Credit Suisse Energy Infrastructure Partners (CSEIP) acquired 25% stake in the Arkona offshore wind farm (OWF) from Norwegian energy company Equinor.Watson Farley & Williams (WFW) has advised CSEIP on the EUR 340 million financing of the acquisition…
CannSeal unlocks development of an additional reservoir by restoring integrity to an unconventional cement packer designAnnular isolation technology specialist CannSeal aided the successful repair of an unconventional cement packer design, 4 ½” in 9 5/8” with limited cement…
The offshore supply vessel (OSV) industry has emerged from its 2017 trough, thanks in large part to a slight shrinkage of the active fleet, a string of debt restructurings, improved cost management, and an uptick in drilling activity in a few regions…
Shell announced a 'significant' gas and condensate discovery in the Browse Basin off the northwest coast of Western Australia, unlocking potential to develop a tieback to Shell's mega Prelude floating liquefied natural gas (FLNG) facility.Drilling of the Bratwurst -1 exploration well…
Aibel Thailand, which is building the Main Support Frame (MSF) module for Johan Sverdrup’s P2 process platform, said it has completion of the first deck at the company’s yard in Laem Chabang.In November, the project reached a major milestone…
Polarcus has been awarded an XArray marine seismic acquisition project in the Asia Pacific region, the company announced on Monday.According to Polarcus, the work is slated to commence in the second quarter of 2020 with a duration of approximately four months.
Malaysia's state-owned oil and gas company Petronas has acquired 49% of Repsol SA's participating interest in Andaman III oil and gas block off the coast of Aceh, Indonesia, according to a Petronas statement released on Monday.Repsol will still hold a 51% stake in the block after the deal…
Apache Corporation and French rival Total have formed a joint venture to develop a project off Suriname in a deal that gives the struggling U.S. oil and gas producer a cash injection for more exploration, the companies said.Apache's Suriname…
The North Sea decommissioning picture is murky at best, and its constantly evolving timetable is proving difficult to plan for, judging by the qualifying comments of a number of operators and regulators, of late.While the technology of offshore…
Vår Energi announced it has awarded a rig contract to Seadrill to secure the West Phoenix drilling rig for work on the Balder Future redevelopment project in the Norwegian sector of the North Sea. The contract, which is subject to authority approval of the $2…
French marine services group Bourbon Corporation, which has been in a court restructuring process after its business was hit by volatile energy markets, said its assets would be taken over by its creditor banks.Bourbon said the Marseille commercial…
ExxonMobil made a deepwater oil discovery at the Mako-1 well offshore Guyana, the US supermajor announced on Monday, just days after reporting first oil from the nearby Liza field on Friday.The 15th discovery on the Stabroek Block, the new find…
Royal IHC, the supplier of equipment, vessels and services for the offshore and dredging markets, has signed a contract with China’s Shanghai Zhenhua Heavy Industries Co (ZPMC) to support the installation and commissioning of the J-Lay system on ZPMC’s multipurpose vessel JSD6000 in Changxing…
Subsea 7, the subsea engineering, construction and services company serving the offshore energy industry, announced the award of a sizeable SURF (subsea umbilicals, risers and flowlines) contract by BP for the Manuel project in the US Gulf of Mexico…
Offshore wind developer Orsted has secured funding for a demonstration project using offshore wind power to produce renewable hydrogen to power.Seven industrial partners have been awarded funding for a demonstration project in Denmark using…
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