Australian oil and gas companies Carnarvon Petroleum and Advance Energy have completed the Buffalo oil field farm-out agreement as all the necessary conditions have been met.Carnarvon in December 2020 announced that Advance Energy would acquire 50% of the Buffalo project in the Timor Sea…
Norway's oil and gas production slightly lagged official expectations in March, preliminary data from the Norwegian Petroleum Directorate (NPD) showed on Tuesday.Crude oil output fell 1.1% from February to 1.773 million barrels per day (bpd) in March…
Belgian offshore installation firm DEME has, via its French branch SDI, secured an engineering, procurement, construction, and installation contract for an export cable that will connect the Leucate Floating offshore wind farm to the power grid…
There's one thing that's certain about the price of oil, it goes up and it goes down, but nobody knows when that will happen, Jim McCaul, an expert in the offshore floating production sector for 30 years, recently said in an interview for Offshore Engineer TV…
Amazon on Monday announced nine new utility-scale wind and solar energy projects in the U.S., Canada, Spain, Sweden, and the UK, including an investment in a 350 MW offshore wind farm in Scotland.'The company now has 206 renewable energy projects globally…
Nigeria has sweetened the terms of a sweeping oil reform bill in a bid to attract much-needed investment to its oil industry, four people closely involved with the legislation said and a letter from oil companies, seen by Reuters, showed.The…
Equinor urged its shareholders on Monday to reject a proposal by an activist group to set intermediate targets for reducing emissions from the use of its energy products.The majority state-owned company has pledged to boost investment in renewables…
Canada-based offshore robotics company Kraken Robotics has acquired Brazil's 13 Robotics Ltda of Brazil (“13R”).The 13R team, with offices in Rio de Janeiro and Salvador, Brazil, consists of software developers and engineers who have significant…
Chinese oil company CNOOC has failed to unearth commercial quantities of hydrocarbons at the Glengorm South well in the UK North Sea.Energean, a partner in the Glengorm project, said Thursday that 'the Glengorm South appraisal well contained no commercial hydrocarbons…
Singapore's Keppel Corporation has confirmed it has been in talks with the Brazilian oil company Petrobras to built an FPSO vessel for the Buzios field offshore Brazil.In a statement on Friday, responding to an article by Upstream Daily News…
Glamox, a supplier of lighting solutions to the marine and offshore markets, has signed an agreement to acquire the Norwegian company Luminell Group AS.Established in 2010, Luminell develops and provides floodlights, searchlights, and lighting controls in the marine and offshore lighting market…
Offshore drilling contractor Awilco Drilling has secured a contract for its WilPhoenix semi-submersible drilling rig.The company said Monday that it had signed a contract with Ithaca Oil and Gas Limited, which will use the WilPhoenix for a single exploration well at Fotla in Block 22/1b…
Australian oil and gas company Cooper Energy has hired Helix Energy Solutions' Q7000 light well intervention offshore rig, to support decommissioning work at the company's Basker, Manta and Gummy (BMG) fields in the Gippsland Basin, off Australia…
The board of Petrobras has elected four career executives to head up key company divisions rather than bringing in more outsiders, Brazil's state-controlled oil company said on Friday, confirming news previously reported by Reuters.The board of directors of Petroleo Brasileiro SA…
The U.S.-based oil giant Chevron has awarded Worley an engineering and procurement services contract for brownfield modification services for one of its deepwater production facilities located in the Gulf of Mexico.Worley, based in Australia…
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