Seaway 7, a company specializing in offshore renewable energy installation services, said Monday it had signed a letter of award to start early work related to the installation of inter-array grid cables for the Moray West offshore wind farm in the UK North Sea…
Dutch FPSO leasing specialist SBM Offshore has ordered its latest Fast4Ward multi-purpose floater hull as it marked a new record level order book at $31.1 billion. The latest Fast4Ward floating production unit (FPU) is expected to be delivered in 2024…
Norwegian energy company Equinor has taken a step forward with its Rosebank project in the UK North Sea by submitting key environmental documents. An Environmental Impact Assessment was submitted to the UK's Offshore Petroleum Regulator for Environment and Decommissioning (OPRED) on Thursday…
Petrobras has completed the sale of all its stakes in the producing fields of Peroá and Cangoá, and in the BM-ES-21 concession (Malombe Discovery Evaluation Plan) jointly called Peroá Cluster, located in the Espírito Santo Basin to the company 3R Petroleum Offshore…
KOTUG's subsidiary KOTUG Guyana has been awarded a second contract by ExxonMobil affiliate Esso Exploration and Production Guyana to support operations in Guyana. KOTUG’s latest addition, the 120 tonnes bollard pull strong SD Honour, will join…
Sval Energi has signed an agreement with Suncor Energy to acquire Suncor Energy Norge, adding 4000 barrels of oil equivalent and 19 million barrels of oil equivalent in reserves on the Norwegian Continental Shelf to its portfolio.The deal is worth about $410 million Canadian dollars…
Iberdrola Group company AVANGRID has finalized an agreement to take over responsibility as the operations and management services provider for Vineyard Wind 1, the U.S.' first commercial-scale offshore wind project. The agreements include an…
38 high-impact exploration wells were drilled in the first half of 2022, similar to the same period in 2021 when 39 wells completed, says industry analysts Westwood Global Energy Group. The 38 wells resulted in 13 potentially commercial discoveries at a 34% commercial success rate…
The UK's North Sea Transition Authority (NSTA, formerly Oil & Gas Authority) says an estimate of the total cost of decommissioning UK Continental Shelf (UKCS) oil and gas infrastructure fell just 2% last year. The drop, following a 4% reduction the year before…
Six South Korean companies and Malaysian state-owned energy company Petronas have agreed to work together to look at the feasibility of a cross border carbon capture and storage project in what's been called Asia’s first CCS hub project. Under a memorandum of understanding (MOU)…
North Sea oil and gas development company Orcadian Energy has agreed a farm-out deal with Carrick Resources.The deal, based on the fulfilment of certain work milestones, centres on a sub-area of Licence P2320 which contains the the Carra prospect…
BP and ENI have confirmed that Azule Energy, a new 50/50 independent joint venture combining the two companies’ Angolan businesses, has been officially established. Azule Energy is now Angola’s largest independent equity producer of oil and gas…
Siemens Gamesa Renewable Energy said it has been awarded an order from Green Power Investment for the 112-MW Ishikari offshore wind power project, marking the wind turbine manufacturer's first firm offshore order in Japan.The order includes 14 SG 8…
Global offshore wind developer Ørsted inaugurated the Ørsted Taiwan Offshore Wind Farms Operations and Maintenance (O&M) Hub. Located at the Port of Taichung, the O&M hub is the first operations facility with green design and the largest in…
Offshore drilling contractor Valaris on Wednesday announced that Chris Weber has commenced his role as senior vice president and chief financial officer, having been appointed to the role in late May.Weber previously served as CFO of LUFKIN Industries…