Dutch FPSO leasing firm SBM Offshore has signed the project financing of FPSO Almirante Tamandaré for a total of $1.63 billion.The Dutch company in July 2021 signed contracts with Brazil's Petrobras for the 26.25 years lease and operation of FPSO Almirante Tamandaré…
Around 150 Sparrows Offshore Services contractors on offshore facilities in the UK will start strike action in a dispute over pay from Wednesday, April 5, workers' union Unite said Monday.'Dozens of platforms and operators to be hit including Shell and Harbour Energy…
Baker Hughes has secured an order from QatarEnergy to supply two main refrigerant compressors (MRCs) for the North Field South (NFS) project, which will be executed by Qatargas. The MRCs are part of two LNG “mega trains” representing 16 million…
KBR has received a Letter of Intent (LOI) from Equinor Canada for the front-end engineering design (FEED) of the topside facilities of the new Bay Du Nord FPSO to be located offshore Newfoundland, CanadaThe agreement also includes an option…
Offshore installation firm Ocean Installer has formalized an alliance with energy industry services giant Baker Hughes to deliver a new, integrated subsea engineering solution that, the company says, provides efficiencies from project appraisal through to operations…
Oslo-listed FPSO leasing firm BW Offshore said Friday it had signed a short-term extension for the lease and operation of the FPSO Espoir Ivoirien.The FPSO is operating on the Espoir field offshore the Ivory Coast for CNR International.The short…
South Africa-based Ultimate Aviation has acquired North Sea helicopter services provider Offshore Helicopter Services.OHS UK was previously acquired by CHC from FTSE 250 company Babcock International Group plc in 2021, along with Babcock’s offshore oil and gas operations in Denmark and Australia…
Oil prices surged on Monday, posting the biggest daily rise in nearly a year, after a surprise announcement by OPEC+ to cut more production jolted markets.Brent crude was trading at $83.89 a barrel by 0627 GMT, up $4, or 5%, after touching the highest in a month at $86…
Heerema Marine Contractors has completed the installation of 24 turbines for Parkwind’s Arcadis Ost 1 offshore wind farm and most turbines are already producing electricity. Three remaining turbines will be installed later this year.The 257…
Oil and gas company BW Energy said Monday it had completed the drilling and completion operations on DHIBM-3H, the first production well of the Hibiscus / Ruche Phase 1 development campaign in the Dussafu license offshore Gabon. 'Responsibility…
Italian energy industry services firm Saipem said Monday it had won three new offshore contracts and two competitive FEED contracts totaling around $650 million.Azule Energy has assigned the first contract for the Agogo Full Field Development project…
U.S. field production of crude oil rose in January to 12.46 million barrels per day (bpd), the highest since March 2020, Energy Information Administration (EIA) data showed on Friday.Among the top oil producing states, monthly output in Texas rose 1…
Italy's Eni said on Friday it was involved in five carbon capture projects selected by Britain in a first group of initiatives worth 20 billion pounds ($25 billion) of government funding.The British government last Thursday said it had shortlisted…
BW Offshore has signed a short-term extension for Abo FPSO with Nigerian Agip Exploration Ltd, a subsidiary of ENI S.p.A.In January 2023, the contract for Abo FPSO, used for production from the Abo field offshore Nigeria, was extended until the end of March 2023…
Australian oil company Karoon said this week that it had brought on stream the PAT-1 well at its Patola field, offshore Brazil.The PAT-1 is the second of two new production wells drilled into the Patola field in the BM-S-40 production license in Brazil…