The Johan Sverdrup, Norway's giant oil field in the North Sea, is expected to increase its daily production capacity up to 535,000 barrels of oil by mid-2021, Equinor, the operator of the field said.The increase is around 100,000 barrels more than the original basis at start-up in October 2019…
Abu Dhabi Ports’ maritime arm SAFEEN has signed an agreement with offshore vessel owner Allianz Marine & Logistics Services (AMLS), to launch a new international provider of integrated maritime logistic services.'Operating under the title of…
Transborders Energy, an Australian company working to develop a 1.5 mpta FLNG solution for marginal field development, on Wednesday said it had signed a multi-party and multi-project FLNG Solution Agreement with multiple contractors, bringing the FLNG unit closer to reality…
Bulgartransgaz, the operator of the national natural gas transmission network of Bulgaria, has officially taken a 20% share in Greek company Gastrade that is developing an LNG floating storage and regasification unit (FSRU) offshore Alexandroupolis…
UK-based Global Energy Group and Italy's Rosetti Marino have entered into a strategic partnership to execute large scale renewable energy and energy transition EPC and EPCI contracts in the UK.Under the agreement, which is for five years, a 2-year extension option…
Singapore's Keppel Offshore & Marine, a company famous for its offshore rig construction, is set to undergo a major transformation, look for opportunities as a developer and integrator of offshore energy and infrastructure assets, and exit the offshore rig building business…
EDF Renewables is looking to build phase two of the Blyth Offshore Demonstrator (BOD) wind farm off the coast of Northumberland, England, using floating offshore wind technology. Once completed it would be among the first projects of this kind in English waters…
President Joe Biden on Wednesday signed a new raft of executive actions to combat climate change, including pausing new oil and gas leases on federal land and cutting fossil fuel subsidies, as he pursues green policies he billed as a boon for job creation…
Swedish independent oil company Lundin Energy raised its output forecast on Thursday and reported stronger than expected fourth-quarter earnings as Norway's largest oilfield Johan Sverdrup ramped up production.Lundin expects to achieve carbon neutrality for operational CO2 emissions from 2025…
Oilfield services firm Petrofac has secured an 'enhanced' five-year contract with INEOS FPS, the operator of the key UK North Sea pipeline system - the Forties.Under the terms of the agreement, Petrofac will continue to supply personnel to the Unity Platform in the Central North Sea…
Three consortia including Asian shipyards are preparing to compete to build Brazil’s Petrobras’ first two in-house platforms in more than seven years, according to four people familiar with the tender who declined to be named as the information is private…
Neptune Energy has started drilling on the Seagull oil and gas development in the UK Central North Sea, the company said Thursday.Neptune is using the Gorilla VI (JU-248) jack-up rig, operated by Valaris. The company will drill four wells for…
Norwegian oil and gas firm Equinor has awarded contracts to Subsea 7 and Aibel in support of the realization of the Northern Lights carbon capture project in Norway.The Northern Lights project is part of the Norwegian full-scale carbon capture and storage (CCS) project “Langskip” (Longship)…
Satellite communications company Inmarsat said it has secured a fleet-wide agreement with Tidewater to upgrade the majority of the offshore support vessel (OSV) owner's active fleet to Fleet Xpress, complete with advanced vessel technology efficiencies…
Dutch shipbuilder Damen's new Fast Crew Supplier (FCS) 7011, which will be able to carry 122 people in a single trip, hit the water earlier this month at Damen Shipyards Antalya, Turkey. The vessel, which Damen has dubbed 'as a quantum leap forward in marine access solutions…