Offshore services firm Subsea 7 has extended an existing frame agreement with BP for subsea construction, inspection, repair and maintenance (IRM) services across the oil and gas major’s North Sea assets.This is the latest extension since the original frame agreement began in 1998…
Norwegian-registered Hercules Supply has placed an order for a new multipurpose offshore support vessel (MPSV) from Chinese shipyard Fujian Mawei.Slated for delivery on in the fourth quarter of 2025, the newbuild—a Z 4423 MPSV design from Norwegian…
Spanish company BlueFloat Energy has partnered up with Sydney-based Origin Energy to develop a 1.7GW project at Australia’s Hunter offshore wind zone.The partners have already applied for a Feasibility License to develop the project dubbed Eastern Rise…
Mubadala Energy has made a significant gas discovery from the Layaran-1 Exploration well, drilled in South Andaman, offshore North Sumatra in Indonesia.Mubadala Energy is the operator of the South Andaman Gross Split PSC and this is the first deep water well operated by the company…
BP's board has shortlisted interim CEO Murray Auchincloss and two senior female executives as internal candidates to replace Bernard Looney as chief executive, three company and industry sources told Reuters.BP was thrown into turmoil after…
Cenosco, a provider of asset integrity software, have acquired complete ownership of the intellectual property (IP) rights of the jointly developed IMS, Integrity Management System. IMS is an Asset Integrity Management software suite, which…
Norwegian energy industry giant Equinor has entered long long-term gas sales agreements with Germany’s state-owned energy company SEFE (Securing Energy for Europe), which also cover prospects for low-carbon hydrogen supplies.Under the agreements…
Project companies Tyrrhenian, Nurax, Poseidon and Seas Geosciences have joined forces on preliminary investigations for three planned floating wind farms in the Mediterranean, with work to take place in early 2024.The areas for the three projects…
The Dutch government, through Energie Beheer Nederland (EBN), is stepping in as an active partner in the world’s first project that aims to produce green hydrogen on an operational gas platform in the North Sea.The PosHYdon project will integrate…
UTEC Survey Asia, a Geo-services brand in Acteon’s Data and Robotics division, has entered a strategic agency agreement with Front End, a 100% Saudi-owned company providing advanced products and solutions to the offshore energy industry.This…
Norwegian offshore vessel operator DOF Group has secured two new projects – one in the North Sea and the other in Asia Pacific region – whose combined revenue is expected to bring in $30 million to the company. The first contract for DOF covers engineering…
Oil prices were little changed on Tuesday as investors eyed the impact on oil supply after attacks by Yemen's Iran-aligned Houthi militants on ships in the Red Sea disrupted maritime trade and forced companies to reroute vessels.Brent crude futures rose 6 cents to $78…
The installation of the first offshore substation platform (OSP) for Ocean Winds’ Moray West offshore wind farm has been completed by Boskalis, using its DP vessel Bokalift1.The heavy lift operations in the Port of Nigg and on-site were completed successfully and safely…
The disruption to energy flows in the Red Sea is unlikely to have large effects on crude oil and liquefied natural gas (LNG) prices as vessel redirection opportunities imply that production should not be directly affected, Goldman Sachs said…
Mexico's Grupo Carso reached an agreement to indirectly purchase for $530 million a 50% stake in the offshore, shallow water Ichalkil and Pokoch oil fields, according to a company filing published on Monday.The fields, located offshore from the Mexican state of Campeche in the Gulf of Mexico…