Energy industry services firm TechnipFMC said Friday it had sold a 9.9% stake in Technip Energies to Hal Investments for €196.2 million (~$233 million).Technip Energies was created in February 2021 after TechnipFMC completed its spin-off transaction to create two independent…
The Norwegian government has set aside 82.7 million crowns ($3,86 million) to support Ocean Gird, a project that looks to develop new technology and solutions to enable a profitable development of offshore wind on the Norwegian continental shelf…
- U.S. Gulf Coast energy companies on Friday advanced the recovery from Hurricane Ida on a few fronts, but slipped elsewhere as lack of crews, power and fuel reversed earlier production gains.Ports were reopening and some pipelines restarted as companies completed post-storm evaluations…
Brazilian oil company Petrobras has sold its remaining stake in the Lapa offshore oil field in Brazil's Santos Basin to the French oil firm TotalEnergies.The Brazilian national oil company said Wednesday said that the deal was concluded with the payment of $49…
Offshore vessel owner Bourbon has secured a contract with Shell to provide international freight forwarding, integrated logistics services, and platform supply vessel services to support two deepwater offshore exploration campaigns in Namibia and Sao Tomé…
Solstad Offshore has won a contract for the construction support vessel Normand Tonjer.The Norwegian offshore vessel owner said the new two-year firm contract would keep the vessel busy until October 2023. The 95-meter long vessel has been working for the same client since 2018…
Energy intelligence firm Wood Mackenzie has shared that Ithaca Energy has made an oil discovery at Fotla prospect in the UK North Sea, labeling it 'a ray of light' in what’s been a tough year for UK exploration activity, with 2021 on track for the fewest number of completed wells since the 1960s…
Offshore installation specialist Subsea 7 on Thursday announced the proposed executive team for Seaway 7, the company set to be created through the merger of OHT and Subsea 7's renewables business unit, as proposed in July 2021.Seaway 7, an offshore wind installation giant in the making…
Swedish oil and gas firm Lundin Petroleum has received approval from the Norwegian authorities to start up its Solveig field in the North Sea. offshore Norway.Expected to start production this autumn, Solveig will produce from subsea production facilities tied into the Edvard Grieg field…
Norwegian offshore vessel operator DOF Subsea has won more work in Brazil with Petrobras.After a recent three-year contract secured for a pipelay support vessel duo co-owned with TechnipFMC, DOF Subsea said Thursday it had secured a contract…
Oil producer EnQuest on Thursday warned that annual output would be at the lower end of its previously forecast range, primarily owing to declines at its Magnus field in the UK North Sea, sending its shares down more than 7%.Production activity…
Offshore drilling equipment specialist Dril-Quip, has named Jeffrey J. Bird as its new President and Chief Executive Officer. Effective as of January 1, 2022, he'll replace Blake T. DeBerry, who will step down at that time. DeBerry will continue…
German multinational chemical company BASF has completed the acquisition of 49.5% of the 1.5GW offshore wind farm Hollandse Kust Zuid from Sweden-based Vattenfall.Construction of the wind farm in the Dutch North Sea started in July, with he…
Norwegian offshore vessel owner Eidesvik and oil and gas firm Aker BP are developing a project which aims to reduce emissions from existing offshore supply vessels.The project called 'Retrofit' will evaluate various solutions for converting…
Offshore drilling company Borr Drilling said Thursday it had secured a letter of award for its jack-up drilling rig Mist.The deal is with an unnamed operator in Southeast Asia, and the drilling program is set to begin in November 2021.Subject to final confirmation…
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