Exxon Mobil Corp is uncertain whether it will bid for new offshore areas Guyana wants to explore, a person close to the matter said, as the oil major ramps up production faster than expected and the South American country wrestles with fixing terms of new oil leases…
An innovative wind turbine installation vessel (WTIV) design from Houston-based naval architecture and marine engineering firm Friede & Goldman (F&G) has earned approval in principle from classification society DNV.The review and AIP confirms…
Odfjell Drilling announced that on behalf of CIMC OFFSHORE AS, it has agreed a contract with OMV Norge AS for the use of the drilling rig Deepsea Yantai to drill one firm well Eirik in PL 817 in the North Sea, plus one optional well in 2023 or 2024…
Vaar Energi's Balder X oil and gas project will cost $1.2 billion more than previously expected with petroleum output delayed by about nine months to the third quarter of 2024, the company said on Monday, sending its shares sharply lower.The changes reflect increased work scope…
QuarterNorth Energy is exploring a potential sale which could value the oil and gas producer in the deepwater U.S. Gulf of Mexico at more than $2 billion, including debt, according to people familiar with the matter.The privately held company…
Swiss private equity firm Partners Group said it has agreed to sell its 20% stake in Dutch offshore windfarm Borssele III / IV to Swiss Life Asset Managers.Borssele is a fully operational offshore windfarm located 55 kilometers from the Port of Vlissingen in the Netherlands…
Helix Energy Solutions Group, Inc. announced on Monday that it entered into a two-year extension of its well intervention charter and services contracts with Petróleo Brasileiro S.A. (Petrobras) for the Siem Helix 2 well intervention vessel offshore Brazil…
French supermajor TotalEnergies has approved the final investment decision (FID) for the Fenix gas development, located 60 km off the coast of Tierra del Fuego in southern Argentina.Through its Total Austral affiliate, TotalEnergies operates the project with a 37…
With volatile markets and increasing speed of technological changes – led by digitalization and decarbonization – Richard Ward discusses subsea production trends, opportunities and challenges.Richard, to start can you give a brief career bio with an overview of your current responsibilities…
Program encourages independent software vendors to build, market, and sell solutions and apps through Schlumberger digital platform.Schlumberger launched its Digital Platform Partner Program, designed allow independent software vendors (ISV)…
Energy Perspectives 2022: Long-term development in the world’s energy markets and how politics, technologies, companies, and consumers can influence it, is an overarching theme of the energy transition.With inflation raging, geopolitical disruption and resultant energy security concerts…
In the last few years, there’s been a proliferation of projects targeting the production of hydrogen. Its seen as one of the levers towards net zero and, more recently, a way to help underpin energy security, especially in Europe. Many think producing the stuff offshore is a big opportunity…
Oil fell by more than 1.5% on Monday, pressured by expectations of weaker global demand and by U.S. dollar strength ahead of possible large increases to interest rates, though supply worries limited the decline.Central banks around the world…
PaxOcean said its Nanindah Mutiara Shipyard in Indonesia has secured a contract to convert a platform supply vessel (PSV) into a submarine cable laying vessel (CLV) for telecoms company PT Ketrosden Triasmitra.The PSV is the Norwegian-built Skandi Sotra…
Brazilian oil company Petrobras' Chief Executive Caio Paes de Andrade has been diagnosed with cancer, local media reported.The executive has started treatment to fight a head and neck carcinoma, according to the reports, citing a Petrobras internal statement…