Oslo-listed Vaar Energi, majority-owned by Italy's Eni, on Tuesday reported a stronger than expected third-quarter operating profit and guided for lower costs in 2024, boosting its shares in early trade.Its earnings before interest and tax (EBIT)…
Yinson Production has completed the sale of minority stake in floating, production, storage and offloading (FPSO) unit Anna Nery, working for Petrobras offshore Brazil, to “K” Line for $49 million.Yinson Production sold its 11.8% stake in Yinson Boronia Consortium…
MOL Group and Turkish Petroleum Corporation (TPAO) have signed a memorandum of understanding (MoU) to cooperate as strategic partners in the exploration and production of hydrocarbons.The companies agreed to elevate their cooperation to a new…
Wind power high voltage specialist Correll, part of SPIE Group, has secured a contract from Jan de Nul to complete the 66kV subsea cables termination and testing on offshore wind turbines for RWE’s Thor offshore wind farm.The works are set…
The floating production storage and offloading (FPSO) Maria Quitéria, built by Malaysian FPSO supplier Yinson, has started operating at Petrobras’ Jubarte field in Campos Basin offshore Brazil.The FPSO unit has the capacity to produce up to…
Australian oil and gas company Beach Energy has delivered first gas from the Thylacine West 1 and 2 development wells following successful connection to the Otway Gas Plant in Victoria.The Thylacine West development wells are located approximately…
China's state-owned oil and gas firm China National Offshore Oil Corporation (CNOOC) has brought onstream another oilfield development in South China Sea ahead of schedule.The development, the Xijiang 30-2 oilfield Xijiang 30-1 block development project…
Equinor reported a sharper-than-expected 13% decline in third-quarter profit on Thursday, hit by weaker oil prices and lower production, and cut its full-year outlook for capital expenditure and renewable energy production growth.The Norwegian…
Norway's combined petroleum utput lagged an official forecast by 1.7% in September as gas production was lower than expected, the Norwegian Offshore Directorate (NOD) said on Monday.Norway is Europe's largest supplier of natural gas and a major producer of oil…
Norwegian Electric Systems (NES) has secured a contract to develop and deliver the complete energy design, an integrated automation system and its future-oriented bridge system for a Field Support Vessel, being built by Green Yard Kleven for Romania’s OMV Petrom…
Offshore services firm Subsea7 has completed all floatover installation operations using an innovative installation method on Saudi Aramco’s oil and gas project offshore Saudi Arabia.Subsea7 used only tugs and soft mooring lines connected to…
BW Energy and its partners have completed production drilling campaign at Dussafu Marin Permit offshore Gabon, bringing the oil production at the development to the highest quarterly rate since the start-up in 2018.Dussafu Marin Permit, operated by BW Energy with 73…
SLB’s OneSubsea joint venture has secured a major contract by Petrobras to deliver full subsea equipment scope for one of Brazil’s five largest producing assets.As part of the project scope, OneSubsea will provide two subsea production manifolds…
The more production infrastructure we push to the seabed, the more data we need to pull back up. With it comes opportunity.Chevron’s landmark 6,500 tons of subsea gas compression infrastructure for Jansz-Io demonstrates the scale of what is being put on the seabed…
Saudi Arabia-based oilfield services company TAQA has launched its next-generation inflow control system, enabling operators to optimize reservoir performance while sustainably managing fluid production.The M4 Inflow Control System dictates…
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