Norwegian offshore service and supply ship shipping company Solstad Offshore has won a four-year contract extension with the seabed-to-surface engineering company Subsea 7 for the construction support vessel (CSV) Normand Subsea.The duration of the contract is now firm until 31…
Mexico's national oil company Pemex narrowed its multibillion-dollar losses last year, executives said on Wednesday, as it seeks to fast-track the development of 20 new fields this year in a bid to bring new streams of crude online.Long a source of Mexican pride and a potent political symbol…
Mexican state oil company Pemex reported a loss of 125.5 billion pesos ($6.4 billion) for the fourth quarter on Wednesday, narrowing its loss from the same period in 2017, as the firm's finances face renewed scrutiny following a credit downgrade last month…
Rates for hiring offshore rigs to drill in ultra deepwaters such as the U.S. Gulf of Mexico could double over the next couple of years as the market recovers, the head of the world's largest offshore driller by market capitalisation said on Wednesday…
Torque machine solutions provider EnerQuip said a recent contract delivery for Vantage will mark the first time one of its high torque machines will be used on a drillship, the sixth generation ultra-deepwater capable Tungsten Explorer.The 200…
Subsea 7 S.A. announced Wednesday it has been awarded a contract by BP Exploration for the provision of subsea construction, inspection, repair and maintenance services covering BP’s North Sea region portfolio of assets West of Shetland and Northern North Sea…
Royal Dutch Shell aims to boost output and recoverable reserves from its Ormen Lange gas field off Norway by installing subsea compressors, the head of its Norwegian operations said on Wednesday.Output from Shell-operated Ormen Lange, Norway's…
The Canadian developer Northland Power has signed a power purchase agreement (PPA) with state utility Taiwan Power Company (Taipower) for the 300MW Hai Long 2a wind farm off Taiwan.Northland and its partner Yushan Energy own 60% and 40% of Hai Long 2A…
Abu Dhabi’s Mubadala Petroleum said it has signed the production-sharing contract (PSC) with its partner PTTEP Energy Development Co. for an offshore block containing the Erawan producing gas field in Thailand.The current block G1/61 concession will expire in April 2022…
The first wind turbines in the 370MW Norther offshore wind farm, he largest offshore wind farm in Belgium, has delivered first power to the Belgian grid.Construction on Norther is still in full swing. But four of the turbines that are already finished were connected to the power grid today…
Exxon Mobil Corp has resumed seismic exploration for oil and gas off of the coast of Guyana after halting work in December due to a run-in with the Venezuelan navy, a Guyanese government official said on Tuesday.Vessels have been able to travel unimpeded since the incident…
Dutch maritime contracting company that specializes in dredging, marine engineering and offshore projects, Van Oord has ordered the construction of two state-of-the-art water injection vessels at Kooiman Marine Group.The new vessels will be…
Exxon Mobil Corp said on Tuesday it added 4.5 billion oil-equivalent barrels of proved oil and gas reserves in 2018, driven mainly by increases in its holdings in the U.S. Permian Basin, Guyana and Brazil.The oil major said its proved reserves totaled 24…
With the newly developed J102 heavy lift jack-up design, Ulstein says it presents its answer to the offshore wind industry’s need for fit-for-purpose, cost efficient yet future proof wind turbine installation vessels. The new design is part of Ulstein’s X-JACK series of heavy lift jack-up designs…
Golar LNG Limited announced Tuesday that its newly incorporated subsidiary Gimi MS Corporation has entered into a 20-year Lease and Operate Agreement (LOA) with BP for the charter of a floating liquefied natural gas (FLNG) unit, Gimi, to service…