Offshore wind developer Ørsted said Monday that first power on Hornsea 2 offshore wind farm in the UK was achieved after its offshore substation (OSS), the world’s largest offshore AC substation, and reactive compensation station (RCS), were installed in late October 2021…
Dutch floating oil and gas production firm SBM Offshore has secured a $620 million bridge loan facility for the financing of the construction of FPSO Alexandre de Gusmão, to be deployed in Brazil for Petrobras.The FPSO Alexandre de Gusmão will…
Malaysian oil firm Petronas said Friday it had with its consortium partners won the rights to the Sépia field, located in the Santos Basin, during Brazil’s Second Transfer of Rights Surplus Volume Bidding Round held in Rio de Janeiro.Sépia is a pre-salt oil field in the Santos Basin…
Subsea installation specialist Subsea 7 said Friday it had won a 'sizeable' contract with Aker BP for the Hanz field development located in the North Sea, offshore Norway. Subsea 7 defines a sizeable contract as being between $50 million and $150 million…
Brazilian oil company Enauta has approved the drilling of an additional well in the Early Production System (EPS) of the Atlanta field, in the Santos Basin, offshore Brazil.The Atlanta field normally produces oil via three wells linked to the FPSO Petrojarl I…
Offshore vessel owner DOF Subsea Australia has secured a contract with oil and gas company Beach Energy for the Otway Offshore Phase 5 - transport and installation project in Australia.'After collecting all permanent equipment from vendors and transportation to the offshore site…
BP's floating, production, storage, and offloading vessel (FPSO) for the Greater Tortue Ahmeyim gas project offshore West Africa is expected in Senegal waters for commissioning and testing by the end of 2022, a company executive said on Friday…
Austrian oil and gas company OMV has completed the sale of its stake in the Wisting oil field in the Barents Sea, offshore Norway, to Lundin Energy.The two companies had signed the sale and purchase agreement in October 2021, and after obtaining the necessary approvals from Norwegian authorities…
Subsea Integration Alliance, a partnership between Schlumberger and Subsea 7, has secured a contract with Australia's Woodside for the delivery of subsea pipelines and production systems for the Scarborough gas project offshore Australia.The multi-billion-dollar Scarborough gas field development…
Leonid Fedun, a vice president of Russian oil major Lukoil, said on Friday he expected OPEC+ to stick to its decision to raise oil production by 400,000 barrels per day (bpd) each month at its meeting in January.OPEC and allies including Russia…
Exxon Mobil Corp is prepared to bid on Friday for new blocks in Brazil's deepwater oil fields, a focus area for its oil and gas production growth, people familiar with the matter said.Any bid would mark its first big investment since it decided to resume spending after a historic…
Canadian-based firm Frontera Energy, the majority owner of CGX Energy and its partner in the Corentyne Block offshore Guyana, has informed that the Kawa-1 exploration well, spudded in the block in August, has encountered hydrocarbon presence…
Latin America's oil frontiers are back in the spotlight with auctions coming up in Brazil, Guyana, and the Andean region that are expected to attract bids from major oil firms despite a global call to end fossil fuel development.Brazil is set…
Africa needs harmonized oil legislation to avoid ruinous competition among its oil-producing nations as they vie for investors, Senegal's President Macky Sall told an oil conference on Thursday.Sall said that as some developed nations push for an end to investments in fossil fuels…
Greater Tortue Ahmeyim, the Kosmos and BP-backed gas project straddling Mauritania and Senegal, has resumed activities and is making 'good headway,' Mauritania's oil minister told an oil conference in Senegal on Thursday.'We have resumed our activities…