Indian offshore drilling contractor Aban Offshore has agreed to sell four offshore drilling rigs to ADES for $106 million in total.Aban said that its Board had, at a meeting held on March 23, approved the sale of the jack-up drilling rigs Deep Driller 2…
Oil and gas company Ping Petroleum's proposed development concept for the Avalon discovery in the UK Central North Sea, has received a letter of “no objection” from the North Sea Transition Authority (“NSTA”).The concept comprises a tie-back…
Oil and gas company Repsol Sinopec Resources UK Limited said Monday that owners of Golden Eagle, Piper, and Claymore fields, located in the North Sea northeast of Aberdeen, have executed new agreements reaffirming their commitment to export…
Singapore's Keppel Offshore & Marine has recently ordered the topsides turbomachinery package from Siemens Energy for the P-78 FPSO.The FPSO is owned and operated by Brazil-based Petrobras in partnership with Chinese CNOOC and CNODC and will operate in the Búzios Field of the Santos Basin…
Oil prices steadied on Monday as worries over slowing demand in China prompted investors to take profits on gains made earlier in the day on concerns over tight supply and the deepening Ukraine crisis.Brent futures LCOc1 were up 27 cents, or 0…
Morocco is studying options at several ports to build a floating or land-based facility to import liquefied natural gas (LNG), Energy Minister Leila Benali said on Friday.Morocco relied for much of its gas needs - about 1 billion cubic meters…
Lime Petroleum, a subsidiary of Rex International has signed an agreement with MOL Norge, a Norwegian subsidiary of Hungarian oil company MOL, to acquire MOL's 40 percent interest in two licenses in the North Sea, offshore Norway.The licenses being acquired are the licenses PL820 S and PL 820 SB…
Tidal energy technology developer Minesto this week launched a plan for large-scale build-out of tidal energy arrays in the Faroe Islands.The plan includes four new verified sites that would supply 40% of the nation’s growing electricity consumption…
Greece could be sitting on tentative recoverable gas reserves of more than 600 billion cubic meters, a senior executive of its hydrocarbons commission said on Thursday, as Athens accelerates gas exploration to cut its reliance on Russian energy…
Offshore energy technology services company ION Geophysical Corporation on Wednesday secured temporary court approval to access a loan to fund operations during its bankruptcy. U.S. Bankruptcy Judge Marvin Isgur in Houston approved on an interim basis ION's request to tap a $2…
Marine Le Pen's plan to ban wind turbines is an 'aberration', Emmanuel Macron said on Thursday as France's presidential election campaign moved away from the two candidates accusing each other of being authoritarian to focus on concrete policies…
Flowserve Corporation has won a contract to provide control valves for a portion of Norway’s first cross-border and open-source carbon capture and storage facility. 'With an estimated 2024 completion, this facility will be the first of its kind…
The 2Africa consortium, comprised of China Mobile International, Meta, MTN GlobalConnect, Orange, stc, Telecom Egypt, Vodafone, and WIOCC, on Thursday announced the first landing of the 2Africa cable in Genoa, Italy. 'The landing sets the tone…
Brazilian oil firm Petrobras has this week received R$ 5.26 billion (around $1,12 billion) from Shell for its share of 25% in compensation for the Atapu offshore block.Atapu is the block acquired by the consortium composed of Petrobras (52.5%)…
Swedish floating wind technology developer Hexicon has informed that its joint venture CoensHexicon Co., Ltd. has changed its name. The new name is Hexicon Korea Co., Ltd. with the change taking effect from Friday, April 15, 2022. 'The change…