EnQuest has agreed to acquire interests in four offshore production sharing contracts (PSCs) in Malaysia for up to $833 million, a deal that would significantly increase the independent energy company's production, reserves and cash flow.The proposed acquisitions will be made through EnQuest Petroleum Production Malaysia Limited, which has entered into three separate farmout agreements with Petronas Carigali and E&P Malaysia Venture…
COSCO Shipping Specialized Carriers has completed the transport and float-over installation of an offshore converter platform for the Qingzhou V & VII offshore wind project, a key milestone in what the company described as the world's first…
PXGEO has signed a one-year framework agreement with Equinor to conduct autonomous subsea inspection trials using Saab's Sabertooth Underwater Intervention Drone (UID) technology.The agreement will see the companies test and verify autonomous inspection capabilities…
BP has set out plans to reorganize its operations into two business segments from July 1, simplifying its organizational structure as part of efforts to improve performance and increase shareholder value.The company said it will replace its…
Crane specialist Liebherr will supply six RL 2600 offshore cranes for TenneT's 2 GW offshore wind transmission projects in the Netherlands under a contract with Singapore-based engineering, procurement and construction contractor Seatrium.The cranes will be installed on the IJmuiden Ver Beta…
T12 Engineering has completed the assembly and shipment of a 60-tonne gravity-based subsea structure destined for offshore installation in Norway.The structure, designed for an independent Norwegian oil and gas operator, departed from the Port…
French wave energy company Seaturns has deployed its full-scale wave energy demonstrator off the French Atlantic coast, starting an offshore trial campaign that will run for a minimum of one year.The deployment marks a key milestone on its path…
Viridien and Aker BP have entered into a five-year strategic partnership agreement to strengthen collaboration on multi-client ocean bottom node (OBN) seismic acquisition, imaging and technology development for exploration on the Norwegian Continental Shelf…
Hydrogen of Dutch Origin (H2DO) and its partners have launched a feasibility and concept study for a 30-50 MW offshore green hydrogen project in the Dutch North Sea, aimed at demonstrating how offshore hydrogen production could support the expansion…
Saipem's multi-purpose heavy-lift vessel JSD6000 has started preparatory work in the Port of Genoa ahead of its deployment on the Neptun Deep gas development project in the Black Sea.The vessel is currently moored at the San Giorgio del Porto shipyard…
Offshore drilling contractor Noble Corporation has secured a three-well drilling contract with BP for the semi-submersible rig Noble GreatWhite offshore United Kingdom.The contract is expected to last between 150 and 210 days and carries a dayrate of $320…
Energy data and intelligence TGS has secured an offshore wind site characterization contract in Europe.The Ramform Vanguard is scheduled to commence data acquisition in early August, and the contract has a duration of approximately three weeks…
Norway's Hammerfest LNG export terminal on Monday postponed the start of a planned annual maintenance outage until June 13, a spokesperson for operator Equinor said.Europe's largest export terminal for liquefied natural gas has a daily processing capacity of 18…
Top BP investors and former executives said they remained in the dark about the precise circumstances that led to the departure of former chair Albert Manifold, the Financial Times reported on Tuesday.BP did not immediately respond to Reuters' request for a comment outside regular business hours…
IKM Ocean Design has been awarded a front-end engineering and design (FEED) contract by Equinor for the Atlantis pipeline system, advancing plans for development of the Atlantis gas and condensate discovery in the Norwegian North Sea.Atlantis…
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