By Teresa Wilkie, Research Director of RigLogix at Westwood Global EnergyUtilization is one of the key barometers of the health of the offshore rig market, as it identifies what percentage of the usable fleet is available versus what is not…
U.S.-based offshore oil and gas services firm Helix Energy Solutions Group is set to buy equity interests of Louisiana-baed Alliance group of companies for $120 million cash at closing, plus the potential for post-closing earnout consideration…
U.S. oil major Chevron has sanctioned the Ballymore oil field development in the deepwater U.S. Gulf of Mexico. The project, with a design capacity of 75,000 barrels of crude oil per day, will be developed as a three-mile subsea tieback to the existing Chevron-operated Blind Faith platform…
International Maritime Industries (IMI), which describes itself as the largest shipyard in the MENA region, and offshore construction firm Lamprell on Tuesday announced the successful completion of the load-out and float-off of the first jackup drilling unit being constructed for IMI…
Danish offshore vessel company Maersk Supply Service has installed six mooring lines and six anchors for the DemoSATH floating wind project at the BIMEP open sea test site in the Biscay Bay off the coast of Armintza, Spain.SATH Technology is…
Chevron Corp has completed maintenance work at its Wheatstone liquefied natural gas (LNG) plant, and the facility's two processing units, or trains, are now running, the operations head of its Australian business said on Tuesday.'We are still starting up our domgas (domestic gas) plant…
Bahrain's state oil firm nogaholding is in final talks to appoint a strategy consultant and financial adviser, its chief executive said on Monday, as the indebted country seeks to capitalize on high energy prices and sell or lease out assets…
Greencoat UK Wind has agreed to acquire a net 12.5% stake in Hornsea 1 offshore wind farm in the UK from Global Infrastructure Partners ('GIP') for £400 million (around $496.5 million). The acquisition is expected to complete in Q3 2022.Hornsea…
Equinor and Exxon Mobil Corp have taken the first steps to expand an $8 billion oil development off Brazil's coast, the Norwegian oil producer told Reuters.The firms want to boost future production from the Bacalhau oil field, Equinor's largest…
Woodside Petroleum does not expect heavy selling of the company's shares by BHP Group investors if Woodside's acquisition of BHP's petroleum business goes ahead in June, Chief Executive Meg O'Neill said on Monday.Woodside shareholders are set…
Brazilian President Jair Bolsonaro suggested on Monday he may tinker with state-run company Petrobras' profit policy, cutting the percentage distributed to shareholders, as he looks to curb fuel price hikes ahead of the country's October elections…
An investigation by the Norwegian offshore oil and gas industry safety regulator into an incident involving the discovery of cracks in the outer shell of second-stage gas coolers on Equinor's Troll C offshore platform in Norway in October 2021…
Oslo-listed offshore vessel operator DOF has, through its Brazilian subsidiaries, won new long-term charter and service contracts with Petrobras for four AHTS vessels and ROVs. The vessels, Skandi Angra, Skandi Paraty, Skandi Urca, and Skandi Fluminense…
Offshore accommodation company CBED has won a contract for its Wind Innovation vessel on the DanTysk and Sandbank offshore wind farms in the German North Sea.'With the operations and maintenance service contract with DanTysk Sandbank Offshore Wind GmbH & Co…
Norway's HydraWell and UK-based READ have agreed to merge to create a well integrity specialist focused on late-life oilfield activities, including permanent plugging and abandonment of hydrocarbon wells.According to a statement issued Monday…