The oil and gas sector continues to rebound from the great downturn, though regional surges of Covid-19 have been spooking the market, causing crude prices to be a bit volatile over the past two weeks. But, the near-term outlook remains very positive…
Norwegian offshore vessel owner Siem Offshore has been awarded a six-month extension for the AHTS Siem Topaz in Australia. Siem Offshore shared the news on Wednesday, without disclosing the identity of the client.The Siem Topaz is a low emission anchor handler that is suitable for anchor handling…
The Biden administration is considering ways to ensure the U.S. commercial fishing industry is paid for any losses it incurs from the planned expansion of offshore wind power in the Atlantic Ocean, according to state and federal officials involved in the matter…
Finland-based maritime and offshore engine and equipment maker Wärtsilä has won orders to equip Norwegian firm OHT’s next-generation wind offshore turbine installation vessel being built in China.Wärtsilä will supply an integrated propulsion and dynamic positioning thruster solution…
Oil and gas firms TotalEnergies and Apache Corporation have discovered more oil off the coast of Suriname.The duo has hit oil at the Sapakara South-1 offshore well at Block 58, where they've previously made Maka Central, Sapakara West, Kwaskwasi…
Royal Dutch Shell boosted its dividend and launched a $2 billion share buyback program on Thursday after a sharp rise in oil and gas prices drove second-quarter profits to their highest in more than two years.As profits across the industry recovered…
Oil and gas company IOG, focused on developing gas fields in the Southern North Sea, off the UK, has signed a gas sales agreement with Gazprom Marketing & Trading Limited ('GM&T').The contract follows a competitive offtake process involving more than 10 bidders over recent months…
The much-politicized Nord Stream 2 undersea gas pipeline from Russia to Germany is 99% complete, the pipeline operator said on Wednesday, after the pipelay vessel Akademik Cherskiy finished its initially planned workload.The $11 billion Nord Stream 2…
The U.S. Department of the Interior’s Bureau of Ocean Energy Management (BOEM) has moved a step forward towards advancing the federal wind leasing process offshore California.BOEM said Wednesday it would publish a Call for Information and Nominations…
Dutch offshore survey specialist Fugro has secured a contract with RWE to carry out geophysical exploratory works at Five Estuaries offshore wind farm, the extension project of the existing 353MW Galloper wind farm.Works are expected to take…
Canada will offer up to C$5.2 billion ($4.1 billion) to debt-ridden Newfoundland and Labrador to help it complete a problem-plagued hydroelectric power plant and also ease the Atlantic province's fiscal plight, Prime Minister Justin Trudeau said on Wednesday…
Offshore drilling firm Transocean said Wednesday it had secured contracts for two offshore drilling rigs in the Gulf of Mexico. The contracts are worth $55.5 million in total.Transocean said that its Deepwater Conqueror drillship had won a one-well contract with 'a major operator' in the U…
World Energy Reports estimate that more than 100 wind farm installation and maintenance vessels will be required over the next decade. This is due to the proliferation of offshore wind farm projects planned for construction over the next 10 years…
Offshore cable manufacturer Nexans will deliver export cable for Equinor's floating solar pilot offshore Frøya in Norway. The floating solar project is slated to come online in December 2021 and will be the world’s first floating solar plant operating in rough offshore waters…
The Norwegian oil and gas authorities have approved the start-up of the Neptune Energy-operated Duva field in the North Sea.Neptune Energy estimates the reserves at around 71 million barrels of oil equivalent to be at the field.The Duva oil…