ST Engineering Halter Marine and Offshore has installed a 215 mt NOV passive heave compensator on Diamond Offshore’s Ocean BlackLion drillship and upgraded its Ballast Water Treatment System.The Ocean BlackLion drillship arrived in ST Engineering…
Italian shipbuilding firm Fincantieri, and its compatriot energy services company Saipem have signed an agreement to promote the development of deep-seabed mining (DSM), i.e. the sustainable exploitation of deep-sea floors over 3,000 meters in depth…
BP cut its dividend for the first time in a decade after a record $6.7 billion second quarter loss when the coronavirus crisis hammered fuel demand and it sought to win over investors by speeding up its reinvention as a lower carbon company…
Australian offshore oil and gas safety regulator NOPSEMA has accepted Shell's offshore project proposal for the development of the Crux gas field in the Browse Basin, off the north coast of Western Australia.Consisting of a normally unmanned platform and five production wells…
Dutch offshore services provider Fugro said Tuesday it had delivered 'the first fully remote inspection of an oil and gas platform in UK waters.'The operation took place 250 km east of Scotland, using a remotely operated vehicle (ROV) and Fugro’s remote operations center (ROC) in Aberdeen…
AFRY has been awarded engineering services assignment for Tra Vinh Offshore Wind Farm, a 48 MW wind farm project located in Tra Vinh Province, Vietnam. The project is owned by Truong Thanh Tra Vinh Wind Power JSC, an affiliated company of Thailand's Sermsang Power Corporation (SSP)…
Pharos Energy, and oil and gas company formerly known as Soco International, has been granted a two-year license extension for the TGT offshore field license in Vietnam.The company said Tuesday the license had been formally granted to the Joint…
Energy group BP will increase its low-carbon spending to $5 billion a year by 2030 and boost its renewable power generation to 50 gigawatts (GW) while shrinking oil and gas output by 40% compared with 2019, it said on Tuesday.The portfolio it plans to build would include renewables…
Neptune Energy has said it has made the largest oil discovery in Norway so far this year at its Dugong well in the North Sea.After announcing preliminary results in July, the company on Tuesday confirmed the commercial discovery of oil at the Dugong well (PL882)…
BP has chartered Solstad Offshore's three offshore support vessels to support its Ironbark drilling campaign in Australia.Norway's based offshore vessel owner Solstad Offshore said Monday that BP had awarded contracts for two anchor handling tug and supply vessels Normand Saracen and Far Senator…
Oil prices fell on Monday on fears about the economic fallout from rising COVID-19 cases around the globe and on oversupply worries as OPEC and its allies are set to wind back output cuts in August.Brent crude fell 18 cents, or 0.4%, to $43…
Former Guyanese housing minister Irfaan Ali was sworn in as president of the newly oil-producing South American country on Sunday, after he was declared winner of a disputed March 2 election following a recount.Preliminary recount data released in June showed Ali…
Jack-up drilling rig owner Borr Drilling has signed agreements that should secure work for three of its drilling rigs. The Oslo-listed company said Monday it had entered into a contract and LOIs for three of its currently warm stacked rigs, adding USD 21 million to the total backlog…
HitecVision-backed NEO Energy has completed the previously announced acquisition of a package of Total's assets in the UK North Sea.The transaction consists of four producing areas of the UK North Sea, with an average 2019 production of approximately 23…
Indonesia announced over the weekend that it had made revisions to a 2017 law that will give oil and gas investors more flexibility when choosing their contract options for exploration.The revisions, which came into effect on July 16, allow…