The West's top energy firms are expected to rake in a combined record profit of $200 billion from a turbulent 2022 marked by huge volatility in oil and gas prices after Russia's invasion of Ukraine with buoyant earnings likely to roll through 2023…
Mainprize Offshore, an offshore services company, is installing Reygar's BareFLEET vessel monitoring system on seven of its semi-SWATH crew transfer vessels (CTVs) to make its growing fleet more efficient and improve its operational performance…
Vessel designer Chartwell Marine has won of a £320,000 Innovate UK Smart Grant which will enable Chartwell and consortium partners — Boat Electric & Electronics and Engineered Marine Systems — to develop and test the feasibility of 'a market-first' methanol-fuelled vessel design…
Plenitude, a division of Eni, and Simply Blue Group, an Irish developer of offshore renewable energy, have signed a deal to work together on a pipeline of new floating offshore wind projects in Italy. 'Through this collaboration, the parties…
The first turbines at Parkwind's Arcadis Ost 1 offshore wind farm in Germany have started electricity production. According to Parkwind, Arcadis Ost 1 has been delivering power to the German grid since January 12, 2023.The 257 MW offshore wind farm is located in the German section of the Baltic Sea…
Norwegian offshore engineering and construction firm Aker Solutions said Tuesday it had won a 'sizeable' contract with the French oil major TotalEnergies in Brazil.The contract is for the provision of the subsea production system, tools, and…
Technip Energies, leading a joint venture composed of Samsung Engineering and Tecnimont S.p.A. (TST JV), has secured a Pre-Construction Services Agreement (PCSA) related to the onshore facilities for the Hail and Ghasha gas development project in Abu Dhabi…
Indonesian state energy firm Pertamina is still discussing its plans to participate in the Abadi liquefied natural gas (LNG) project with the country's upstream oil and gas regulator, officials said on Tuesday. Indonesia has been seeking an…
Guyana's revenue from oil exports and royalties this year is expected to climb 31% to $1.63 billion, Finance Minister Ashni Singh said on Monday, on higher output from the addition of a third production facility near year-end. The South American…
Britain's first oil and gas exploration licensing round since 2019 attracted 115 bids, up from 104 in the last round, with the licences likely to be awarded from the second quarter, the North Sea Transition Authority (NSTA) said on Tuesday. Britain's…
Exxon Mobil Corp. is preparing to approve its fifth oil production project in Guyana and is considering taking additional exploration acreage, the head of its Guyanese operations, Alistair Routledge, told Reuters in an interview. The efforts…
Edda Wind, the Norwegian offshore wind vessel owner, held a naming ceremony for its 'Edda Boreas' commissioning service operation vessel on Saturday.The traditional ceremony where a bottle of champagne was sacrificed for good luck took place at Gondan Shipbuilders in Spain…
The planned restart of the second process platform on Equinor's Johan Sverdrup oilfield has been postponed due to an equipment fault, and repairs are now ongoing, a company spokesperson told Reuters on Monday. Equinor's Sverdrup field last week suffered an outage due to a loss of power supply…
Brazilian oil firm Petrobras said that the Guanabara FPSO installed in the Mero field, in the Santos Basin pre-salt, had reached its maximum production capacity, with the mark of 180 thousand barrels of oil per day (bpd). The milestone was reached about eight months after the unit started operating…
Indonesia has deployed a warship to its North Natuna Sea to monitor a Chinese coast guard vessel that has been active in a resource-rich maritime area, the country's naval chief said on Saturday of an area that both countries claim as their own…
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