The Brazilian oil company Petro Rio on Wednesday announced production start-up for the MUP5 well in the Frade offshore field in Brazil.Petro Rio said that the stabilized initial production of approximately 8,000 barrels of oil per day, above original projections…
Kazakhstan-focused oil and gas company Caspian Sunrise has won a contract for its offshore drilling vessel, Caspian Explorer.The company, which bought the shallow-water drilling vessel back in 2020, said Tuesday the vessel would drill a well…
Covington, La.-based offshore vessel owner Hornbeck Offshore Services has reached a deal to acquire six offshore supply vessels (OSV) from an affiliate of its peer Edison Chouest Offshore.Hornbeck announced Monday it entered into a definitive…
France and Spain announced a breakthrough on Thursday in a long-running impasse over what would be their first undersea electricity link.Spanish competition watchdog CNMC and French energy regulator CRE gave the go-ahead to a new cost-sharing…
Norway's Equinor is close to reaching a deal to buy Suncor Energy's British North Sea oil and gas assets for around $1 billion, three sources familiar with the matter told Reuters on Wednesday.The deal includes Suncor's 40% stake in the Equinor-operated offshore Rosebank oil and gas project…
Singapore's Keppel Corp said on Tuesday that Sembcorp Marine (Sembmarine) has completed a S$4.50 billion ($3.34 billion) buyout of its offshore & marine unit after receiving the necessary shareholder approvals. ($1 = 1.3484 Singapore dollars) (Reuters - Reporting by Jaskiran Singh in Bengaluru…
Equinor said on Friday it would acquire the British oil and gas business of Canada's Suncor Energy SU.TO for $850 million, giving the Norwegian company stakes in several key North Sea petroleum assets.Equinor said the deal includes a 29.9% stake in the Buzzard oilfield…
U.S. oil and gas producer EOG Resources on Friday said it had no plans to alter its strategy around new natural gas drilling, despite a sharp decline in prices this year. Rival producers, including Chesapeake Energy, Southwestern Energy, and Comstock Resources…
The Norwegian company HAV Group said Monday that its ship-design subsidiary, HAV Design, had signed a contract with Fincantieri Bay Shipbuilding to construct a newbuild service operation vessel (SOV) destined for the Coastal Virginia offshore wind project in the U…
Oslo-listed oil and gas company BW Energy said its planned acquisitions of Petrobras' working interest in Golfinho and Camarupim deepwater oil fields, and the related FPSO from Saipem, were facing delays as a Brazilian ministry has ordered a review of Petrobras divestment program…
Partners in the Leviathan gas field in the eastern Mediterranean have approved nearly $100 million of spending on preparation for expansion that includes a floating liquefied natural gas (LNG) terminal off the coast of Israel, the companies said on Tuesday…
Equinor agreed to buy oil and gas stakes in five discoveries in the Troll, Fram and Kvitebjoern areas of the North Sea from Wellesley Petroleum AS.The amount for the purchase was undisclosedThe transaction strengthens Equinor's position in a…
Scana's PSW Technology has won a contract with offshore drilling firm Deep Value Driller for deep-water BOP stack services. The deal comes just days after Deep Value Driller secured a contract with Saipem for its Deep Value Driller deepwater drillship…
Dutch seabed survey firm Fugro will buy two 83.4-meter-long platform supply vessels, Topaz Endurance and Topaz Energy, and convert them into geotechnical vessels.'The offshore renewable energy market continues to grow rapidly, leading to high demand for Fugro’s services and strong backlog growth…
Greencoat Renewables has completed the acquisition of a 22.5% stake in the Butendiek offshore wind farm in Germany from Marguerite Pantheon.Developed by wpd, the Butendiek offshore wind farm is located in Germany’s exclusive economic zone in the North Sea…
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