Oil tanker operator AET has taken delivery of the Eagle Pilar, a new Suezmax Dynamic Positioning (DP2) shuttle tanker. The vessel has been purpose-built for long-term charter to Brazil Shipping I Limited, a Shell subsidiary.The vessel was delivered…
Malaysia’s state energy firm Petronas said on Monday it expects to resume full production at its Baram facilities, off the state of Sarawak on Borneo island, in the third quarter after halting output in October following an accident.Petronas…
Sakhalin Energy, an international consortium operating an offshore gas-fed LNG plant in eastern Russia, set a record for LNG production in 2020.Sakhalin Energy said Wednesday that it had in 2020 produced and shipped a record amount of liquefied natural gas (LNG): 178…
Norwegian oil company Vår Energi has appointed Torger Rød as the company’s new CEO. Rød will take over from Kristin F. Kragseth who has recently accepted the position as CEO of Petoro, the management company for the Norwegian state-owned oil and gas interests…
A judge in The Bahamas has refused to grant any orders that would affect Bahamas Petroleum Corporation's current operations in the country, meaning that the drilling of Perseverance #1 well, spudded on December 20, will continue. Further hearings…
Norway's Equinor has breached safety regulations at its long-delayed Martin Linge oil and gas development and must fix the problems before output can begin, an industry regulator said on Tuesday.Following an audit of control, monitoring and safety systems…
EIG Global Energy Partners has sold to Fluxys Belgium a portion of South America's biggest natural gas pipeline, clearing a regulatory obstacle to buying a bigger share of the Brazil-Bolivia duct, EIG's CEO said on Tuesday.U.S.-based EIG wants…
Oil prices climbed nearly 5% on Tuesday after news that Saudi Arabia will make voluntary cuts to its oil output, while international political tension simmered over Iran's seizure of a South Korean vessel.Brent crude futures rose $2.51, or 4…
Norwegian oil and gas company Pandion Energy has agreed to acquire interests in two offshore production licenses in Norway from Wintershall DEA.Pandion will acquire a 2.5 percent interest in PL 820 S and a 15 percent interest in PL 617, both in the North Sea…
Japanese engineering and construction company Chiyoda has won a deal to design, develop, and engineer a Floating, Storage, Re-gasification and Power Generation unit in Papua New Guinea ('PNG') for Papua New Guinea’s national oil and gas company Kumul Petroleum…
Sevan SSP, a company designing cylindrical, offshore facilities such as FPSOs and offshore rigs, has entered the floating wind game with its SWACH design.'Sevan SSP is happy to announce our participation in the development of floating offshore wind energy with our Sevan Wind concept…
Malaysian oil company Petronas Carigali has awarded Tanjung Offshore a contract for the provision of a mobile offshore production unit.Tanjong offshore will be responsible for the provision, operation, maintenance, of the offshore platform, as part of Bayan Redevelopment Project Gas Phase 2…
Vietnamese offshore drilling company PV Drilling has recently signed a contract with Italian oil giant Eni for the supply of its PV Drilling VI jack-up rig.The contract, with Eni Vietnam, is for the oil company's 2021 drilling campaign, scheduled to start in early January off the coast of Vietnam…
Ashtead Technology has appointed a chief financial officer (CFO) and five managers for newly created roles across its international team.The company said the appointments underline the company's 'strategic growth plans to cement its leading…
Danish offshore engineering group Ramboll has recently announced that said its Group Chief Operating Officer Markku Moilanen and Group Chief Innovation Officer Hilde Tonne would both leave the company to take on CEO positions elsewhere.Markku Moilanen will be joining YIT Corporation as CEO…