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U.S. Scraps Three Offshore Oil and Gas Lease Sales

May 13, 2022

The Biden administration on Wednesday said it would scrap three planned sales of offshore oil and gas leases in Alaska and the Gulf of Mexico.In a statement, the Department of Interior said it was not moving forward with an auction for drilling…

Equinor, Aibel Pen 10-Year Collaboration Agreement

May 13, 2022

Norwegian energy company Equinor has entered into a ten-year strategic collaboration agreement with the offshore engineering and construction firm Aibel.'The ten-year agreement aims to ensure predictability, which will be important to both parties in times of many great and important opportunities…

Philippines' Udenna Open to Deals after Report Owner Eyeing Asset Sales

May 13, 2022

Philippine conglomerate Udenna Corp is open to exploring potential deals, its president said on Friday, after a report that its tycoon owner was considering selling businesses collectively worth several billion dollars.Dennis Uy, whose business…

TotalEnergies Confirms U.S. Offshore Wind Award. Says Wind Farm Could Come Online by 2030

May 13, 2022

After the U.S. Bureau of Ocean Energy Management (BOEM) announced TotalEnergies and Duke Energy Corp as the winners of two offshore wind leases in federal waters off the coast of North and South Carolina on Wednesday, the confirmation came Friday from TotalEnergies…

Norwegian Petroleum Directorate to Start Seabed Surveys for Offshore Wind

May 13, 2022

The Norwegian Ministry of Petroleum and Energy (MPE) has tasked the Norwegian Petroleum Directorate (NPD) with conducting surveys in connection with awarding acreage for offshore wind.The NPD has been given the assignment to plan and implement…

Noreco CFO Assumes CEO Role, Too

May 13, 2022

Norwegian Energy Company (Noreco) has appointed Euan Shirlaw as chief executive officer.Shirlaw has been the Chief Financial Officer of the company since Noreco's acquisition of Shell’s upstream assets in the Danish Underground Consortium (the “DUC”) in 2019…

Snam, Enagas to Study Spain-Italy Offshore Gas Pipeline

May 13, 2022

Italian gas group Snam has agreed with Spain's Enagas to explore the construction of an offshore pipeline between the two countries, as Europe scrambles to diversify its energy supply mix and wean itself off Russian gas.Spain has the largest…

BP Wins Shareholder Support for Climate Strategy

May 13, 2022

BP shareholders on Thursday backed the energy company's climate strategy, while fewer investors than last year supported a resolution filed by an activist group urging faster action to battle climate change.The vote at BP's annual general meeting…

AMSC to Buy Normand Maximus OSCV for $157M. Agrees Charter with Solstad Offshore

May 12, 2022

American Shipping Company ASA (AMSC) has agreed to acquire the Normand Maximus construction support vessel from Maximus Limited, a company controlled by its secured lenders.In parallel with the transaction, AMSC will enter into a long-term bareboat…

Namibia Launches Sovereign Wealth Fund after Offshore Oil Finds Made by TotalEnergies, Shell

May 12, 2022

Namibia on Thursday launched a sovereign wealth fund, months after oil discoveries by TotalEnergies and Shell off its coast.President Hage Geingob said at the launch the Welwitschia Fund would get an initial injection of 262 million Namibian dollars ($16…

Odfjell Drilling Takes Over Management and Marketing of SFL's West Hercules Drilling Rig from Seadrill

May 12, 2022

Norwegian offshore drilling contractor Odfjell Drilling will take over the management of the SFL-owned West Hercules semi-submersible drilling rig from rival Seadrill.Odfjell Drilling said Thursday it had signed a deal with SFL Corporation to…

Edison Chouest Offshore to Provide SOV for U.S. Offshore Wind Farm Owned by Equinor, BP

May 12, 2022

Empire Offshore Wind, a joint venture between Equinor and BP, has awarded Edison Chouest Offshore (ECO) a long-term service operations vessel charter. The vessel will service the Empire Wind offshore wind farm project located 15-30 miles southeast of Long Island…

Boskalis Raises Full-Year Core Profit Guidance

May 12, 2022

Dutch dredging and marine services firm Boskalis raised its full-year core profit forecast on Thursday, pointing to a well-filled order book and favorable market outlook in the short and medium-term.Boskalis, which also offers services and contracting…

Sasanof-1 Drilling: Rig Preps, Checks Underway ahead of Offshore Mobilization, Western Gas Says

May 12, 2022

Valaris' MS-1 semi-submersible drilling rig, currently anchored in the Dampier outer harbor in Australia, is on schedule to start tow to the Western Gas' Sasanof-1 location on Monday, May 16, 2022, the oil and gas company said Thursday. 'Western…

BP and Equinor Win CO2 Storage Licenses in UK North Sea

May 12, 2022

Oil and gas companies BP and Equinor have been awarded licenses to store CO2 under the UK North Sea seabed.According to the North Sea Transition Authority (NSTA), which awarded the licenses with an appraisal term of eight years, the Southern…

Current News

Enauta Gets Nod for New Atlanta Field Plan. Concession Extension Granted, Too

Enauta Gets Nod for New Atlanta Field Plan. Concession Extension Granted, Too

UK Picks Offshore Wind Champion. Opens $200M Floating Wind Fund for Expressions of Interest

UK Picks Offshore Wind Champion. Opens $200M Floating Wind Fund for Expressions of Interest

Trillion Books Uranus Jack-up Rig for Drilling in Turkish Black Sea

Trillion Books Uranus Jack-up Rig for Drilling in Turkish Black Sea

Norway's April Oil Output Lags Forecasts by 10.6%

Norway's April Oil Output Lags Forecasts by 10.6%

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