UK Prime Minister Boris Johnson said over the weekend the government would end direct support for the fossil fuel energy sector overseas.In what the PM office said was a major policy shift, the UK will end taxpayer support for fossil fuel projects overseas 'as soon as possible…
Oil major Exxon Mobil Corp said on Monday it planned to reduce its greenhouse gas emissions over the next five years, as investors and climate change campaigners ratchet up the pressure for action to limit global warming.The move comes after…
Danish Energy Agency has approved Vattenfall's environmental assessment and construction plans for offshore wind farms Vesterhav Syd and Nord.Vattenfall can now begin the next stage of work on the offshore wind farms, which will produce electricity equivalent to the annual consumption of 380…
Erik Milito, President National Ocean Industries Association (NOIA), discusses the outlook for traditional oil and gas and emerging renewable offshore energy under the incoming Biden Administration.
Norwegian company Solstad Offshore has won charters for two of its platform supply vessels in Norway.The offshore vessel owner said Monday that its platform supplier 'Normand Serenade' has won a medium-term contract with Wintershall Dea to support…
Swedish oil company Lundin, focused on oil and gas operations in Norway, has obtained regulatory consent to used the Rowan Viking jack-up rig on the Edvard Grieg offshore field.The consent, granted last week by the Petroleum Safety Authority Norway…
Russia has resumed construction of the politically-charged Nord Stream 2 gas pipeline to Germany, laying pipes after a one-year hiatus prompted by U.S. sanctions, the pipeline operator said on Friday.The pipeline, which Washington says compromises European energy security…
OIl and gas firm Chariot Oil & Gas said Monday it has negotiated the key terms of a new license, Rissana Offshore ('Rissana') in Morocco. The formal award of the license is anticipated to occur in 2021 and is subject to the normal Moroccan regulatory procedures and approvals…
Oil company Oilex has completed the deal with Burgate to acquire a 100% participating interest in the Doyle-Peel license (P2446) in the East Irish Sea (EIS), offshore the United Kingdom ('Agreement'). The license lies on the west-dipping graben…
China's CNOOC said Monday that its Penglai 25-6 oilfield area 3 project has started production ahead of schedule.The Penglai 25-6 oilfield area 3 project is located in the south central Bohai Sea, with average water depth of about 27 meters…
Equinor on Saturday, December 12, kicked off production from its Snorre Expansion Project in the North Sea, offshore Norway.The project, which will add almost 200 million barrels of recoverable oil reserves and help extend the productive life of the Snorre field through 2040…
Japanese FPSO contractor Modec has won a contract with Woodside for the operations and maintenance of the Sangomar FPSO in Senegal.The deal follows a contract signed in January for Modec to deliver the FPSO for Sangomar field development - Senegal's first offshore development…
The U.S. Senate on Friday passed the National Defense Authorization Act (NDAA) for fiscal year 2021, a massive $741 billion defense bill setting policy for the Pentagon. Importantly for the U.S. offshore and maritime industries, the bill includes…
Federal prosecutors in Brazil filed a civil lawsuit against Danish shipping company Maersk and former executives representing the firm for alleged corruption involving shipping contracts with state-run oil firm Petrobras, they said on Friday…
Italian oil and gas company Eni has chartered two Vroon platform supply vessels to support its offshore drilling project in Mozambique.Vroon said this week that the contract with ENI was on a long-term drilling project, with Vroon providing…