Clean-up efforts after an oil spill from a well in Indonesia's Java Sea will take until at least March next year, state energy firm Pertamina said on Thursday as it struggles to plug the underwater leak.The spill started on July 12 when Pertamina…
BHP Group said on Thursday it has approved $283 million in funding to develop the Ruby Project offshore in Trinidad and Tobago.Total investment in the project, in which operator BHP holds a 68.5% stake, is about $500 million, the company said…
U.S. oil major Exxon Mobil has hired investment bank Jefferies to sell the stakes it holds in oil and gas fields off the Norwegian coast, which could fetch up to $4 billion, banking sources said.Exxon said in June that it was looking to test market interest for its Norwegian upstream portfolio…
Acta Centaurus, a new DP2 walk-to-work offshore wind construction support vessel owned by Netherlands-based Acta Marine, will be fitted with hybrid propulsion capability from Wärtsilä, the Finland-based technology group announced on Thursday…
Nigeria-focused oil and gas development and production company Sirius Petroleum now says its license for the shallow water Ororo field in Nigeria hangs in the balance after the firm failed to launch its next phase of the field work program on…
UK's marine engineering services provider James Fisher and Sons has acquired 60% of the share capital of Continental Participação E Administração, the holding company of Brazilian subsea specialist Serviços Marítimos Continental.Continental…
United Kingdom-based exploration and production company Europa Oil & Gas (EOG) has been awarded a 15-year frontier exploration licence for an area in the Slyne Basin, offshore Ireland.The area includes Europa’s flagship Inishkea prospect, which…
Academics from Manchester Metropolitan University (MMU) have won a grant to develop computer models to test the best methods to stabilize and control the motions of the turbine and its semi-submerged support structure.Wave simulation specialists…
The provider of specialized services for the offshore industry, Jan De Nul Group said that its cable laying vessel Willem de Vlamingh has completed installation of the three export cables at the 120MW Formosa 1 phase two offshore wind farm in Taiwan…
UK based Independent Oil & Gas (IOG) has confirmed that the Maersk Resilient rig spudded the Harvey appraisal well on 6 August 2019.The North Sea firm said in a press release that as previously indicated, completion of the well is expected to take approximately two months in the success case…
A new study from the University of Aberdeen authored by Professor Alex Kemp and Linda Stephen entitled 'The Potential Contribution of Cluster Developments to Maximizing Economic Recovery in the UKCS' has studied the development economic aspects…
Houston-based networking solutions provider RigNet said it has signed a multi-year contract extension with offshore driller Valaris (formerly EnscoRowan).Under the agreement, RigNet will continue to provide Managed Communication Services including…
The idea to connect Ocyan (formerly Odebrecht Oil and Gas) with startups was the main driver behind the oil company's Ocyan Waves Challenge project, as the company looks to advance its innovation efforts and nurture oil and gas technology development…
Floating production solutions specialist Amplus Energy Services announced on Wednesday that it has been awarded a multimillion-dollar contract to reevaluate the development of marginal fields in Angola with the aim to form economically viable…
Two Turkish drill ships are continuing operations in the eastern Mediterranean and another ship will join them this month, Energy Minister Fatih Donmez said, as a dispute over natural resources there fuels tensions between Turkey and Cyprus…