Longboat Energy, an oil and gas company established in late 2019 by ex-Faroe Petroleum management team, has farmed into two near-term, gas-weighted exploration prospects offshore Norway, through an agreement with the Australian oil and gas company OMV…
ConocoPhillips submitted on Monday a plan to develop an oil discovery in the Norwegian North Sea for 10.5 billion Norwegian crowns ($1.10 billion), the U.S. petroleum company said.Known as Eldfisk North, the development is part of the wider Ekofisk area…
Danish offshore wind installation services provider Cadeler has officially ordered a $345 million offshore wind foundation installation vessel from China's COSCO Heavy Industries.Cadeler first announced the plan to order the F-class vessel last week…
Offshore drilling contractors Noble Corporation and Maersk Drilling are making progress with regards to the completion of their proposed merger transaction, as the UK Competition and Markets Authority said Monday it might accept the two companies' proposed solution to alleviate competition concerns…
GAS Entec has completed the conversion of a 125,000m³ LNG carrier into an FSRUfor KARMOL, a joint-venture between Turkey's Karpowership and Japan's Mitsui OSK Lines (MOL), for deployment in Senegal.The company, a subsidiary of Atlantic Gulf & Pacific International Holding (AG&P)…
Norwegian energy company Equinor has on behalf of its U.S. offshore wind joint venture with BP, selected Dutch offshore installation firm Heerema Marine Contractors as a strategic supplier to develop the Empire Wind and Beacon Wind projects…
The government of Equatorial Guinea has granted an extension of the Production Sharing Contract ('PSC') for the offshore Block G until December 31, 2040, covering both the producing Ceiba and Okume Complex Fields, Panoro Energy, a partner in the project…
Oil and gas company Energean has made a commercial gas discovery offshore Israel using Stena Drilling's Stena IceMAX drillship.The company said Monday that the discovery was made at the Athena exploration well, Block 12, in the A, B and C sands…
Australian oil and gas company Western Gas, gearing up to start drilling at its promising Sasanof-1 prospect off W. Australia, has said that the mobilization of equipment to the Valaris MS-1 semisubmersible drilling rig has now started in preparation…
Germany will show solidarity with European Union countries seeking alternatives to Russian gas and oil, for example helping eastern states without ports in the North or Baltic Seas access liquefied natural gas (LNG), Chancellor Olaf Scholz said on Thursday…
Anglo-French oil company Perenco has declared force majeure for 150 days following a leak at its Cap Lopez oil terminal in Gabon last week, a company spokesperson said on Friday.Overall production shut down is estimated at 50,000 barrels of oil per day…
Japanese offshore drilling company Japan Drilling Co., Ltd. (JDC) has secured a contract for its Hakuryu-5 semi-submersible drilling rig in Malaysia.The offshore drilling contract, with Petronas Carigali, was secured through its agent in Malaysia…
Japanese trading house Marubeni Corp said on Friday it had cut its exposure to Russia by 12.6 billion yen ($97 million) in the year just ended, mainly by writing down its stake in the country's Sakhalin-1 oil project.Its net exposure to Russia…
Singapore-listed offshore services provider Marco Polo Marine has completed the acquisition of the offshore renewables service firm PKR Offshore.Marco Polo bought the Taiwan-based company through its 49% owned joint venture company, Oceanic Crown Offshore Marine Services Ltd…
Shannon Foynes Port Company has selected Bechtel to update its Vision 2041 master plan to accommodate offshore and onshore investment within and near its harbor in Ireland. Bechtel will support the company in considering how to deliver significant growth and expansion of the port…