Australian oil and gas company Santos has made a 'significant' oil discovery at Pavo-1 exploration well, 46 kilometers east of the Dorado field in the Bedout Sub-basin, offshore Western Australia.According to Santos, the well was drilled on…
A Brazilian Senate committee on Tuesday approved an invitation to Petrobras Chief Executive Joaquim Silva e Luna to explain the state-run oil company's dividend policy, amid surging oil prices.The infrastructure committee also approved another request for a public hearing with oil industry experts…
Cornerstone investors Eni and CDP together with a pool of banks are ready to advance 1.5 billion euros of an overall 2 billion euro capital increase to rescue troubled Italian energy service group Saipem, two sources said on Tuesday.Energy group Eni owns 30…
Norwegian offshore wind vessel operator Edda Wind last Saturday launched Commissioning Service Operation vessel (CSOV) C490 at Astilleros Gondan Shipyard in Spain. The vessel will serve the Dogger Bank offshore wind farm in the UK.The newbuild…
Offshore construction company Lamprell has signed a capacity reservation agreement for the construction of transition pieces for wind turbines to be deployed at the Moray West offshore wind farm in the UK.Ocean Winds is developing the Moray West project…
BP, through its BP Ventures, has made a £3 million equity investment in Flylogix – an unmanned aerial vehicle (UAV) business that uses drones to aid methane detection in the offshore oil and gas industry sector.The financial injection is part of a funding round led by Amati Global Investors…
A consortium formed between GE Renewable Energy’s Grid Solutions and New York-based BOND Civil & Utility Construction said Tuesday it had secured a contract from Empire Offshore Wind JV to supply an onshore substation for Empire Wind 1, one of New York’s first offshore wind farm projects…
The UK's overall pipeline of offshore wind projects now stands at 86GW, more than eight times the country's current operating capacity, according to a new report from RenewableUK.The UK offshore wind project pipeline includes projects which are fully operational…
GustoMSC said Tuesday it had recently completed model tests on its Tri-Floater semi-submersible floater capable of hosting very large wind turbines. Among other tests, the floater passed the tests involving extreme sea state with a significant wave height of 13…
Oilfield services giant Baker Hughes has agreed to acquire Norway-based well intervention specialist Altus Intervention.The company said the acquisition of the well intervention services and down-hole oil & gas technology company, complemented…
Norway's Equinor is ramping up production at its Snorre B platform in the North Sea after shutting it down earlier on Monday following an earthquake, the company told Reuters.'We started on this actually a couple of hours ago already, so we're…
Oilfield services company Petrofac has won two-year operations and late-life asset support contract extension with Spirit Energy in the UK North Sea.Under the contract, Petrofac will provide operations and maintenance support for Spirit Energy’s York platform in the Southern North Sea…
Britain will likely run a North Sea offshore oil and gas licensing round for existing discoveries this year, a spokesperson for the Oil and Gas Authority (OGA) said on Monday.The OGA, which is changing its name to the North Sea Transition Authority (NSTA)…
Norwegian oil and gas company Equinor has exercised an option for further work for Odfjell Drilling's Deepsea Stavanger semi-submersible drilling rig.The further work was awarded under the continued optionality mechanism provided for in the contract entered into by the two companies in May 2021…
Norway-based offshore vessel owner Integrated Wind Solutions (“IWS”) has ordered two Walk-to-Work Commissioning Service Operations Vessels (“CSOV”). The vessels are scheduled for delivery in H1 2024 from China Merchants Industry, Hong Kong. Currently…
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