Offshore wind installation services company Fred. Olsen Windcarrier said Friday that a new Huisman-built was set to be shipped to Singapore where it will be installed on its Bold Tern jack-up vessel.'The new 1600t Huisman leg encircling crane…
Norwegian oil and gas company Equinor has awarded Subsea 7 a front-end engineering and design (FEED) study for the marine installations associated with the Krafla development project, offshore Norway.The awarded work is required to finalize…
Modern American Recycling Services, Inc. (M.A.R.S.) has acquired the DP3 diving support construction vessel “Caballo Marango” and will rename the vessel to 'Captain America.''The acquisition of this vessel represents a substantial investment…
China and Russia have grown increasingly close in recent years, including as trading partners, a relationship that brings both opportunities and risks as Russia reels from tough new sanctions led by the West in response to its invasion of Ukraine…
U.S. offshore oil producer Talos Energy Inc on Friday said it aims to file permit applications for several carbon capture projects this year, a key step to developing carbon sequestration hubs along the Gulf Coast.Talos is developing plans to…
As offshore market activity recovers and continues to increase through the next decade, as we expect it to, oilfield service (OFS) capacity is expected to tighten.As offshore market activity recovers and continues to increase through the next decade…
Oil major BP has started up production from its Herschel Expansion project in the Gulf of Mexico, in what is the first of four major projects scheduled to be delivered by BP globally in 2022.The first phase of the Herschel Expansion project…
The Biden administration's sale of offshore wind development rights off the coasts of New York and New Jersey continued to shatter all records on Friday, reaching over $3.8 billion with one single block fetching over $1 billion.The auction, which began on Wednesday…
Brazilian oil company Enauta said Friday that it had exercised the option for the Alpha Star drilling rig to drill two wells for Atlanta’s Full Development System, in the Santos Basin, offshore Brazil.As previously reported, Enauta said earlier…
Chevron is looking to sell its stakes in three oil and gas fields in Equatorial Guinea, hoping a recent rally in energy prices will help attract buyers, three industry sources told Reuters.The U.S. company acquired the assets in the West African…
The logistics arm of state oil firm Abu Dhabi National Oil Company (ADNOC) will supply a floating storage unit to LNG logistics company AG&P to launch the Philippines' first LNG import terminal in July, the companies said on Wednesday.Singapore-based Atlantic…
In July 2020, just a few months after the COVID-19 pandemic started to spiral out of control, Shell CEO Ben van Beurden declared world oil demand may have passed its peak - all but condemning his company's core business to eventual obscurity…
Nigerian oil company Seplat has agreed to buy ExxonMobil's shallow water assets in Nigeria via the acquisition of the U.S. oil company's Nigerian subsidiary Mobil Producing Nigeria Unlimited ('MPNU'), in what Seplat said was a transformational acquisition for the company…
Offshore drilling contractor Transocean expects rig dayrates to keep growing, boosted by high oil prices and growing demand, the company's CEO said Tuesday, as the company posted its fourth-quarter results.Transocean CEO Jeremy Thigpen said: 'As we move into 2022…
The New York Bight auction is made up of six leases containing an estimated 5.6 GW of bottom-fixed offshore wind capacity that can serve New York and New Jersey offshore wind requirements, amongst others. Till now, New York and New Jersey have secured a combined capacity of 8…
Subscribe
