In a move that might make some nervous, the United States — through its “strategic” investment arm, the newly enlarged International Development Finance Corporation — has announced plans to invest USD 1 billion on unspecified European energy projects. The caveat, judging by Tweets from Secretary of State Pompeo and his online Munich Security Conference Speech titled, The West is Winning, is that the projects ought to ward off Russian and Chinese influence…
Indonesia's state-owned oil and gas company PT Pertamina signed a framework agreement with Malaysia's Petronas to sell and buy crude this year, Pertamina said in a statement on Tuesday.The agreement is a follow up to their plan last year to swap crude…
Gigastack, a project designed to create renewable hydrogen from offshore wind at industrial scale, has been awarded GBP 7.5 million funding for the second phase of the project.Led by ITM Power, Ørsted, Phillips 66 Limited and Element Energy…
Petrofac Emirates, a subsidiary of the UK oilfield services company Petrofac, has signed two contracts worth $1.65 billion with Abu Dhabi National Oil Company (ADNOC) in the United Arab Emirates to deliver offshore platforms and gas processing facilities…
Malaysian oil and gas giant Petronas has said that its second FLNG Unit, the PFLNG Dua, has set sail from South Korea, and is on its way to the Rotan gas field, offshore Malaysia.The journey, which started from the Samsung Heavy Industries yard in Korea…
Article updated to add more info on the scope of workOffshore vessel supplier DOF Subsea has found work for its Geosea vessel outside of the offshore energy sector.The 84.8 meters long vessel has been awarded a contract with N-Sea, with the end client being the Royal Netherlands Navy…
South Korea's Posco International has made a gas discovery at the Mahar well offshore Myanmar.Located in Block A3, the well was drilled using the Maersk Viking drillship in a water depth of 1000 meters.The Korea Herald has reported that the…
Mexican national oil company Pemex has begun signing contracts with oilfield service firms specifically invited to submit bids for a new batch of priority exploration and production projects, the state-owned company's chief executive said. CEO…
A crane boom reportedly collapsed Friday morning aboard the Valaris 120 jack-up drilling rig in the UK North Sea, luckily causing no harm to the crew.A rig workers' community page on Facebook called The Rig Worker's Rant released a photo apparently…
Norwegian energy company Equnor has extended the charter deal for the Stril Pioner platform supply vessel.The LNG-powered PSV owned by Norway's Simon Mokster will start the contract in direct continuation of the current contract.As with other…
KrisEnergy, an oil company focused on Southeast Asia, has been served a claim by Rubicon demanding a $2.84 payment in relation to a 2014-charter of the Rubicon Vantage FPSO, deployed at KrisEnergy's Wassana field as an FSO. Rubicon has, according to KrisEnergy…
A North Sea oil worker who had developed what were believed to be new coronavirus symptoms has tested negative.The worker, a crewmember on Taqa’s Tern Alpha platform, was reported to have had “minor symptoms after returning recently from holiday in Thailand…
Egypt has reached initial agreements with five major energy firms to explore for oil and gas in deep waters off its western coast on the Mediterranean, the petroleum minister said, the first such deals in that offshore region. The five companies are Royal Dutch Shell…
Jack-up rig operator Borr Drilling has entered into a new financing arrangement for the newbuild jack-up rig Tivar.The drilling rig of the KFELS Super B Bigfoot Class is under construction at KFELS shipyard in Singapore and set for delivery in July 2020…
Stavanger-based offshore services provider Endur Energy Solutions, a subsidiary of Endur, will file for bankruptcy, on the back of weak results.The parent company Endur in the fourth quarter of 2019 reported a total turnover of NOK 122 million…
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