A wave of new investment in dedicated shuttle tankers has been spurred by the age profile of the existing fleet coupled with surging developments in the Brazilian offshore market.Constituting a specialized asset class, dynamic positioning (DP)…
The Who Dat East Joint Venture, operated by LLOG, has sanctioned the development of the Who Dat East field. The field, located in lease MC 509-1, is in a water depth of approximately 1,300 metres.The Who Dat East project is a one-well development…
Nigerian President Bola Tinubu approved a new regulatory and fiscal framework for offshore oil and gas projects, his office said on Tuesday, a move the government says could attract up to $50 billion in investment and revive long-delayed developments…
Lloyd's Register (LR) has appointed Wouter Pattynama as Executive Client Solutions Manager, Offshore, strengthening its offshore energy expertise and expanding support for clients across Australia, New Zealand and the wider Asia-Pacific region…
Siemens Energy has been selected by SBM Offshore, a Dutch provider that manages floating oil production platforms, to supply power generation and gas compression systems for Petrobras.The equipment’s will be installed on the floating production…
Delfin LNG has awarded the offshore geophysical and geotechnical survey services for the Delfin Deepwater Port Project, located offshore Louisiana, to TDI-Brooks. Under this award, TDI-Brooks will serve as the prime contractor, executing the full scope of work…
The U.S. Court of Appeals for the Fifth Circuit’s recent decision in Ruffin v. BP Exploration & Production, Inc., offers important guidance on expert testimony in toxic tort cases – particularly those arising from the Deepwater Horizon oil spill…
Wild Well Control has provided formal notice to conclude its Strategic Alliance Agreement with Oil Spill Response (Capping) Limited (OSRL), originally established in July 2020. In accordance with the terms of the agreement, the alliance will formally end on November 4…
SLB and Equinor have signed a multi-year agreement for advanced reservoir stimulation services across the Norwegian Continental Shelf, including a major upgrade of the well stimulation vessel MV Island Captain.The agreement provides dedicated…
McDermott Energy Solutions (UK), a majority shareholder in the SMDC joint venture, has received a letter of intent from ExxonMobil Mozambique, on behalf of the Area 4 partners, covering limited engineering and procurement services for the Rovuma LNG Phase 1 midstream development in Mozambique…
Offshore drilling contractor Noble Corporation has secured a contract from ConocoPhillips Skandinavia for the ultra-harsh environment jack-up Noble Interceptor to support plug and abandonment (P&A) operations in the Greater Ekofisk Area offshore Norway…
ConocoPhillips has appointed Andy O'Brien as president and chief executive officer (CEO), succeeding Ryan Lance, who will retire from the role and assume the position of executive chair of the board in a transitional capacity.The company also…
Ratio Petroleum has increased its recommended all-cash offer for Pharos Energy after a competing bid from Serica Energy, with the revised proposal valuing the London-listed oil and gas company at approximately $197 million (£146.4 million).The revised proposal represents a premium of about 29…
Bohai Phase 5 has entered full operation at the Penglai oil field offshore China, expanding production infrastructure through a project delivered by ConocoPhillips and operator CNOOC.The development adds two new wellhead platforms, four platform…
Oil extended gains on Friday amid further concerns around the opening of the Strait of Hormuz, as Iran, working with Oman, suggested banning vessels deemed hostile from the strait and heavily fining those which violated the proposed rules.Brent crude futures LCOc1 were up 85 cents…