Romanian oil and gas company OMV Petrom has signed the production sharing contract for the offshore Block II in the exclusive economic zone of the Georgian Black Sea.OMV Petrom won in June 2020 the international tender organized by the Ministry…
Norway's $1.3 trillion wealth fund, the world's largest, should reduce the size of its global company reference index by between 25% and 30% to better follow up companies, primarily by removing small-cap stocks, the finance ministry proposed on Friday…
Romania-based Black Sea Oil & Gas (BSOG) will begin extracting natural gas from its $600 million offshore Romanian project in November, its chief executive said on Tuesday, but added further progress hinged on scrapping a disputed tax.The additional…
The global financial investment for offshore wind capacity set records in 2020, with total capacity investment as well as cash amount earmarked surpassing that of 2018, the previous record year, according to The Renewables Consulting Group (RCG)…
Bulgartransgaz, the operator of the national natural gas transmission network of Bulgaria, has officially taken a 20% share in Greek company Gastrade that is developing an LNG floating storage and regasification unit (FSRU) offshore Alexandroupolis…
Romanian oil and gas firm OMV Petrom said Monday it had started drilling two new development wells in the shallow waters of the Istria block, in the Black Sea.The first drilling operations started at the end of December 2020 and the drilling…
Russian energy giant Gazprom said on Friday it had begun delivering natural gas to Serbia and Bosnia through the TurkStream pipeline and a new route crossing Turkey and Bulgaria.The gas supplies destined to Serbia and Bosnia first reach Turkey via the TurkStream pipeline…
Dutch offshore contractor Van Oord has ordered a 'green' cable-laying vessel from the Norwegian shipbuilder Vard. The ship will be built in Tulcea, Romania and Brattvaag, Norway for scheduled delivery in 2023.The vessel, equipped with the latest sustainable technologies…
Russia has resumed construction of the politically-charged Nord Stream 2 gas pipeline to Germany, laying pipes after a one-year hiatus prompted by U.S. sanctions, the pipeline operator said on Friday.An alleged nerve agent attack on Kremlin…
Norwegian offshore vessel operator Solstad Offshore has won a charter deal for the construction support vessel Normand Maximus.Solstad, which recently saw the long-term contract for the vessel terminated by Saipem four years earlier than planned…
Trans Global Projects Group (TGP) has said it has completed the delivery of an 'oversized' oil derrick to the Caspian region. Under a contract with an unnamed oilfield equipment provider, TGP was in charge of transporting the oil derrick from Constanta…
Insights on innovative power products upgrades that could be used to keep offshore operations moving along effectively, efficiently.Maersk Supply Service/Orsted power buoysDanish offshore vessel firm Maersk Supply Service and its compatriot offshore wind developer Ørsted…
A new study by Westwood Global Energy Group shows that 11 billion barrels of oil and 36 billion barrels of oil equivalent (boe) gas in 119 discoveries >100 million boe in size made between 2008 and 2016 is currently stalled with no progression towards development…
Dutch marine services and towage company KOTUG said it has been awarded a long-term contract by ExxonMobil affiliate Esso Exploration and Production Guyana Limited (EEPGL) to provide offshore terminal towage support for operations in Guyana…
Italian oilfield services company Saipem has terminated the charter party for Solstad Offshore's Normand Maximus offshore construction vessel four years early.Norwegian offshore vessel owner Solstad said Friday that Normand Maximus Operations Ltd…
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