Shallow water offshore drilling contractor Shelf Drilling has secured a contract extension for its Shelf Drilling Achiever jack-up drilling rig in Saudi Arabia.The rig, of the GustoMSC CJ46-X100-D 350 design, had a contract with Saudi Aramco running until December 2022…
The American Petroleum Institute, the top U.S. oil lobby organization, on Tuesday urged President Joe Biden’s administration to lift a slew of restrictions on fossil fuel development to help ease soaring energy prices.The request underscores…
Oilfield services company Danos said it has been brought on to support the Promethean Decommissioning Company (PDC) and Petrofac alliance to decommission multiple facilities in shallow water fields in the Gulf of Mexico. The project, which began at the end of May…
Oilfield services company Petrofac said Tuesday it has been awarded an Integrated Services Provider (ISP) contract by Anasuria Operating Company (AOC).The five-year contract, which has an option to extend, starts in June. Under the deal, Petrofac…
Norway's minority government will remove three Arctic oil exploration blocks from its licensing round as part of a deal with the opposition to secure backing for its 2022 budget.The Norwegian oil industry lobby said it was disappointed by the…
Solstad Rederi AS, a wholly owned subsidiary of Norwegian-based offshore shipowner Solstad Offshore ASA, has sold the platform supply vessel (PSV) Normand Corona.The 85.65-meter-long Normand Corona was built at Kleven Verft in 2006.The vessel was handed over to its new owner on June 14…
Maritime Developments Ltd (MDL) and Jumbo Maritime have completed a deepwater polyester mooring rope installation in the Gulf of Mexico.The project moored a new floating production unit (FPU) at depths of 1,200m (4000ft). The operation was performed…
The region could be a key growth market for the oil and gas industry going forward, writes Joshua Belo-Osagie, Maritime Strategies International (MSI).Improving sentiment surrounds energy market prospects offshore West Africa, the positive mood underpinned by higher oil prices…
APA Corporation, the operator of Block 53 offshore Suriname, said Monday it had recently completed drilling operations at the Rasper well, hitting water bearing reservoirs.'APA has completed operations on the Rasper well in the northwestern area of the block…
Shell's subsidiary Amber Baltic Wind Ltd has submitted proposals for new offshore wind locations in the Polish Baltic Sea zone as part of the latest government tender. The sites included in the tender will help deliver Poland’s ambition of reaching 11 GW of installed offshore wind capacity by 2040…
Lebanon is preparing to offer a compromise to U.S. energy envoy Amos Hochstein to resolve a dispute with Israel over maritime gas resources, three Lebanese officials with knowledge of the negotiations told Reuters.Hochstein landed in Beirut on Monday at the invitation of the Lebanese government…
A tidal energy system has officially powered up and is now delivering clean electricity to Nova Scotia’s power system, making it the first to deliver in-stream tidal power to the grid in Canada. “This marks an incredible milestone in our journey…
The number of people working in the U.K. offshore wind industry is expected to surge following an expansion of the pipeline of projects at all stages of development over the past 12 months, according to a report published Monday by the Offshore Wind Industry Council…
BP announced it will buy Cenovus Energy's 35% stake in the undeveloped Bay du Nord project in the Flemish Pass offshore Canada's Newfoundland and Labrador.As part of the deal announced on Monday, BP will also sell its 50% non-operated interest…
EU sanctions on Russia’s petroleum exports and easing lockdowns in China have encouraged portfolio investors to become more bullish on oil prices despite the steadily darkening outlook for the major economies.Hedge funds and other money managers…
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