Estaleiro Jurong Aracruz (EJA), a Brazilian subsidiary of Singapore's Sembcorp Marine, has completed the construction of the P-71 FPSO, integrating topsides on the China-built hull.The new FPSO vessel left the EJA shipyard on Tuesday. It will…
Offshore drilling company Borr Drilling has entered into an agreement to sell the jack-up drilling rig 'Gyme' for a price of $120 million to an unrelated third party.The 'Gyme' is a 2018 PPL Pacific Class 400 located in Singapore. The rig has not been activated or contracted since its delivery…
India maintains a 'healthy dialogue' with Russia and will look at what is offered following an announced ownership revamp to the Sakhalin-1 oil and gas project, Petroleum Minister Hardeep Singh Puri told Reuters. Russia last week issued a…
Shelf Drilling, an Oslo-listed offshore drilling services firm, has obtained a two-year contract extension for the Noble Sam Turner jack-up rig, which is a direct continuation of its present contract in Denmark.The contract has been secured by way of a priced option exercise by the customer…
Corrects with Dana Petroleum spokesman comment to clarify deal refers only to Dutch business.Korea National Oil Corporation agreed to sell the Dutch assets of North Sea oil and gas producer Dana Petroleum to private firm Waldorf Production,…
Offshore drilling firm Shelf Drilling has secured a five-year contract for the recently acquired premium jack-up rig Shelf Drilling Victory for operations in the Arabian Gulf.The contract value for the firm period, including mobilization revenue…
Sembcorp Marine's subsidiary, PPL Shipyard has reached definitive agreements with offshore drilling company Borr Drilling to defer its receivables from Borr Drilling from 2023 to 2025.The definitve agreements follow agreements in principle announced previously…
QatarEnergy CEO and state minister for energy Saad al-Kaabi said on Wednesday that his company will become the world's largest trader of liquefied natural gas (LNG) over the next 5-10 years, a position that is currently held by Shell. Following Russia's invasion of Ukraine…
Oilfield services firm Baker Hughes said Friday it had secured a new service contract for maintenance and monitoring of turbomachinery equipment operations at Coral Sul FLNG, the first deepwater floating liquefied natural gas (LNG) unit operating…
Uniwise Offshore, a Thailand-based offshore support vessel (OSV) company, has boosted cyber-security standards across its OSV fleet by adopting technology from Inmarsat, a mobile satellite communications specialist.'With reliable connectivity delivered by Inmarsat’s Fleet Xpress…
Talos Energy Inc said on Thursday it will buy EnVen Energy Corp, a private producer in the deepwater U.S. Gulf of Mexico, in a $1.1 billion deal including debt.The acquisition will add 24,000 barrels of oil equivalent per day of production for…
Brazilian oil company Petro Rio has signed a deal with TotalEnergies for the acquisition of a 40% interest in the BM-C-32 Block (“Itaipu Field” or “Itaipu”).Together with the 60% interest in Itaipu acquired from BP in July 2021, this transaction…
Germany confirmed the nationalization of struggling gas importer Uniper at a cost of 8 billion euros ($7.9 billion) on Wednesday as it scrambles to secure power for Europe's largest economy after Russia cut back supplies.Nationalizing Germany's…
TechnipFMC has been awarded a significant engineering, procurement, construction and installation (EPCI) contract by Shell for the Jackdaw development in the UK North Sea.The contract covers pipelay for a 30 km tieback from the new Jackdaw platform to Shell’s Shearwater platform…
Spanish power company Iberdrola said on Wednesday it had agreed to sell to Swiss investment fund Energy Infrastructure Partners (EIP) a 49% stake in a German offshore wind farm for 700 million euros ($700 million). The sale of the Wikinger wind…
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