Those who are old enough (or young enough) to remember Justin Timberlake’s poignant lyrics, ‘What goes around, goes around, goes around, comes all the way back around’, will appreciate their significance and relatability to the offshore oil and gas market…
Harbour Energy has started production at the Tolmount gas field in the British North Sea, a source close to the company said on Monday.Harbour operates and holds a 50% stake in the field along with Dana Petroleum.The field, whose start-up was initially planned for the first quarter of the year…
Heerema Marine Contractors has won a contract to install foundations for EnBW's 900MW He Dreiht offshore wind farm in Germany.Under the contract, the Dutch offshore installation company will be responsible for the transportation and installation of 64 monopiles and transition pieces…
Dutch offshore survey services firm Fugro said that its personnel from its Middle East office has completed 'the world's first' Maritime Autonomous Surface Systems (MASS) professional certified training delivered by SeaBot XR at the training academy CEbotiX…
The Oslo Stock Exchange on Monday passed a resolution to delist the offshore drilling contractor Seadrill Limited.'The Oslo Stock Exchange considers that the shares of Seadrill Limited are no longer suitable for listing on the Oslo Stock Exchange…
Offshore wind installation company Fred. Olsen Windcarrier has won a contract with the wind turbine maker Siemens Gamesa Renewable Energy for the transportation and installation of 62 SG 8.0-167 DD wind turbines on the St. Brieuc offshore wind farm in French waters…
Malaysia's Petronas on Friday signed a Production Sharing Contract (PSC) with SK earthon and Petroleum Sarawak Exploration & Production Sdn. Bhd. (PSEP) for Block SK427 off the coast of Sarawak. SK earthon, a subsidiary of South Korea’s SK Innovation…
Thai oil and gas company PTTEP has become the official operator of the G1/61 offshore block, containing the Erawan, Platong, Satun, and Funan fields, as well as the G2/61 project, containing the Bongkot field, offshore Thailand.Back in December 2018…
Danish wind turbine maker Vestas has together with its partner Tien Li Offshore Wind Technology (Tien Li) produced the first V174-9.5MW blade at its facilities in Taiwan.The blades, part of Vestas' V174-9.5MW offshore turbine, will be installed…
French oil and gas services provider Technip Energies expects to ramp up activity outside of Russia this year, it said on Monday as rising demand for liquefied natural gas (LNG) helped it to a better than expected first-quarter profit.'Despite…
Guyana sold its first share of crude oil from the country's newest offshore production facility to ExxonMobil for about $106 million, the government said.One of South America's poorest nations, Guyana plans to use proceeds from oil in the short term to build roads…
Offshore drilling firm Sonadrill, a 50:50 joint venture between Seadrill and an affiliate of Sonangol, has secured a ten-well contract with options for up to eight additional wells in Angola for the West Gemini drillship.The total contract value…
U.S.-headquartered offshore support vessels (OSV) owner Tidewater Inc. on Friday announced it has completed its acquisition of Singapore's Swire Pacific Offshore Holdings Limited (SPO), creating the industry’s largest OSV fleet.The $190 million transaction adds 50 vessels to the Tidewater fleet…
Following billionaire Vagit Alekperov's resignation as president and director of Russian oil major Lukoil earlier this week, the firm announced on Friday that Vadim Vorobyev would take over as interim president.Vadim Vorobyev currently serves as the first executive vice president of the company…
Should Japan ever exit the Sakhalin energy projects in Russia and their stakes were acquired by Russia or a third country, this would weaken the effectiveness of Western sanctions and benefit Russia, Japan's industry minister said on Friday…