Canada will spend C$320 million ($238.56 million) to support its offshore oil industry in Newfoundland and Labrador, which has struggled as coronavirus pandemic travel restrictions reduced demand, the government said on Friday.The funds are…
Brazilian national oil company Petrobras has launched a teaser for the potential sale of its interests in Albacora and Albacora Leste deepwater offshore blocks in Brazil.Petrobras is selling a 100% operated working interest in the Albacora offshore…
Shares of Offshore Heavy Transport, a maritime heavy lift and transportation company with growing involvement in the offshore wind space, will start trading at Norway's Merkur Market on Monday, September 28.The shares have been approved for…
Norwegian oil firms plan to close down 22% of the country's oil and gas output, or 900,000 barrels of oil equivalent per day, if workers go on strike next week, the Norwegian Oil and Gas Association (NOG) said on Friday.Some 324 workers out of 7…
Denmark on Friday launched the tendering process for what will be its largest offshore wind farm - Thor.Thor will have a capacity of 800-1000 MW when it is fully installed and connected to the grid, which is expected to happen by 2027, at the latest…
Australian oil and gas operator Woodside has signed a contract with Norway's drilling equipment firm Enhanced Drilling to equip its Senegal-bound drillships with EC-Drill controlled mud level system.In Senegal, Woodside is working to bring online Senegal's first offshore oil development Sangomar…
Greece has pushed back a deadline for the submission of non-binding bids for a contract to run an underground gas storage facility in the northern Aegean Sea.Privatization agency HRADF, which manages the concession, said on Friday it had extended the deadline for initial bids to Oct…
Malaysian offshore vessel operator Bumi Armada, has via its JV company with Shapoorji Pallonji, secured a ten-year charter for the Armada Sterling FPSO with the Indian oil giant ONGC.Bumi Armada said Friday that under the contract Armada Sterling…
The Norwegian authorities have received applications from 33 oil companies for the offshore acreage to be awarded in the licensing round Awards in Predefined Areas (APA) 2020.Norwegian Minister of Petroleum and Energy, Tina Bru: 'In a challenging year for the petroleum industry…
Norwegian oil company OKEA will acquire an interest from Neptune Energy in an offshore block in Norway containing the Calypso prospect, with a potential of up to 37 million barrels of oil.OKEA will take a 30% working interest in the production license PL938…
Oil and gas company Jadestone Energy and OMV have agreed to extend the long-stop date for the completion of Jadestone's acquisition of OMV's stake in the Maari project, in the shallow waters offshore New Zealand.Singapore-based Jadestone in…
Bahamas Petroleum Company (BPC) expects to spud its maiden well offshore The Bahamas called Perseverance #1, in December 2020, using the Stena IceMAX drillship.BPC in May signed a drilling contract with Stena Drilling for a sixth-generation drilling rig…
Brazilian oil firm Petrobras has awarded Singapore's POSH two long term charters for the semi-submersible accommodation vessels POSH Arcadia and POSH Xanadu.The offshore accommodation rigs will be used for maintenance and accommodation support…
Harvey Gulf International Marine announced Thursday it will install 10 battery systems on board eight of its vessels as the U.S. based offshore vessel owner continues its efforts to transform its fleet for greener operations.Harvey Gulf said…
U.K.-based marine services firm Manor Renewable Energy (MRE) said its newest crew transfer vessel (CTV), Manor Endurance, has embarked on its first charter supporting the East Anglia ONE offshore wind farm, off the U.K.’s East Coast.The launch…