Oceanteam Bourbon 4, a joint venture owned 50/50 by Oceanteam and Bourbon Offshore Norway, has entered into a memorandum of agreement regarding the sale of the vessel CSV Southern Ocean.The sale is made subject to customary conditions and is expected to be completed in April 2021…
The European Investment Bank (EIB) has granted a €350 million (~$412 million) credit line to a consortium building a wind farm off the coast of Courseulles-sur-Mer in France. This financing, granted to the consortium made up of EDF Renouvelables…
Petroleo Brasileiro SA’s chief financial officer and three other top executives decided to leave the state-controlled producer after clashing with plans of the company’s incoming chief executive, a person close to the executives said.Topics…
Following reports Thursday that the U.S. oil firm Talos and Mexico's Pemex have not managed to reach a deal on how to share the giant Zama field found by Talos in 2017, the confirmation came Friday from Talos.Talos Energy said that the unitization…
Malaysian offshore drilling company Velesto said Friday it had secured a drilling contract with ConocoPhillips in Malaysia.The contract is for Velesto's jack-up drilling rig NAGA 7. The estimated value of the contract is around $8 million.Under the contract…
Norway's minister of petroleum and energy, Tina Bru, has been diagnosed with COVID-19, along with her son and husband, she wrote on her Facebook page on Friday.'We are all feeling relatively well, and we obviously hope it will continue that way…
China’s offshore oil and gas major CNOOC Ltd is expected to start production at Lingshui 17-2, a large deepwater natural gas deposit in South China Sea, in the first half of 2021, the company executive said on Thursday.Lingshui 17-2 is CNOOC’s first fully-owned deepwater gas project…
No deal has yet been reached on the future of a lucrative shared oil deposit as a deadline expired on Thursday, but Mexican state-run Pemex and Talos Energy will keep talking, three sources with direct knowledge of the matter told Reuters.How…
Jacktel, a subsidiary of Macro Offshore, has won a contract with Total for the supply of its accommodation jack-up Haven at the Tyra redevelopment project offshore Denmark.The contract has a duration of 20 months and starts in the third quarter of 2021…
Subsea services and technology contractor Ashtead Technology has created a new role to head up its increasing activities in renewable energy.For this Ashtead Technology appointed Scott Stephen to oversee and enhance its service offering to support the global renewables market…
Offshore drilling rig contractor Northern Ocean expects its West Mira drilling rig to return to work by mid-April after it last week experienced an incident in which some production equipment was dropped to the seabed, off Norway.'During the…
Swedish oil company Lundin Energy has made a minor oil discovery in the North Sea, offshore Norway.The Norwegian Petroleum Director said Friday that Lundin's Norwegian subsidiary Lundin Energy Norge had completed the drilling of the wildcat well 16/4-13 S…
Offshore installation contractor Jan De Nul has informed that the keel-laying ceremony was held in China for its offshore installation vessel Voltaire. The vessel will, once delivered, be able to install the world's largest offshore wind turbines…
Norwegian oil and gas company Sval Energi said Thursday it had completed the $300 million acquisition of Edison Norge.The deal, first announced in December 2020, sees HitecVision-backed Sval acquiring ten production licenses on the Norwegian continental shelf…
European utilities are offering a slew of offshore wind farms, eager to cash in on high valuations as investors hungry for stable returns increasingly flock to the sector, people close to the matter said.Demand for such assets has surged as…
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