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U.S. to Put $1B on Euro Energy Projects

2 hours ago

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…

Pertamina, Petronas Swapping Crude Oil

few minutes ago

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…

Funding Granted for Offshore Wind-To-Hydrogen Project

2 hours ago

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 Lands Huge Offshore Deal with ADNOC

3 hours ago

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…

Petronas' 2nd FLNG Sets Sail for Malaysian Offshore Field

4 hours ago

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…

DOF Vessel to Work for Dutch Navy

5 hours ago

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…

Posco Strikes Gas Offshore Myanmar

6 hours ago

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…

Pemex Signs Contracts for New Oil Projects

6 hours ago

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…

Report: Crane Boom Falls on North Sea Jack-Up Rig

Feb 17, 2020

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…

Stril Pioner PSV in 8-Month Charter with Equinor

Feb 17, 2020

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…

Rubicon Demands Payment from KrisEnergy

Feb 17, 2020

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…

North Sea Oil Worker Tests Negative for Coronavirus

Feb 17, 2020

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…

Five Oil Majors Sign Offshore Exploration Deals in Egypt

Feb 17, 2020

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…

Borr in New Financing Deal for Newbuild Jack-Up Rig

Feb 17, 2020

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…

Endur Energy Solutions Goes Bankrupt

Feb 14, 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…

Current News

Lundin Gets OK for Barents Sea Wildcat

Lundin Gets OK for Barents Sea Wildcat

Early Charter Termination for SFL Trio

Early Charter Termination for SFL Trio

Pertamina, Petronas Swapping Crude Oil

Pertamina, Petronas Swapping Crude Oil

Petronas Carigali Charters Alam AHTS

Petronas Carigali Charters Alam AHTS

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