Italian energy major Eni and commodities trading group Mercuria have signed an agreement to establish an equally owned joint venture to oversee energy commodities trading activities across global energy markets.The joint venture will operate…
Offshore drilling contractor Transocean has signed a conditional agreement with Equinor for the use of three harsh-environment semi-submersible rigs on the Norwegian continental shelf, adding more than $1 billion to its contract backlog.The agreement…
QatarEnergy, ExxonMobil and the Government of Cyprus have signed a commercial discovery declaration for the Glaucus and Pegasus fields in Block 10 offshore Cyprus, marking a step forward in the development of the country's offshore gas resources…
Lighting company Glamox has appointed Elisabeth Tapper as its chief business and marketing officer, a newly created role aimed at strengthening customer focus, commercial excellence and business development across its global operations.Tapper…
Sunda Energy has started evaluating options for the planned Chuditch-2 appraisal well offshore Timor-Leste following discussions with regulators and its joint venture partner, while separately advancing its acquisition of a New Zealand production business…
Cidade de Niterói MV18 floating production, storage and offloading vessel (FPSO) unit, owned and operated by MODEC, has arrived at a ship recycling facility in Denmark after completing charter and operations and maintenance services for Petrobras at the Marlim Leste field offshore Brazil…
Vallourec has been awarded a major contract by Azule Energy to supply line pipes for the Greater PAJ offshore development in Angola, one of the largest deepwater projects currently under development in the country.Under the contract, Vallourec will supply more than 26…
Vår Energi and Equinor have agreed to swap assets on the Norwegian continental shelf, with Vår Energi increasing its exposure around the Gjøa area and Equinor strengthening its position in the Troll-Fram region.Under the agreement, Vår Energi will acquire a 32…
Offshore floating solar company SolarDuck and the Maritime Research Institute Netherlands (MARIN) have been awarded a $3.7 million (€3.2 million) subsidy from the Netherlands Enterprise Agency (RVO) to advance the development of an offshore…
The Norwegian Offshore Directorate (NOD) has granted Equinor a drilling permit for a wildcat well in the North Sea.The permit is for wellbore 30/8-7 S in production license 190. Equinor is the operator of the license with 50% stake, while its…
Ocean Installer has been awarded a major engineering, procurement, construction and installation (EPCI) contract by Vår Energi for the Balder Next New Wells project in the North Sea.The project forms part of Vår Energi's hub development strategy in the Balder area…
SBM Offshore has secured project financing worth $465 million for the Chalchi floating storage and offloading (FSO) vessel, being built for Woodside Energy's Trion project offshore Mexico.The financing has been provided by a consortium of international…
Norwegian shipbuilder Vard has delivered a hybrid construction and cable laying vessel (CLV) to Japan's Toyo Construction, marking its first vessel delivery to the Japanese offshore wind market.The vessel was handed over at Vard Langsten in Norway on June 26…
SBM Offshore has signed a contract with Shanghai Waigaoqiao Shipbuilding (SWS) and China Shipbuilding Trading (CSTC) for the construction of its seventh generic Fast4Ward Multi-Purpose Floater (MPF7) hull.The MPF7 will use SBM Offshore's proprietary…
Around 1,000 Norwegian oil service workers were locked out on Saturday morning in an escalation of a labour dispute that is expected to disrupt drilling and some production on the Norwegian continental shelf.The lockout was declared in response…
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