A U.S. court upheld a tribunal's $8.75 billion award to U.S. oil producer ConocoPhillips COP.N over the expropriation of its Venezuelan oil assets, granting a default judgment in the case on Friday.The decision gives the U.S. company new authority to collect on a 2019 award by a World Bank tribunal…
Oil and gas company Beach Energy has agreed for Doppler Light Detection and Ranging system (LiDAR) on its Kupe platform, offshore South Taranaki, New Zealand, which will provide data needed for the development of offshore wind farms in the region…
Oil and gas company APA Corporation on Tuesday said it had discovered oil at Baja-1 well in Block 53, offshore Suriname, using the Noble Gerry de Souza drillship.Baja-1 was drilled to a depth of 5,290 meters (17,356 feet) and encountered 34…
Dutch maritime equipment and technology firm Royal IHC has won a contract from its compatriot Boskalis for the delivery of an advanced modular cable lay spread (MCLS) for offshore wind applications.The cable lay system will be used for the installation…
An incident that had the potential for fatality occurred earlier this month on the Hibernia Platform offshore Canada when a 711kg elevated feeder machine bridge adapter plate dropped on a deck. Luckily, there were no injuries.'Hibernia Management and Development Company Ltd…
Oslo-listed oil and gas company BW Energy said Tuesday that its BW MaBoMo offshore production facility had sailed away towards Gabon.The production facility, converted from the Hibiscus Alpha jack-up drilling rig, is currently onboard a heavy…
TotalEnergies and partner SSE Renewables on Tuesday announced the first power generation from their Seagreen wind farm off the coast of Angus in Scotland. The $4.3 billion Seagreen project will be Scotland's largest offshore wind farm and the world's deepest fixed-bottom wind farm…
Bert-Jaap Dijkstra was officially appointed Chief Financial Officer and director of the oil and gas company on Monday, 22 August 2022.Dijkstra joins Jadestone Energy from SBM Offshore, the Dutch FPSO leasing specialist. His planned appointment was first announced in June 2022…
Malaysian company Sapura Energy has agreed to sell three tender-assisted drilling rigs to NKD Maritime Limited for an aggregate cash consideration of $8,2 million.'The disposal of the rigs was carried out by way of tender exercise. Based on an informal market survey…
NYK Line, Nihon Shipyard Co., Ltd. (NSY), ClassNK, and IHI Corporation (IHI) have signed a joint research and development agreement for the commercialization of an ammonia floating storage and regasification barge (A-FSRB). Specifically, the…
Italian oilfield services giant Saipem and Oil Spill Response Limited (OSRL) have signed an extension of their existing Services Agreement to include the provision of FlatFish, Saipem’s underwater drone for environmental monitoring and inspection of asset integrity…
Dutch company Huisman, best know for its offshore crane solutions, on Monday revealed its design for a 'green' harsh environment semi-submersible drilling rig, which promises to reduce costs and emissions of offshore drilling operations.According to Huisman…
Russia will halt natural gas supplies to Europe for three days at the end of the month via its main pipeline into the region, state energy giant Gazprom said on Friday, piling pressure on the region as it seeks to refuel ahead of winter.The unscheduled maintenance on the Nord Stream 1 pipeline…
Three projects, of 2,8 GW in total, will be offered seabed agreements for offshore wind projects following Crown Estate Scotland’s ScotWind clearing process. Clearing saw the ‘NE1’ area east of Shetland made available for ScotWind applicants…
TotalEnergies TTEF.PA of France and Italy's Eni ENI.MI on Monday announced a significant natural gas discovery at the Cronos-1 well off Cyprus.The island reported its first natural gas discovery, Aphrodite, in 2011, measuring around 4.5 trillion cubic feet (tcf) and now run by U…
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