West Africa-focused Tullow Oil expects its 2021 free cash flow to come in higher than previously forecast at $250 million and expects this year's cash flow to come in at $100 million at an oil price of $75 a barrel, it said on Wednesday.Tullow…
Malaysia on Wednesday charged an official at Norway's largest oil services provider Aker Solutions, accusing him of using false documents to secure a license renewal, according to the company and a court charge sheet.Mohd Yusof Ab Rahman, 54…
Tanzania has appointed a U.S.-based law firm as its transaction advisor for negotiations with energy companies over the construction of a liquefied natural gas project, valued at $30 billion, the state oil company said.Construction of an LNG…
UK-based offshore services business OEG Offshore said Tuesday it had acquired Manor Renewable Energy for an undisclosed fee, in a move to expand its renewables capability.The company said that the acquisition of the temporary power, engineering and vessel business…
Dutch subsea survey and IRM services firm N-Sea Group has signed a long-term vessel agreement with Geo Plus for the Geo Focus, an DP1 35M Hybrid Survey/ROV Support Vessel. The company said Tuesday that the Geo Focus is one of six vessels that N-Sea will have under full management and control…
German steelmaker Salzgitter and Danish offshore wind farm developer Ørsted have entered a strategic 'circularity' partnership to establish closed value chains in their business relationship.Salzgitter said Tuesday the partnership will include the supply of offshore wind power…
Irish floating wind platform firm Gazelle Wind Power (Gazelle) has signed a memorandum of understanding (MOU) with Bridon-Bekaert Ropes Group (BBRG) to supply mooring lines for Gazelle’s dynamic mooring system. BBRG will serve as the supplier…
Shell has made a significant oil and gas discovery at a closely-watched offshore well in Namibia which could spark a wave of investment in the southern African country, three industry sources told Reuters.Namibia is not a fossil fuel producer…
Port of Nigg in the Cromarty Firth, Scotland has been conditionally selected by Siemens Gamesa as the planned location for pre-assembly and installation of wind turbines for the Moray West offshore wind farm, offshore wind developer Ocean Winds said Tuesday…
Oilfield services giant TechnipFMC has said it has secured a contract with Petrobras to build and install subsea equipment at Búzios 6 field (module 7), a greenfield development in the pre-salt area.TechnipFMC said the contract was a large one…
Oilfield services company Petrofac has secured a five-year contract extension for well management and well operator services with NEO Energy.Petrofac will provide a five-year framework for Well Management and Well Operator support for 27 wells across the Affleck…
Malaysian oil and gas company Hibiscus Petroleum has completed the acquisition of Repsol’s interests in oil and gas assets in Malaysia and Vietnam.The proposed agreement was first announced in June 2021, when the parties said that the purchase price would be $212…
Korea Floating Wind (“KF Wind”), a joint venture between Ocean Winds and Aker Offshore Wind, has secured its first Electric Business License (EBL) from South Korea's Ministry of Trade, Industry, and Energy for a capacity of 870MW.According to Aker Offshore Wind…
Kuwait Foreign Petroleum Exploration Company (“KUFPEC”) said Sunday that its subsidiary KUFPEC Indonesia had made a commercial discovery of gas and condensate in the Anambas Block, offshore Indonesia. KUFPEC Indonesia made the discovery through the drilling of the Anambas-2X well…
U.S. offshore vessel operator Harvey Gulf International Marine has signed an agreement with SailPlan, the maritime cleantech company that reduces ship emissions, to add SailPlan to its fleet.SailPlan is an emissions monitoring and optimization platform that combines the real-time engine…