Oil prices surged more than 3% on Monday after renewed military strikes between the United States and Iran reignited concerns over energy shipments through the Strait of Hormuz.Brent crude futures LCOc1 were up $2.67, or 3.51%, to $78.68 at 0743 GMT…
The number of vessels transiting the Strait of Hormuz fell to multi-week lows on Sunday, shipping data showed, as renewed strikes between the U.S. and Iran and attacks on ships in the Middle East heightened safety concerns.Six vessels transited the strait on Sunday…
Electricity generated by the Baltic Power offshore wind farm has been fed to Poland’s national power grid for the first time, marking one of the final stages in the development of the country’s first wind farm in the Baltic Sea.A first turbine has started generating electricity as the 1…
OneSubsea, a joint venture backed by SLB, Aker Solutions and Subsea7, has secured a contract from Eni North Ganal to deliver a steel tube umbilical system for the Kutei North Hub field development project offshore East Kalimantan in Indonesia…
Brazilian state-controlled oil company Petrobras has completed the acquisition of a 75% interest and operatorship in Block 3 offshore São Tomé and Príncipe, expanding its exploration portfolio in Africa.Following completion of the transaction…
Singapore-listed marine logistics company Marco Polo Marine's offshore wind division, PKR Offshore, has signed a framework agreement with Siemens Gamesa for the deployment and charter of two commissioning service operation vessels (CSOVs) for offshore wind projects in Asia…
London-listed independent energy company EnQuest has cleared a key hurdle in its proposed $833 million acquisition of interests in four offshore production sharing contracts in Malaysia after existing partners waived their pre-emption rights over one of the three transaction packages…
Norway's oil and gas production has been reduced by 2.4 million barrels of oil equivalent (boe) so far this year as a result of an ongoing pay strike by oil service workers, industry group Offshore Norway said on Thursday.Norway produced about 1…
India's top explorer Oil and Natural Gas Corp ONGC.NS will build a 1.75 million metric ton (MT) national strategic petroleum reserve in Mangalore in southern India, the company said in a stock exchange filing late Thursday.India, the world's third biggest oil importer and consumer…
SSEN Transmission has signed a long-term framework agreement with a consortium of Sumitomo Electric and Van Oord to support future high-voltage direct current (HVDC) subsea transmission infrastructure across the north of Scotland.The agreement covers the engineering…
Baker Hughes has secured three awards for Cheniere's Sabine Pass LNG facility in Louisiana, covering liquefaction equipment for Train 7 and a boil-off gas re-liquefaction unit, as well as fleet-wide gas turbine technology upgrades.The contract…
Fugro has secured a contract from Saipem to provide integrated marine survey and inspection services for the Northern Endurance Partnership (NEP), the UK's first carbon capture transportation and storage infrastructure project.Saipem is leading the engineering…
Axess Group has been selected by Golar LNG to carry out maintenance build and integrity management work across two floating liquefied natural gas (FLNG) assets following competitive tender processes.For the MK II FLNG, Axess will provide maintenance build services…
The Norwegian Offshore Directorate (NOD) has granted drilling permits to Vår Energi for two wildcat wells offshore Norway.The first permit is for wellbore 6407/5-3 S in production license 1002, in the Norwegian Sea.Vår Energi operates the license with 42…
The U.S. Department of Transportation's Maritime Administration (MARAD) has decided to move forward with issuing a deepwater port license to Delfin LNG after a federal appeals court denied review of a legal challenge by environmental groups…