Steerprop, a designer and manufacturer of high-performance propulsion systems, has won a major order to supply the complete propulsion package for Maersk Supply Service's recently ordered Wind Installation Vessel (WIV). Singapore-based Sembcorp Marine Ltd…
While floating wind farms are seen as the next big thing in the renewable energy industry as they can be installed further from shore where the winds are stronger, oceanographers from the UK's Bangor University are calling for new research to…
Energy industry services company Hunting PLC has won a contract to provide titanium stress joints through multiple EPC Contractors for Beacon Offshore Energy’s Shenandoah development in the Gulf of Mexico.Hunting will provide (2) 10.75” Titanium Grade 29 Stress Joints utilized for Production…
Norwegian oil and gas company Equinor has exercised an option to extend the contract for Solstad Offshore's Normand Ferking AHTS vessel for one more year to November 2023.Equinor has the option to extend the contract for a further one year after the expiration of the current contract…
Norwegian oil and gas company Vår Energi said Monday it had acquired 30% ownership in production licenses (PL) 820S and 820 SB north of the Balder field in the North Sea from Lime Petroleum, Pandion Energy, and Lundin Energy Norway AS (now Aker BP)…
Brazilian oil company Petrobras said Monday it had ordered an FPSO from Keppel Shipyard, for deployment at the Búzios offshore oil field in Brazil.The FPSO, named P-80 will be the ninth unit to be installed in the field, and, according to Petrobras…
At an industry event this year in Riyadh, the Saudi energy minister paused at about 9 p.m. in front of some 1,000 people and told them it was bedtime for Amin Nasser, the chief executive of state-owned producer Saudi Aramco.He was not joking…
State oil giant Saudi Aramco on Sunday reported its highest quarterly profit since the company went public in 2019, boosted by higher oil prices and refining margins.Aramco joins oil majors such as Exxon Mobil Corp and BP that have reported…
Beach Energy Ltd is shoring up its war chest for acquisitions in Australia and New Zealand, Chief Executive Officer Morne Engelbrecht said on Monday, after reporting a weaker-than-expected annual profit and production outlook.Shares in gas and oil producer Beach…
A damaged oil pipeline component that disrupted output at several offshore U.S. Gulf of Mexico platforms was repaired late Friday, a Louisiana official said, with producers moving to reactivate some of the halted production.A failed flange connecting…
Asia Pacific-focused oil and gas company Jadestone has decided to shut production from its Montara field FPSO in the Timor Sea, off Australia, to allow for repairs on a tank that leaked oil back in June through a 30-millimeter crack.While the…
Nigeria's state-owned oil firm NNPC Ltd on Friday renewed oil production sharing agreements with international majors and local firms for five deepwater blocks that officials said could produce up to 10 billion barrels over the next 20 years…
Crews were expected to replace a damaged oil pipeline piece by the end of the day on Friday, a Louisiana port official said, allowing for the resumption of production at seven offshore U.S. Gulf of Mexico oil platforms.A failed flange connecting…
Malaysian offshore services company Sapura Energy has completed the sale of its pipe-laying and crane vessel Sapura 3000 for $71.5 million to Safeen Feeder Company – Sole Proprietorship LLC, a company in the Abu Dhabi Ports Group of Companies…
Abu Dhabi National Oil Company (ADNOC) on Thursday awarded a $1.17 billion (AED4.3 billion) contract to ADNOC Logistics & Services (ADNOC L&S) for the hire of 13 self-propelled jack-up barges.ADNOC said the jack-ups would help it drive offshore…