Dutch floating oil and gas production firm SBM Offshore has secured a $620 million bridge loan facility for the financing of the construction of FPSO Alexandre de Gusmão, to be deployed in Brazil for Petrobras.The FPSO Alexandre de Gusmão will…
As an industry central to global energy supply, many consumers may believe that the oil and gas sector is relatively resistant to fluctuation. However, amid the myriad pressures felt throughout the global economy over the past year and a half…
Japanese oil and gas company Inpex has agreed to enter a stock transfer agreement with Diamond Generating Europe B.V. a Dutch-registered subsidiary of Mitsubishi Corporation and acquire a 50% stake in the Luchterduinen offshore wind farm and…
Offshore engineering consultancy SLPE has secured a detailed design contract for wind turbine generator foundations for Red Rock Power Limited and ESB’s Inch Cape offshore wind farm.Inch Cape applied earlier this year to remove the capacity cap from its consent…
Exxon Mobil Corp outlined a major new investment in Guyana amid government calls for delivering economic benefits to residents from deepwater oil and gas discoveries helping turn the South American nation into an oil powerhouse.A coming onshore…
A Fugro-led consortium has secured a grant from Dutch Government’s Netherlands Enterprise Agency for the development of methanol as a low-carbon shipping fuel.The MENENS (Methanol as Energy Step Towards Emission-free Dutch Shipping) consortium has 22 partners…
CoastWise Offshore Services' crew transfer vessel was christened Friday at Next Generation Shipyards in Lauwersoog, the Netherlands.The vessel, named 'COS Master' will be operated by CoastWise Offshore Services for the transport of personnel and material to and from…
Danish offshore energy industry services firm Bladt Industries has won a deal with wind farm developer Vattenfall to deliver Transition Pieces (TP) for the two Danish offshore wind farms, Vesterhav Syd and Vesterhav Nord.The contract is for…
Well construction firm DeltaTek said Tuesday that Petronas had recently used its cementing technology offshore Mexico for the first time.This project, at a deepwater exploration well (BC-1) off the coast of Tampico in over 5000ft of water, marked…
The UK oil and gas industry regulator Oil and Gas Authority has launched its second Wells Insight report, which shows that the number of exploration and appraisal wellbores spudded has been on a decline, however, success rates have improved…
Indonesia is putting eight new oil and gas blocks located across the archipelago up for bids, Tutuka Ariadji, the director general of oil and gas at the country's energy ministry, said on Monday.The oil and gas blocks had a total capacity of…
Brazilian oil company Petrobras has signed contracts with the Dutch FPSO specialist SBM Offshore for the chartering and provision of services of the FPSO Alexandre de Gusmão.This will be the fourth definitive floating production system to be installed in the Mero field…
Norwegian oil and gas company Equinor has agreed to sell its stake in the Corrib offshore gas project in Ireland to Vermilion Energy.The transaction is organized through a share sale of Equinor Energy Ireland Limited, a company 100% owned by Equinor ASA…
Thor Wind Farm I/S, a consortium RWE AG, RWE Renewables GmbH, RWE Renewables Management UK Limited, has won the concession to build Thor offshore wind farm in Denmark, after Denmark held a lottery to decide the winner on Dec. 1.Thor offshore…
Bureau Veritas (BV) has granted an Approval in Principle (AiP) to Hyundai Heavy Industries for its design and development of “Hi-Float”, a floating offshore wind turbine foundation. The offshore floating wind substructure “Hi-Float” is designed…
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