Malaysian offshore vessel owner Icon Offshore unveiled Thursday that it had received a Letter of Award from SEA Hibiscus for the provision of one 60MT anchor handling tug supply vessel to perform their 2023/24 drilling campaign. The provision of service started on October 24…
Saudi Aramco on Tuesday reported a 23% fall in third-quarter net profit on the back of lower oil prices and volumes sold, marginally beating analyst estimates and helping underpin its shares.Net profit fell to $32.6 billion for the quarter to Sept…
Singapore's Seatrium said Tuesday its subsidiary PPL Shipyard would soon receive a payment of around 968 million Singaporean dollars (around USD 713,7 million) from offshore drilling company Borr Drilling.PPL Shipyard in October 2022 reached…
Mexican state energy company Pemex and U.S. liquefied natural gas (LNG) company New Fortress Energy NFE.O have terminated a deal to develop potentially the country's first deepwater natural gas project that was signed a year ago, two sources with direct knowledge of the matter said…
Offshore transportation and installation contractor McDermott said Tuesday it had won a 'large' transportation and installation contract with India's Oil and Natural Gas Corporation (ONGC) for the KG-DWN-98/2 development project, located off the east coast of India…
Kosmos Energy said on Monday that the start-up of the BP-operated Greater Tortue Ahmeyim (GTA) gas project offshore Senegal and Mauritania could slip into the second quarter of 2024.BP last week said that the project was 90% complete and is expected to start production in the first quarter…
Denmark's green investment proposal valued at USD 1.3 billion for developing the country's first 500 MW utility-scale offshore wind energy project has received approval in principle from the Bangladesh government to carry out a detailed feasibility…
Rex International's subsidiary Lime Petroleum has entered into sale and purchase agreements with the Norwegian oil firms DNO and OKEA to acquire a stake in a Norwegian North Sea License containing the Brasse field, which is expected to start commercial production in 2027…
Energy expert and assurance provider DNV said Tuesday it had concluded Phase 1 of its joint industry project (JIP) aimed at establishing offshore substation standards for the growing floating wind sector. 'The collaborative industry effort has…
AD Ports Group said Tuesday it had acquired offshore vessels from E-NAV, for around $200 million, to bolster offshore operations in the Middle East and Southeast Asia.According to AD Ports, the vessels make up a well-maintained, diversified fleet with an average age of around 9 years…
New Fortress Energy said Monday it had executed a definitive agreement to charter the Floating Storage and Regasification Unit (“FSRU”) Energos Winter from Brazil's Petrobras starting in December 2023. The FSRU Energos Winter will be immediately deployed to Terminal Gas Sul (“TGS”)…
Shell's finance chief said on Thursday the firm had exited a power purchase agreement (PPA) for the planned SouthCoast windfarm off the coast of Massachusetts, agreeing to pay a penalty rather than face rising costs for building the project…
Oil and gas company BW Energy said Monday that its DHBSM-1 appraisal well has encountered commercial volumes of oil in the Hibiscus South satellite prospect, offshore Gabon.The company said it planned to return to the well to complete it as a production well in early 2024…
A tanker carrying liquefied natural gas (LNG) docked at Finland's Inkoo terminal on Sunday and has begun unloading, energy company Gasum said on Monday, the second cargo to arrive since the damage last month to a Finnish-Estonian pipeline.The Arctic Princess…
The British government plans to legislate to mandate annual North Sea oil and gas licensing rounds, in a move Prime Minister Rishi Sunak says would create certainty for the industry during a transition to greener energy.In July the government…
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