Norwegian offshore vessel owner DDW Offshore, a subsidiary of Akastor, has entered into bareboat charter and future sale agreements for two of its AHTS vessels with the Brazilian subsea services company OceanPact.Under the charter, DDW Offshore - formerly known as DOF Deepwater…
Guyana, a country that has become a deepwater oil and gas exploration hotspot mostly due to a string of discoveries made by ExxonMobil in recent years, is set for a record year when it comes to the number of offshore wells expected to be drilled in 2021…
Green Minerals, a subsea minerals mining company recently created by Seabird Exploration, a Norway-based provider of seismic survey services wanting to diversify its business suffering from oil price cycles, on Tuesday said it expects to have its marine minerals production system ready in 2026…
Brazilian oil and gas company PetroRio on Thursday said it had agreed to buy from Total a 28.6% stake in the Wahoo field, offshore Brazil.The field is located in the BM-C-30 Block, and the acquisition from Total, together with the interest in Wahoo PetroRio agreed to buy from BP…
Governments and energy companies are placing large bets on clean hydrogen playing a leading role in efforts to lower greenhouse gas emissions, but its future uses and costs are highly uncertain.'Without hydrogen by 2050 we cannot aim to be a net zero (carbon) economy…
The transition to a lower-carbon economy, including commitments by the UK and Scottish Governments to achieve net-zero by 2050 and 2045 respectively, coupled with increased urgency around climate action plans leading to COP26 in November, have sent a clear message…
Global oil demand is recovering and could return to around pre-pandemic levels next year, the chief executive of Saudi Aramco told an oil and gas conference on Tuesday.Global demand for oil is likely to recover from the second half of the year…
London-listed oil and gas company Energean has become the full owner of Energean Israel Limited, a company working to develop the Karish and Tanin fields in the Mediterranian Sea, offshore Israel.As previously reported, Energean in December…
Royal Dutch Shell in Germany aims to produce aviation fuel and naphtha made from crops and renewable power and to increase to commercial scale an electrolysis plant that makes fossil-free hydrogen, as it seeks to move away from crude oil.The…
Offshore drilling company Borr Drilling expects growth in demand for modern jack-up drilling rigs, supported by higher oil prices coupled with the need to drill more to counter declines caused by years of underinvestment in the oil and gas industry…
UAE-based ADNOC Drilling has taken delivery of the Shelf Drilling Journey jack-up drilling rig from Shelf Drilling, following the sale and purchase deal signed in December 2020.Offshore drilling contractor Shelf Drilling said Thursday that it had on February 24…
Oil and gas company Neptune Energy said Tuesday it had brought online the Gjøa P1 development in the Norwegian sector of the North Sea.Gjøa P1 has been developed via a new subsea template, tied back to existing infrastructure on the Gjøa field…
Woodside Energy expects strong buyer interest in the sale of a share of a new production unit at its Pluto LNG plant, top executives said on Thursday, a precondition for a planned $11 billion expansion at its Scarborough gas and Pluto project…
Floating offshore wind, despite the currently low installed capacity, could be the next frontier in wind power development in the Asia Pacific with almost limitless potential, says Wood Mackenzie, adding the total investment in the sector could be worth US$58 billion…
Russian oil company Lukoil is still working to obtain a share in the offshore block in Senegal containing the Sangomar development, after its first attempt last year to buy Cairn's share in the project was blocked out by Woodside, which exercised its pre-emption rights as a partner in the block…
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