Malaysian oil and gas giant Petronas has awarded two Front End Engineering Design (FEED) contracts to a JGC Corporation-Samsung Heavy Industries consortium and to Saipem as part of an international dual FEED design competition for a nearshore liquefied natural gas (LNG) project in Sabah…
Floating wind industry foundation developer BW Ideol has signed an agreement to acquire a 5% ownership in the 30MW EolMed floating wind pilot project in the French Mediterranean.'This investment confirms the company’s dual-track growth strategy…
NorthStone Advisers, a company describing itself as 'an energy sector specialist provider of market analysis, growth strategy, and organizational development has this week officially launched in Aberdeen, UK.Created by a group of industry experts…
The UK Oil and Gas Authority has granted Orcadian Energy a “Letter of no objection” related to the oil and gas company's development concept for the Pilot field in the UK North Sea.The letter signals the finalization of the “Assessment phase”…
American Bureau of Shipping (ABS) has granted its ABS SUSTAIN 1 Notation for two Harvey Gulf International Marine offshore support vessels, recognizing how their design and operation are aligned with UN Sustainable Development Goals (UNSDGs)…
Greenalia, a Spanish firm working to build a 50MW floating wind farm off the Canary Islands, has received authorization in terms of aeronautical easements by AESA (State Aviation Safety Agency) for the assembly of the four wind turbines of the Gofio wind farm…
Eneti, an offshore wind installation company in the making, said Thursday it had entered into a binding agreement for the construction of one wind turbine installation vessel (WTIV).The company, formerly known as Scorpio Bulkers, ordered the…
Maersk Training has said it has won a six-figure contract to provide Training Management Services (TMS) for Boskalis Subsea Services’ 1000-strong global workforce. The contract is for three years with a two-year extension option.Maersk Training will deliver solutions for offshore survival…
Singapore state investor Temasek is working with its portfolio companies to help them become more green as advancing sustainability goals becomes the new normal, the firm's chief sustainability officer said on Thursday.Temasek, with a portfolio valued at S$381 billion ($278…
China told Indonesia to stop drilling for oil and natural gas in maritime territory that both countries regard as their own during a months-long standoff in the South China Sea earlier this year, four people familiar with the matter told Reuters…
Kristin Færøvik, Managing Director of Lundin Energy Norway, a Norwegian subsidiary of the Swedish oil firm Lundin, will retire from her position on December 31, 2021. Morten Grini has been appointed as the new Managing Director from January 1…
In announcing project sanction on the Scarborough and Pluto Train 2 project last week, Woodside CEO Meg O’Neill emphasized that as well as being both low carbon and globally cost-competitive, it was the strength of demand “particularly in our…
U.S. oil producer Chevron Corp on Wednesday said it plans to boost spending on new oil and gas projects in 2022 by 20% to $15 billion, while also raising shareholder returns.Major oil companies are responding to a jump in profits this year from higher oil and gas prices…
The UK oil and gas industry regulator Oil and Gas Authority has launched its second Wells Insight report, which shows that the number of exploration and appraisal wellbores spudded has been on a decline, however, success rates have improved…
Brazilian Economy Minister Paulo Guedes said on Wednesday that state-run oil company Petrobras should be privatized before it becomes irrelevant and oil loses value, suggesting the government could use the sale proceeds to reduce poverty.Citing…