The Australian government on Thursday committed to provide A$250 million ($180 million) in grants to support the development of carbon capture, use, and storage (CCUS) projects, part of a broader technology push to help cut carbon emissions…
Norwegian oil firm Aker BP has awarded a three-year charter for Møkster's platform supply vessel with battery hybridization.The Norwegian shipowner has a hybridization program on-going for three vessels and one of these vessels, the Stril Polar…
Danish offshore wind farm developer Ørsted has secured a €500 million (~$580M) loan from the European Investment Bank (EIB).EIB said the loan was to support Ørsted's increased capex program on renewable energy projects, and the conclusion of the Borssele 1 & 2 wind farms off the Dutch coast…
Chinese oil and gas firm CNOOC Ltd wants to exercise an option and acquire an additional 5% stake in production rights for the Buzios oilfield for $2.08 billion, the oilfield's owner, Brazil's Petrobras, said on Wednesday.Petroleo Brasileiro SA…
Qatar Petroleum has signed a long-term LNG sales deal with China's CNOOC Gas and Power Trading & Marketing Limited, a subsidiary of China National Offshore Oil Corporation (CNOOC).QP will supply of 3.5 million tons per annum (MTPA) of LNG to CNOOC over a 15-year period starting January 2022…
Offshore helicopter group Bristow has appointed Courtney Byrne as the Area Manager, Guyana. 'In this position, Byrne will work closely with Bristow customers and across the company to deliver world-class service as we grow our operations in Guyana and foster relationships in the local community…
Offshore installation and construction firm McDermott has joined AquaVentus, a consortium of more than 70 companies, organizations, and research institutions collaborating toward green hydrogen energy production in the North Sea.The aim of AquaVentus…
Chinese oil company CNOOC said Thursday it had made a 'large-sized' discovery at Kenli 10-2 site in Bohai Bay, offshore China.The Kenli 10-2 oilfield is located in Laizhou Bay Sag in Southern Bohai Bay, with an average water depth of about 15…
Offshore installation company Subsea 7's Subsea and Conventional business unit has won a 'major' contract.Subsea 7 defines a major contract as being over $750 million.The company said that the award extended the engineering, project management…
MatthewsDaniel, a services provider for the marine and energy industries and applicable insurers, announced it has opened a new office in Aberdeen to enhance its offering to North Sea clients.David Cox, MatthewsDaniel CEO, said, “Aberdeen and the North Sea have a rich oil and gas history…
Hellenic Cables has awarded Tekmar Energy a contract for Bend Restrictor supply for subsea cable projects in Denmark and Greece.Tekmar Energy will design, manufacture, and supply Bend Restrictors for the KBH02 “København02” submarine cable project in Denmark…
Welsh Government and Cornwall and Isles of Scilly Local Enterprise Partnership have formally launched the Celtic Sea Cluster, to help drive market creation for floating wind, accelerate supply chain readiness and develop a strategy for upgrading regional infrastructure…
Hurricane Energy, the operator of the Lancaster field west of Shetland, has said that the annual output from the field would be at the upper end of the 8,500 - 10,500 bopd guidance.The company issued output guidance on Wednesday, taking into…
Norwegian seismic data acquisition company PGS has said that it has on behalf of the PGS-TGS joint venture acquired over 10 000 sq. km of 3D GeoStreamer data offshore Newfoundland and Labrador between May and September this year. The data from…
Russian oil firm Lukoil has agreed to acquire a stake in a BP-operated offshore project in the Azerbaijan part of the Caspian Sea.Lukoil will take a 25% stake from BP, which will retain a 25% stake and remain the operator of the project called…
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