Norwegian offshore wind services firm Aker Offshore Wind has increased its stake in Principle Power, a company developing foundations for floating wind farms.Aker Offshore Wind's stake in Principle Power will grow from around 20 percent to an expected 39 percent…
Nigeria's House of Representatives will pass a long-delayed oil reform bill within six months, its speaker said on Tuesday, potentially paving the way for an overhaul of laws governing the country's oil and gas industry.The reforms have been…
Norwegian oil major Equinor said on Wednesday it will raise the output capacity at its Johan Sverdrup field by 30,000 barrels per day (bpd) to 500,000 bpd by the end of 2020, and plans a further increase next year.Sverdrup, the largest producing field in the North Sea…
Italian power cable company Prysmian has won a contract to provide export cables for RWE Renewable’s largest offshore wind project, 1.4 gigawatt (GW) Sofia offshore wind farm, in the UK North Sea.Prysmian will provide a turn-key high voltage subsea and land export cable connection…
Suriname's Staatsolie has offered eight offshore exploration blocks in the shallow waters off the coast of South America's smaller country up for bidding.Staatsolie, the national oil company of Suriname, said the blocks, covering around 13,524 km2…
Bureau of Ocean Energy Management (BOEM), a Department of Interior agency responsible for the management of offshore energy leases, has picked March 2021 for the first U.S. Gulf of Mexico lease sale next year.BOEM will offer 78.2 million acres for a region-wide Gulf of Mexico lease sale…
Ocean energy technology developer Ocean Power Technologies (OPT) has received a DeepStar project award to study the use of its PB3 PowerBuoy to provide remotely controllable zero-carbon power for deepwater subsea oil production applications…
Oil firm Equinor expects global oil demand to peak by around 2027-2028, two-free years earlier than the company previously saw, as a result of the COVID-19 pandemic, it said on Tuesday.There is no agreement on when oil demand could peak, but…
French seismic data company CGG has been awarded two large-scale complex seismic reprocessing contracts by the Thai national oil company PTTEP.CGG said PTTEP was investing in the rejuvenation of pre-existing data sets from two regions offshore Malaysia…
SBM Offshore, a Dutch FPSO specialist, has informed that the topside integration phase has kicked off in Singapore on the Liza Unity FPSO. Once completed the FPSO will be deployed at ExxonMobil's Stabroek offshore block in Guyana, and will be Guyana's second FPSO in production…
The Organization of Petroleum Exporting Countries and allies started meetings on Monday that will look at further action to support the oil market in 2021, as the second wave of coronavirus weighs on demand and prices.OPEC and allies led by Russia…
Norwegian offshore energy services firm Aker Solutions, which last week merged with Kvaerner, on Monday launched a campaign aimed at speeding up 'the transition to sustainable energy production.'The company, which has 15,000 employees around the world…
Malaysia's Sapura Energy has, via its engineering & construction and drilling subsidiaries, recently won contracts worth RM611 million (around 148,4 million).Sapura Energy Berhad (“Sapura Energy' or the “Company”) is pleased to announce that…
Dutch-based Fugro and Japan's NYK Group have signed a memorandum of understanding to provide offshore geotechnical services in Japan.The two companies will also collaborate on a feasibility study into jointly operating a specialist investigation vessel for renewables projects…
Chinese shipbuilder Cosco Dalian has completed the construction of the Carioca MV30 FPSO for Japan's Modec.The 332 meters long Carioca FPSO - converted from Flandre VLCC - will be deployed at the Sépia field operated by Petrobras, located in…
