Russian oil company Lukoil has agreed to acquire a 50% operator stake in the Area 4 project offshore Mexico.The transaction value is $435 million-plus expenditures incurred in 2021 as of the transaction completion date. The completion of the transaction is subject to certain conditions…
Norwegian group Crown LNG has signed a deal with Aker Solutions as the main contractor to deliver a concrete gravity-based structure (GBS) for Crown’s offshore LNG terminal at Kakinada, India.Under the agreement, Aker Solutions and key subcontractors…
Malaysian FPSO provider Yinson has secured a contract extension for the PTSC Lam Son FPSO in Vietnam with Vietnam's PTSC AP.The 243 meters long Lam Son FPSO, able to produce 15,000-20,000 barrels of oil per day (bopd), with a storage capacity of up to 650…
Turkey will carry on exploring for oil and gas in the eastern Mediterranean, Turkish President Tayyip Erdogan said on Friday in comments that may revive tensions with the European Union and Greece amid attempts to repair their frayed ties.Turkey…
Triumph Subsea Services said Thursday it had formally canceled the Letter of Intent that was issued to Infrastrata in December 2020, for the construction of an offshore wind development vessel and said it didn't want to build any vessels with InfraStrata and or any of its shipyards…
Oil and gas company Tailwind Energy said Thursday it had completed the sale of its Conwy field, offshore the UK, to the Italian oil giant Eni.The firm said it had wrapped up the full divestment of its interests in the Conwy field, including…
Norwegian oilfield equipment and technology provider Aker Solutions has said its subsea compression tech has been selected for Chevron's Jansz-Io Compression Project, offshore Western Australia.'Aker Solutions remains in ongoing discussions with Chevron to finalize the contract…
Norwegian oil firm Equinor and its partners have secured regulatory consent to start up facilities and modifications associated with the Troll Phase 3 project in the North Sea offshore Norway.The project is a further development of the Troll field and will produce the gas from Troll Vest…
The United States must speed up project permits if it is to meet the Biden administration's 2030 target for offshore wind power, major developer Orsted said on Thursday.The United States, with just two small offshore wind facilities, has lagged…
Oil and gas companies Jadestone Energy and OMV New Zealand have given themselves more time to complete the transaction related to the Maari offshore field in New Zealand.Singapore-based Jadestone in November 2019 agreed to buy OMV's 69% operated interest in the Maari Project for $50 million…
Northern Ireland-based decommissioning specialist Decom Engineering has said it has developed tools that can make decommissioning in the energy sector greener, faster and safer, and is also looking at business opportunities in the offshore wind sector…
Both chambers of Nigeria's parliament have passed a bill that overhauls nearly every aspect of the country's oil and gas production, putting a project that has been in the works for two decades one step closer to presidential sign-off.Legislators…
The Norwegian oil and gas company OKEA has awarded a 'sizeable' contract to Subsea Integration Alliance, a Subsea 7 - OneSubsea partnership, for the Hasselmus gas field development offshore Norway, Subsea 7 said. Subsea 7 defines a sizeable…
The U.S. government will conduct an environmental review of a potential wind power project off the coast of Virginia, the Biden administration said on Thursday, part of an effort to create tens of thousands of jobs in the business by 2030.Dominion…
Oil and gas major Chevron as the operator of the Gorgon gas project has, with its partners, agreed to proceed with the Jansz-Io Compression (J-IC) project, offshore W. Australia. The investment is estimated at around $4 billion (AU$6 billion)…
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