Norway's HAV Group has completed the acquisition of Undheim Systems AS, a provider of dynamic positioning (DP) systems for vessels. The consideration for the purchase includes a non-material cash amount and 250,000 shares in HAV Group ASA, valued at NOK 14…
Norwegian offshore vessel owner Solstad Offshore has secured a contract extension for its 'Normand Superior' construction support vessel.The contract, now firm until the first quarter of 2026, is with Ocean Infinity AB.Upon the expiration of the firm contract…
Vår Energi has secured the COSLProspector drilling rig for a two-year drilling program in the Barents region offshore Norway, which the company sees as an important strategic priority area.Signed in cooperation with Equinor, the rig contract…
Shares in European oil producers, miners and other companies with large exposures to Gabon plummeted on Wednesday after a military coup raised concerns over their operations in the resource-rich African country.London-listed oil producer Tullow Oil fell as much as 12% in afternoon trading…
An official inauguration ceremony was held this week for the Absheron gas field, located in the Caspian Sea, offshore Azerbaijan.To remind, the first development phase of the field, owned by TotalEnergies and Socar and, as of recently, ADNOC…
Brazilian state-run oil company Petrobras PETR4.SA said on Wednesday it signed a memorandum of understanding (MOU) with Chinese state-owned oil firm CNOOC to extend its collaboration in the energy sector.In a securities filing, Petrobras said it has also signed a MOU with Asia's top refiner…
Offshore wind installation services firm Fred. Olsen Windcarrier (FOWIC) has been awarded a contract working with Shimizu for the transportation and installation of monopile foundations for the 640 MW Yunlin offshore wind farm off the west coast of central Taiwan…
Oil and gas companies Wintershall Dea and OMV have declared an option to extend the contract for Eidesvik's supply vessel Viking Queen. The contract extension runs from May 2024 in direct continuation of the current contract, extending the firm period to October 2025…
Subsea services provider Reach Subsea has exercised a one-year option for Havila Shipping's Havila Subsea vessel, keeping the ship busy until December 31, 2024.The commercial terms of the charter agreement for the IMR, survey, and construction vessel…
Norway's Equinor and its partner BP are seeking a 54% increase for the price of power produced at three planned offshore U.S. wind farms, according to a filing made by a New York state regulatory authority. The two partners in recent years won the rights to build the Empire Wind 1…
Planned work stoppages next week at two of Australia's largest liquefied natural gas (LNG) facilities are scheduled to go ahead unless mediation can produce a deal after workers at Chevron rejected the company's offer on pay and conditions.Australia is the world's biggest LNG exporter…
Shell's Cullinan-1X exploration well offshore Namibia did not make a commercial oil and gas discovery, the company said on Thursday.Namibia, which has yet to produce any oil and gas, has attracted strong interest from international companies…
The new Orca Class heavy-lift vessels being built at China's Wuhu Shipyard for the Jumbo-SAL-Alliance will be propelled by SCHOTTEL ControllablePropellers (SCP).The four-bladed controllable pitch propellers type SCP 129 will feature an input power of up to 8…
University of Houston researchers are developing an autonomous robot to identify potential pipeline leaks and structural failures during subsea inspections. The technology will aim to make the inspection process safer and more cost effective…
Noble Corporation announced it has received a contract from LLOG to perform drilling services in the U.S. Gulf of Mexico.The six-month contract for Noble's seventh generation drillship Noble Valiant is expected to commence between November 2023 and March 2024…
Subscribe
