Russian President Vladimir Putin has extended by one year the deadline for the sale of U.S. oil major ExxonMobil's stake in the Sakhalin-1 oil and gas project until January 1, 2027, according to a decree published on Wednesday.The extension…
Norwegian oil and gas firm Vår Energi and its partner Kistos Energy have drilled a dry well in the Balder area in the North Sea.The well 25/8-C-23 D, dubbed Prince Updip, was drilled in production license 027, from the Ringhorne platform, just over 200 kilometers west of Stavanger…
The Singapore Institute of Technology (SIT) and offshore and marine engineering group Seatrium have launched an Offshore & Marine Digital Learning Lab at SIT’s Punggol Campus, aimed at accelerating maritime digitalization and supporting the energy transition…
Eni has shipped the first liquefied natural gas (LNG) cargo from Phase 2 of the Congo LNG project, marking the start of LNG exports from the Nguya floating liquefied natural gas (FLNG) unit offshore Congo.With the start-up of Phase 2, the Congo…
QatarEnergy signed a 20-year Sales and Purchase Agreement (SPA) with Petronas for the supply of two million tons per annum (MTPA) of liquefied natural gas (LNG ) from Qatar to Malaysia starting 2028.This is the first long-term LNG SPA between QatarEnergy and Petronas…
Shell Brasil Petróleo, a subsidiary of Shell, has agreed to sell a 20% interest in the Orca deepwater project offshore Brazil to Kuwait Foreign Petroleum Exploration Company (KUFPEC).Orca, formerly known as Gato do Mator, is a deepwater development located in the pre-salt area of the Santos Basin…
India's Oil and Natural Gas Corp (ONGC) will pay into Russia's Sakhalin-1 oil and gas field abandonment fund in roubles, using Indian companies' frozen dividends to retain its 20% stake in the project, three sources familiar with the matter said…
Seaway7, part of Subsea7, has secured a substantial contract by OWP Gennaker, part of Skyborn Renewables, for the Gennaker offshore wind farm in Germany.Seaway7's scope of work includes the transportation and installation of the 63 monopiles and transition pieces…
A 20 MW offshore wind turbine, jointly designed and built by China Three Gorges (CTG) and Goldwind, has been installed in the southern Fujian in China as part of a research project, setting a world record for the highest-rated offshore wind turbine to be installed at sea…
Oil and gas firm Ithaca Energy has exercised all three remaining weeks of options for Prosafe’s Safe Caledonia accommodation rig, which will continue providing support at its Captain field in the U.K. sector of the North Sea.The extension will…
CIMC Raffles has awarded a contract to TMC Compressors to deliver a complete marine compressed air system for the MK II floating liquefied natural gas (FLNG) facility, currently under construction for Golar LNG.TMC’s scope includes instrument air compressors…
Saipem has been awarded two offshore contracts in Saudi Arabia, known as Contract Release Purchase Orders (CRPO), under its existing Long-Term Agreement with Aramco.The first contract (CRPO 162), with a duration of 32 months, encompasses the Engineering…
Abu Dhabi National Oil Company (ADNOC) has secured up to $11 billion in structured, non-recourse financing to support development of its Hail and Ghasha offshore gas project, a key part of the UAE’s strategy to expand domestic gas supply and exports…
Cedar LNG, the partnership between Haisla Nation and Pembina Pipeline Corporation, has secured a 12-year agreement with Ovintiv for its floating liquefied natural gas (FLNG) facility, being developed on Canada’s West Coast.The agreement, signed…
Shell is seeking a buyer for a 20% stake in its Brazilian oilfield cluster to help fund a multibillion-dollar offshore development, Bloomberg News reported on Tuesday, citing sources.Shell declined to comment on the report, when contacted by Reuters…
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