Oilfield services giant Petrofac said Friday it had struck a plea agreement with the UK Serious Fraud Office (SFO) in relation to its investigation into the company's historical use of agents in the Middle East.Following requisition by the UK's Serious Fraud Office (SFO)…
Classification society and energy industry consultancy DNV has published a new Technical Note (TN) providing principles for determining site extreme wind speeds for wind farms caused by tropical cyclones. The company produced the document after…
Offshore helicopter transportation company CHC on September 1 said it had completed the acquisition of Babcock International’s offshore oil and gas aviation business. Now, the UK competition watchdog Competition and Markets Authority has launched an inquiry to see whether the deal has resulted…
A federal judge in Washington, D.C., is allowing Louisiana to intervene in a lawsuit challenging an upcoming drilling lease auction, giving the staunch proponent of the federal oil and gas leasing program another chance to defend it in court…
Chinese offshore oil producer CNOOC said Friday it had begun producing oil from its Bozhong 19-4 project in the south of the Bohai Sea. Located in an average water depth of about 21 meters, the project uses the existing processing facilities of Bozhong 25-1 oilfield…
FPSO supplier BW Offshore has received regulatory approvals for the Joint Venture Partnership consisting of BW Offshore Limited, ICMK Offshore Investment Pte Ltd, and Macquarie Bank Limited for the Barossa FPSO project.As previously informed…
U.S. oil major ExxonMobil has awarded Norwegian offshore seismic data acquisition firm PGS a contract for a 3D survey offshore Suriname.PGS' 104.2 meters long Ramform Tethys seismic vessel is scheduled to start the acquisition during the fourth quarter of 2021…
Classification society American Bureau of Shipping (ABS) has granted its Approval in Principle (AIP) to Ned Project Inc. for its hydrogen-ready wind turbine installation vessel (WTIV) design.The NP20000X ULAM design is intended to be Jones Act…
Dutch FPSO provider SBM Offshore has secured a US$635 million bridge loan facility for the financing of the construction of FPSO Almirante Tamandaré, one of the world's largest FPSOs.SBM Offshore said Friday that it had secured the loan by the…
The UK Oil and Gas Authority (OGA) has announced a £1million ($1,37 million) decarbonization competition for the electrification of offshore oil and gas platforms in the UK North Sea.'The competition is designed to advance the widespread electrification…
Renewable energy company RWE said Thursday it would create an offshore wind operations hub at Grimsby’s Royal Dock, on the UK’s east coast.The new ‘Grimsby Hub’ will expand the existing Triton Knoll offshore wind farm base and will be the home…
Danish offshore vessel operator Esvagt, which earlier this week took delivery of a newbuild service operation vessel from Havyard Leirvik, plans to deploy the vessel at an offshore wind farm in the UK.The company said Thursday that the vessel…
Chinese offshore oil and gas company CNOOC said Thursday that a project to power Bohai Bay offshore fields from shore has kicked off operation successfully.'This onshore power project is located in the mid-western Bohai Bay, containing two parts…
New research from the UK-based Offshore Renewable Energy (ORE) Catapult has found that speeding up work the development of robotics and autonomous systems (RAS) will be 'a significant enabler to reaching Net Zero.'The report highlights that by 2050…
BP on Wednesday said all four of its offshore facilities in the Gulf of Mexico have resumed operations, having been brought back online and producing as of Sept. 12 post-Hurricane Ida.The company on Sept. 7 said it had resumed operations at its Atlantis and Mad Dog platforms…
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