COSCO SHIPPING Heavy Transport shared images on Wednesday of its semi-submersible heavy lift and transportation vessel carrying a massive semi-submersible drilling rig.The company, which specializes in the handling of heavy cargoes, did not…
Oceaneering's Brazilian subsidiary, Marine Production Systems do Brasil, has secured a five-year contract from the Brazilian oil company Petrobras for the operation of three existing drill pipe riser (“DPR”) systems to support intervention and completion operations in Brazil…
Oil and gas company Kosmos Energy has made an oil discovery at the Tiberius exploration well in the U.S. Gulf of Mexico near the Occidental-operated Lucius SPAR production facility.According to Kosmos, the Tiberius exploration well tested a four-way structural trap in the outboard Wilcox trend…
Between 2017-2022 renewables met 51% of new energy demand, while the remaining demand was supplied by fossil fuels, according to DNV’s Energy Transition Outlook.'Renewables are still just meeting increased demand rather than replacing fossil fuels…
NATO will discuss damage to a gas pipeline and data cable running between member states Finland and Estonia, and will mount a 'determined' response if the cause is proven to be a deliberate attack, NATO Secretary General Jens Stoltenberg said on Wednesday…
The head of Nigeria's oil regulator said he is 'very optimistic' that oil major Exxon Mobil's asset sale to Seplat Energy can move forward, he told Reuters on Wednesday.The regulator last year refused to approve the $1.28 billion sale, which…
Japanese companies Mitsui O.S.K. Lines (MOL) and MOL Marine & Engineering Co. (MOLMEC) said Wednesday they would launch a training program using the Dynamic Positioning (DP) System simulator, targeting crewmembers of self-elevating platform (SEP) vessels and service operation vessels (SOVs)…
Shares of oil and gas driller ADES Holding climbed almost 30% above its listing price on its market debut in Riyadh on Wednesday after raising $1.22 billion in an initial public offering last month. The shares outperformed the wider Saudi market…
Aberdeen-based offshore energy industry services firm Three60 Energy said Wednesday it had acquired Pryme Group and Flexlife 'to create a £200 million industrially diversified global business with huge growth potential.'Founded in 2014, Pryme…
Italy's Eni hopes to reach a final investment decision on its second floating liquefied natural gas (LNG) project in Mozambique by the end of June next year, two sources directly involved with the project said on Tuesday.Its first LNG project…
SK E&S, one of the largest conglomerates in South Korea, and Copenhagen Infrastructure Partners have reached financial close on the Jeonnam 1 offshore wind project in South Korea.Jeonnam 1 will be a 99-MW offshore wind farm off the coast of Shinan County…
Italian energy group Eni will continue to gradually shift its activity from oil to gas in the coming years, the group's chief executive said on Tuesday, adding the move has been one of the pillars of Eni's transformation strategy.'An important…
A subsea gas pipeline and a telecommunications cable connecting Finland and Estonia have both sustained damage, and the location of the outage has been identified, the Finnish government said on Tuesday.'It is likely that damage to both the…
U.S.-based offshore vessel operator Hornbeck Offshore Services confirmed Monday it had reached a final settlement agreement with the surety (the “Surety”) for two Multi-Purpose Support Vessels (MPSVs) that had been under construction at Gulf Island Shipyards…
Strict new immigration requirements are deterring vital skilled workers and threatening major disruption for UK offshore wind projects, according to Maria Gravelle, an immigration specialist at Pinsent Masons.Gravelle said that axing the Offshore…
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