Nigeria's parliament will pass the long-delayed Petroleum Industry Bill by the second quarter of 2021, Senate President Ahmed Lawan said during a parliamentary session on Monday.The measure, which is 20 years in the making, underpins everything…
Dutch offshore services and subsea cable storage provider company Oceanteam has said it has secured an extension for a storage contract of 100+ kilometers of subsea cable with one of Europe’s biggest cable manufacturers.Oceanteam did not say who the client was…
Norwegian offshore drilling contractor Odfjell Drilling has signed a letter of intent with the oil company Lundin Energy for the use of its semi-submersible drilling rig Deepsea Stavanger.The letter of intent is subject to the finalization of the contract and final approvals from involved parties…
UK-based Premier Oil has announced the proposed appointment of Alexander Krane as Chief Financial Officer.Krane will be appointed with effect from the later of completion of the merger with Chrysaor and April 15, 2021. He will replace Richard…
Japanese trading house Sumitomo Corp will stop investing in new oil development projects as it shifts away from fossil fuels businesses amid a global push to cut greenhouse gas emissions, the Nikkei business daily reported on Sunday.The move…
Oil and gas company Spirit Energy Norway has entered into five-year framework agreements with Subsea 7, TechnipFMC, and DNV GL.'The agreements are a continuation of a new type of supplier collaboration that was started in 2015, and which has…
Russian pipe-laying and other vessels are heading to Nord Stream 2 pipeline construction sites in the Baltic Sea, ship tracking data showed on Friday, amid U.S. pressure to scrap the project that aims to pump more Russian gas to Europe.Work on Nord Stream 2 pipeline…
Offshore installation and construction firm Subsea 7 said Friday it had won a substantial contract - so, worth between $150 million and $300 million - to deliver a 'lean gas platform' system to Cabinda Gulf Oil Company Limited (CABGOC) offshore Angola…
Brazilian oil company PetroRio has received regulatory approval to acquire a 30% stake in the Frade oil field in the Campos Basin offshore Brazil from Petrobras.The company expects that the procedures for the assignment of 30% interest to PetroRio will be completed in the upcoming days…
Dutch offshore lifting equipment company KenzFigee has secured a five-year deal to provide lifting services for Dana Petroleum North Sea FPSOs.Under the contract, KenzFigee will provide its services on Dana Petroleum's ‘Triton’ and ‘Western Isles’ FPSOs…
Shell, Mitsubishi Heavy Industries (MHI), Vattenfall, and municipal company Wärme Hamburg are planning to jointly produce hydrogen from wind and solar power at the Hamburg-Moorburg power plant site and utilize it in its vicinity. In addition…
Norwegian drone company Nordic Unmanned has signed a contract with energy giant Equinor to conduct a study on how Remotely Piloted Aircraft Systems (RPAS) could be used in offshore airspace between installations and vessels, in search and rescue (SAR) operations…
Construction work on the Nord Stream 2 gas pipeline could be stopped for an indefinite period in German waters but opponents still need to give detailed reasons to justify the halt, Germany's federal maritime regulator BSH said on Thursday.Two…
Australia’s Woodside Energy sees the liquefied natural gas (LNG) market tightening this year, with demand growing especially in Asia, after prices were battered by a supply glut in 2020, its chief executive said on Thursday.LNG supply in 2021 will be partly tighter as Woodside…
The Biden administration has temporarily suspended oil and gas leasing and permitting on federal lands and waters while it evaluates the legal and policy implications of the program, according to a Department of Interior memo.The move appears…
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