Corio Generation, a Macquarie Group company, and Norwegian energy firm Å Energi have signed a strategic partnership agreement to cooperate on offshore wind in Norway and the Nordic region.Under the agreement, Corio and Å Energi have agreed to…
Norwegian offshore vessel operator DOF Group has secured a ‘major contract’ from Petrobras for its pipelay support vessel (PLSV) Skandi Vitória.DOF secured a three-year firm contract, plus option, for its PLSV Skandi Vitória as part of an ongoing tender process…
Norwegian subsea services firm Reach Subsea has strengthened its order backlog with $47.6 million worth of new contacts.Reach Subsea has increased its order backlog after securing multiple new contracts, contract extensions and call-offs within…
Malaysia Marine and Heavy Engineering Holdings (MHB), through its wholly owned and major subsidiary Malaysia Marine and Heavy Engineering (MMHE), has secured a subcontract to build an HVDC offshore substation (OSS) platform from Petrofac in support of TenneT’s 2GW project in the Netherlands…
Shell-led LNG Canada, the country's first natural gas export terminal, could deliver its first cargo earlier than previously planned, an executive at the British company said.The C$40 billion ($29 billion) liquefied natural gas (LNG) project…
The Federal Court ordered Santos to pay A$2.75 million ($1.83 million) in penalties for breaching auction record-keeping obligations under the National Gas Rules, Australia's second largest energy producer said on Tuesday.In October 2023, the…
An outage of Norway's gas exports to Britain via the Langeled pipeline was extended by two days until the morning of June 7 as repair work continued, Norwegian system operator Gassco said on Tuesday.The outage, which Gassco attributed to a crack…
TotalEnergies has signed two new medium and long-term contracts with Korea South-East Power and Indian Oil Corporation (IOCL) for the supply of LNG in Asia.TotalEnergies reached a sales and purchase agreement (SPA) with Indian Oil Corporation (IOCL) for the delivery to India of up to 800…
Norwegian Ocean Industry Authority (Havtil), the country’s offshore industry safety watchdog, has denied acknowledgement of compliance (AoC) application for Shelf Drililng’s Barsk jack-up, consequently delaying the drilling assignment with Equinor on the Sleipner Vest field…
Equinor has agreed the sale of 19.5% interests in production licenses PL 048E, which is the Eirin field, and PL 1201 to PGNiG Upstream Norway.With the agreement, the ownership between Equinor and PGNiG in these licenses will be balanced with the Gina Krog field…
The floating production storage and offloading (FPSO) vessel, a key component of the Greater Tortue Ahmeyim (GTA) Phase 1 LNG development, has arrived at its final location offshore Mauritania and Senegal.Following completion of its construction at the COSCO Qidong Shipyard in China…
A South African appeals court on Monday suspended a previous ruling that halted offshore exploration by Shell along the unspoilt Wild Coast and allowed oil companies another chance at public consultation, court documents showed.The lack of public…
The OPEC+ decision to extend crude oil production cuts is an acknowledgment that demand growth is still uncertain, but also that the group remains hopeful its bullish scenario is correct.The Organization of the Petroleum Exporting Countries (OPEC) and its allies including Russia…
Portfolio investors purchased petroleum contracts for the first time in seven weeks as traders squared up short positions ahead of a meeting of OPEC⁺ ministers to decide production policy in the second half of 2024.Hedge funds and other money…
OPEC+ agreed on Sunday to extend most of its deep oil output cuts well into 2025 as the group seeks to shore up the market amid tepid demand growth, high interest rates and rising rival U.S. production.Brent crude oil prices LCOc1 have been trading near $80 per barrel in recent days…
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