Exxon Mobil Corp on Friday said it is accelerating output at its Guyana offshore oil development, starting a new production vessel that will bring total capacity to more than 340,000 barrels per day.An Exxon-led consortium started production…
Austria is sticking with its opposition to including the Nord Stream 2 gas pipeline in a package of sanctions against Moscow that the European Union is preparing in the event Russia invades Ukraine, Foreign Minister Alexander Schallenberg said on Friday…
Waldorf Production is nearing a deal to acquire oil and gas assets in the British and Dutch North Sea from ONE-Dyas for more than $1 billion, industry sources said on Friday.Under the terms of the emerging deal, private equity-backed Waldorf…
France will build at least six new nuclear reactors in the decades to come, President Emmanuel Macron said on Thursday, placing nuclear power at the heart of his country's drive for carbon neutrality by 2050.Macron said the new plants would…
Indian industrial services company Larsen & Toubro (L&T) said Thursday that its Hydrocarbon branch had won two offshore projects from 'a prestigious overseas client.'The scope of work comprises Engineering, Procurement, Construction, Installation…
Offshore accommodation rig provider Floatel International has awarded a contract to Semco Maritime for service work on the semi-submersible accommodation unit Floatel Superior.Semco said that the harsh environment accommodation rig is expected to dock at Hanøytangen in Norway…
Norwegian offshore vessel owner Solstad Offshore has this week sold two anchor handling tug and supply vessels, in line with its objective to reduce fleet size to a level of 80-90 vesselsThrough its subsidiary Solstad Rederi AS, the company sold the AHTS Normand Master and Normand Mariner…
Dutch offshore installation company Heerema Marine Contractors has been selected by Japan's INPEX as a contractor of choice for the transport and installation of the 4,800 metric ton Ichthys LNG Booster Compression Module (BCM), offshore W. Australia…
Norwegian energy industry services provider Aker Solutions has won a three-year contract extension to a maintenance and modifications frame agreement it has with Equinor.'The agreement for work on oil and gas installations offshore Norway represents a very large order intake for Aker Solutions…
Abu Dhabi's ADNOC Drilling reported on Friday a rise of 6.1% in 2021 net profit, with revenues boosted by its onshore and oilfield services businesses.Net profit for 2021 was $603.9 million, up from $569 million in the year-earlier period.Revenues increased to $2…
High Speed Offshore Service Craft operating in the UK are now allowed to transport up to 60 workers, the UK Maritime and Coastguard Agency said Wednesday.According to MCA, the change will mean that vessels transporting those who work on offshore…
Ships were deployed in Thailand on Thursday to contain a fresh oil spill off its eastern coast, authorities said, two weeks after an undersea pipeline leak in the same area damaged coastal communities and marine life.The pipeline, owned by Star Petroleum Refining Public Company (SPRC)…
Norwegian oil and gas company Equinor has received consent from Norway's oil and gas industry safety body the Petroleum Safety Authority (PSA) for disposal of the facilities on the Veslefrikk field in the North Sea.'Equinor has applied to the…
Norway's Aker BP is considering whether to increase gas exports from its Skarv field to take advantage of high prices that exceed those for oil, Chief Executive Karl Johnny Hersvik said on Thursday.Aker BP currently injects natural gas produced…
Australian offshore support vessel operator MMA Offshore has secured a contract extension with Inpex for its MMA Brewster platform supply vessel.The contract, with Inpex's Australian subsidiary INPEX Operations Australia, is worth A$68 million (USD 48…