Oil producer Enquest said on Tuesday it signed an agreement with Petronas to produce additional gas from the Seligi field in Malaysia through existing infrastructure until the end of 2025. The deal is expected to increase EnQuest's gas production by around 25 million standard cubic feet per day…
Australia will change its Petroleum Resource Rent Tax (PRRT) to increase the tax paid by the offshore LNG industry, moves that should increase revenue by A$2.4 billion ($1.6 billion) over the next four fiscal years, Treasurer Jim Chalmers said on Saturday…
Equinor, Repsol Sinopec Brasil, and Petrobras have taken the investment decision to develop the BM-C-33 project in Brazil. The investment is approximately USD 9 billion.Located in the Campos Basin, BM-C-33 comprises three different pre-salt discoveries – Pão de Açúcar…
Petrobras will not do all of its shipbuilding work in Brazil, a top executive said, dashing industry hopes the state-controlled oil firm would review its awarding process to spur job creation. Steel groups, shipping unions and 14 other organizations…
- Warren Buffett said on Saturday that Berkshire Hathaway Inc is not planning to acquire Occidental Petroleum Corp but remains happy with its large investment in the oil company. Speaking at Berkshire's annual shareholder meeting, Buffett rejected…
The new floating terminal for liquefied natural gas (LNG) set up in the Tuscan port of Piombino will start its commercial operations at the end of this month, the CEO of Italy's gas grid operator Snam said on Friday. The terminal will make available…
Japan's MODEC said Monday it would proceed with engineering, procurement, and construction on the Uaru FPSO vessel following a final investment decision on the Uaru offshore oil project by ExxonMobil in Guyana last month.The Uaru FPSO is named ‘Errea Wittu’…
Power cable-making and installation firm NKT has won an order for one of the 400 kV high-voltage power cable systems for the Biscay Gulf Interconnector, strengthening the transmission security and electricity supply between France and Spain…
Equinor's Hammerfest LNG plant in Arctic Norway suffered a compressor failure on Thursday and is expected to remain offline until May 19, Norwegian gas system company Gassco said in a regulatory note on Friday. The outage was caused by a technical…
Singapore's Seatrium, through its subsidiary Sembcorp Marine Offshore Platforms Pte. Ltd. (“SMOP”), has secured a contract worth more than S$500 million for two offshore wind farm substations from Empire Offshore Wind, a joint venture between Equinor and BP…
SFL Corporation Ltd. has signed a $50 million contract with a subsidiary of Portugal's Galp Energia to deploy the harsh environment semi-submersible rig Hercules in Namibia.The contract is for two wells plus optional well testing and is expected to start in the fourth quarter of 2023…
RWE and Northland Power have selected Dajin Offshore as the preferred supplier of offshore wind turbine foundations for their up to 1.6-gigawatt (GW) Nordseecluster offshore Germany. The Nordseecluster cluster will consist of four offshore wind farm sites in the German North Sea…
TenneT has awarded NKT, Nexans, and a consortium of Jan De Nul, LS Cable, and Denys contracts to install 525 kV HVDC cable systems for ten projects.The total volume of the contracts for the production and installation of the ten cable systems amounts to approximately € 5…
NOV has signed a new contract with China's CIMC Raffles to supply another GustoMSC™ NG-20000X self-propelled wind turbine installation jack-up vessel design for Havfram, an offshore wind services company based in Norway, which recently ordered its second wind turbine installation vessel from CIMC…
Vietnam aims to more than double its power generation capacity by 2030, but has slightly lowered its target for offshore wind and will heavily rely on coal until the end of the decade, according to a government document seen by Reuters.Total…
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