Russian oil firm Lukoil will acquire a 9.99% percent in the Shah Deniz offshore gas field in the Azerbaijan sector of the Caspian Sea from Malaysia's Petronas and not 15.5% as agreed originally in October, as other partners in the field, BP and Socar…
Norwegian subsea services company Reach Subsea said Monday it had secured a contract in the U.S. Gulf of Mexico for end of 2021 and 2022 execution, representing about 230 project days.The project, with an unnamed client, involves the support…
Qatari national oil and gas company QatarEnergy has agreed to buy working interests in two offshore exploration blocks on the Egyptian side of the Red Sea from Shell. QatarEnergy will hold a 17% working interest in Red Sea Blocks 3 and 4.Block…
Technip Energies said Thursday it had received the acceptance of its basis of the design of its INO12TM floating offshore wind concept from classification society DNV.The company said that DNV's acceptance marked important progress towards the…
Just a few days after South Korea's shipbuilder Samsung Heavy Industries said it had found a potential buyer for a drillship originally ordered in 2014, without revealing the buyer's name, drilling firm Stena Drilling confirmed the deal on Tuesday…
NEO Energy has completed the previously announced acquisition of a portfolio of non-operated oil and gas assets in the UK Central and Northern North Sea from ExxonMobil. The company made the announcement on Wednesday.North Sea-focused oil company…
Trinidad and Tobago next year plans to launch bidding rounds for onshore and shallow-water areas on top of last week's launch of an auction of 17 deepwater oil and gas blocks, the nation's energy minister told Reuters.The Caribbean country, which is among the region's top producers of natural gas…
Maersk Training has named David Skov as its new CEO as the firm looks to expand its presence in the worldwide offshore energy and maritime markets.Skov was previously Regional Head of Terminals, Africa & Middle East at APM Terminals, part of A…
Halliburton has not proposed buying Exxon Mobil's stake in Iraq's West Qurna 1 oilfield, a spokesperson for the U.S. oil services company said on Wednesday, denying comments from a senior official from Iraq's Basra Oil Co. (BOC).'We are not…
South Korean shipbuilder Samsung Heavy Industries said Wednesday it had found a buyer for a drillship originally ordered in 2014.The company said the drillship had been sold to a European drilling company, without sharing the identity of the buyer…
Eneti, an offshore wind installation company in the making, said Thursday it had entered into a binding agreement for the construction of one wind turbine installation vessel (WTIV).The company, formerly known as Scorpio Bulkers, ordered the…
3i Infrastructure has agreed to acquire AMP Capital's stake in the Danish offshore vessel owner ESVAGT.The deal will result in 3i Infrastructure owning a 100% of the equity in ESVAGT. 'This further investment is expected to be £268 million.…
Japanese shipping giant Mitsui O.S.K. Lines (MOL) has partnered up with Scotland-based floating wind specialist Flotation Energy to jointly evaluate offshore wind development opportunities in Japan. The agreement builds on the 2GW portfolio…
Colombia received bids for 30 blocks from seven companies during its latest oil and gas auction, the government said on Wednesday, as the Andean country looks to maintain energy self-sufficiency amid a drive to develop renewable sources.The…
Nigeria's Seplat Energy along with a partner is in talks to buy ExxonMobil's shallow-water oilfields in the African nation, the company said on Monday, cautioning there was no certainty about the outcome.In recent years, Exxon has been exiting…
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