Irish-domiciled multinational oil and natural gas service company Weatherford International has entered into an agreement with its top creditors that will allow the company to file for a 'prepackaged' Chapter 11 bankruptcy - after more than four years without making a profit…
Dutch-based floating production, storage and offloading unit (FPSO) provider SBM Offshore has won a contract to deliver an FPSO for ExxonMobil’s second phase of the Liza development offshore Guyana.Esso Exploration and Production Guyana Limited (EEPGL)…
Keppel Offshore & Marine Ltd's (Keppel O&M) wholly-owned subsidiary Keppel FELS Ltd (Keppel FELS), has snagged a contract to build two offshore wind farm substations worth more than S$150 million for Danish renewable energy company Orsted.The contract comprises detailed engineering…
The oil exploration and development company focusing petroleum resources, Aker BP has failed to find hydrocarbons after drilling a wildcat well in the North Sea offshore Norway.The Norwegian Petroleum Directorate (NPD) said that the Norwegian…
Swedish company SeaTwirl has had a patent approved in China for a divisible wind turbine.The patent protects an important innovation in the market that accounts for the most expansion of wind power in the world, said the company which designs…
Production at Norway's Oseberg oil and gas field, whose crude is a part of global oil benchmark Brent, is expected to remain shut for eight days, longer than previously anticipated, the company said on Friday.Production at the field was shut…
Italian supermajor Eni said it has found gas and condensate in the first exploration well drilled in CTP-Block 4, approximately 50 kilometers off the Ghana coast.The well was drilled on the Akoma exploration prospect and proved an estimated…
Korean Prime Minister Nak-yon Lee attended the 2019 Offshore Technology Conference (OTC) at NRG Park on Wednesday, 8 May, emphasizing the global reach of the offshore energy industry.“It was an honor to welcome Prime Minister Lee and have him experience everything that OTC has to offer…
SeaBird Exploration announced Friday it has secured a new contract for source work in the US Gulf of Mexico with an unnamed repeat customer. The Osprey Explorer, which recently completed an Ocean-bottom node (OBN) survey for another customer…
Mark Jones heads up InterMoor, part of the Acteon group of companies. The CEO weighs in on new technology developments and key markets driving growth for the mooring, foundations and subsea services firm.What type of mooring solutions are most in demand today…
Before Occidental Petroleum Corp clinched a deal on Thursday to buy Anadarko Petroleum Corp for $38 billion, it pursued its U.S. oil and gas exploration and production rival for nearly two years, culminating in the sector's most high-profile public contest since the 1980s…
Brazil's national energy council on Thursday published updated parameters for a massive oil auction scheduled for later this year, including minimum levels of profit-sharing with the government, while also urging a shakeup in the refinery sector…
Aker ASA expects Ghanaian authorities to approve a revised $4.4 billion development plan for the offshore Pecan oilfield by the end of the third quarter of 2019, the Norwegian investment firm's chief executive told Reuters on Friday.The company…
European energy company Innogy has awarded the high voltage engineering specialist EDS HV Group a contract on behalf of project owners Greencoat Wind UK for operations and maintenance management at North Hoyle offshore wind farm in Liverpool Bay off the UK's north west coast…
The Norwegian Petroleum Directorate (NPD) has granted Equinor Energy AS, the Norwegian multinational energy company, a drilling permit for wells 16/1-30 S and 16/1-30.The drilling programme for 16/1-30 S and 16/1-30 A relates to drilling of appraisal wells in production licence 167…
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