Exxon Mobil has ended a major campaign to find oil in Brazil, the Wall Street Journal reported on Wednesday, citing people familiar with the matter. The oil and gas giant has stopped current drilling at the offshore acreage it started snapping up with partners for $4 billion in 2017…
Wind turbine maker Siemens Gamesa has ordered four electrical overhead cranes from Konecranes for its offshore nacelle plant in Taichung, Taiwan. The cranes will support the entire material handling of the site’s broadened production scope, with lifting capacities of up to 400 tons…
Dubai-based Vahana Marine Solutions DMCC's Vahana Aryan vessel has become the first jack-up unit to receive DNV’s Abate-Ready notation. According to DNV, the Abate notation is designed to assist the owners and operators of offshore units to…
Zephyrus Marine has signed a memorandum of understanding (MOU) with Japanese shipyard Mirai Ships to build the Zephyrus Zero Carbon Offshore wind service vessel. Ad Hoc Marine Designs Ltd. (Ad Hoc) will be providing the design for the zero-emission Crew Transfer Vessel (“CTV”)…
British North Sea-focused oil producer EnQuest said on Wednesday that its 2022 free cash flow jumped 31% from the previous year to $519 million on the back of higher prices, beating guidance, but a windfall tax weighed on its accounts. EnQuest has deferred drilling on its Kraken field…
India-based Larsen & Toubro said Wednesday that its hydrocarbon business L&T Energy Hydrocarbon (LTEH) had recently secured multiple offshore packages from 'a prestigious client in the Middle East.'The scope of work comprises engineering, procurement…
QatarEnergy has agreed with Shell to acquire a working interest in the C-10 block located offshore Mauritania.Upon the completion of the transaction, QatarEnergy will hold a 40% working interest in offshore block, Shell (the operator) will hold a 50% interest…
Finland’s new Inkoo floating storage regasification unit (FSRU) terminal on Sunday accepted its first cargo of liquefied natural gas (LNG).The cargo, which was ordered by Elenger, the largest privately owned energy company in the Finnish-Baltic region…
UK-based offshore wind developer SSE Renewables and Asia Pacific-focused renewable energy developer Equis have formed a joint venture to bid for a feasibility license to develop, construct, own, and operate an offshore wind farm project in Australia…
Malaysian offshore vessel services firm Coastal Contracts said Tuesday its subsidiaries had secured contracts for the sales of two offshore support vessels for an aggregate value of approximately RM287.3 million (currently around $65,2 million)…
Malaysian Prime Minister Anwar Ibrahim on Tuesday said Beijing had expressed concerns about energy activities by Malaysian state firm Petronas in the South China Sea, even though Kuala Lumpur believes the projects are in its territory.Anwar's…
Gazelle Wind Power, a Dublin-based company that develops foundations for floating offshore wind farms, has partnered up with renewable energy developer WAM Horizon to accelerate the development of a pilot plant using Gazelle’s floating wind platform in Aguçadoura…
Japanese oil company Inpex has submitted a revised development plan for Abadi LNG project in Indonesia, incorporating a carbon capture and storage (CCS) component, on behalf of the INPEX-Shell joint venture.Inpex has amended the plan of development…
German insurers Allianz and Munich Re have renewed cover for the damaged Russia-controlled Nord Stream 1 gas pipeline, five sources with knowledge of the matter said, indicating that its revival has not been ruled out after an alleged sabotage attack…
Brazilian oil firm Petrobras has started the contracting process for the chartering of two floating, production, storage, and offloading (FPSO) vessels for the Sergipe Deepwater Project (SEAP), in the Sergipe-Alagoas Basin, about 100 km off the coast…