Accommodation provider Prosafe has been hit with an order from the Norwegian Petroleum Safety Authority (PSA) after failing to remedy non-compliances found during an inspection. The PSA carried out an inspection on the Safe Scandinavia in September this year…
Perpetuus Tidal Energy Centre (PTEC) has announced major partnerships with global tidal turbine manufacturers, Schottel Hydro and Tocardo Tidal Turbines. PTEC is a 30 MW tidal tidal energy generation project being created off the Isle of Wight…
ExxonMobil is fast-tracking its Stabroek Block project where its giant Liza discovery lies, as the supermajor officially gave notice of the area’s commercial oil find to Guyana’s government yesterday (16 November), according the country’s Government Ministry of National Resources…
Electromagnetic Geoservices (EMGS) has entered into a firm contract with an oil company in Malaysia, confirming the provisional agreement announced oN 1 November 2016. The contract extension is worth approximately US$8 million and relates to a 3D EM data acquisition offshore Sabah…
Noble Energy's long-term plans has cut 60 jobs from its workforce, with 55 of them in Houston, and lays out plans for its offshore assets in the Eastern Mediterranean. Tamar operations, image from Delek…
Black Sea Oil & Gas (BSOG) has awarded Xodus Group a front-end engineering and design (FEED) contract for the development of the Ana and Doina discoveries in the Black Sea. Xodus will work on the offshore and onshore facilities for the development of the Midia Gas Development Project…
Malaysia’s Petronas has achieved first gas from its first floating liquefied natural gas (FLNG) facility, PFLNG SATU earlier this week (14 November) from the Kanowit gas field, offshore Sarawak. Image of the PFLNG SATU…
Sembcorp Marine subsidiary SMOP has awarded Dutch firm Framesa contract for the supply of two seawater electrochlorination systems, one wellhead control panel complete with a hydraulic power unit, and three hydraulic power units for topside and subsea valves…
South Korea's Hyundai Heavy Industries (HHI) is following through with part of its improvement plan that will see the company split into four. Image from HHI. Under the company’s plan…
Austal Ltd. has delivered its second high speed crew transfer vessel this year, to Swire Pacific Offshore (SPO). The 57.6m, all-aluminium catamaran was designed by Incat Crowther and constructed by Austal’s shipyard in the Philippines. It…
New Zealand Oil & Gas has reached agreement to sell its 15% interest in the Kupe gas and light oil fields and production station to Genesis Energy for US$119 million (NZ$168 million), offshore New Zealand. The effective date of the transaction…
Shell is set to cut 380 jobs as the supermajor moves to close its finance office in Glasgow following a review of its global finance operations, according to news reports. 'For Shell to remain competitive, difficult choices continue to…
Oil markets could be in for another bumpy ride, a new report from the International Energy Agency (IEA) says. The agency’s report also says that a true global gas market is upon us, in addition to the need to invest US$44 trillion in the global energy supply…
Sirius Petroleum entered into a financed drilling contract with COSL Drilling Pan-Pacific Ltd. (COSL), for the provision of a high specification jackup rig that will be utilized to drill a multi well campaign as part of its shallow water development strategy in Nigeria at the Ororo project…
Antrim Energy entered into an agreement with AzEire to purchase all of the issued and outstanding shares in the capital of Antrim's Ireland subsidiary, Antrim Exploration (Ireland) Ltd. in a US$250,000 in cash deal. The deal is expected to close by 25 November.
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