The U.S. EXIM Bank has amended its previously approved September 2019 direct loan supporting U.S. exports for the development and construction of the Total-operated LNG project located on the Afungi Peninsula in northern Mozambique.The original scope of the $4…
Israeli energy conglomerate Delek Group said on Sunday it was in talks to sell royalty rights to two small natural gas fields and was amending its proposed share offering.Delek said it planned to sign a 300 million shekel ($85 million) deal…
Fred. Olsen Windcarrier’s jack-up vessel Blue Tern on Sunday installed the final turbine at Trianel Windpark Borkum II offshore wind farm in Germany.'The last big components were installed Saturday, and final bolt and nut Sunday early morning…
Dubai's Drydocks World shipyard has started construction of the offshore wind installation vessel for the Dutch company Boskalis.Drydocks World held a steel-cutting ceremony on Monday to mark the start of production on a conversion project for Boskalis B…
Offshore service provider ODE, part of DORIS Group, has won a duty holder contract from NEO Energy (NEO) for the Babbage field in the Southern North Sea.'This is a significant ODE milestone as the first installation and pipeline operator (duty holder) appointment in the UK Continental Shelf (UKCS)…
Lundin Energy has cut its 2020 oil and gas output target after Norway's decision to reduce production along with OPEC+ producers, the Swedish company said on Monday.The company has a 20% stake in the Equinor-operated Johan Sverdrup field, which reached phase-one plateau output of 470…
Brazil's state-run Petrobras sees no need for cuts in oil production, executives say, as the market for its crude remains robust in China, while domestic demand for fuel picks up amid social distancing fatigue in Latin America's largest economy…
Israel Natural Gas Lines Ltd. (the 'Company'), an Israeli fully owned governmental company, hereby invites Israeli and non-Israeli bidders to submit Bids for the performance of Surveys of its Offshore Line Gas Transmission System (the 'Tender')…
Offshore drilling contractor Transocean is disposing of a pair of floating drilling units, the ultra-deepwater semi-submersible drilling rig GSF Development Driller II, and the midwater semi-sub Transocean 712.The 2005-built GSF Development Driller has been stacked since 2016…
Cargotec's MacGregor has secured orders to equip Edda Wind's new offshore wind service vessels, ordered from Spanish shipyards.Two of the equipment packages were awarded by the shipbuilder Astilleros Gondán in Asturias for Edda Wind's Commissioning Service Operation Vessels (CSOV)…
BP said on Tuesday that oil output at its projects in Azerbaijan declined to 524,000 barrels per day (bpd) in the first quarter of 2020 from 571,000 bpd a year earlier.Associated gas output at the Azeri-Chirag-Guneshli (ACG) oilfields was 7…
Inpex Corp, Japan's top oil and gas company, on Tuesday cut its annual net profit forecast by 93% after first-quarter earnings slumped due to an oil price collapse and as the coronavirus pandemic choked off international energy demand.The group…
Serica Energy has hired Awilco Drilling's WilPhoenix semi-submersible drilling rig for the intervention work on the Rhum-3 ('R3') well in the UK North Sea.The 3rd-Generation, Enhanced Pacesetter, harsh-environment, mid-water, semi-submersible…
Van Oord’s heavy lift vessel Svanen has arrived at the Danish Kriegers Flak Offshore Wind field in the Baltic Sea off Denmark, where it will install foundations for wind turbines.The Dutch offshore contractor entered into an agreement with Vattenfall…
Aker ASA, a major investor in Norway's oil and oil service industries, is preparing its businesses for an extended period of low crude prices, its chief executive said on Friday'I don't expect the oil market to come into balance during the next couple of years…