Oil and gas company Afentra plc, led by former Tullow CEO Paul McDade, has signed an agreement with Angola's Sonangol to buy interests in Block 3/05 and Block 23, offshore Angola.Afentra will pay $80 million and could also pay contingent payments…
U.S.-based Great Lakes Dredge & Dock Company (GLDD) has ordered rock installation equipment from the Dutch company Huisman.The equipment will be installed on the GLDD's newbuild rock installation vessel, which will support the development of offshore wind in the U…
Offshore drilling company Seadrill said Thursday it had secured three contracts with 'a leading operator' in the Middle East for three of its drilling rigs.The contracts, with an unnamed client, are for the West Ariel, West Cressida, and West Leda jack-up drilling units…
Oil production at Brazil's Petrobras rose in the first quarter as additional wells ramped up or came online, while a new platform set to start pumping in May should help that trend continue, the state-run company said on Wednesday.In a securities filing…
TotalEnergies has paid Brazil's Petrobras R$4.7 billion ($946,7 million) for its 22.5% share in the Atapu compensation.Atapu is the block acquired by the consortium composed of Petrobras (52.5%), Shell (25%), and TotalEnergies (22.5%) in the…
Oil and gas company Neptune Energy on Thursday confirmed the discovery of oil and gas at the Hamlet exploration wells (PL153) in the Norwegian sector of the North Sea. To remind, Neptune first announced it had struck hydrocarbons at the Hamlet well back in March…
Belgian offshore installation services company DEME Offshore said Thursday it was making strong progress with monopile installation at RWE’s Kaskasi offshore wind farm in Germany.'A substantial part of the scope is in DEME’s hands, including…
ADES, a Middle East-focused offshore drilling company, is continuing with its April offshore rig shopping spree.After agreeing to buy four jack-up drilling rigs from Aban Offshore, and one from Maersk Drilling earlier this month, ADES has now…
Suriname's state firm Staatsolie and a unit of Chevron Corp have signed a production sharing contract for exploring and producing oil at an offshore block, the companies said on Wednesday, expanding their cooperation in the country.Suriname is a small onshore crude producer…
Brazil's state-run oil company Petrobras said on Wednesday its board has approved the sale of its stake in the Albacora Leste oilfield to Petro Rio SA for $2.2 billion.The oil giant, formally known as Petroleo Brasileiro SA, said the sale was…
Norwegian independent oil company Aker BP reported its fifth consecutive record quarterly profit on Thursday as petroleum prices soared, and is preparing to ramp up gas deliveries to Europe, the company said on Thursday.Earnings before interest…
A look inside Odfjell Oceanwind, a Norwegian start-up that plans to decarbonize the offshore drilling industry by using giant floating wind turbines, mobile offshore wind units. Per Lund, CEO explains.Per, to start, please give a ‘by the numbers’ look at Odfjell Oceanwind…
The Biden administration on Wednesday identified new areas for potential offshore wind development off the coasts of Oregon and several central Atlantic states, its latest step toward bolstering the nascent U.S. industry.Offshore wind is a key…
Exxon Mobil Corp said on Wednesday that its Russian unit Exxon Neftegas Ltd has declared force majeure for its Sakhalin-1 operations, where it has become increasingly difficult to ship crude out of due to sanctions on Russia.The Sakhalin-1 project…
Acteon, an offshore services and equipment provider, on Wednesday announced a new structure that it said would further accelerate its growth in offshore renewables. 'Three new client-facing service divisions, Data and Robotics, Engineering, Moorings and Foundations…
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