India's ONGC Videsh Ltd has sold at least one cargo of Russian Sokol oil to India refiners Hindustan Petroleum Corp and Bharat Petroleum Corp after failing to draw interest in a tender earlier this month, sources familiar with the matter said…
Tongues are wagging in the offshore sector, as one of the longest-running rumors in the market has finally come true. U.S. offshore vessel owner Tidewater Marine has acquired Singapore's Swire Pacific Offshore for USD 190 million, the company’s…
Russian gas deliveries to Europe through the Nord Stream 1 pipeline across the Baltic Sea dipped slightly on Wednesday, while gas continued to flow eastwards from Germany into Poland along the Yamal-Europe pipeline.Flows to Germany through Nord Stream 1 stood at 65…
Australian offshore vessel owner MMA Offshore has completed the sale of the vessel “MMA Leveque” to a subsidiary of Fortescue Future Industries (“FFI”) for US$7.75M.FFI plans to convert the 74.87 meters long platform supply vessel to dual fuel…
Offshore drilling contractor Stena Drilling said in a social media post it was preparing to introduce the newest addition to its drilling fleet, the Stena Evolution drillship.'The Stena Evolution will be a technologically advanced 7th Generation ultra-deepwater drillship…
Hungarian oil and gas company MOL has signed a deal to sell its entire upstream portfolio in the UK North Sea to Waldorf Production.The divested offshore assets include MOL’s 20% stake in the Catcher field, a 50% stake in Scolty & Crathes, and a 21…
The Renewables Infrastructure Group (TRIG) has acquired a 7.8% stake in the huge Hornsea One wind farm located off England's Yorkshire coast, it said on Thursday.TRIG bought the stake from Global Infrastructure Partners for an undisclosed sum…
Oilfield services giant Baker Hughes has agreed to acquire Norway-based well intervention specialist Altus Intervention.The company said the acquisition of the well intervention services and down-hole oil & gas technology company, complemented…
Russian Deputy Prime Minister Alexander Novak said on Monday oil prices could reach $300 a barrel if Russian crude was shunned by the West but he said such a scenario was unlikely, TASS news agency reported.Trading sources have said some buyers…
ExxonMobil's Australian subsidiary Esso Australia has made a final investment decision to develop additional gas from the Gippsland Basin Kipper offshore field in Australia's Bass Strait.The company said the move would 'help secure much-needed supply for the Australian domestic market…
Norwegian offshore drilling technology company Enhanced Drilling said Wednesday that Spanish Repsol had signed up to use its RMR Riserless Mud Recovery system in the Norwegian part of the North Sea in a multi-well deal due to start in May 2022…
UK-North Sea-focused oil and gas firm IOG on Wednesday confirmed first gas production from the Elgood field, part of Phase 1 of its Saturn Banks Project. 'Following the confirmation of first gas at Blythe on Monday, the company yesterday also brought Elgood into production…
Portugal plans to hold its first auction for floating offshore farms this summer, which it hopes will be able to produce between 3 and 4 gigawatts (GW) of power in 2026, Environment and Energy Transition minister Joao Matos Fernandes told Reuters…
Nigeria's Seplat Energy is on track to buy Exxon Mobil's offshore shallow water business in the country for $1.28 billion, Seplat's chairman told Reuters on the sidelines of the CERAweek energy conference by S&P Global.The comments come amid…
The Hongkong based Unmanned Surface Vessel manufacturer OceanAlpha is showcasing its innovative USV portfolio for inland hydrography survey, offshore operation and maintenance (O&M) and smart rescue solutions at the Oceanology International (OI2022) held from March 15 to 17 in London Excel…
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