Italy plans to boost its liquefied natural gas (LNG) import capacity to 27 billion cubic metres (bcm) from nearly 17 bcm currently as it seeks to completely replace Russian gas supplies following Moscow's invasion of Ukraine.In 2021, Moscow provided Rome with 29 bcm of gas via pipelines…
The Norwegian offshore vessel company Solstad Offshore has agreed to sell its 2013-built construction support vessel Normand Jarl.Sold through Solstad's subsidiary Normand Ships, the CSV will be delivered to an unnamed buyer outside of the offshore industry…
Marubeni said Thursday it had started commercial operation at the Noshiro Port offshore wind farm in Japan on December 22, 2022, based on the feed-in tariff program for renewable energy.Marubeni Corporation has been implementing this first utility…
Dutch FPSO leasing company SBM Offshore said Tuesday that production had resumed from its FPSO Cidade de Anchieta, offshore Brazil, after a lengthy shutdown.The Cidade de Anchieta, under contract with Petrobras in Brazil, has been shut down since January 22…
Offshore drilling firms Seadrill Limited and Aquadrill (ex-Seadrill Partners) on Thursday announced a definitive merger agreement under which Seadrill will acquire Aquadrill in an all-stock transaction. When the transaction is completed, Seadrill…
Offshore drilling contractor Noble Corp. said that its jack-up drilling rig Noble Regina Allen had experienced a mechanical issue while preparing to move from its location approximately 26 miles off the coast of Trinidad on Thursday, December 15…
Groups of oil workers held protests in southern Iran on Saturday, demanding higher wages and retirement bonuses, according to videos and reports posted on social media.The reported oil workers’ protests, which Reuters could not verify, come…
Some 170 members of UK's largest union Unite working for Petrofac on Repsol's UK North Sea offshore platforms, are taking 48-hour strike action from Thursday, December 22, the union has informed. Separately, 76 unite members who are Petrofac…
Oil and gas company Neptune Energy has awarded a two-well contract extension for the semi-submersible drilling rig Deepsea Yantai.The rig, owned by China's CIMC Raffles, is managed by the Norwegian offshore drilling firm Odfjell Drilling.Odfjell…
Oil and gas company Barryroe Offshore Energy, until recently known as Providence Resources, said Tuesday that its CFO had decided to resign.The Irish-based company said it had accepted notice of the resignation of Simon Brett, Chief Financial Officer…
Former Elliot Management activist fund manager Franck Tuil on Thursday told Wood Group to buy back some of its stock to avoid becoming a takeover target, sending shares in the oil services provider up by the most in six weeks.It is the first public campaign for his $600 million multi-strategy fund…
The two largest U.S. oil companies - Exxon Mobil Corp and Chevron Corp - disclosed plans to increase outlays on energy projects next year amid high oil demand and prices.While spending more, it will be less than half the combined $84 billion they spent in 2013…
Oil and gas company Neptune Energy has confirmed a new discovery the Calypso exploration well (PL938) in the Norwegian Sea.Preliminary estimates are between 1 - 3.5 million standard cubic meters (MSm3) of recoverable oil equivalents, corresponding to 6-22 million barrels of oil equivalent (boe)…
Houston-based Bleutec Industries, a company which describes itself as the builder, owner, and operator of Jones Act-compliant offshore wind turbine installation vessels, said Thursday it had secured 'a significant capital commitment' from EnCap Investments L…
Norwegian major Equinor plans to drill 25 exploration wells off the Nordic country next year, compared with 22 wells this year, most of them in the North Sea, a senior executive said on Tuesday. A 'small handful' of wells will be drilled in the Norwegian and Barents Seas each…
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