The world’s FPSO fleet is getting older, with 55 FPSO units in the global fleet reaching the end of their design life in the next five years, with an additional five having life extension in place. With 19 more FPSOs currently being evaluated for life extension…
Oil prices extended pre-weekend gains on Monday to hit multi-year highs, lifted by tight global supply and strengthening fuel demand in the United States and beyond as economies recover from pandemic-induced slumps.Brent crude futures rose by 97 cents…
ADC Energy, an Aberdeen-based offshore rig inspection firm, has announced the completion of a trial with 'a major rig owner' that found that an upgrade to Dynamically Positioned (DP) rigs power systems can reduce carbon emissions by nearly 5…
Delta Offshore Energy (DOE), a company working to develop the 3200 MW Bac Lieu LNG-to-Power Project in Vietnam, has said that model testing of the LNG receiving terminal technology has been successfully completed.As previously reported DOE Delta…
Oil and gas company EnQuest has completed the acquisition of a 26.69% stake in the Golden Eagle Area Development in the UK North Sea.The agreement, where EnQuest agreed to buy the Golden Eagle stake from Canada's Suncor Energy, was first announced in February…
Lamprell, a company building large structures for the offshore energy industry, has won a rig conversion contract with the Oslo-listed oil and gas company BW Energy (BWE).The scope of work involves the conversion of BWE’s Hibiscus Alpha jack-up rig into an offshore production facility…
QatarEnergy has signed a deal for a 40% stake in one of ExxonMobil’s major offshore explorations in Canada, the Qatar state-owned oil and gas firm said on Sunday.The deal marks QatarEnergy’s first foray into offshore exploration in Canada, the company said in a statement…
Global oil major ExxonMobil Corp is looking at buying a stake in some of the local deepwater fields of Indian explorer Oil and Natural Gas Corp, oil secretary Tarun Kapoor said on Friday.India, the world's third-biggest oil importer, and consumer…
Exxon Mobil Corp plans to close two Houston-area office towers to consolidate staff in its main campus as it cuts costs following staff departures, the company said on Friday.Last year, Exxon announced a plan to reduce its global workforce by 14…
The Biden administration on Friday took a procedural step towards holding an auction for oil and gas drilling rights in the Cook Inlet off the coast of Alaska next year.The move is the latest effort by the U.S. Department of Interior to comply…
Italy's biggest banking group Intesa Sanpaolo could help fund Novatek's Arctic LNG 2 project even as some European governments show lukewarm support for the giant Russian gas project.'We are studying the dossier ... though no decision has as yet been taken…
KenzFigee, a Dutch lifting equipment firm providing services for the offshore energy industry, will deliver an electric hydraulic Ram Luffing offshore crane for installation on the HVDC offshore converter platform for RWE's Sofia offshore wind farm in the UK North Sea…
MPI Offshore, an offshore installation service firm owned by Van Oord, last week accidentally dropped three wind turbine blades into the sea, while conducting scheduled maintenance at Vattenfall's Ormonde wind farm in the Irish Sea, off the UK…
Oil and gas firm TotalEnergies E&P UK, subsidiary of the French energy giant TotalEnergies, has chartered Prosafe's Safe Caledonia offshore accommodation rig for work in the UK North Sea.Under the 270-day contract, the Safe Caledonia will provide…
Schlumberger NV reported a rise in third-quarter adjusted income on Friday, buoyed by higher demand for the company's oilfield services and related equipment from producers looking to capitalize on a rebound in crude prices.Global crude prices rose 4…