SBM Offshore, the Dutch-based FPSO company, said Tuesday that the topsides lifting campaign for the Liza Unity FPSO was recently completed. The FPSO is being built for deployment at ExxonMobil's Stabroek offshore block in Guyana.'Thanks to the efforts of the integrated team…
Offshore helicopter operator CHC has agreed to buy the oil and gas aviation business of Babcock.Babcock's oil and gas aviation business provides offshore oil and gas crew transportation services in the UK, Denmark and Australia and is headquartered based in Aberdeen (UK)…
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…
The U.S. Interior Department announced Tuesday it will launch its review of the federal oil and gas leasing program on March 25, a key step that will determine whether the Biden administration will permanently halt new leases on federal land and water…
Testing, inspection, and classification company Bureau Veritas (BV) has been awarded a project certification contract for EolMed, a floating offshore wind farm pilot project in France developed by Qair and involving Total, Ideol, and Vestas Wind Systems A/S…
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…
Remotely operated underwater vehicle (ROV) specialist Film-Ocean Ltd, based in Aberdeenshire, has recently invested a six-figure sum in a Schilling heavy duty work class ROV and plans to grow its workforce to support the company’s growth plans…
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…
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…
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…
BW Ideol, a company created last month after FPSO firm BW Offshore announced its investment into floating wind company Ideol, has applied for listing on Euronext Growth.'Oslo Børs has received an application for admission to trading on Euronext Growth from BW Ideol AS…
Hedge funds have reduced their position in petroleum futures and options for the first time in 16 weeks, the first weekly net sales since the first successful coronavirus vaccine trials were announced in early November.Hedge funds and other…
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…
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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