Offshore drilling contractor Northern Ocean has signed a contract for Deepsea Bollsta semi-submersible rig for work offshore Norway, set for completion before the start of its two-year contract with Equinor.The contract, with unnamed client…
Corio Generation, the UK-based offshore wind developer backed by Australia's Macquarie Group, plans to cut a small number of jobs roles, a company spokesperson told Reuters.Ballooning costs due to technical and supply chain problems and high…
In the wake of Donald Trump's election as U.S. President, all eyes have been trained on the U.S. Offshore Wind market and future, with his promise to stifle the U.S. Offshore Wind market in favor of oil and gas. But a recent lackluster performance…
Petrobras and its partner Ecopetrol have confirmed the largest gas discovery in the history of Colombia with the drilling of the Sirius-2 well in the Gujaira Basin, which has the potential to increase the country’s current reserves by 200%.The drilling of Sirius-2…
ABL Group has entered into an agreement to acquire Brazil-based naval architecture and engineering consultancy Proper Marine, increasing its expertise in floating production storage and offloading (FPSO) sector.Proper Marine will be merged with ABL’s design and engineering arm Longitude…
Saudi oil and gas giant Aramco has signed a shareholders’ agreement with Linde and SLB paving the way for development of a Carbon Capture and Storage (CCS) hub in Jubail that is expected to become one of the largest globally.Under the terms…
UK-based oil firm Serica Energy has suspended the production from its Triton floating production, storage, and offloading (FPSO) unit in the North Sea after identifying an issue with one of the compressors seals, prompting the company to further reduce its full-year production outlook…
Woodside has signed a revised lump sum turnkey engineering, procurement and construction (EPC) contract with Bechtel for the three train 16.5 million tonnes per annum foundation development of Louisiana LNG.Bechtel has worked on site before Woodside’s $1…
The U.S. plans to issue a study on the environmental and economic effects of liquefied natural gas (LNG) exports by the middle of this month, a Department of Energy official said on Wednesday.'We expect to release the final study ... by mid-December for a 60-day public comment period…
The oilfield service sector is poised for more consolidation in 2025, according to Deloitte's 2025 Oil and Gas Industry Outlook, with President-elect Donald Trump expected loosen regulations on the U.S. oil and gas industry.The uptick in deals…
Consulting and engineering firm Wood has signed three major agreements with BP to provide engineering and project delivery services for its capital onshore and offshore projects worldwide.The contracts cover a new master services agreement (MSA) for Engineering…
Equinor UK, a subsidiary of Equinor and Shell UK, a subsidiary of Shell, have agreed to combine their UK offshore oil and gas assets to form a new company which will be the UK North Sea’s biggest independent producer.The incorporated joint venture…
Scientists from the University of Plymouth, Heriot-Watt University and the Marine Biological Association are leading a new project exploring the consequences of floating offshore wind farms on ocean life.The FRONTLINE project will employ AUVs…
Russia and Pakistan discussed cooperation on oil and gas offshore exploration and refining at intergovernmental meetings this week in Moscow, the Interfax news agency reported, citing Russia's deputy energy minister.Talks also covered the prospect…
Shell is stepping back from new offshore wind investments and is splitting its power division following an extensive review of the business that was once seen as a key driver of the company's energy transition strategy.The changes are part of…
