Saipem, in consortium with Boshelf LLC and STAR GULF FZCO, has recently been awarded three new contracts by BP for the development of the Azeri-Chirag-Gunashli oil and gas (ACG) field offshore Azerbaijan.Saipem has been a key contractor in this field since the 1990s…
Panoro Energy reported drilling results in the Hibiscus Updip well (DHIBM-1), located on Dussafu Marin Permit, offshore Gabon, “have significantly exceeded expectations” the company's CEO John Hamilton said.Panoro and operator BW Energy estimate…
Tensions between Cyprus and Turkey over offshore drilling intensified on Friday, with Nicosia accusing Turkey of a 'severe escalation' of violations of its sovereign rights.Turkey announced on Thursday that it had sent an oil-and-gas drilling…
Bernard Looney, who will replace Bob Dudley as chief executive of BP when he retires next year, faces the tricky task of navigating the energy major through a rising tide of environmentalism and the move to a low-carbon economy.BP on Friday appointed Looney…
Services company Subsea 7 said it has secured a contract from Shell for the Pierce depressurisation project in the UK North Sea, located approximately 160 miles offshore, east of Aberdeen.Shell announced it has taken financial investment decision (FID) for the project on Thursday…
The hull of Energean Oil and Gas’ Energean Power FPSO has been undocked and floated out from the COSCO Shipyards’ dock in Zhoushan, China, about 10 months after first steel cut. Once completed, the FPSO will be deployed at Energean’s Karish and Tanin fields offshore Israel…
Keel laying has been completed for Norway-based Offshore Heavy Transport (OHT)'s new crane vessel Alfa Lift currently under construction at China Merchants Heavy Industry (CMHI) yard in Jiangsu.'The new heavy installation crane vessel has reached…
DNV GL, the global quality assurance and risk management company, has awarded Siemens Gamesa Renewable Energy (SGRE) with type certification for the manufacturer's new 8MW offshore wind turbine.The certificate for the SG 8.0-167 DD machine…
Thirteen companies have been approved by Brazilian authorities to participate in a November oil bidding round for offshore exploration and production rights.The companies were cleared to participate in the so-called 6th pre-salt bidding round…
The starting gun on a subsea space race has now officially been fired with the first ever award of a contract that includes services from a subsea resident drone.But, what is less known is that the award, made by Equinor to Saipem for operations on the Njord field…
Mexican President Andres Manuel Lopez Obrador said on Thursday that his government is not seeking to take control of the Zama oilfield discovery, which is currently operated by a private consortium led by U.S.-based Talos Energy.Reuters reported earlier this week that Mexico's national oil company…
Operator Shell and its partner Ithaca Energy have taken final investment decision (FID) to upgrade the Pierce oilfield in the UK North Sea so that it can produce natural gas, Shell said on Thursday.The depressurization project involves modifying the existing floating production…
Foss Maritime LLC and Østensjø Rederi AS have signed a Memorandum of Understanding to establish a partnership to provide domestic service operation vessels (SOV) to owners and operators of offshore wind projects in US waters.Paul Gallagher, Vice President at Foss Maritime said…
After a week that saw Norway announce a record number of oilfields in operation and support for the UN Climate Change Committee’s new report, there’s a paradoxical window of opportunity for offshore suppliers offering increments of “green” savings…
Norway's Equinor has agreed to sell a 25% stake in Germany's Arkona offshore wind farm for around 500 million euros ($547.85 million), almost doubling the value of its investment, the company said on Thursday.The buyers are funds advised by Credit Suisse Energy Infrastructure Partners…