Thai subsea services company Mermaid Maritime has through its subsidiary Mermaid Subsea Oil and Gas Services (MSOGS) secured a loan of up to $10 million for the acquisition of Mermaid Sapphire ROV support vessel.The loan agreement, SinoPac Capital International…
Venezuelan President Nicolas Maduro on Thursday said the deployment of a British warship to waters off the coast of Guyana breaches the 'spirit' of an agreement reached between Venezuelan and Guyanese authorities.Guyana and Venezuela agreed…
The sale of 12,2575% interest in the Brage field offshore Norway, from Vår Energi to Petrolia Noco, has been approved by the authorities and was completed on December 29, 2023.The Brage field is a late life producing asset located in the North Sea…
The Vineyard Wind 1 offshore wind farm, a joint project between Avangrid and Copenhagen Infrastructure Partners (CIP), has so far created 937 union jobs through two years of construction, delivering nearly double the commitment to create 500…
EIG, an institutional investor in the global energy and infrastructure sectors, has entered into definitive agreements to acquire a Brazilian-based offshore oil and gas solutions provider and the country’s only FPSO operator Ocyan for $390 million…
West Azeri platform, located in the Caspian Sea at Azeri-Chirag-Gunashli (ACG) oil field, has achieved 1 billion barrels total production.The announcement was made by BP, which is the operator of ACG oil field, on behalf of its partners SOCAR…
Shell said on Thursday it has resumed loading liquefied natural gas (LNG) cargoes from its Prelude facility offshore Australia following major maintenance.The giant floating LNG production facility located some 475 km (300 miles) off the west…
Marine seismic data company TGS has completed a series of Ocean Bottom Node (OBN) surveys offshore Guyana, setting a record for the longest deepwater node survey campaign.On December 1, 2023, the final node recovery marked the culmination of…
Advanced Technology Industrial Group, a company controlled by Alpha Private Equity, has reached an agreement for the sale of 100% of Remazel Engineering to Italian shipbuilding giant Fincantieri.The anticipated completion of the transaction…
Italian oil giant Eni has started the introduction of gas into the Tango floating liquefied natural gas (FLNG) unit moored in Congolese waters.Gas introduction has been achieved in record time - only twelve months after the final investment decision…
Brazil's state-run oil company Petrobras has acquired stakes in three exploratory blocks in São Tomé and Príncipe through a competitive process conducted by Shell.Petrobras acquired a 45% stake in blocks 10 and 13 and a 25% stake in block 11…
Qatari oil and gas company QatarEnergy has announced a five-year crude oil supply agreement with Shell.The agreement stipulates the supply of up to 18 million barrels per annum of Qatar Land and Qatar Marine crude oils to Shell starting in January 2024…
Taihan Cable & Solution has won a $77.3 million contract for the supply of subsea cables for the 365 MW Yeonggwang Nakwol offshore wind farm in South Korea, and purchased what is said to be the country's only cable-laying vessel (CLV) for the offshore wind market…
Prysmian Group has commissioned the inter-array cable system for the Fécamp offshore wind farm, located in the English Channel, offshore France.The Fécamp offshore wind farm is composed of 71 wind turbines with a total capacity of nearly 500MW…
The first hybrid Platform Supply Vessel (PSV), which uses batteries and diesel for propulsion, has started operating for Equinor in Brazil.With the battery bank installed, the PSV is able to operate with hybrid propulsion, switching between the use of electricity and diesel…
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