U-Ming Marine Offshore Company Limited (UMO) has acquired two secondhand crew transfer vessels (CTVs) and completed their reflagging.The company, a joint venture between U-Ming Marine Transport Corporation and World Marine Offshore A/S, said the vessels…
Australia's Woodside Petroleum reported a more than twofold jump in quarterly revenue on Tuesday, buoyed by rising oil and gas prices, and it expects to benefit in the longer term from energy security fears due to Russia's invasion of Ukraine…
A floating liquefied natural (LNG) gas terminal will enter operation at the start of 2023 in the German state of Schleswig-Holstein, newspaper Die Welt reported on Tuesday, citing state premier Daniel Guenther.'We are working at full speed on this…
Shell has decided to withdraw from the North Sea licenses containing the Resolution and Endeavour gas discoveries, Egdon, its partner in the licenses, said Tuesday.'Egdon Resources advises that Shell U.K. Limited has informed Egdon and the North…
Offshore drilling company Seadrill has secured contracts for two of its drilling rigs, the West Neptune and the Sevan Louisiana in the U.S. Gulf of Mexico. The contracts are worth $105 million in total.The West Neptune, a 6th generation ultra-deepwater drillship…
A six-legged robot has demonstrated how it can inspect wind turbine bolts autonomously, removing the need for technicians to loosen and retighten thousands of bolts per wind turbine as part of routine maintenance.Funded by Innovate UK and executed…
Spanish renewable energy company Iberdrola said Monday it has received approvals to start construction of the Baltic Eagle offshore wind farm in Germany.With a capacity of 476 MW, Baltic Eagle will be capable of supplying renewable energy to 475…
Malaysia's Petronas on Friday signed a Production Sharing Contract (PSC) with SK earthon and Petroleum Sarawak Exploration & Production Sdn. Bhd. (PSEP) for Block SK427 off the coast of Sarawak. SK earthon, a subsidiary of South Korea’s SK Innovation…
Thai oil and gas company PTTEP has become the official operator of the G1/61 offshore block, containing the Erawan, Platong, Satun, and Funan fields, as well as the G2/61 project, containing the Bongkot field, offshore Thailand.Back in December 2018…
Danish wind turbine maker Vestas has together with its partner Tien Li Offshore Wind Technology (Tien Li) produced the first V174-9.5MW blade at its facilities in Taiwan.The blades, part of Vestas' V174-9.5MW offshore turbine, will be installed…
French oil and gas services provider Technip Energies expects to ramp up activity outside of Russia this year, it said on Monday as rising demand for liquefied natural gas (LNG) helped it to a better than expected first-quarter profit.'Despite…
Guyana sold its first share of crude oil from the country's newest offshore production facility to ExxonMobil for about $106 million, the government said.One of South America's poorest nations, Guyana plans to use proceeds from oil in the short term to build roads…
Offshore drilling firm Sonadrill, a 50:50 joint venture between Seadrill and an affiliate of Sonangol, has secured a ten-well contract with options for up to eight additional wells in Angola for the West Gemini drillship.The total contract value…
Following billionaire Vagit Alekperov's resignation as president and director of Russian oil major Lukoil earlier this week, the firm announced on Friday that Vadim Vorobyev would take over as interim president.Vadim Vorobyev currently serves as the first executive vice president of the company…
Should Japan ever exit the Sakhalin energy projects in Russia and their stakes were acquired by Russia or a third country, this would weaken the effectiveness of Western sanctions and benefit Russia, Japan's industry minister said on Friday…