Industry News


Accuweather Sees Two to Four Hurricanes Hitting U.S. Gulf of Mexico in 2022

Apr 06, 2022

Privately-held Accuweather Inc forecasts 2022 will be the seventh straight above-average Atlantic hurricane season seeing the formation of between three and five major hurricanes with sustained winds of at least 111 miles per hour (178 kph)…

Website of Russian Oil Firm Gazprom Neft Goes Down after Apparent Hack

Apr 06, 2022

The website of Gazprom Neft, the oil arm of Russian gas giant Gazprom, went down on Wednesday after an apparent hack, in what looked like the latest attack on government-linked pages over Russia's actions in Ukraine.What looked like a hacked…

Update: Germany Unveils Renewable Energy Expansion Plan

Apr 06, 2022

Germany's economy and climate ministry presented a package of measures on Wednesday to speed up the expansion of renewable energy, as the need to reduce the country's heavy reliance on Russian fossil fuels adds urgency to its green transition plans…

Woodside Receives Key Approvals for Scarborough Gas Project

Apr 05, 2022

Woodside Petroleum Ltd said on Wednesday it has received key approvals from the Australian and Western Australian state governments for the Scarborough gas project off the country's northwest coast.The approvals for a pipeline license and the…

Swire Energy Services Wins UK Wind Farm Work for Ørsted

Apr 05, 2022

Offshore services firm Swire Energy Services (SES) said it has been awarded a contract from wind farm operator Ørsted for a routine maintenance campaign off the U.K. coast for Summer 2022.The new contract will see SES provide services including…

Saipem Clinches $400M in Offshore Drilling Contracts

Apr 05, 2022

Italian offshore services firm Saipem has won new offshore drilling contracts in the Middle East and Africa worth over $400 million in total.In the Middle East, Saipem has won contracts for two high-spec jack-up drilling rigs units. The contracts…

Greece to Speed Up Offshore Exploration Amid Soaring Energy Prices, Supply Concerns

Apr 05, 2022

Greece plans to accelerate gas exploration in its western and southern waters in a fresh drive to tap domestic resources amid soaring energy prices and concerns over Russian gas supplies, government sources said on Tuesday.Greece has produced…

POSH, FMS to Offer Mooring Services to Floating Wind Market in Europe

Apr 05, 2022

Offshore services firm PACC Offshore Services Holdings (POSH) and mooring and marine service specialist First Marine Solutions (“FMS”) to explore growth opportunities for floating offshore wind in Europe.The two companies signed a Memorandum…

Equinor, Vår Energi, Horisont Energi Awarded CO2 Storage License in Barents Sea

Apr 05, 2022

Norwegian oil and gas company Vår Energi has together with its partners Equinor (operator) and Horisont Energi, been awarded the Polaris CO2 storage license in the Barents Sea,The Polaris CO2 storage reservoir is located in the Barents Sea, ca 100 km off the coast of Finnmark…

N-Sea Buys Geosea Vessel from DOF Subsea

Apr 05, 2022

Subsea services provider N-Sea has exercised its option to acquire Geosea DP2 multipurpose support vessel from DOF Subsea for an undisclosed sum.N-Sea is expected to become the owner of the 2002-built vessel during the second or the third quarter of 2022…

W&T Offshore In Bolt-on Purchase of Producing Assets in Shallow-water Gulf of Mexico

Apr 05, 2022

U.S. oil company W&T Offshore said Tuesday it had acquired the remaining working interests in the oil and gas producing properties in the U.S. Gulf of Mexico bought earlier this year from an undisclosed private seller.The assets are located…

Pires Turns Down Petrobras CEO Job

Apr 05, 2022

Energy consultant Adriano Pires has backed out of the Brazilian government's nomination for him to take the helm at Petrobras, the country's Mines and Energy Ministry said on Monday, in the latest blow to succession plans at the state-run oil company…

SBM Offshore Confirms Giant FPSO Contract Award for Exxon's Yellowtail Project in Guyana

Apr 05, 2022

SBM Offshore, a Dutch company that designs, builds, installs, and operates FPSO units, has confirmed the receipt of a firm order from ExxonMobil for the fourth and largest FPSO to be deployed offshore Guyana.The FPSO will be designed to produce 250…

Pilot Takes Over WA 481P Offshore Block in Australia

Apr 05, 2022

Australia's Pilot Energy Limited has increased its interest in the WA 481P offshore exploration permit off W. Australia to 100% following receiptof final approval from the National Offshore Petroleum Tenures Administrator (NOPTA) of Pilot’s…

Petrobras: Marlim Oil Field Cluster No Longer for Sale

Apr 05, 2022

Brazil state-run oil company Petrobras said on Monday its executive management had approved the closing of the competitive process for a 50% stake in Marlim oil field, confirming that the cluster is no longer for sale.'Considering the alignment…

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