Industry News


Tie-backs: Wintershall, Partners Press Forward with Dvalin North Field Development

Dec 13, 2022

Oil and gas company Wintershall Dea, with its partners Petoro and Sval Energi, have filed a plan for development and operation for the Dvalin North field in the Norwegian Sea.According to the partners, the Dvalin North, which they describe as the largest discovery in Norway in 2021…

EEW-AOS to Build Monopiles for Atlantic Shores Offshore Wind Farm Off New Jersey

Dec 13, 2022

U.S. offshore wind developer Atlantic Shores, a 50:50 partnership between Shell and EDF, has executed a Pre-Commitment and Capacity Reservation Agreement (PCCRA) with EEW American Offshore Structures Inc. (EEW-AOS) to serve as the manufacturing company for monopiles on its 1…

Abu Dhabi's ADNOC Invites Banks to Pitch for Gas Business IPO - Sources

Dec 13, 2022

Abu Dhabi National Oil Company (ADNOC) has invited investment banks to pitch for roles in the initial public offering (IPO) of its gas business next year, two sources familiar with the matter told Reuters. Bankers familiar with the matter said…

Hartshead Taps Petrofac for North Sea Platform, Pipeline FEED

Dec 13, 2022

UK North Sea-focused Hartshead Resources has awarded Petrofac two contracts in respect of the platforms FEED contract for Harshead's Anning and Somerville unmanned minimum facilities jackets and topsides and the subsea FEED contract for the…

Shell to Sell Stake in Baram Delta Offshore Malaysia for $475M

Dec 13, 2022

Shell Plc said on Tuesday it would sell its stake in two offshore production sharing contracts in Malaysia's Baram Delta for $475 million to Petroleum Sarawak Exploration & Production Sdn Bhd. The announcement comes after Shell announced in…

TotalEnergies Launches Offshore Rig Tender for 2023 Drilling at Lebanon's Offshore Block 9

Dec 12, 2022

French oil major TotalEnergies has launched a tender for an offshore drilling rig to be used next year to drill in Lebanon's Block 9 in the Mediterranean Sea.Patrick Pouyanné, Chairman and CEO of TotalEnergies, received Lebanon's, Minister of…

Radix Creates Virtual FPSO Training Environment to Reduce Commissioning Phase Risks

Dec 12, 2022

Brazil-based Radix Software and Engineering said Monday it had created a virtual FPSO training environment for a major operator with the goal of reducing risk in the asset commissioning phase by training operators in process optimization and validation of operational manuals…

Petronas, JX Nippon Enter Deal for BIGST Offshore Fields in Malaysia

Dec 12, 2022

Malaysia's state energy firm Petronas said on Monday it would work with JX Nippon Oil & Gas Exploration Corp. on a joint proposal to monetize gas potential in the Bujang, Inas, Guling, Sepat, and Tujoh (BIGST) fields located off the shores of peninsular Malaysia…

DEME to Install Foundations for Another Offshore WInd Farm in Scotland

Dec 12, 2022

Offshore installation services firm DEME said Monday it would return to the Moray Firth to install the foundations for another offshore wind farm in Scotland, under a contract awarded by Ocean Winds.The company was previously involved in the…

First Steel Cut for TenneT's Offshore Substation

Dec 12, 2022

The first steel was cut on Friday, December 9, for the topside of TenneT's offshore transformer station for the Hollandse Kust (west Beta) wind farm zone. A first steel cut ceremony was held at the Equans yard in Hoboken, Belgium, marking the…

CIMC Starts Construction of Havfram's First Offshore Wind Turbine Installation Vessel

Dec 12, 2022

Norwegian offshore wind services firm Havfram said Monday that construction had started in China for its first offshore wind turbine installation vessel. Havfram could order four WTIVs in total.Havfram said it had secured an additional USD 250…

Neptune Energy Awards Two-well Deal to Deepsea Yantai Rig in Norway

Dec 12, 2022

Oil and gas company Neptune Energy has awarded a two-well contract extension for the semi-submersible drilling rig Deepsea Yantai.The rig, owned by China's CIMC Raffles, is managed by the Norwegian offshore drilling firm Odfjell Drilling.Odfjell…

Northern Ocean's Deepsea Bollsta Offshore Drilling Rig Starts Shell Contract in Namibia

Dec 12, 2022

Northern Ocean Ltd's semi-submersible drilling rig, Deepsea Bollsta, has arrived in Namibia and started its contract with Shell.The contract for the 2019-built offshore drilling rig has a firm duration of twelve months. Shell will have the option to extend it for another six months…

Italy's Snam to Select Offshore Site for New FSRU in Early 2023

Dec 12, 2022

Itay's Snam will choose the offshore site for its new floating storage and regasification unit (FSRU) in the next 100 days, Italy's special commissioner for the project said on Friday, with its initial location already facing a legal challenge…

Guyana Launches Bidding Round for 14 Offshore Oil Blocks

Dec 12, 2022

Guyana on Friday formally opened a highly anticipated bidding round for 14 oil and gas blocks in its oil-rich offshore, hoping to award exploration contracts by the end of May.The country is home to one of the largest oil discoveries in the last decade…

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