Norwegian offshore vessel owner Siem Offshore has secured a new contract for the offshore subsea construction vessel Siem Spearfish with DeepOcean. The contract for the 2014-built vessel will start in direct continuation of its current commitment…
Energy giant Shell is in talks with some Chinese companies to sell its stake in a major Russian gas project amid sanctions imposed on Moscow over its invasion of Ukraine, The Telegraph reported on Thursday.The London-listed company is in joint talks with Chinese state-run oil companies CNOOC Ltd…
Norway's crude oil output in March missed the official forecast but gas output exceeded expectations, preliminary data from the Norwegian Petroleum Directorate (NPD) showed on Thursday.Crude oil output fell to 1.74 million barrels per day (bpd) in March from 1…
Belgium-based offshore installation services firm DEME has agreed to sell its jack-up installation vessel ‘Thor’ to the German shipping and logistics company Harren & Partner for an undisclosed fee.DEME has owned the vessel for more than a decade…
Oslo-listed FPSO leasing company BW Offshore has agreed to sell its laid-up FPSO Polvo to BW Energy for $50 million. BW Energy will redeploy the FPSO in Brazil.The transaction is expected to be concluded by July 24, 2023, at the latest. If the transaction is completed before the said date…
Soaring demand for U.S. liquefied natural gas (LNG) as buyers steer clear of Russian fuel is putting some long-stalled U.S. export projects back on track. But rising costs for materials and labor threaten to snarl these plants once again.Two developers with projects sidelined due to the U…
Italy's Saipem beat expectations for first-quarter earnings as an upturn in global oil and gas spending lifted the energy contractor's core business, putting it on track for a better year.Adjusted core earnings in the period rose 65% to 145 million euros ($157 million)…
Russian oil giant Lukoil said Friday that Vagit Alekperov had resigned from his position as the President of Lukoil and from Lukoil's board of directors.'The respective notices of resignation were sent today to the chairman of the company’s board of directors…
Dutch offshore installation giant Heerema Marine Contractors has said it has developed a new method for the installation of offshore floating wind structures that doesn't require wet-tow and removes the need for marshaling yards.The company said that…
Dutch offshore gangway supplier Ampelmann has secured its first contract in the U.S. offshore wind market.Under the contract, Ampelmann will supply its E1000 motion compensated system to the marine transportation and towing company Otto Candies…
The first turbine was installed earlier this week at Vattenfall's Hollandse Kust Zuid offshore wind farm in the Dutch North Sea, Jochen Eickholt, CEO of wind turbine maker Siemens Gamesa Renewable Energy, said in a social media post.Eickholt said: 'In a milestone moment yesterday…
Oil and gas company i3 Energy has executed the farm-in agreement with Europa Oil & Gas following Europa's completion of its equity fundraising to fund its share of the upcoming Serenity appraisal well in the UK North Sea. Under the agreement…
Malaysia's Perdana Petroleum has, through its subsidiary Perdana Nautika, received a work order award from Vantage Well Services for the provision of an accommodation work barge.The 90-day contract for the Sarawak Offshore 2022 facilities work…
Norwegian offshore seismic data acquisition and processing company PGS has announced the Southern North Sea reprocessing project.The SNS Vision data rejuvenation project from PGS will target a mature gas province in the central SNS area, with…
Greater Changhua 1 & 2a offshore wind farm, Taiwan's largest, has delivered first power, Ørsted, the developer of the wind farm said Thursday.Located 35-60 kilometers off Taiwan’s west coast, Greater Changhua 1 & 2a has a total capacity of 900 MW…