SBM Offshore has signed two share purchase agreements with its partner MISC Berhad related to two floating production storage and offloading (FPSO) units.Under the agreement, SBM Offshore will acquire MISC Berhad’s entire effective equity interest…
Offshore drilling firm Shelf Drilling has secured new contract awards for two of its jack-up rigs in West Africa.The first contract is for the Shelf Drilling Mentor, covering 10 wells and an estimated duration of 450 days in direct continuation of the rig’s current campaign in Nigeria…
OPEC+ has two problems and two solutions.The first problem is that crude oil prices are too low for the comfort of most of the members of the group, which pulls together the Organization of the Petroleum Exporting Countries (OPEC) and its allies including Russia…
KNUD E HANSEN has designed a “Jack-up on Jack-up” vessel concept for offshore wind farm maintenance.The four-legged jack-up vessel features a 15m wide working platform that can be jacked-up to the height of a nacelle to provide a safe platform…
President Joe Biden's administration on Thursday announced final approval of a wind project off the coast of Maryland, bringing the U.S. halfway to its goal of deploying 30 gigawatts of the clean energy technology by 2030.The project is the 10th approved by Biden's Interior Department…
Ocean Power Technologies (OPT) has completed more than four months of offshore testing of its next generation PowerBuoy in the Atlantic Ocean off New Jersey.The solar and wind power equipped PowerBuoy also featured OPT’s proprietary artificial intelligence capable Merrows suite of solutions…
Talos Energy and its partners have discovered commercial quantities of oil and natural gas in the Ewing Bank 953 well in the Gulf of Mexico.The EW 953 well encountered approximately 127 feet of net pay in the target sand at approximately 19…
Britain's windfall tax on North Sea oil and gas companies' profits is causing irreversible damage to the industry, EnQuest's CEO said on Thursday, adding his voice to critics of the levy the government is poised to increase.On Thursday, EnQuest reported a profit after taxation of $30…
OEG Renewables, a division of OEG Energy Group, has secured a five-year charter for its multi-purpose Crew Transfer Vessel (CTV) Furioso to support offshore wind farms in Germany.OEG Renewables has completed the construction and sea trials for the CTV Furioso…
UK engineering company Harlyn Solutions has signed an agreement with Ocean Winds for the collection, storage, and emergency preparedness of Moray West’s spare inter array cables.Moray West, overseen by Ocean Winds, the 50/50 joint venture between EDP Renewables and ENGIE…
Australian oil and gas major Santos has signed a mid-term LNG supply contract with Glencore Singapore.The contract is to supply 19 LNG cargoes, or up to approximately 0.5 million tonnes of LNG per annum over a period of three years plus one quarter…
The 300 MW Zhong Neng offshore wind farm in Taiwan, developed by Copenhagen Infrastructure Partners and China Steel Corporation (CSC), has been inaugurated after completing construction ahead of ahead of schedule.Zhong Neng is the first offshore…
Santos has concluded negotiations for the divestment of partial stake in an offshore gas project to TIMOR GAP, which will join the Bayu-Undan project as partner.Santos said the Bayu-Undan Joint Venture (BUJV) and TIMOR GAP have agreed terms…
U.S.-based offshore drilling contractor Noble Corporation on Wednesday announced it has completed its acquisition of peer Diamond Offshore Drilling. The merger creates the industry's largest fleet of 7th generation dual-BOP drillships and adds 4…
U.S. oilfield services firm Halliburton said on Tuesday an unauthorized third party had accessed and removed data from its systems, providing details regarding the cyberattack in August first reported by Reuters.The company said it is evaluating the nature and scope of information that was removed…
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