Malaysia's state-owned energy firm Petroliam Nasional Bhd reported an 8% increase in second-quarter profit on Friday because of a weaker Malaysian ringgit, though that was partially offset by higher product costs.Petronas, as the company is known…
Allseas announced on Friday it has been awarded an EPRD contract from Repsol Norge to remove, transfer, load-in to shore and dispose of the Gyda platform in the Norwegian North Sea.The contract covers both the 18,000 t topsides and 11,200 t jacket…
Through artificial intelligence and machine learning, oil companies can monitor production stream quality in real time to optimize the value per barrel.“The industry is now recognizing the importance of product quality,” says Paul Oates, US business development director for Validere…
The American power and energy company headquartered in Richmond, Dominion Energy wants to build what it says would be the largest offshore wind project in the United States off the Virginia coast.The company filed an application with the regional transmission organization PJM…
Maersk Drilling announced that Equinor has exercised two options of two months each for the Maersk Intrepid jack-up rig to continue working at the Martin Linge field offshore Norway.In addition, the parties have signed a further two-month extension…
International Union of Marine Insurance (IUMI) Offshore Energy Committee reported a further reduction in global offshore energy premiums.Global premiums in this sector were reported to be USD 3.4 billion which represented a 3% reduction from 2017…
The Crown Estate has launched its Round 4 offshore wind leasing competition for the rights to develop at least 7GW of new capacity off England and Wales.The Offshore Wind Industry Council (OWIC) has hailed today’s launch as a major step forward…
Nigeria-based Homeland Integrated Offshore Services LTD (Homeland IOS) said it has placed an order with the Singaporean Penguin Shipyard for several Flex Fighter security/crew vessels for delivery in December 2019.The 40-meter vessels are among the first of Penguin Shipyard’s latest generation…
Alternative direct lender AURELIUS Finance Company has provided financing to support the buy-out of emergency management and offshore decommissioning company Ardent from co-owners Svitzer, a global towage operator, and Crowley Holdings, a holding…
Denmark-based offshore wind developer Ørsted said it has selected GE Renewable Energy as the preferred turbine supplier for two of its US offshore wind farms which marks the world’s first commercial deployment of GE’s Haliade-X 12-megawatt (MW) offshore wind turbine…
Chevron has sanctioned a project to increase recovery in the St. Malo field, as the US based supermajor looks to maximize existing resources in the Gulf of Mexico.The waterflood project is Chevron’s first in the deepwater Wilcox trend and is…
For Bibby Marine Services, MIROS WaveFinder software supports operations in real time and provides accurate, reliable wave data vital to vessel operational limits.Bibby WaveMaster 1 is a walk-to-work service operation vessel (SOV) that makes…
The Ireland and UK focused oil and gas exploration, development and production company Europa Oil & Gas Plc said it has landed a high impact new venture offshore Morocco, boosting the country’s drive to launch viable upstream projects that would…
Talos Energy announced it has entered into two separate agreements with BP and ExxonMobil related to new exploration opportunities in the U.S. Gulf of Mexico. The company said it will work with BP to drill and evaluate the Puma West prospect…
Japan's Mitsui & Co has put its 40% stake in the BassGas project off southeastern Australia up for sale, the company said on Thursday.Mitsui's stake in the BassGas project, which includes the undeveloped Trefoil gas project, could be worth about A$360 million ($244 million)…
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