Norway's Solstad Offshore said Thursday it had secured contracts for three platform supply vessels, two in the North Sea, and one in Suriname.Platform supply vessel Normand Surfer has been awarded a long-term contract with an unnamed company in the North Sea…
Oil and gas explorer Far Ltd said on Thursday it received a A$209.6 million ($159.15 mln) all-cash takeover proposal from private investment firm Remus Horizons PCC Ltd.The offer values Far at 2.1 Australian cents per share, representing a premium of 90…
Equinor has awarded key contracts for the Northern Lights carbon capture and storage project in Norway to Aker Solutions. The contract awards come just days after the Norwegian Government announced its funding decision for the Northern Lights project…
Offshore seismic surveyor Shearwater GeoServices has signed new debt and guarantee facilities totaling $437 million, as part of the planned refinancing of the company’s maturing debt. The new facilities include the refinancing of the USD 325…
Shipbuilder Keppel AmFELS has laid the keel for the first ever Jones Act compliant offshore wind turbine installation vessel (WTIV) at its shipyard in Brownsville, Texas, marking a key milestone for the development of the U.S. offshore wind industry…
Northeast Technical Services Co., Inc. (NETSCo) and Lloyd’s Register North America, Inc. (LR) are working to design and develop a Jones Act compliant wind turbine installation vessel (WTIV) capable of serving the burgeoning U.S. offshore wind sector…
Russian oil and gas giant Rosneft has said it has discovered a new 'unique' offshore gas field in the Arctic with total reserves of 514 bcm of gas and 53 million tons of condensate.Rosneft made the discovery at the Vostochno-Prinovozemelsky-2 license area in the Kara Sea…
Australian oil and gas company BHP, working to develop the Trion field offshore Mexico, has hired DNV GL to verify that the new infrastructure built for the Trion project is compliant with local and global safety, as well as other requirements…
Construction has started on the Operations and Maintenance base at Montrose Port which will service the recently sanctioned Seagreen offshore wind farm which will be located off the coast of Scotland, UK.Montrose Port was selected by SSE Renewables…
Offshore helicopter services provider NHV Group on Wednesday announced the sale of its remaining H155 helicopters to HeliGlobe (Denmark). The brokerage company entered into the agreement on behalf of their client Air Greenland, NHV said.According to NHV…
Venezuelan state oil company Petroleos de Venezuela has begun transferring crude off of an offshore oil facility where governments in two neighboring countries have voiced concerns about a potential spill, two people familiar with the matter said on Tuesday…
U.S. President-elect Joe Biden is close to announcing a slate of Cabinet nominees who will be central to his administration’s sweeping plan to fight climate change, according to sources familiar with the matter.The picks include a diverse list of nominees to head the departments of Energy…
UK-based oil and gas company Premier Oil, which is set to merge with rival Chrysaor, said Wednesday that its CEO Tony Durrant had stepped down from the Board of Directors, and would step down as CEO at the end of the month.Richard Rose will be the Interim Chief Executive from January 1…
The European Commission on Tuesday proposed rules to restrict funding for natural gas projects and instead funnel cash into low-carbon technologies to meet climate goals.The EU's 'TEN-E' rules define which cross-border energy projects are eligible…
2020 has been dismal for upstream dealmakers across Asia Pacific. During a recent conversation with a senior banker in the region, I mentioned that deal activity was so poor this year that as of October, only a sliver over US$400 million and 117 million boe of 2P resources had transacted (vs US$5…