MacGregor, part of Cargotec, has received a large order for three cranes that will be installed onboard a new cable laying vessel (CLV) being built for Prysmian by shipbuilder Vard.MacGregor will deliver a 100-tonne active heave-compensated (AHC) crane…
The fabrication of a floating production storage and offloading (PFSO) for the Raia project in Brazil, operated by Equinor on behalf of the Raia project consortium, has officially started at Seatrium’s BrasFELS Shipyard.The strike steel ceremony…
Exxon Mobil Corp on Wednesday said it filed a contract arbitration claim disputing Hess Corp's proposed sale of its Guyana oil properties, and suggested it may counter Chevron Corp's pending deal for the assets.The arbitration case seeks to…
Tullow Oil swung into a loss in 2023 after cutting the value of reserves in one of its West African oilfields, as its chief executive said the company would consider shareholder returns after 2025.The London-listed company said on Wednesday it posted a $110 million loss after tax last year…
Challenger Energy has, through its wholly-owned Uruguayan subsidiary CEG Uruguay, entered into farm-out agreement with Chevron for the 60% interest in the AREA OFF-1 block offshore Uruguay.As part of the agreement, Chevron will acquire a 60% participating interest in the AREA OFF-1 block…
Harland & Wolff Group has signed a five-year master services agreement for the fabrication of large structures with oil services company supplying subsea infrastructure for global oil and gas developments.Harland & Wolff has received its first…
Corio Generation, a Macquarie Group company, has deployed Light Detection and Ranging (LiDAR) systems for offshore wind projects in the Philippines.To support its development strategy, LiDARs have been installed in the vicinity of sites in Guimaras and Cavite…
Mitsui O.S.K. Lines (MOL) and Brazil’s state-owned energy giant Petrobras have signed a charter contract for cargo transfer vessel (CTV) SeaLoader 2, and agreed to start negotiations for a new CTV shipbuilding contract by the end of 2024.MOL signed the deal through its wholly owned subsidiary…
Danish offshore wind turbine maker Vestas is ready to deliver its 15 MW-rated turbine for Equinor's Empire Wind 1 scheme, following the successful rebid into New York’s fourth offshore wind solicitation.With a current conditional order in place for the 810 MW Empire Wind 1 project…
Copenhagen Infrastructure Partners (CIP) has signed preferred supply agreement with LS Cable for the supply of both offshore and onshore cables for the 500 MW offshore wind project in Taiwan.The scope of the contract awarded to Korea-based industrial…
TotalEnergies has signed, together with its partner QatarEnergy, an agreement to acquire participating interests in Block 3B/4B, offshore South Africa, from Africa Oil South Africa, Azinam - a wholly owned subsidiary of Eco Atlantic Oil and Gas - and Ricocure…
Classification society ABS said it has granted an approval in principle (AIP) to OceanSTAR Marine & Offshore Investment Pte. Ltd., for its newbuild floating storage and offloading (FSO) design.The OceanSTAR FSO-01 is a shipshape hull design…
Bangladesh will invite international bidding for oil and gas exploration in 24 blocks in the Bay of Bengal on March 10 in an effort to boost domestic energy production, the chairman of state-owned Petrobangla told Reuters on Tuesday.Bangladesh has been battling with energy shortages…
Abu Dhabi National Oil Company's (ADNOC) use of artificial intelligence generated $500 million of additional value last year, it said on Tuesday.The state oil giant said it had already integrated more than 30 AI tools across processes from field operations to corporate decision-making…
Perenco Rio del Rey, one of Perenco’s Cameroon subsidiaries, has started a five well development drilling campaign on the Kita Eden field, in the northern section of the Rio del Rey Basin, offshore Cameroon.As a result of its challenging shallow waters…
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