Operators must immediately start tackling their backlog of wells that are already due for decommissioning to stop rigs leaving the North Sea and prevent billions of dollars of additional costs for themselves and taxpayers, industry regulator the North Sea Transition Authority (NSTA) said in its latest report.Some companies are showing good performance in meeting their regulatory duty to decommission wells which have permanently stopped producing…
Precision engineering firm Hunting has secured awarded an order worth $31 million for its titanium stress joints (TSJs), which will form part of a phase three deepwater gas development in the Turkish area of the Black Sea.Hunting's Subsea Spring business unit…
ABS and the Floating Offshore Wind Power Technology Research Association (FLOWRA) of Japan signed a memorandum of understanding to collaborate and explore new technologies to support the floating offshore wind industry.FLOWRA is a technical…
Germany's SEFE has agreed a 10-year deal to receive natural gas from Azerbaijan's SOCAR starting this year, with volumes gradually rising to 1.5 billion cubic metres annually, the two companies said on Tuesday.State-owned SEFE, Securing Energy For Europe…
American Bureau of Shipping (ABS) has issued an approval in principle (AiP) to Samsung Heavy Industries (SHI) for its design of a multi-purpose liquefied natural gas (LNG) floating facility for deep water (MLF-O).Called MLF-O, the next-generation…
Altrad’s recently acquired subsidiary Stork has secured a multi-year contract with Ithaca Energy for inspection services across its oil and gas assets off UK.The five-year contract, which started on March 1, 2025 will encompass the provision of inspection services for the topside pressure systems…
LS Marine Solution has secured $15.8 million subsea cable laying contract for work at an offshore wind farm being developed by Taiwan Power Company (Taipower), off Taiwan.The contract marks LS Marine Solution’s first international power grid…
China National Offshore Oil Company (CNOOC) has posted an 11.4% net profit growth in 2024, marking a record year of oil and gas production, which has been increased by 7% compared to a year earlier.In 2024, CNOOC recorded a net oil and gas production of 726…
Petrobras is looking at potential opportunities in Argentina while advancing in projects in Colombia and Africa, the firm's exploration and production head Sylvia dos Anjos said on Tuesday.Gas from the Vaca Muerta region would be interesting to Petrobras as a pipeline connecting Argentina…
TDI-Brooks recently secured a contract with Compass Survey Limited to conduct a series of 2D Ultra High-Resolution (2DUHR) seismic site surveys and pipeline route assessments for SPDC offshore Nigeria.These projects involve the acquisition of…
Enefit Green and Sumitomo Corporation have signed an agreement which outlines the start of strategic partnership for developing the first offshore wind farm in the Gulf of Riga in the Baltic Sea.Under the agreement, Enefit Green will sell 50%…
ADNOC Drilling, a unit of the United Arab Emirates' state oil giant, is looking to refinance debt maturing later this year worth an overall $1.25 billion, its chief financial officer said on Friday.The company will refinance a term loan worth…
Subsea Global Solutions, an underwater maintenance and repair services specialist, has named Eric Smith as Chief Commercial Officer (CCO).With a career spanning leadership roles in maritime operations, commercial management, and strategic business development…
A World Bank arbitration tribunal has dismissed a request by Venezuela to annul a $8.37 billion arbitration award to ConocoPhillips, clearing the way for the U.S. producer to reclaim compensation for the expropriation of its oil assets in the South American country…
Chinese state oil and gas company CNOOC has set its 2025 production target at a record high, between 5.6% and 8.3% above 2024's output.The offshore oil and gas specialist pumped about 720 million barrels of oil equivalent (boe) in 2024, meeting the high end of its target…
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