Austria's OMV has agreed to establish a joint venture with Malaysia's Sapura Energy Bhd , paying $540 million for a 50 percent stake in its exploration assets in line with its strategy to expand in Southeast Asia.Sapura Energy will transfer $350 million of its debt into the new firm…
Rosenberg WorleyParsons has been awarded an engineering, procurement, construction and installation contract (EPCI) by Lundin Norway ASO in the Norwegian Continental Shelf.The services include planning, engineering, prefabrication, offshore installation and commissioning support…
The American Petroleum Institute (API) released its newest valve standard as part of the industry’s continuous efforts to improve operational safety and environmental protection.According to a release from the agency, the “Specification 6A”…
London-based Tailwind Energy has announced the completion of the acquisition of Houston-headquartered oil and gas firm EOG Resources's UK portfolio. The oil and gas venture announced two months ago it has agreed with EOG Resources Inc to acquire EOG’s UK business…
Danish wind energy giant Orsted completed its previously announced takeover of Deepwater Wind from D.E. Shaw group in a deal valued at $510 million.The company closed the transaction of acquiring 100% of equity stake held by D.E. Shaw group in Deepwater Wind…
Newly re-elected Governor Andrew M. Cuomo issued a comprehensive solicitation seeking 800 megawatts or more of new offshore wind projects for New York.According to a press release issued by New York State Energy Research and Development Authority…
Eni president Claudio Descalzi has met Angola's president Joao Goncalves Lourenco in Luanda to discuss the Italian energy giant's operations in the country.During the meeting with President João Lourenço, Claudio Descalzi said that they discussed…
The manufacturer of specialty equipment for the oil and gas industry HydraWell has completed an offshore decommissioning project for TAQA in the Netherlands.The plugging job was conducted at one of the fields connected to the TAQA-operated P15 platform…
Russia's largest independent natural gas producer PAO Novatek has secured a new exploration license on the Gydan peninsula.The seventh largest publicly traded company globally by natural gas production volume said in a press release that its…
The UK has enough oil reserves to sustain production for the next 20 years and beyond, new figures indicate.A report published by the UK Government suggests that the overall remaining recoverable reserves and resources in the North Sea range from 10 to 20 billion barrels plus of oil equivalent…
Norwegian owner Solstad Offshore ASA informs it has been awarded a contract from Equinor for the two-year charter of the 2005-built platform supply vessel (PSV) Normand Skipper, and an extension for the 2013-built PSV Sea Falcon, for work in the U…
The U.K.’s oil and gas reserves remain at a level which could sustain production for at least the next 20 years and beyond if additional undeveloped resources can be matured, according to the U.K. Oil and Gas Authority (OGA).OGA’s ‘UK Oil and Gas: Reserves and Resources’ report…
Aquaterra Energy announced Thursday it has been awarded a contract by Equinor to deliver early well construction operations for the next 16 wells of the Johan Sverdrup field development in the Norwegian North Sea.The award follows Aquaterra…
Norwegian based Reach Subsea said it has entered an agreement with Dubai headquartered Topaz Energy and Marine to charter newbuild light subsea construction vessel Topaz Tiamat for 2.5 years, plus three one-year options.The Norwegian-built vessel…
Ocean energy solutions developer Ocean Power Technologies, Inc. has expanded its suite of complimentary products that leverage the core technology of the PowerBuoy, which include subsea batteries and a hybrid (liquid-fueled) PowerBuoy.George H…