Exxon Mobil Corp is considering selling its majority stake in Italy's main regasification terminal as part of a wider strategy to divest from non-core assets, the company said in a statement on Wednesday. The Rovigo liquefied natural gas (LNG)…
Oslo-listed offshore vessel owner DOF has secured a new four-year firm contract for the platform supply vessel Skandi Gamma with UK-focused oil company Ithaca Energy.The contract for the 2011-built PSV also includes two 1-year extension options…
The U.S. Environmental Protection Agency (EPA) by May should complete a review of Louisiana's request to take on oversight of carbon capture projects, according to a letter to the state, which wants to speed up approvals.Louisiana is seeking to permit and monitor so-called Class VI wells…
JX Nippon Oil & Gas Exploration Corporation has to acquire the entire issued shares of the offshore drilling firm Japan Drilling Co., Ltd. (“JDC”).The company plans to complete the acquisition around the end of April of 2023.'Upon completion of the acquisition…
BW Offshore said Wednesday it had closed the transaction for the sale of the FPSO BW Opportunity for $125 million to an undisclosed third party.The Oslo-listed FPSO provider last Friday said it had agreed to sell the laid-up FPSO to an unnamed buyer…
Golar LNG has acquired New Fortress Energy's (NFE) stake in FLNG Hilli - also known as Hilli Episeyo. 'In return for NFE’s 50% Common Unit holding in Golar Hilli LLC, Golar has transferred its remaining 4.1 million NFE shares to NFE, paid NFE $100 million in cash…
Oil major Shell has sanctioned the development of the Dover offshore oil field in the Gulf of Mexico.Shell plans to develop the Dover project as a subsea tieback to the Shell-operated Appomattox offshore production platform, with two production wells produced through a 17…
The UK-based Offshore Renewable Energy (ORE) Catapult is driving forward decarbonization in the maritime industry after winning two projects in the Clean Maritime Demonstration Competition (CMDC) round 2, funded by the Department for Transport…
Operations and Maintenance Base for what will be the world's largest offshore wind farm - the Dogger Bank - was officially opened on Tuesday in Port of Tyne.Equinor, a partner in the North Sea wind farm, said that the O&M base would serve as the hub for operations for Dogger Bank Wind Farm…
UK-based marine electrical engineering company MJR Power and Automation on Tuesday announced the successful harbor trials of its platform-mounted automated offshore power and charging system.The offshore power and charging system is designed…
Shell's Malaysian subsidiary Sarawak Shell Berhad has completed the previously announced sale of its stake in two offshore production sharing contracts (PSC) in the Baram Delta to Petroleum Sarawak Exploration & Production Sdn. Bhd. (“PSEP”)…
A federal judge has dismissed a lawsuit filed by New York and New Jersey residents challenging preliminary government plans for offshore wind farm development off the Atlantic coast.U.S. District Judge Dabney Friedrich in Washington, D.C., said [last] Thursday that the U…
Norwegian offshore vessel owner Solstad Offshore has sold the anchor-handling tug supply vessel Far Sabre for an undisclosed fee.The 2008-built vessel has been in layup since 2019. Delivery of the vessel to the new owner took place on Tuesday…
John Wood Group has sold its offshore labor supply operations in the Gulf of Mexico to Louisiana-based energy services contractor Danos.The sale was for a cash consideration of $17 million, with Wood retaining working capital. This represents an EV/EBITDA multiple of around 8x…
Norwegian state energy firm Petoro reported on Tuesday more than a doubling of its annual earnings thanks to soaring gas prices and said it expected the world to need petroleum supplies 'for a long time to come.'The oil and gas company's net profit rose to a record 539 billion Norwegian crowns ($50…
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