Kongsberg Maritime has secured $73.3 million contract from Fujian Mawei Shipbuilding in China to supply range of equipment for a new fleet of 10 platform supply vessels (PSVs) being built for Greek shipowner Capital Offshore.Under the contract…
Yinson Production has completed the sale of minority stake in floating, production, storage and offloading (FPSO) unit Anna Nery, working for Petrobras offshore Brazil, to “K” Line for $49 million.Yinson Production sold its 11.8% stake in Yinson Boronia Consortium…
Sunda Energy, the AIM-quoted exploration and appraisal company focused on gas assets in Southeast Asia formerly known as Baron Oil, has delayed the start of drilling operations for the Chuditch-2 appraisal well off Timor Leste to the second quarter of 2025Sunda Energy…
Oslo-listed Vaar Energi, majority-owned by Italy's Eni, on Tuesday reported a stronger than expected third-quarter operating profit and guided for lower costs in 2024, boosting its shares in early trade.Its earnings before interest and tax (EBIT)…
China's state-owned oil and gas firm China National Offshore Oil Corporation (CNOOC) has brought onstream another oilfield development in South China Sea ahead of schedule.The development, the Xijiang 30-2 oilfield Xijiang 30-1 block development project…
BW Energy and its partners have completed production drilling campaign at Dussafu Marin Permit offshore Gabon, bringing the oil production at the development to the highest quarterly rate since the start-up in 2018.Dussafu Marin Permit, operated by BW Energy with 73…
Norway's combined petroleum utput lagged an official forecast by 1.7% in September as gas production was lower than expected, the Norwegian Offshore Directorate (NOD) said on Monday.Norway is Europe's largest supplier of natural gas and a major producer of oil…
CRC Evans, a company offering welding and coating services to the energy sector, has completed its work scope to deliver a range of welding services to support First E&P’s Alpha Project located offshore Nigeria.A greenfield development, Project…
Saudi Arabia-based oilfield services company TAQA has launched its next-generation inflow control system, enabling operators to optimize reservoir performance while sustainably managing fluid production.The M4 Inflow Control System dictates…
MOL Group and Turkish Petroleum Corporation (TPAO) have signed a memorandum of understanding (MoU) to cooperate as strategic partners in the exploration and production of hydrocarbons.The companies agreed to elevate their cooperation to a new…
Offshore services firm Subsea7 has completed all floatover installation operations using an innovative installation method on Saudi Aramco’s oil and gas project offshore Saudi Arabia.Subsea7 used only tugs and soft mooring lines connected to…
Brazil’s Federal court has annulled a two-year ban imposed on Saipem’s two business units on from contracting with the Brazilian public administration.The decision to prohibit Saipem’s two businesses was taken due to alleged irregularities in the award of a contract related to gas pipelines…
American Bureau of Shipping (ABS) has secured a contract to provide and test a digital twin solution for real-time condition monitoring for a Petrobras floating production, storage and offloading (FPSO) unit.The ABS solution will provide a digital twin of the asset…
Britain has imposed sanctions on 18 further Russian oil tankers and four liquefied natural gas vessels, the largest batch of sanctions to date against the country's so-called 'shadow fleet,' the government said on Thursday.Britain says the 'shadow…
Offshore drilling contractor Transocean has secured a one-year contract for the Deepwater Conqueror drillship with an undisclosed operator in the U.S. Gulf of Mexico.The contract is expected to start in October 2025 and contribute approximately $193 million in backlog…
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