Industry News


Trinidad Asks US for Changes to Venezuela Offshore Gas Project License

Jun 02, 2023

Trinidad and Tobago is requesting the U.S. government amend the terms of a license authorizing the joint development of a promising offshore gas field with Venezuela, the Caribbean nation's energy minister said on Thursday.The United States…

Equinor's Arctic LNG Plant to Resume Production Next Week After Gas Leak Shutdown

Jun 01, 2023

Norway's Equinor plans to restart production at its Arctic liquefied natural gas (LNG) plant in Hammerfest on June 8 after it was shut down on May 31 due to a gas leak, the company said in a market message on Thursday. The facility will be unavailable until 2100 GMT on June 8…

Equinor's Eggen Wildcat in North Sea Proves Dry

Jun 01, 2023

Norwegian oil and gas company Equinor has drilled a dry well in the production license 923, in the North Sea, offshore Norway.The information was shared by the Norwegian Petoleum Directorate on Thursday.According to the NPD, the wildcat well 31/2-23 S (prospect name Eggen)…

QatarEnergy in 15-Year LNG Supply Deal with Bangladesh

Jun 01, 2023

QatarEnergy’s LNG trading arm, QatarEnergy Trading, has signed a long-term LNG Sale and Purchase Agreement (SPA) with Bangladesh Oil, Gas and Mineral Corporation (Petrobangla) to supply about 1.8 million tons per annum (MTPA) of LNG to Bangladesh for 15 years…

Plans Announced for LNG Export Facility in U.S. Gulf of Mexico

Jun 01, 2023

Grand Isle LNG is proposing to build an LNG export facility, thirteen miles south of Grand Isle, Louisiana, in Plaquemines Parish, promising significant economic benefits to the region.The proposed deepwater port is a platform-based modular design…

Germany, Denmark Sign Offshore Wind Cooperation Deal - Handelsblatt

Jun 01, 2023

Germany and Denmark have signed an agreement to connect at least 3 gigawatts of wind energy generation capacity on the Danish island of Bornholm to the mainland by the beginning of the 2030s, the German economy ministry said on Thursday. 'The…

Vestigo Petroleum Books Jack-up Drilling Rig for 5-Well Program

Jun 01, 2023

Malaysian offshore drilling firm Velesto Drilling has received the Letter of Award from Vestigo Petroleum for the provision of jack-up drilling rig.The contract is for Velesto's jack-up drilling rig NAGA 2, with an estimated contract value of $10…

Petrobras Eyes Global Expansion as Brazil Hopes Fade, Sources Say

Jun 01, 2023

Brazil's Petrobras may look abroad for future growth, two sources with knowledge of the state-run firm's plans told Reuters, after environmental regulators dashed its hopes of exploring near the Amazon River where it had aimed to make its first major domestic oil discovery in over a decade…

Valeura Extends FPSO Charter and Maintenance Services Contract for Jasmine Oil Field

Jun 01, 2023

Valeura Energy said Thursday it had signed two key contracts relating to its Jasmine oil field offshore Thailand.Namely, Valeura’s charter of the field’s FPF-003 floating production storage and offloading vessel (“FPSO”), and a contract for…

Denmark's Semco Maritime to Acquire German Firm Wind Multiplikator

Jun 01, 2023

Denmark-based engineering and contracting group Semco Maritime has agreed to acquire German firm Wind Multiplikator, specialized in managing offshore wind farms and projects and providing engineering and consulting services.The transaction also…

Canada: Equinor Delays Bay du Nord Offshore Oil Project Up to 3 Years

Jun 01, 2023

Norway's Equinor said on Wednesday that it will postpone its Bay du Nord Canadian offshore oil project for up to three years, due to rising costs.The decision sets back one of Canada's biggest oil projects in years, and one which has the rare support of Prime Minister Justin Trudeau's government…

PGS Wins 3D Survey Deal in the Mediterranean

Jun 01, 2023

Norwegian seismic service firm PGS has secured a 3D exploration acquisition contract in the Mediterranean with an unnamed 'major international energy company.'PGS will mobilize the Ramform Hyperion seismic vessel for the survey late third quarter…

Eidesvik Offshore to Sell Three Laid Up Seismic Vessels

Jun 01, 2023

Eidesvik Offshore has entered into agreements to sell its three remaining seismic vessels, Veritas Viking, Vantage, and Viking Vision, to two separate buyers. All the vessels are in lay-up and treated as held for sale in the company accounts…

Cyan, Taya in Offshore Wind Vessel Collab in Taiwan

May 31, 2023

Singapore-based Cyan Renewables said Wednesday it had signed a Memorandum of Understanding (MOU) to partner with Taiya Renewable Energy, a Taiwanese offshore wind farm development company. Under the MOU, Cyan and Taiya will collaborate to build vessel capacity…

TenneT Takes Charge of Hollandse Kust (Noord) Offshore Substation

May 31, 2023

The Hollandse Kust (noord) offshore wind substation has been officially taken over by the Dutch grid operator TenneT following the installation and hook-up offshore the Netherlands. In March 2020, TenneT awarded the joint venture EQUANS-Smulders the contract for the engineering…

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