UK electrical installation company Correll Services has won contract award for the Subsea and Land Cable Termination & Testing works on the Formosa 1 (Phase 2) Offshore Wind Farm, in Taiwan.The contract has been awarded by Formosa 1 project turnkey contractor Jan De Nul Group…
Golar LNG Limited announced Tuesday that its newly incorporated subsidiary Gimi MS Corporation has entered into a 20-year Lease and Operate Agreement (LOA) with BP for the charter of a floating liquefied natural gas (FLNG) unit, Gimi, to service…
Japan's nascent offshore wind industry is expected to increase dramatically over the next ten years, according to energy analysts Wood Mackenzie, who predict that by 2028 the island country will boast upwards of 4 gigawatts (GW) of offshore capacity…
The Stellar Daisy, a massive South Korean tanker that sank in March 2017, was spotted on the floor of the South Atlantic Ocean nearly two years later.Exploration company Ocean Infinity said that it has located the wreck of the lost South Korean tanker…
Houston based Trendsetter Engineering said it has finished building a range of subsea production equipment for Noble Energy’s Leviathan Project, a large natural gas field under development in the Eastern Mediterranean Sea off the coast of Israel…
Sete Brasil was created in 2010 to manage the construction of 28 drilling units in Brazilian shipyards to fulfill Petrobras contracts to drill its pre-salt plays, at a time when Petrobras unrealistically planned to be the sole pre-salt operator…
A board of directors appointed this month by Venezuela's opposition-controlled congress to run state-owned oil firm PDVSA's U.S. unit Citgo Petroleum on Thursday was arranging its first meeting at the company's headquarters, according with two people familiar with the matter…
U.S. sanctions on Iran, Venezuela tighten markets, but soaring U.S. shale output offsets some of the disruption.Oil fell on Wednesday after the U.S. government said shale output would rise to a record next month, denting a rally that sent prices to their highest this year…
The U.S. Bureau of Ocean Energy Management (BOEM) said it will offer all available unleased areas in federal waters of the Gulf of Mexico during a region-wide lease sale scheduled for March 2019.BOEM said Lease Sale 252 will offer up 78 million acres…
The worldwide oil and gas industry is “resilient, confident and ready to spend” but is at risk of reverting to overspending, just as an increase in large-project approvals loom.That’s the gist of a new report from Oslo-based, all-in-one classification society…
In the first few weeks of 2019 there have been four high impact discoveries of conventional oil and gas, finding 25% of the high impact volume discovered globally in the whole of 2018.According to Westwood Insight, one of these discoveries, Glengorm in the UK North Sea…
Canadian oil and gas exploration company CGX Energy and compatriot petroleum exploration and production company Frontera Energy have executed a farm-in joint venture agreement covering CGX’s two shallow water offshore Petroleum Prospecting Licenses in Guyana…
Norwegian oil firm DNO reported on Thursday a higher-than-expected operating profit in the fourth quarter and said it would hike 2019 spending as it planned to drill a record number of wells.The Oslo-listed firm, which produces most of its oil in the Kurdistan region of Iraq…
Offshore installation contractor Jan De Nul Group has selected the Tekmar cable protection system (CPS) TekLink Mechanical Latch for the Northwester 2 offshore wind farm 50 km off the coast of Ostend, Belgium in the North Sea.Tekmar said it…
Nigeria's Ministry of Petroleum Resources has recently reiterated its intention to push for an increase of the share to the national crude oil production from indigenous oil and gas companies to 30% in the short-term, but it is not definite…
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