Dajin Heavy Industry, via its subsidiary Tangshan Dajin Offshore Engineering, has signed a contract with a Dutch shipowner Jumbo Maritime to build two next-generation multi-purpose heavy-lift vessels.The contract is valued at approximately $156 million and covers the design…
Karoon Energy has restarted production from the Baúna project offshore Brazil following a planned 28-day shutdown tied to maintenance and revitalization work on the floating production, storage and offloading (FPSO) unit.The company said production has ramped up to approximately 11…
Well-Safe Solutions has secured its first contract to provide full well operatorship and asset execution services for an unnamed client in the UK North Sea.The contract expands the company’s service offering into integrated well lifecycle services…
Petronas has confirmed that an incident occurred during lifeboat maintenance work at the Sepat floating, storage and offloading (FSO) unit offshore Malaysia, resulting in three fatalities and one injury.The incident occurred at approximately 12:50 p…
QatarEnergy has notified one of its biggest European customers that it will cancel five additional LNG cargoes, extending force majeure from early July until mid-August, Italian utility Edison said on Monday.Edison holds a long-term contract with QatarEnergy for the supply of 6…
A union group said on Tuesday it had pulled strike action at Inpex's Ichthys liquefied natural gas facility in Darwin planned for Wednesday and Thursday due to progress made in bargaining. The Offshore Alliance, made up of the Australian Workers Union and Maritime Union of Australia…
Eni and its partners Petroci and Vitol have approved the final investment decision (FID) for the Baleine Phase 3 project offshore Côte d’Ivoire, advancing development of what the company described as the country’s largest hydrocarbon discovery…
Australia's Santos will prioritise LNG and oil growth in three core regions, including Alaska and Papua New Guinea, under a new strategy that also includes reducing net debt by $2.5 billion by 2030.'We are now laser-focused on investment in major oil and LNG production across three regions…
Brent crude futures rose more than 2% on Tuesday after the U.S. military carried out strikes in Iran, keeping markets on edge as a deal to end the war and open up the Strait of Hormuz remained elusive.Brent futures LCOc1 were up $2.36, or 2…
Unity has secured more than $8 million (£6 million) in new contracts, including a multi-million-dollar North Sea well decommissioning project, as the Aberdeen-based well integrity specialist expands internationally.The company said the North…
Denmark has received bids for two offshore wind areas in the North Sea and Kattegat designated for at least 1.8 GW of offshore wind capacity, the Danish Energy Agency has informed.The bids cover the Nordsøen Midt (Central North Sea) and Hesselø offshore wind areas…
Borr Drilling has reported a wider first-quarter loss as delayed start-up work for the Odin jack-up rig and contract transitions weighed on earnings, while the offshore driller continued expanding its fleet and contract backlog.The company posted…
Oilfield services firm Archer has signed a share purchase agreement to acquire isol8, a well technology company specializing in alloy-based barrier solutions and advanced materials used in well completions, intervention and plug and abandonment (P&A) operations…
Eni and Global Infrastructure Partners, a part of BlackRock and strategic partner in Eni CCUS Holding, said the company has secured a financing facility of more than $670 million (£500 million) to support its carbon capture and storage project platform…
Eni has signed three long-term agreements with the liquefied natural gas (LNG) sellers of the South Hub and North Hub gas projects in Indonesia to purchase LNG, strengthening its global LNG portfolio and expanding supply from the Southeast Asian country…