Belgian offshore installation firm DEME Offshore said Thursday it had installed the first offshore wind substation in France, at the Saint-Nazaire offshore wind farm site. The installation of the 2,100-ton substation was carried out by Allseas' giant Pioneering Spirit vessel…
Guyana and Suriname expect continued exploratory drilling over the next two years by oil majors in their joint offshore basin after a string of recent discoveries, government officials and corporate executives said at a conference on Wednesday…
UK-based oil and gas firm Jersey Oil & Gas has decided to let two North Sea licenses expire as they're not part of the company's Greater Buchan Area hub project.The licenses in question are P2497 Block 20/4c (Zermatt) and P2499 Block 21/2a (Glenn)…
READ Cased Hole, a provider of cased hole logging services and technologies to the global oil and gas industry, has appointed Kevin Giles as its new Managing Director.Prior to this role, Giles spent the last 3 years as READ Cased Hole’s Global Commercial Director…
Dutch offshore survey services firm Fugro has won a contract to carry out geophysical investigations for Germany's Federal Maritime and Hydrographic Agency (Bundesamt für Seeschifffahrt und Hydrographie (BSH)).'The award is in line with the…
UK-based engineering firm Wood said Wednesday it expected continued growth in the carbon capture utilization and storage market, with circa $500M worth of potential CCUS projects coming to market in the medium term.'Wood has strengthened its…
Guyana aims to increase its oil royalties and revamp other contract terms as part of a new profit-sharing agreement (PSA) for future crude and gas projects now in its draft stage, the South American nation's vice president said on Tuesday.The…
Russian liquefied natural gas producer (LNG) Sakhalin Energy said on Wednesday post-shutdown commissioning was continuing at the second LNG train at its Prigorodnoye production complex.Comprehensive maintenance work, which began on July 9, had been initially due to last around 37 days…
Qatar Petroleum (QP) has set the term price for al-Shaheen crude cargoes loading in October at $2.62 a barrel above Dubai quotes, the lowest premium in two months, several trade sources said on Wednesday.The price was set after QP sold three cargoes via a tender at premiums ranging from $2 to $2…
Shares in BHP Group and Woodside Petroleum fell on Wednesday as investors on both sides raised questions about the value of the Perth-based oil and gas group's proposed $29 billion merger with BHP's petroleum arm.While a 6% fall in BHP's share…
Offshore drilling firm Valaris has secured contracts with Shell Namibia Upstream B.V. and Shell Sao Tome and Principe B.V. offshore Namibia and Sao Tome and Principe, respectively, for its drillship VALARIS DS-10.The contracts for the 2017-delivered offshore rig are each for one well…
Guyana will develop its massive oil and gas discoveries with full environmental protections, a top official told a U.S. energy conference on Tuesday, pushing back against calls for energy providers to halt new exploration.The tiny South American…
Chevron Corp is hoping to play a role in Brazil's pre-salt oil discoveries, the U.S. oil major's Brazil chief said on Tuesday at the Offshore Technology Conference (OTC) in Houston.The 'pre-salt chapter' might be the most important development in Chevron's more than century-long presence in Brazil…
Toronto-listed SNC-Lavalin has completed the closing of the sale of its Resources Oil & Gas business on August 15, following receipt of Saudi Arabian regulatory approval.SNC-Lavalin previously said that it had closed the sale of a substantial portion of its Resources Oil & Gas business on July 29…
INEOS Energy, Wintershall Dea, and a consortium of 29 companies, research institutes, and universities, on Tuesday, signed an agreement to support the next phase of the Greensand pilot project to demonstrate the safe and permanent storage of CO2 in offshore reservoirs in the North Sea…
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