it would swap certain oil and gas assets offshore Norway with the Norwegian energy giant Equinor. Equinor will take a 40% participating interest in licenses PL090 JS, PL248 I and PL925…
Law firm HFW said Tuesday it had advised Chinese shipbuilder Shanghai Shipyard on a UK Court of Appeal win relating to a US$170 million payment under a shipbuilding contract for an offshore drillship.The Court of Appeal overturned an April 2020…
Oil and gas producer Wintershall Dea, which has a 70% gas portfolio, on Tuesday said Europe needed multi-sourced gas to support decarbonization away from coal and to create a platform for future hydrogen production from carbon-free energy.Wintershall…
UK Export Finance (UKEF), the UK's export credit agency and a government department, said Tuesday it had helped Scottish firm First Subsea land multi-million-pound export opportunities with offshore wind farms overseas. 'First Subsea Ltd, a…
SBM Offshore, one of the world's largest FPSO leasing firms in the oil and gas sector, has, via a joint venture, moved a step closer towards securing rights for a floating wind farm project in the Celtic Sea, off the coast of Wales in the UK…
Wintershall Dea posted strong second-quarter 2021 earnings as it benefited from firmer oil prices and reduced spending, its earnings report showed on Tuesday.The company, owned jointly by BASF and Russia's LetterOne, posted earnings before interest…
Indian oil and gas explorer ONGC said Monday it had, together with Coast Guard, helped avert a possible disaster relating to an empty LPG Tanker ‘Gas Yodla’ which went adrift after engine failure in the Arabian Sea on July 24, 2021. 'At 6:35 PM on that day…
The UK oil and gas regulator Oil and Gas Authority (OGA) on Monday fined BP with a £50,000 (around $69,100) fine and served it with a Sanction Notice for breaching a license condition by failing to report the progress and results of two extended well tests at the Vorlich offshore field…
Singapore's offshore platform constructor Sembcorp Marine has completed the fabrication of two wellhead topsides, one riser topside, and two bridges for deployment at TotalEnergies’ Tyra field redevelopment in the Danish North Sea.The topsides…
Oil major Shell has reached a final investment decision for its Whale deepwater field development in the U.S. Gulf of Mexico.Discovered in 2017, Whale will feature a semi-submersible production host in more than 8,600 feet (2621 meters) of water with 15 oil-producing wells…
Renewable energy firm RWE has signed an agreement with Danish software company Systematic to deploy an innovative information management tool across its global fleet of offshore wind farms.Systematic will supply its marine management tool, called SITE…
French energy firm TotalEnergies has via Lampiris, its energy supply affiliate in Belgium, signed a Corporate Power Purchase Agreement with Air Liquide. TotalEnergies will supply 50 GWh per year of renewable electricity over a period of 15 years…
Malaysia-based energy industry services firm T7 Global has won a contract for the provision of mini-ROV subsea services for Pioneer Pegasus.T7's subsidiary Tanjung Offshore Services seacured the contract for remotely operated vehicle services earlier this month…
Portuguese oil and gas company Galp Energia swung to a net profit in the second quarter thanks to higher crude prices and refining margins, but cautioned on the continued impact of the COVID-19 pandemic.In a statement accompanying the figures…
Norwegian energy firm Equinor is expected to spud the Egyptian Vulture exploration well in the Norwegian Sea in late August, using Seadrill's West Hercules semi-submersible drilling rig.This is according to Longboat Energy, Equinor's partner in the project…