Australian oil and gas firm Bounty Oil and Gas has agreed to farm into four oil-prone offshore licenses in Western Australia, owned by Coastal Oil and Gas.Bounty will acquire a 25% stake in licenses EP 475, EP 490, EP 491 and TP 27 (collectively…
Norway's trade surplus rose last month to a record level thanks to soaring revenues from selling gas from its offshore fields, national statistics agency (SSB) data showed on Friday.With a daily output of around four million barrels of oil equivalent…
Royal Dutch Shell has appointed Wael Sawan as head of its integrated gas and renewables division, replacing Maarten Wetselaar who will leave the energy company after 25 years.Sawan currently heads Shell's oil and gas production, or upstream…
Subsea 7 has confirmed the award of a major contract by Turkish Petroleum for the Sakarya field development offshore Turkey in the Black Sea. Subsea 7 defines a major contract as being one where Subsea 7’s share of revenue is over USD 750 million…
Danish wind turbine manufacturer Vestas will install a prototype of its giant 15 MW offshore wind turbine at the Østerild National test center for large wind turbines in Western Jutland, Denmark. Vestas will install the prototype at the test center in the second half of 2022…
French oil major TotalEnergies has exercised an option for Maersk Drilling's drillship Maersk Voyager to drill the ultra-deepwater Ondjaba-1 exploration well in Angola’s Block 48. The contract extension has an estimated duration of 54 days,…
U.S. offshore wind farm developer Mayflower Wind announced Thursday that it has signed an agreement with Gladding-Hearn Shipbuilding/Duclos Corporation of Somerset, Mass. for the specification, design and manufacture of a Jones Act-compliant…
Energy industry services firm TechnipFMC has completed the acquisition of the remaining stake of Magma Global, a provider of composite pipe technology.TechnipFMC originally acquired an interest in Magma in 2018, combining its flexible pipe technology…
Azerbaijan has signed a new deal with Turkey to supply gas from its giant offshore Shah Deniz I field, Azerbaijan's energy minister Parviz Shahbazov told Reuters on Thursday.Azerbaijan halted gas supplies from Shah Deniz I to Turkey in April after the contract expired…
If we want to reach net zero by 2050, there is an increasingly high risk that some of the oil and gas infrastructure investments (i.e. in platforms, pipelines, processors, storage sites etc) made today will result in stranded assets.In other words…
Personal protective equipment provider Red Wing has said that giving female workers men's PPE puts women at risk, and has called for the North Sea offshore industry to close the gender PPE gap and improve the safety of women’s kit.According to Red Wing…
The hull of the Prosperity FPSO has recently arrived from China where it was built to Singapore where Keppel will mate it with topside modules, after which the vessel will set sail for Guyana, to become the South American country's third FPSO in production…
Oil prices rose by about 1% on Thursday after the International Energy Agency said that record natural gas prices will boost demand for oil and top oil producer Saudi Arabia dismissed calls for additional OPEC+ supplies.Brent crude futures gained 87 cents…
Marine seismic services firm Shearwater GeoServices has kicked off a 4D monitor survey for TotalEnergies' Angolan subsidiary Total E&P Angola.The survey comprises a two-month Wide Azimuth Towed Streamer (WATS) 4D monitor survey in the Louro-Mostarda Development areas of Block 32…
Turkish marine operations company, ARAS Marine, acquired a deep-rated Saab Seaeye Falcon remotely operated vehicle (ROV) to support a wide range of projects in both International and Turkish territorial waters.ARAS Marine's projects range from…
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