Oslo-listed FPSO leasing company BW Offshore has completed the sale of its laid-up FPSO Polvo to BW Energy.The agreed price was $50 million, for which BW Energy $30 million upon the vessel transfer date, with the remaining $20 million provided as a seller’s credit by BW Offshore…
Van Oord’s Svanen vessel has received a major upgrade which increased its total height to 125 meters, making it one of the largest heavy-lift vessels in the world suitable for handling the next generation of monopile foundations for offshore wind…
CADEMO Corporation, established by Floventis, and California Community Power (CC Power) have signed a memorandum of understanding (MoU) to facilitate the development of the 60 MW floating wind project off the California coast.The MoU is intended…
Engineering and energy consultancy Apollo has been awarded the project management consultancy (PMC) contract for INEOS E&P's Hejre project in the North Sea.The 4-year Hejre project entails the development of a greenfield platform, subsea infrastructure…
Unique Group acquired subsea technology and equipment manufacturer Subsea Innovation. The deal elevates Unique Group’s global engineering capabilities, enhances its portfolio and further strengthens the organization’s focus on engineering excellence and technology development…
ExxonMobil is 'optimistic and pushing forward' with its delayed Rovuma liquefied natural gas (LNG) project in Mozambique and expects a final investment decision at the end of next year, a company official said on Thursday.ExxonMobil and its…
France's energy grid operator RTE has signed a $4.8 billion contract with Hitachi Energy and Chantiers de l'Atlantique for the construction of several offshore power platforms and converter stations for two offshore wind farms to be built in France…
Oil company LLOG has started drilling the Who Dat East exploration/appraisal well in U.S. Gulf of Mexico, using Noble Corporation’s Noble Valiant drillship.The drilling operations on the Who Dat East well started on April 27, 2024, according to Karoon Energy…
SLB has announced the signing of a new long-term strategic collaboration agreement between Equinor and the Subsea Integration Alliance (which comprises OneSubsea™ and Subsea7). The agreement paves the way for exploratory work to begin on two…
MODEC and JGC Corporation have completed a project to measure and quantify emissions of methane and other greenhouse gases from the FPSOs off the coast of Brazil which are chartered and operated by MODEC.It is the first time that Japanese companies…
Cyprus said on Thursday it wanted to see improvements to Chevron-led plans to extract gas from an offshore field, giving the consortium led by the U.S. major six months to meet its requirements.There have been protracted talks on the future…
Equinor has signed a long-term deal with engineering companies to help drive down the cost of developing two offshore oil discoveries that were previously postponed, the Norwegian energy group said on Thursday.The agreement with the Subsea Integration Alliance…
France launched a tender for four offshore wind projects totalling 2.5 gigawatts (GW) on Thursday and announced plans for another 10 GW later this year, as it seeks to catch up with other more advanced wind power producers.The first round of…
U.S. oil producer ConocoPhillips missed Wall Street bets for first-quarter profit on Thursday, as lower natural gas prices and increased costs offset gains from higher oil production.A milder-than-expected winter hurt demand for the heating fuel in the quarter and pulled down U…
Shell reported first-quarter profit of $7.7 billion on Thursday, exceeding expectations as disruption to Red Sea shipping and Russian refining boosted oil trading and liquefied natural gas production rose.The company said it will buy back a further $3…
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