Oslo-listed oil and gas company BW Energy, responding to press speculation, said Monday it had not made any formal decision to buy any of Brazil-based Petrobras' assets.BW Energy said it had noted the press speculation regarding the possibility of BW Energy acquiring the Golfinho field in Brazil…
Norwegian oil firm Equinor has exercised one additional well to be added to Odfjell Drilling Deepsea Stavanger rig's drilling contract.The well has been exercised under the Continued Optionality mechanism in the contract entered into between the parties in May 2020…
Mott MacDonald has been appointed by Hai Long offshore wind farm project as one of its owner’s engineers.The Hai Long project, currently in the development phase, is a 1GW wind farm located 50-70 km from the shore. Hai Long has three separate grid allocations…
Norwegian oil and gas company Aker BP has filed a development plan for the Frosk offshore field to the Norwegian Ministry of Petroleum and Energy.The Frosk field, found in 2019, is situated some 25 kilometers southwest of the Alvheim FPSO in the North Sea…
Norwegian firm Ocean Installer, best known for its subsea installation services in the oil and gas sector, in December 2020 changed its name to Havfram - Ocean Forward in Norwegian - saying the name change reflected the company's growing commitment to offshore wind…
Asia needs to adopt a carbon pricing mechanism to help accelerate its transition towards lower emissions, a senior company official at oil major BP said on Monday.'A well-designed carbon pricing framework that is able to prevent carbon leakage…
Top African oil exporters Nigeria and Angola will struggle to boost output to their OPEC quota levels until at least next year as underinvestment and nagging maintenance problems continue to hobble output, sources at their respective oil firms warn…
Offshore wind turbine maker Siemens Gamesa has secured an extension of the original contract term for servicing the 714 MW East Anglia ONE wind farm in the UK.Siemens Gamesa said the contract, among the biggest in Siemens Gamesa’s Service business unit’s history…
U.S. energy firms this week added oil and natural gas rigs for a 14th month in a row as more offshore units in the Gulf of Mexico returned to service after shutting when Hurricane Ida slammed into the coast in late August.This week, 3 offshore rigs returned in the Gulf of Mexico…
China's state-run offshore oil and gas major CNOOC Ltd said it plans to raise up to 35 billion yuan ($5.41 billion) in a new share issue on the Shanghai stock exchange to fund several key oil and gas projects.The domestic fund-raising plan came as U…
Danish offshore vessel owner Esvagt said Monday that the Spanish oil firm Repsol had extended the contract for the Esvagt Corona standby/rescue vessel for an additional 18 months.The contract for standby services at Repsol's Yme field in the Norwegian North Sea now runs until the spring of 2023…
Italian oil giant Eni has kicked off production from Cabaça North deepwater oil field located in Block 15/06 offshore Angola.The field has been developed as a tie-back to the Armada Olombendo FPSO.The Cabaça North development, with an expected peak production rate in the range of 15 kbopd…
A federal judge in Washington, D.C., is allowing Louisiana to intervene in a lawsuit challenging an upcoming drilling lease auction, giving the staunch proponent of the federal oil and gas leasing program another chance to defend it in court…
FPSO supplier BW Offshore has received regulatory approvals for the Joint Venture Partnership consisting of BW Offshore Limited, ICMK Offshore Investment Pte Ltd, and Macquarie Bank Limited for the Barossa FPSO project.As previously informed…
Dutch FPSO provider SBM Offshore has secured a US$635 million bridge loan facility for the financing of the construction of FPSO Almirante Tamandaré, one of the world's largest FPSOs.SBM Offshore said Friday that it had secured the loan by the…
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