ADNOC Offshore has awarded ADNOC Logistics and Services a $975-million contract to build an artificial island for an offshore oil field project in Abu Dhabi.According to ADNOC L&S, at least 75% of the total contract value for dredging, land…
Renewable energy group Orsted will invest 475 billion Danish crowns ($68.3 billion) by 2030 to achieve its goal of 50 gigawatts (GW) of installed power capacity at the end of the decade, it said late on Wednesday. The Danish company said the…
Following news on Tuesday that the Norwegian parliament had approved some of Aker BP's offshore oil and gas development project in Norway, the confirmation came Wednesday from Aker BP itself.'Today, the Storting has approved Aker BP’s plans…
UK-focused oil and gas company Jersey Oil & Gas has received an extension to the Second Term of its P2498 'Buchan' license in the UK North Sea from the North Sea Transition Authority ('NSTA').Also, the NSTA has approved Jersey Oil & Gas' request…
Norwegian Offshore Wind, an organization that promotes the development of the floating wind supply chain, has launched the NOW Accelerator, designed to foster the growth of startups and scaleups in the offshore wind industry. 'The program is first of its kind and will start in August…
Australia's Woodside Energy has started marketing a new African crude oil from Senegal's first oil project, where the company aims to start producing by the end of this year, a senior executive said. Located about 100 km (62 miles) offshore south of Dakar…
Britain's largest North Sea oil and gas producer, Harbour Energy, is in talks to merge with Gulf of Mexico peer Talos Energy, four people familiar with the matter said on Tuesday.The move would offer Harbour an opportunity to list in New York…
The bridge watch officers on a bulk carrier and an offshore supply vessel were not maintaining a proper lookout before the vessels collided last year near Port Fourchon, Louisiana, the National Transportation Safety Board (NTSB) has concluded…
Norway-based gangway supplier Ulmatec has secured a contract to supply a 32-meter motion-compensated gangway and logistics support systems for the next US-built Jones Act service operation vessel.This 260-foot vessel will be built for Edison Chouest Offshore (ECO) by North American Shipbuilding…
Top crude exporter Saudi Arabia's one million barrel per day (bpd) oil output cut is unlikely to underpin a 'sustainable price increase' into the high $80s-low $90s with weak fundamentals pointing to lower prices by year-end, Citi analysts said in a note on Tuesday…
PTSC South East Asia (PTSC SEA) has received a 5-year extension for the bareboat charter contract for FSO PTSC Bien Dong 01.PTSC South East Asia is a joint venture between Malaysia's Yinson Production (“YP”) and PetroVietnam Technical Services Corporation (PTSC)…
The Norwegian Parliament on Tuesday approved the plans for further development of Valhall field in the Norwegian part of the North Sea, and the development and operation of the Fenris project, both operated by Aker BP.The Valhall PWP-Fenris project…
Sperry Marine has secured the contract to deliver complete navigation systems including its VisionMaster Net bridge, NAVIGAT gyrocompass, and NAVIPILOT 4500N autopilot for four vessels under construction for SAL Heavy Lift at WuHu shipyard, China…
Offshore installation services company Subsea 7 on Tuesday announced an extension of its existing frame agreement with the Norwegian oil company Aker BP for four years to the end of 2028. The agreement covers the provision of engineering, fabrication and installation activities for subsea umbilical…
ExxonMobil in Canada is investigating an incident aboard the Hebron offshore platform in which a 6.8 kg piece of equipment was launched across the pipe deck and dropped 21 meters on the walkway on the deck below.The company reported that on May 28…
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