Malaysian FPSO leasing company Bumi Armada has lost its appeal in relation to a 2020 court decision in which it had lost a case against Woodside concerning an FPSO contract termination from 2016.Woodside terminated the contract in 2016 for the FPSO Armada Claire…
Brazilian oil company Petrobras' management approved on Thursday the sale of its entire stake in the Golfinho and Camarupim deepwater oil fields for up to $75 million to Norway's BW Energy Ltd.The sale is part of Petrobras' strategy to divest assets and focus on more profitable operations…
Japan's government plans to resume public auctions for offshore wind power projects by the end of this year, after revising rules to draw a wider range of bidders and encourage faster development of new infrastructure.The resumption follows…
The Biden administration is partnering with 11 East Coast states to accelerate the development of offshore wind facilities, including addressing supply chain issues, advancing construction and boosting jobs, the White House said on Thursday…
Teekay's Sevan Hummingbird FPSO is set to leave Spirit Energy's Chestnut oil field in the North Sea after 13 years of oil production at the site.According to notice to mariners issued by Teekay on Thursday, the FPSO is currently being disconnected from its moorings…
Following last year's initial agreement to team up in the U.S. offshore wind industry, Crowley and ESVAGT have executed additional joint venture agreements that further strengthen their commitment to support purpose-built, Jones Act vessel development and availability for the budding energy sector…
Dutch offshore vessel owner Acta Marine has secured a charter deal with wind turbine maker Siemens Gamesa for its Acta Auriga construction support operations vessel.The vessel will support Siemens Gamesa Renewable Energy’s commissioning activities…
Noble Corporation has found a buyer for five jack-up rigs in a move that could alleviate concerns raised by the UK Competition and Markets Authority.Namely, the CMA said in April it had found that Noble Corp. and Maersk Drilling merger - first…
The European Union and Norway agreed on Thursday to cooperate to bring more gas from western Europe's biggest producer to the EU's 27 countries, nearly half of which are now grappling with cuts to Russian gas supplies.Brussels said on Thursday that 12 EU member states are facing gas cuts…
Ocean Winds, a joint venture between Portugal's main utility EDP with French company Engie, plans to invest 3 billion euros ($3.15 billion) to develop offshore wind projects by 2025, the chief executive of EDP told Reuters on Thursday.The equal…
Nigeria's Senate said on Wednesday it will investigate oil company Shell Plc over alleged illegal extensions of oil exploration leases and is seeking a refund of $200 million which it said accrued over the period.The upper house of parliament…
Alternative power sources might cut emissions on offshore oil and gas platforms by up to 87 percent, and cost-effectively at that.This is according to the winners of a Platform Electrification competition launched in September 2021 by what was then called the Oil and Gas Authority (The OGA)…
The Philippines' outgoing foreign minister said on Thursday that talks over joint energy exploration between his country and China in the South China Sea had been terminated, citing constitutional constraints and issues of sovereignty.The two…
BlueFloat Energy and Energy Estate partnership on Thursday announced its latest offshore wind development in Australia – the 1.155 GW Southern Winds offshore wind project.Southern Winds will use bottom-fixed technology and will be located 10…
The British government is still 'fleshing out details' of a special tax on North Sea oil and gas producers announced last month, energy minister Kwasi Kwarteng told a conference on Thursday.Finance minister Rishi Sunak is due to meet with executives…
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