JX Nippon Oil & Gas Exploration Corporation has to acquire the entire issued shares of the offshore drilling firm Japan Drilling Co., Ltd. (“JDC”).The company plans to complete the acquisition around the end of April of 2023.'Upon completion of the acquisition…
Oil and gas company Karoon said Wednesday that production had started from the PAT-2 at the Patola field in the BM-S-40 production license in Brazil.The well, one of two new production wells drilled at the field, came onstream on March 15, 2023 at a rate of 12…
Golar LNG has acquired New Fortress Energy's (NFE) stake in FLNG Hilli - also known as Hilli Episeyo. 'In return for NFE’s 50% Common Unit holding in Golar Hilli LLC, Golar has transferred its remaining 4.1 million NFE shares to NFE, paid NFE $100 million in cash…
Oil major Shell has sanctioned the development of the Dover offshore oil field in the Gulf of Mexico.Shell plans to develop the Dover project as a subsea tieback to the Shell-operated Appomattox offshore production platform, with two production wells produced through a 17…
Russian President Vladimir Putin said on Tuesday that last year's blasts on the Nord Stream gas pipelines had been carried out on a 'state level', dismissing the idea an autonomous pro-Ukraine group was responsible as 'complete nonsense.'The…
Operations and Maintenance Base for what will be the world's largest offshore wind farm - the Dogger Bank - was officially opened on Tuesday in Port of Tyne.Equinor, a partner in the North Sea wind farm, said that the O&M base would serve as the hub for operations for Dogger Bank Wind Farm…
Shell's Malaysian subsidiary Sarawak Shell Berhad has completed the previously announced sale of its stake in two offshore production sharing contracts (PSC) in the Baram Delta to Petroleum Sarawak Exploration & Production Sdn. Bhd. (“PSEP”)…
Philippine holding firm Prime Infrastructure Capital Inc aims to put new wells at the country's only major natural gas project into commercial operation in 2026, and is seeking other fields to ensure long-term output, its CEO told Reuters on Wednesday…
Dutch offshore survey firm Fugro and Brazil's national oil company Petrobras have completed what they say is Brazil's first-ever remote subsea inspection survey.Fugro said that the technology trial was carried out with the aim of minimizing risk and improving sustainability during inspection…
Norwegian offshore vessel owner Rem Offshore on Tuesday announced it has secured multiple contracts for several of its platform supply vessels (PSV).Rem Cetus, Rem Insula and Rem Server have been extended for one year with Apache North Sea Limited in the U…
Moscow has not been informed about the progress of an investigation into last year's Nord Stream pipeline blasts and has handed in a report to prove this to the United Nations, a senior diplomat said on Tuesday.Russia has prepared an 'official document' based on its correspondence with Denmark…
A federal judge has dismissed a lawsuit filed by New York and New Jersey residents challenging preliminary government plans for offshore wind farm development off the Atlantic coast.U.S. District Judge Dabney Friedrich in Washington, D.C., said [last] Thursday that the U…
Norwegian offshore vessel owner Solstad Offshore has sold the anchor-handling tug supply vessel Far Sabre for an undisclosed fee.The 2008-built vessel has been in layup since 2019. Delivery of the vessel to the new owner took place on Tuesday…
John Wood Group has sold its offshore labor supply operations in the Gulf of Mexico to Louisiana-based energy services contractor Danos.The sale was for a cash consideration of $17 million, with Wood retaining working capital. This represents an EV/EBITDA multiple of around 8x…
Norwegian state energy firm Petoro reported on Tuesday more than a doubling of its annual earnings thanks to soaring gas prices and said it expected the world to need petroleum supplies 'for a long time to come.'The oil and gas company's net profit rose to a record 539 billion Norwegian crowns ($50…