Global crude oil prices could drop to about $60 per barrel by 2027 as demand growth slows, say oil analysts at Rystad Energy, chopping a third off next year's peak price as demand tumbles.Their outlook is a reassuring message amid recent Wall…
Norwegian offshore vessel owner DOF has chartered the Stril Explorer vessel from Simon Møkster Shipping. The charter is a bareboat with a firm duration of 3 years plus 4 annual options. Financial details were not disclosed.'The vessel will be utilized on the recently awarded PIDF project…
SAL Heavy Lift said Friday it had chartered two modern semi-submersible deck carriers, the “Zhong Ren 121” and “Zhong Ren 122” on a long-term basis together with its partner Shanghai Salvage (China). 'Both ships will be delivered in Shanghai…
Oilfield services company Petrofac has won a three-year contract extension worth more than US$100 million, in support of Repsol Sinopec Resources UK’s North Sea operations.Under the contract, Petrofac will continue providing operations and maintenance services for Repsol Sinopec in the UK North Sea…
Oilfield services company TechnipFMC has recently secured a contract to supply flexible pipes to Petrobras for the pre-salt fields offshore Brazil.TechnipFMC said the contract was a significant one, which for TechnipFMC means it is worth between $75 million and $250 million…
The Crown Estate for England, Wales, and Northern Ireland, has awarded an Agreement for Lease to BP for what it said could become one of the world’s largest carbon capture and storage (CCS) projects.The agreement will allow BP to further progress its planned ‘Endurance’ CCS project…
Singapore-based PaxOcean has recently delivered an offshore wind turbine installation vessel, CP-16001, to Penta–Ocean Construction Co. Ltd. (Penta-Ocean) in Batam, Indonesia.The offshore installation vessel is 123 meters long, 45 meters wide…
Oil and gas engineering services firm Plexus Holdings said Friday it had completed its work for the Plug and Abandonment ('P&A') equipment and services campaign for subsea services firm Oceaneering in the North Sea.The P&A order from Oceaneering…
U.S. Deputy Interior Secretary Tommy Beaudreau is stepping down from his role at the end of October, the Interior Department said in a statement on Wednesday, without giving a reason for his departure or saying how the vacancy would be filled…
Norwegian partners are planning to build a series of zero-emissions platform supply vessels (PSV) equipped with Amogy's ammonia-to-power technology.Green Ships AS, a consultancy specialized in the design and construction of environmentally friendly vessels…
Workers at Chevron's two liquefied natural gas (LNG) facilities in Western Australia voted to restart strikes on Friday, endorsing a similar move by colleagues at a meeting less than 24 hours earlier.Night-shift workers at Chevron's Gorgon and…
Petrolia Noco has signed an agreement with Vår Energi ASA to acquire Vår Energi’s 12.2575% participating interest in the Brage field offshore Norway with an effective date of January 1, 2023.Net production (12.2575% WI) from the Brage field in the first half of 2023 was 1…
The Biden administration on Thursday said it would hold an auction of oil and gas leases in the Gulf of Mexico on Nov. 8 following a court order to expand the sale.In a statement, the U.S. Bureau of Ocean Energy Management said the sale would offer about 72…
Colombia is proposing to force bidders for offshore wind projects to give a state company a stake in the developments, as part of a wider set of draft modifications to the rules governing the process published this week.The government of President Gustavo Petro…
Global Energy Group (GEG) has been selected by Moray West Offshore Wind Farm to provide preassembly support services for the marshalling of 62 transition pieces (TPs) at the Port of Nigg. The major contract encompasses a broad range of critical onsite services…
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