Guyana's environmental regulator on Tuesday appealed a court decision that last week declared that the agency and Exxon Mobil unit breached oil-spill insurance obligations for the company's first offshore project in the country.Guyana's High…
Australia’s federal government has released its 2023 Budget, with the offshore industry saying it listened to industry concerns.Australian Petroleum Production & Exploration Association (APPEA) Chief Executive Samantha McCulloch said the new…
ABS has signed an MoU with Korean industry leaders to produce a feasibility study for a near-shore floating platform for green hydrogen production and liquefaction.The partners include the Korea Institute of Energy Technology; HD Korea Shipbuilding and Offshore Engineering…
U.S.-based offshore vessel owner Harvey Gulf International Marine has said that Philip Luongo, a New York native and graduate of the United States Merchant Marine Academy, has joined the company. After graduating Kings Point, Luongo upgraded his Unlimited U…
The new floating terminal for liquefied natural gas (LNG) set up in the Tuscan port of Piombino will start its commercial operations at the end of this month, the CEO of Italy's gas grid operator Snam said on Friday. The terminal will make available…
Japan's MODEC said Monday it would proceed with engineering, procurement, and construction on the Uaru FPSO vessel following a final investment decision on the Uaru offshore oil project by ExxonMobil in Guyana last month.The Uaru FPSO is named ‘Errea Wittu’…
The Polish government has approved draft legislation that would allow the military to sink an enemy ship targeting a key gas pipeline from Norway via the Baltic Sea following NATO's warning that Russia might sabotage undersea energy infrastructure…
NOV has signed a new contract with China's CIMC Raffles to supply another GustoMSC™ NG-20000X self-propelled wind turbine installation jack-up vessel design for Havfram, an offshore wind services company based in Norway, which recently ordered its second wind turbine installation vessel from CIMC…
Norway's Equinor on Thursday posted a higher-than-expected profit for the first quarter, albeit well below last year's record levels, amid a sharp fall in gas prices.The Norwegian oil and gas producer's adjusted earnings before interest and…
WTIVs have always been fuel-hungry. Now they are being tasked with installations that are further, deeper and heavier.Offshore wind farms continue their march into deeper water, further from shore, with turbines that can now reach more than 270 meters high with blades 120 meters long…
As the world continues to scramble for renewable energy, floating offshore wind has emerged as a key capacity enabler in the coming decades. With no major commercial scale projects currently in operations, the segment is largely based on governments…
The Kremlin on Tuesday called for the investigation into the blasts of Russia-designed Nord Stream gas pipelines to be speeded up and any results to be published. In September 2022, several unexplained underwater explosions ruptured the Nord…
Exxon Mobil Corp is not giving up on oil exploration in Brazil, the company's country chief Alberto Ferrin said on Monday during the Offshore Technology Conference (OTC) in Houston.'I would say very crystal clear that Exxon Mobil is not quitting exploration in Brazil at all…
The head of oil major Shell Plc's Brazilian operations on Monday said a temporary oil-export tax established in March was a concerning development that could hurt the country's investment attractiveness.Brazil's government in March said the temporary…
Brazil's state-controlled oil company Petrobras has abandoned a plan to sell its 44% stake in a promising offshore gas project it shares with Colombia's Ecopetrol in the Andean country, a Petrobras executive said at a Houston energy conference on Monday…
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