Spanish oil company Repsol is set to sell its oil and gas exploration and production assets in Malaysia and in Block 46 CN in Vietnam to Malaysia-based Hibiscus Petroleum for an undisclosed fee.Repsol said that the sale of its upstream assets…
Norwegian robotics company Kongsberg Ferrotech has joined forces with Equinor, SINTEF, and Gassco to develop 3D printing technologies for subsea equipment repair and maintenance.The company has already developed a subsea robotic system, Nautilus…
Offshore wind developersØrsted and Eversource have agreed to charter Dominion Energy's Charybdis, the first Jones Act-compliant offshore wind turbine installation vessel in the United States, for the construction of two offshore wind farms in the Northeast…
Low-carbon infrastructure developer Cerulean Winds said on Tuesday it has submitted plans to develop a floating wind turbine project in the British North Sea.An application for a lease for the 10 billion pound ($14 billion) project has been submitted to Marine Scotland…
Subsea Integration Alliance, a joint venture between Subsea 7 and Schlumberger's OneSubsea, is anticipating final confirmation of a major contract award by Equinor 'in the near future,' Subsea 7 said Tuesday.Subsea 7 defines a major contract…
Ambitions for offshore wind are ramping up across the globe. Final investment decisions hit an all-time high last year, a record number of new alliances were formed and markets including the EU, China, Japan, and South Korea committed to new or more ambitious climate targets…
Floatel International, an offshore accommodation services provider, has won a contract for one of its accommodation rigs in the Asia Pacific region.Floatel, which said Tuesday that the contract was for the Floatel Triumph accommodation rig, did not disclose the identity of the client…
Russian oil and gas firm Sakhalin Energy has started its annual preventive maintenance campaign at Piltun-Astokhskoye-B (PA-B), the largest oil and gas production platform of the Sakhalin-2 project in the Russian far east.With the topsides installed on the base structure…
The startup of Equinor's Johan Castberg oilfield in the Arctic Barents Sea will be delayed by one year until the fourth quarter of 2023 due to technical problems, denting its value, Norway's oil and gas safety watchdog said on Tuesday.The Petroleum…
Norwegian oil company OKEA has with partners Petoro and Neptune Energy decided to develop the Hasselmus offshore gas discovery in the Norwegian Sea as a tie-back to the Draugen platform.The Hasselmus gas discovery is located on the western edge of the Trøndelag platform in the Norwegian Sea…
Oil prices rose on Tuesday, with Brent topping $70 and trading at its highest since March, as optimism grew over the fuel demand outlook during the summer driving season of the United States, the world's top oil consumer.Prices were also boosted…
Norwegian oil and gas company Equnior has made a final investment decision for the development of the Bacalhau field offshore Brazil.The development of the field located in the Santos Basin will cost around $8 billion. Arne Sigve Nylund, Equinor’s executive vice president for Projects…
Naga 7, a jack-up drilling rig that sank earlier in May while gearing up to start drilling for ConocoPhillips off Malaysia, remains sunken at the location, Velesto, the owner said Monday, adding that it has sent a notice of abandonment to the insurers…
The use of renewable energy in the Netherlands increased by almost a fifth last year but still fell short of European standards, the Dutch national statistics office said on Monday.Solar, wind, biomass and other sustainable sources together delivered 11…
The Danish Energy Agency has approved the plan for the development of the Thor offshore wind farm, at a site west of Thorsminde.Also, as a result of the site evaluations, the Danish Energy Agency has reduced the size of the wind farm site from 440 km2 to 286 km2…