China's state-owned oil and gas firm China National Offshore Oil Corporation (CNOOC) has started production at Luda 5-2 North Oilfield Phase II Development Project in the central part of Bohai Sea.The main production facilities at the project…
I know how to reduce the federal budget by $7B, if we are willing to kill a few thousand Americans every year, put our economy further into debt, and guarantee the loss of real property around the country.It can also be done without eliminating…
The United States' first Jones Act-compliant offshore wind turbine installation vessel (WTIV), Charybdis, has started sea trials ahead of delivery to Dominion Energy planned for later in 2025.The Seatrium AmFELS shipyard in Bronsville, Texas…
Eidesvik Offshore, Agalas, and Reach Subsea have partnered up to build a new construction support vessel (CSV) for subsea and offshore renewables operations.The new CSV will have similar specifications as the vessel Eidesvik currently has under…
Brazil's Brava Energia will connect four more wells to its Atlanta field in the first half of 2025, as it starts shipping oil to commodity trading firm Trafigura under a supply deal for six million barrels.That will bring the total number of…
U.S. oil major Exxon Mobil plans to boost natural gas output and supply in Guyana through a large-scale project announced on Wednesday, following the government's call for more gas to fuel onshore power and petrochemical projects.The 'Wales Gas Vision'…
Environmental groups on Wednesday moved in court to block President Donald Trump’s administration from allowing offshore oil drilling along broad swaths of U.S. coastline, in what appeared to be the first legal challenges to the Republicans’ efforts to boost fossil fuel production…
Japan Petroleum Exploration (Japex) is prioritizing investment in oil and gas exploration and production (E&P) through 2030 - revising an earlier plan to aggressively expand its renewables businesses, its president said.'For now, the investment…
Norway's combined oil and gas production lagged an official forecast by 1% in January, weighed down by a decline in the exports of natural gas, data from the Norwegian Offshore Directorate (NOD) showed on Thursday.Norway is Europe's largest supplier of natural gas and a major producer of oil…
The Agogo floating, production, storage and offloading (FPSO) unit is ready to set sail from Chinese shipyard to Azule Energy’s development offshore Angola.Yinson Production has officially named the Agogo FPSO at a grand naming and sail away…
Dutch oil and gas services firm SBM Offshore's annual revenue jumped 35% to a record high in 2024, driven by the sale of its floating production, storage and offloading vessels (FPSO) in Suriname and Guyana, the company said on Thursday.SBM Offshore's shares rose 9…
Engineering consultancy Wood has secured a $120 million contract extension by Shell UK to provide brownfield engineering, procurement and construction (EPC) to onshore and offshore assets across the U.K.The two-year, cost-reimbursable contract extension…
Offshore drilling contractor Shelf Drilling has secured a one-year extension with Chevron for its Shelf Drilling Scepter jack-up rig offshore Nigeria.The extension will begin in direct continuation of the rig’s current contract, extending the commitment until July 2026…
Borr Drilling Limited (NYSE, OSE: BORR) delivered strong financial performance in the fourth quarter of 2024, reporting a net income of $26.3 million, up 171% from the previous quarter, and total operating revenues of $263.1 million, marking a 9% increase…
Watson Farley & Williams (‘WFW’) advised Eurazeo, acting as lead investor via its Eurazeo Transition Infrastructure Fund, on a $73m investment in new offshore service vessel platform MPC OSE Offshore. The platform, a joint venture between MPC Capital and O…