The United States said on Tuesday it would release millions of barrels of oil from strategic reserves in coordination with China, India, South Korea, Japan and Britain, to try to cool prices after OPEC+ producers repeatedly ignored calls for more crude…
Shallow water drilling contractor Shelf Drilling has secured a three-year contract for one of its jack-up rigs in India.The contract, with India's national oil company ONGC, is for the Ron Tappmeyer jack-up drilling unit, for offshore operations in Indian waters…
Russian oil company Lukoil has said it has discovered an oil field within the Yoti West structure at Block 12 offshore Mexico. The field was discovered after drilling the first exploration well. According to preliminary estimates, the initial oil in place reaches 250 million barrels…
Norwegian oil and gas company Equinor has, on behalf of the license partners in Krafla, Gina Krog, Asterix fields, and Gassco at Kårstø, signed contracts with engineering and construction firm Aibel worth around five billion Norwegian crowns (nearly $560 million)…
North Sea-focused oil and gas firm Deltic Energy has informed that the 3D seismic survey over offshore Licence P2428 and surrounding areas in the UK North Sea has now been completed. Deltic said the data from the survey would be key to de-risking future drilling on the license…
Chinese national oil company CNOOC has started producing oil from Lufeng offshore oil fields in the eastern section of the South China Sea.The oil fields include Lufeng 14-4 oil field, Lufeng 14-8 oil field, Lufeng 15-1 oil field, and Lufeng 22-1 oil field…
Danish grid operator Energinet signed deals on Tuesday with Belgium's Elia and Germany's 50Hertz that move Denmark closer to building two sea links connecting its offshore wind turbines to Germany and Belgium to boost the flow of green energy in the region…
UTEC, a company providing survey, positioning, and data services in the offshore energy world, has deployed Sonardyne’s Fusion 2 software and associated hardware to support offshore construction in Australia.Combined long baseline (LBL) acoustic…
The EU has drafted legislation to reduce methane emissions by forcing oil and gas companies to report their output and find and fix leaks of the gas that is the second-biggest cause of climate change, according to a draft seen by Reuters on Monday…
Norwegian offshore oil and gas producer Vår Energi has signed an agreement with IKM Elektro for support to all its operated facilities on the Norwegian continental shelf (NCS). IKM Elektro will be responsible for inspection, service, and maintenance of electrical equipment and rotating machines…
Bonheur, a Norwegian holding company for the Olsen family, has established Fred. Olsen 1848, described as a company dedicated to developing technologies and solutions for the renewable energy industry.'In Fred. Olsen 1848 we are determined to act now…
For the first time in a decade, a massive new liquefied natural gas (LNG) project has been approved for construction in Australia, but the Scarborough venture's structure and market realities indicate it may well be the last of its kind.Woodside…
Design and engineering consultancy Houlder said Tuesday it was supporting Subsea Micropiles, a company adapting land-based micropiling technology to create superior marine foundation and anchor solutions.Houlder is providing marine operations…
PJ Valves (PJV), a manufacturer and supplier of valves for the energy industry, has secured orders to supply valves for two FPSOs in Brazil.One of these FPSOs is planned to be one of the largest offshore oil producing units in the world. The FPSO…
Institutional investors advised by J.P. Morgan Global Alternatives, in cooperation with Norwegian offshore services firm Havfram, have signed a letter of intent with China's CIMC-Raffles to build 'a series of next-generation, state-of-the-art wind turbine installation vessels (“WTIV”)…
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