Chevron on Friday beat analysts' earnings estimates and increased dividends on higher oil and gas production, after a year of sharply lower profits on missteps and charges.Shares were up 2% in morning trading after the company beat analysts'…
Britain's Shell and Trinidad's National Gas Company (NGC) will pay Venezuela no less than 45% of gross revenues from the Dragon gas production project off Venezuela's coast, according to license terms published on Saturday.In December, Venezuela…
Japanese shipping firm Mitsui O.S.K. Lines (MOL) and JX Nippon Oil & Gas Exploration Corporation (JX) have signed a memorandum of understanding (MoU) to develop a carbon capture and storage (CCS) value chain between Japan and Australia, including CO2 marine transport…
The New York City Public Design Commission (PDC) has approved Equinor’s design for the offshore wind operations and maintenance building to be constructed at the South Brooklyn Marine Terminal (SBMT).The approval from the PDC allows for advancement…
Norwegian ship designed and builder Vard has secured a contract from I.T. International Telecom Marine (IT) to convert its platform supply vessel (PSV) IT Infinity into a cable laying vessel (CLV).The PSV was built at Vard Brattvaag and delivered…
China's state-run offshore oil and gas explorer and producer CNOOC has started production from its Suizhong 36-1/Luda 5-2 discovery, located in Liaodong Bay of Bohai Sea.The main production facilities include two new central processing platforms and two new wellhead platforms…
Shell has confirmed that a rig contract has been signed with Valaris for the drilling of both the Selene exploration well and the Pensacola appraisal well in the North Sea, expected to start in summer 2024.The two wells will be drilled using the Valaris 123…
Esgian has released its Week 5 Rig Analytics Market Roundup saying it was the week of rig moves, as several units completed their respective campaigns and moved on to ports either to wait for new assignments or to prepare for upcoming jobs. Meanwhile…
A Canadian offshore oil regulator said on Friday it has licensed an oil discovery by Equinor ASA off the country's coast, an area of around 14,900 hectares.The Canada-Newfoundland and Labrador Offshore Petroleum Board (C-NLOPB) said that the…
Equinor has booked DOF Group’s anchor handling tug supply (AHTS) vessel Skandi Iceman for its Norwegian operations, along with ROV services to be provided by the company.The contract award means that the DOF Group will have two anchor handlers…
Norwegian offshore vessel owner DOF Group has secured ‘substantial contract’ with an international oil company for the platform supply vessel (PSV) Skandi Kvitsøy.The vessel will work in Australian waters and further strengthen DOF’s presence in Australia…
Integrated Wind Solutions (IWS) has, through its wholly-owned subsidiary IWS Fleet, entered into a frame term agreement with Siemens Gamesa to provide its commissioning service operation vessel (CSOV) fleet for offshore wind farms in North Europe…
U.K. engineering company Wood has secured a contract extension with Equinor to deliver maintenance and modification solutions to its Peregrino offshore assets in Brazil.The two-year extension, worth $80 million, builds on a long-term and global partnership with Equinor…
Mitsui O.S.K. Lines (MOL) has been selected by Gaz-System as the preferred shipowner to time charter out a floating storage and regasification unit (FSRU) for the planned LNG import terminal in the Gulf of Gdańsk in Poland.Polish gas transmission…
Norwegian offshore vessel owner Siem Offshore has signed a contract with marine geophysical service provider PXGEO for one of its offshore subsea construction vessels (OSCVs).The contract between the parties is for one year with additional one year option for Siem Spearfish OSCV…
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