China's state-run offshore oil and gas major CNOOC Ltd said it plans to raise up to 35 billion yuan ($5.41 billion) in a new share issue on the Shanghai stock exchange to fund several key oil and gas projects.The domestic fund-raising plan came as U…
Danish offshore vessel owner Esvagt said Monday that the Spanish oil firm Repsol had extended the contract for the Esvagt Corona standby/rescue vessel for an additional 18 months.The contract for standby services at Repsol's Yme field in the Norwegian North Sea now runs until the spring of 2023…
Oilfield services giant Petrofac said Friday it had struck a plea agreement with the UK Serious Fraud Office (SFO) in relation to its investigation into the company's historical use of agents in the Middle East.Following requisition by the UK's Serious Fraud Office (SFO)…
Aberdeen-based offshore rig inspection company ADC Energy has said it has won a contract with an unnamed U.S.-based LNG company to help it identify and select offshore drilling rigs suitable for conversion for LNG operations.According to ADC Energy…
Classification society and energy industry consultancy DNV has published a new Technical Note (TN) providing principles for determining site extreme wind speeds for wind farms caused by tropical cyclones. The company produced the document after…
Offshore helicopter transportation company CHC on September 1 said it had completed the acquisition of Babcock International’s offshore oil and gas aviation business. Now, the UK competition watchdog Competition and Markets Authority has launched an inquiry to see whether the deal has resulted…
A federal judge in Washington, D.C., is allowing Louisiana to intervene in a lawsuit challenging an upcoming drilling lease auction, giving the staunch proponent of the federal oil and gas leasing program another chance to defend it in court…
FPSO supplier BW Offshore has received regulatory approvals for the Joint Venture Partnership consisting of BW Offshore Limited, ICMK Offshore Investment Pte Ltd, and Macquarie Bank Limited for the Barossa FPSO project.As previously informed…
U.S. oil major ExxonMobil has awarded Norwegian offshore seismic data acquisition firm PGS a contract for a 3D survey offshore Suriname.PGS' 104.2 meters long Ramform Tethys seismic vessel is scheduled to start the acquisition during the fourth quarter of 2021…
Classification society American Bureau of Shipping (ABS) has granted its Approval in Principle (AIP) to Ned Project Inc. for its hydrogen-ready wind turbine installation vessel (WTIV) design.The NP20000X ULAM design is intended to be Jones Act…
Dutch FPSO provider SBM Offshore has secured a US$635 million bridge loan facility for the financing of the construction of FPSO Almirante Tamandaré, one of the world's largest FPSOs.SBM Offshore said Friday that it had secured the loan by the…
Vessel utilization in the offshore oil and gas seismic data acquisition sector has reached pre-pandemic levels in the third quarter of 2021, Rystad Energy has found.Rystad, a Norway-based energy industry intelligence firm, said that, after several devastating quarters caused by the pandemic…
The UK Oil and Gas Authority (OGA) has announced a £1million ($1,37 million) decarbonization competition for the electrification of offshore oil and gas platforms in the UK North Sea.'The competition is designed to advance the widespread electrification…
Danish offshore vessel operator Esvagt, which earlier this week took delivery of a newbuild service operation vessel from Havyard Leirvik, plans to deploy the vessel at an offshore wind farm in the UK.The company said Thursday that the vessel…
Chinese offshore oil and gas company CNOOC said Thursday that a project to power Bohai Bay offshore fields from shore has kicked off operation successfully.'This onshore power project is located in the mid-western Bohai Bay, containing two parts…
Subscribe
