PT Bumi Pratiwi Hulu Energi (Prima Energi), an Indonesian-based upstream oil company, has acquired full ownership of the Northwest Natuna Production Sharing Contract (PSC) via its purchase of AWE (AAL) NZ, AWE Northwest Natuna and AWE Holdings Singapore…
HD Hyundai Mipo Dockyard has started joint development of a commissioning service operation vessel (CSOV) with Korea Register of Shipping (KR).The two companies agreed to develop their own design and cooperate with domestic companies to ensure…
France-based Nexans has announced an expansion in its presence in the offshore wind and interconnection market, by adding a third cable laying vessel to its fleet.This strategic decision will allow the Group to meet the increasing demand for electrification…
Marine propulsion specialist Schottel will equip four Commissioning Service Operation Vessels (CSOVs) being built by the Norwegian VARD Group with full propulsion packages.The package per vessel consists of two SCHOTTEL Dynamic RudderPropellers type SRP 460 D…
Shell and Chevron's agreements to sell stakes in major Indonesian gas projects to Pertamina, Petronas and Eni ENI.MI will unleash development at the fields, enabling the country to boost its flagging output, the buyers said.Indonesia has seen…
Britain's decision to authorize new licenses for oil and gas exploration in the North Sea came under scrutiny at London's High Court on Tuesday, as Greenpeace argued the government failed to assess emissions produced by burning extracted fuel…
The United Nations said on Tuesday it had started the removal of more than 1 million barrels of oil from a decaying supertanker off Yemen's Red Sea coast in a complex operation it hopes will ward off a regional disaster.U.N. officials have been…
US-based oilfield services provider Danos has recently won a contract to perform work across BP’s five assets in the Gulf of Mexico.The three-year agreement includes planning and estimating, fabrication, installation, and maintenance and repair…
Egypt denied reports its giant Zohr gas field was facing technical problems, in a statement on Monday, instead highlighting investments to boost its production. Total investment in the offshore gas field has reached $12 billion and is expected to hit $15 billion in three years…
French steel pipemaker Vallourec said Monday it had won two major orders to supply line pipes for phases 6 and 8 of the Buzios oil field development operated by Petrobras. These orders are in addition to the contract previously won for phase 7…
Oslo-listed Vaar Energi, majority owned by Italy's Eni, posted on Tuesday a 55% drop in second-quarter operating profit on weaker oil and gas prices, narrowly missing analysts' forecasts. Earnings before interest and tax (EBIT) for the April-June quarter fell to $778 million from $1…
Brazilian offshore support vessel service company OceanPact has acquired two AHTS vessels, Skandi Saigon and Skandi Pacific, from Akastor's subsidiary DDW Offshore.OceanPact chartered the two vessels in March 2021 to support Petrobras' operations…
Italian oil and gas company Eni said Tuesday it had acquired Chevron interests and operatorship in the Indonesian Blocks named Ganal PSC (Chevron 62%), Rapak PSC (Chevron 62%) and Makassar Straits PSC (Chevron 72%), in the Kutei Basin, offshore East Kalimantan…
Shell has agreed to sell its participating interest in Indonesia’s Masela Production Sharing Contract and the associated Abadi gas project.The 35% interest in the deepwater block will be sold to Indonesia’s PT Pertamina Hulu Energi and Petronas Masela…
The first turbine was installed at the Neart na Gaoithe offshore wind farm, located 15.5km off the east coast of Scotland.The turbine, with a tip height of over 200 meters, was installed by Siemens Gamesa from the specialist jack-up wind turbine construction vessel…
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