SBM Offshore has secured project financing worth $465 million for the Chalchi floating storage and offloading (FSO) vessel, being built for Woodside Energy's Trion project offshore Mexico.The financing has been provided by a consortium of international…
Norwegian shipbuilder Vard has delivered a hybrid construction and cable laying vessel (CLV) to Japan's Toyo Construction, marking its first vessel delivery to the Japanese offshore wind market.The vessel was handed over at Vard Langsten in Norway on June 26…
Vestigo Petroleum, a subsidiary of Petronas Carigali, has contained a fire that broke out at its West Lutong Vent A (WLV-A) facility offshore Sarawak in Malaysia and launched an investigation into the cause of the incident.The fire occurred at about 2:00 p…
Eni and Libya's National Oil Corporation (NOC) have started production from the Sabratha Compression Project offshore Libya, a development aimed at sustaining and increasing gas output from the Bahr Essalam field.The project, developed through the Mellitah Oil & Gas joint venture…
SBM Offshore has signed a contract with Shanghai Waigaoqiao Shipbuilding (SWS) and China Shipbuilding Trading (CSTC) for the construction of its seventh generic Fast4Ward Multi-Purpose Floater (MPF7) hull.The MPF7 will use SBM Offshore's proprietary…
Around 1,000 Norwegian oil service workers were locked out on Saturday morning in an escalation of a labour dispute that is expected to disrupt drilling and some production on the Norwegian continental shelf.The lockout was declared in response…
TDI-Brooks has successfully completed a 2D high-resolution shallow hazard seismic survey offshore Trinidad & Tobago. The acquired and processed lines support de-risking efforts for a planned offshore cluster installation, as well as the subsequent drilling of wells from this structure…
Equinor has decided to end its offshore wind business activities in Japan, where it has been since 2018 but has failed to win any leases in successive auctions, and close its Tokyo office by the end of 2026.Orsted, the world's largest offshore wind developer…
Aker Solutions signed a 'sizeable. ($50m to $150m by the company's definition) five-year agreement with Cenovus Energy Inc. for engineering and maintenance services on White Rose field assets.The White Rose field is located approximately 350 km east of St…
Offshore floating solar company SolarDuck and the Maritime Research Institute Netherlands (MARIN) have been awarded a USD$3.64 million (€3.2 million) subsidy from the Netherlands Enterprise Agency (RVO) for the Steady Seas research program.…
After several years of strong activity, the Middle East offshore market has become more volatile, with geopolitical tensions disrupting day-to-day operations. Following US and Israeli military action and subsequent Iranian attacks on neighbouring Gulf states…
Baker Hughes has secured a significant contract award from Azule Energy to supply subsea production systems for the Greater PAJ development offshore Angola.Under the agreement, Baker Hughes will provide deepwater horizontal tree systems for the ultra-deepwater greenfield project…
Tower Resources has received formal approval from Namibia's Ministry of Industries, Mines and Energy (MIME) for the farm-out of its PEL96 license offshore Namibia to Prime Global Energies, clearing the final outstanding condition precedent for the transaction…
India's Oil and Natural Gas Corporation (ONGC), supported by energy and marine consultancy ABL, has completed the relocation of 44 jack-up rigs ahead of the monsoon season.The pre-monsoon rig moves were carried out between March 15 and May 31…
Clariant Oil Services has deployed an anti-agglomerant low-dosage hydrate inhibitor technology in offshore fields in Norway and the United Kingdom that meets OSPAR environmental requirements for North Sea operations.The company's HYTREAT ECO…