SBM Offshore has entered into a shareholders' agreement with long-standing business partner NYK to divest a 45% ownership interest in the special purpose companies related to the lease and operation of the Chalchi floating storage and offloading (FSO) unit…
Conrad Asia Energy, via its subsidiary West Natuna Exploration Limited (WNEL), has signed a binding contract with PT Pertamina Drilling Services Indonesia through the PDSI–ADES Consortium for the provision of a jack-up drilling rig to support development of the Mako gas field offshore Indonesia…
President Vladimir Putin said on Thursday that Russia was ready to resume gas supplies to Germany via the Nord Stream pipeline that was heavily damaged by undersea explosions in 2022, and the onus was on Berlin to make up its mind.Putin told journalists in St…
Norwegian oil companies have agreed to a wage deal with three labour unions, preventing any strike action that would have disrupted output, negotiators for both sides said on Friday.Labour unions had said nearly 8% of Norwegian offshore oil and gas workers planned to strike if wage mediation failed…
Masirah Oil has announced that the start date for a planned three-well development drilling program at the offshore Yumna field in Oman's Block 50 will be updated at a later date.The company did not provide a revised timeline for the campaign…
The Arab Shipbuilding and Repair Yard Company (ASRY) has completed its 200th offshore rig project following the delivery of the VALARIS 250 (Bob Palmer) offshore rig project.The milestone was marked during a ceremony attended by executives and officials from ASRY and representatives from Valaris…
Sonardyne and engineering consultancy AMOG have signed a memorandum of understanding to jointly offer subsea asset monitoring services for offshore energy infrastructure.The partnership will combine Sonardyne's underwater monitoring, positioning…
Motive Offshore Group has acquired subsea cable monitoring and integrity technology company C-Kore in a move aimed at expanding its testing, inspection and certification (TIC) capabilities.The acquisition is expected to increase the contribution…
McDermott has been selected by Aramco as one of 11 contractors under a long-term Project Management Consultancy (PMC) agreement supporting the delivery of energy, downstream, petrochemical and low-carbon projects across Saudi Arabia.The multi…
Mitsui O.S.K. Lines (MOL) has reached a final investment decision to participate in the Delfin FLNG 1 project, an offshore floating liquefied natural gas (FLNG) development off the coast of Louisiana that is expected to become the first FLNG facility in the United States…
Kuwait could restore nearly 70% of its oil production within six to eight weeks after the Strait of Hormuz reopens, Kuwait Petroleum Corporation's managing director for international marketing, Shaikh Khaled Ahmad Al-Sabah, said on Wednesday…
TotalEnergies expects to move ahead with the second development phase of Azerbaijan's Absheron gas-condensate field by end-2026, Emmanuel de Guillebon, managing director of TotalEnergies Azerbaijan, said.The project is currently at the tendering stage…
A combination of contract terminations, spiraling insurance costs and the threat to EPC projects are creating a complex combination of risk for offshore operators in the Middle East Gulf.In its latest HORIZON Monthly Offshore report, MSI notes that…
Saipem has completed the lifting and installation of a gas recovery module for the Bouri Gas Utilization Project (BGUP) offshore Libya using its heavy-lift vessel Saipem 7000.The module, fabricated by Rosetti Marino at its Marina di Ravenna yard on behalf of Saipem…
Norway's oil and gas output could initially fallby about 45,500 barrels of oil equivalent per day from Friday onwards if workers choose to go on strike, industry group Offshore Norway told Reuters on Wednesday.Nearly 8% of Norwegian offshore…
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