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Japan's JERA Pens New LNG deal with Russia's Sakhalin-2

Aug 26, 2022

Japan's JERA has signed a deal with the new operator of the Sakhalin-2 energy project in Russia to maintain long-term deliveries of liquefied natural gas (LNG), a spokesperson for the country's biggest power generator said on Friday.Russian…

Greencoat Buys Into World's Largest Offshore Wind Farm

Aug 26, 2022

Renewable infrastructure fund Greencoat UK Wind plc has completed the acquisition of a net 12.5% stake in Hornsea 1 offshore wind farm in the UK.The deal was first announced on May 16, 2022, when Greencoat said it would buy the 12.5% stake in…

Heavy Norwegian Gas Maintenance Adds to Energy Price Pressure

Aug 26, 2022

Norway, which has overtaken Russia as the biggest gas supplier to Europe in the wake of the war in Ukraine, will curtail its gas exports significantly next month due to heavy maintenance activity, with some work deferred from earlier this year…

Velesto Nets $13,4M P&A Work at Petronas' Tembungo Offshore Field

Aug 26, 2022

Malaysian oil and gas company Petronas has awarded a contract to the offshore services firm Velesto for the plugging and abandonment services at Tembungo A & B platforms offshore Sabah, Malaysia.Velesto said Thursday that the contract had an…

Helix Wins Offshore Decommissioning Work in Thailand

Aug 26, 2022

Helix Robotics Solutions has won a 180-day contract by a local Thailand contractor to perform decommissioning services using the subsea construction vessel Grand Canyon II.The company, a robotics branch of the Helix Energy Solutions Group, said…

Norway: Valhall Platform Module Deal Goes to Rosenberg Worley, Potentially Creating 1000 Jobs

Aug 26, 2022

Norwegian oil and gas company Aker BP and its alliance partner, engineering and construction firm Aker Solutions, have awarded Rosenberg Worley a letter of intent for the construction of two modules for the new central platform on the Valhall field in the North Sea…

Boosted by Eni, Mexico's Newest Crude Finds Its Way to U.S. Refiners

Aug 26, 2022

Exports of Mexico's newest crude are ramping up under Italy's Eni as U.S. refiners find it an apt replacement for banned Russian oil and one that complements domestic grades. The shipments, which started in April according to Refinitiv Eikon data…

NSNR Taps Shearwater for Devil’s Hole Horst Prospect Survey

Aug 26, 2022

Marine seismic survey contractor Shearwater GeoServices has won a contract for a 3D survey of the Devil’s Hole Horst prospect in the UK North Sea by North Sea Natural Resources (“NSNR”).The towed streamer survey covers approximately 1,586 sq km and will be carried out by the SW Bly vessel…

Shell, PGS in Seismic Data Library Deal

Aug 26, 2022

Norway-based marine seismic data acquisition and processing services firm PGS and oil major Shell have entered into a multi-year agreement for access to a significant part of PGS’ MultiClient Data Library.'Over the last two years, PGS has developed…

Australia: Santos Limits Barossa Gas Drilling Pending Court Decision

Aug 26, 2022

Santos Ltd has agreed to pause some drilling on the Barossa gas project in waters off northern Australia pending a court decision on a challenge by a group of Indigenous land owners seeking to stop the $3.5 billion project.Hearings on the case concluded on Friday at the Federal Court in Darwin…

Neptune Energy Finds Oil at Ofelia Well Near Gjøa Platform

Aug 26, 2022

Oil and gas company Neptune Energy said Friday it had made a new commercial discovery at the Ofelia exploration well, near the Gjøa field in the Norwegian part of the North Sea. The plan is to develop the discovery as a tie-back to the Gjøa platform…

Dutch Build Out North Sea Wind Farms, Test Floating Solar Panels

Aug 25, 2022

Wind turbines, floating solar panels, and green hydrogen at sea are among the projects under construction off the Dutch coast, as a country famed for its water engineering prowess builds out its renewable energy infrastructure.On a tour of North Sea facilities on Aug…

Shell Namibia Books Semi-submersible Drilling Rig

Aug 25, 2022

Oil major Shell has booked a semi-submersible drilling rig for its operations in Namibia, where it recently struck a major offshore oil discovery.Offshore rig owner Northern Ocean said Thursday that Shell Upstream Namibia B.V., a subsidiary of Shell…

Australia Needs Massive Renewable Energy Expansion to Hit Net Zero by 2050

Aug 25, 2022

Australia will have to invest in renewable energy and carbon capture and storage at unprecedented speed and scale in order for the economy to achieve net zero carbon emissions by 2050, modeling released on Thursday showed.The Net Zero Australia…

Oil Money is Flooding into Guyana. Who Will Benefit?

Aug 25, 2022

Ever since Exxon Mobil found vast deposits of oil off Guyana's coastline in 2015, government leaders have pledged that black gold would transform the fortunes of one of South America's poorest countries.This year alone, the economy should grow 48%…

Current News

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Venterra Company, CAPE Holland

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Bae Systems Launches Incubator

DOF Group ASA Contract Award for Well Intervention Services in North America

DOF Group ASA Contract Award f

Jacket Loadout Milestone Completed for BorWin6 Offshore HVDC Platform

Jacket Loadout Milestone Compl

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