Italian offshore engineering and construction company Saipem has won a new contract with Mellitah Oil & Gas B.V. Libyan Branch, a consortium formed by the National Oil Corporation of Libya and Eni North Africa, for the development of the Bouri Gas Utilisation Project (BGUP)…
Swansea-based HST Marine, a Purus Wind company, is using Reygar’s BareFLEET technology to understand and report on the performance of its hybrid Crew Transfer Vessels (CTVs), and reduce emissions.The company currently has four hybrid CTVs in operation with three more soon to enter service…
Guyana and the Dominican Republic on Tuesday signed a memorandum of understanding to cooperate on recruiting companies to build a 50,000-barrel-per-day refinery in Guyana that would tap the country's oil wealth.Any project would be at least 51% owned by the Dominican Republic government…
On Wednesday, Japanese oil and gas explorer Inpex raised its full-year net profit forecast by 7% and announced measures to boost the company's value and shareholder returns, including a dividend increase and share buyback.To address the country's number of undervalued stocks…
Oil and gas firm Tullow said Wednesday it had received approval from the Government of Gabon for the extension of several of its Gabon licences to 2046.'The license extensions increase the value of Tullow's resource base through the addition of c…
The FPSO being built for the Sangomar development, Senegal's first offshore oil project, is 90% complete and is expected in Senegal in February 2024.The information was shared on X by Senegal's Ministry of Petroleum and Energy, whose delegation…
Norwegian oil and gas company DNO said Wednesday that a fast-track development concept has been agreed for its 2016 Brasse offshore oil and gas discovery in license PL740 offshore Norway.The concept selection paves the way for detailed design…
Offshore accommodation rig firm Floatel International has secured a 4-month charter to provide accommodation support to Shell in the UK North Sea.Floatel, which owns and operates five semisubmersible accommodation units, said the contract was…
Malaysian offshore services firm Barakah Offshore Petroleum has, via its subsidiary PBJV Group, received the Letter of Award from Brunei Shell Petroleum for the “SPM2 Replacement Project.'PBJV will be responsible for engineering work, supply of materials…
Eight Amazon rainforest nations are expected to face divisions over proposals to block new oil drilling and end deforestation when they meet on Tuesday for their first summit in 14 years.The meeting of the Amazon Cooperation Treaty Organization (ACTO) gathers heads of state from Bolivia…
The UK-based union Unite said Monday that offshore workers employed by Petrofac Facilities Management Limited had voted for strike action in disputes over jobs, pay, and conditions.Around 80 Unite members contracted to work on Ithaca Energy’s FPF1 platform…
Norway has approved a plan to connect Equinor's EQNR.OL Hammerfest liquefied natural gas (LNG) plant to the national power grid in a bid to cut greenhouse gas emissions, despite local opposition, the government said on Tuesday.The plan includes shutting down a gas power plant…
Over the past decade, offshore wind turbines have become an ever more present feature along UK coastlines. As part of reaching net zero, the government has ambitious plans for increasing the capacity of offshore wind from 13.9GW to 50GW by 2050…
Shares in Siemens Energy fell on Monday after the company quantified deeper than expected problems at its struggling wind turbine division that were first unveiled in June, saying the issues triggered a 2.2 billion euro ($2.42 billion) charge…
Australian oil and gas giant Woodside has agreed to sell a 10% stake in the Scarborough joint venture in Australia to LJ Scarborough Pty Ltd (LNG Japan).The Scarborough Joint Venture comprises the Scarborough field and associated offshore and subsea infrastructure…
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