Malaysia's Petronas has signed Production Sharing Contracts (PSCs) for five offshore exploration blocks, namely SB412, 2W, and X located off the coast of Sabah, and SK439/SK440 situated off the coast of Sarawak. Block SB412 in Sabah was signed between Petronas…
Dutch offshore installation contractor Boskalis has won a contract for the Hollandse Kust West Beta wind farm export cable contract by TenneT, in consortium with Orient Cables (NBO). The contract scope comprises the installation of two 65-kilometer…
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…
U.S. oil producer Exxon Mobil Corp is drilling in a new area offshore of Brazil that could have as much as 1 billion barrels of oil and gas, its partner Murphy Oil said on Tuesday.If exploration is successful, it would be Exxon's first oil discovery in Brazil as an operator…
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 Metals Company (TMC), a company extracting battery metals from seafloor polymetallic nodules, said it had together with its strategic partner and shareholder, Allseas, successfully completed deployment and wet-test commissioning of their pilot robotic nodule collector vehicle…
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…
Norway-based subsea services company Reach Subsea is set to close the acquisition of the offshore survey company iSurvey, first announced in mid-February.As previously reported, Reach Subsea said on February 17 it had agreed to buy the offshore…
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…
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