Canadian oil company Africa Oil has received the South African government's approval to buy into the offshore block 3B/4B.Africa Oil will acquire a 20% stake in the Block 3B/4B Exploration Right from Azinam. It will also assume operatorship for the joint venture partners…
Austrian energy group OMV on Thursday indicated it could be interested in increasing the stake in a Romanian offshore gas project that it currently holds with U.S. firm Exxon Mobil.The exploration of the Black Sea Neptun block is a joint venture between OMV's Romanian subsidiary Petrom and the U…
UK (and Norwegian) taxpayers are largely footing Equinor’s wind-energy success by helping the offshore oil, gas and renewables player operate a healthy profit and hand out dividends, Norwegian news reports have been trumpeting of late.It was Stavanger Aftenblad…
Norwegean geological services company Applied Petroleum Technology (APT) said that PGNiG Upstream Norway AS (PGNiG) has appointed it to conduct post-drilling analyses of its recent Shrek discovery in the Norwegian Sea.Under the agreement, Applied…
The global testing, certification, inspection and training provider TÜV SÜD and Taiwan's IX Wind have signed a memorandum of understanding (MOU) to cooperate in various wind power industry services in Taiwan and Japan.Combining forces in the Taiwanese and Japanese wind power industry…
The marine contractor in the international offshore oil and gas and renewables industry Heerema Marine Contractors (HMC) contracted Ulstein Verft shipyard in 2018 to provide design and engineering services to convert their deepwater construction…
Offshore wind will constitute 25% of total wind demand in 2028, up from 10% in 2019 and will narrow the gap with offshore upstream oil and gas in terms of capital expenditure deployment, said the analyst firm Wood Mackenzie.The possibility of offshore wind becoming cheaper than coal…
Italian oilfield services firm Saipem reports it has been awarded several engineering, procurement, construction and installation (EPCI) contracts in various countries worth over $500 million combined.The first EPCI contract has been awarded…
UK North Sea-focused Hurricane Energy saw its share price drop on Thursday morning after the company's scrapped plans to tie-back the Lincoln Crestal offshore well to the Aoka Mizu FPSO this summer.The company had drilled the Lincoln Crestal…
BP said on Thursday that oil output at its projects in Azerbaijan declined slightly last year to 535,000 barrels per day (bpd) or 26 million tonnes for the whole of the year. That was down from 584,000 bpd, or 29 million tonnes, in 2018. Associated…
Singapore's Sembcorp Marine is in talks to sell two drillships previously ordered by Brazil's Sete Group.Sete was established in the early 2010s as a drilling contractor that would lease rigs to Petrobras. Petrobras had committed to charter 28 offshore drilling rigs at the time…
Equinor joined other major European oil and gas companies on Thursday by including emissions from the fuel it sells to customers in its carbon reduction targets as investors step up the pressure on fossil fuel producers. By including so-called…
Offshore accommodation provider Prosafe has forecast a tougher year ahead, compared to 2019, expecting a drop in flotel rig fleet utilization and day rates falling.The company on Thursday reported a quarterly net loss of $13.3 million (compared to a loss of 35…
Qatargas has this week celebrated the completion and the sail away of the offshore living quarters structure, part of its North Field Bravo (NFB) Living Quarters Expansion (LQX) project.The structure was completed by Nakilat-Keppel Offshore Marine (N-KOM) at the Erhama Bin Jaber Al Jalahma Shipyard…
Oilfield services company John Wood Group, recently rebranded to Wood, has sold its industrial services business to Kaefer.London-listed Wood said the sale of the part of the business which provides integrity and fabric maintenance for assets…
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