Norway's $1.3 trillion wealth fund, the world's largest, should reduce the size of its global company reference index by between 25% and 30% to better follow up companies, primarily by removing small-cap stocks, the finance ministry proposed on Friday…
Dutch offshore services contractor Boskalis has served the Malaysian offshore construction firm Malaysia Marine Heavy Engineering (MMHE) with an arbitration notice over alleged cost overruns related to the Bokor platform project, in Malaysia…
Australian oil and gas company Emperor Energy has acquired from CGG a license to recently acquired 3D seismic data covering its Judith gas field located within the Vic/P47 Permit in the offshore Gippsland Basin, Victoria, Australia.According to Emperor Energy…
Acta Marine has this week completed its three-year maintenance campaign for Ocean Breeze on the Bard Offshore 1 wind farm, the first commercial offshore wind farm in Germany.Acta Marine's Acta Auriga walk-to-work support vessel - which offers…
A floating facility off the Venezuelan coast has finished offloading crude stored in it for the past two years due to U.S. sanctions, paving the way for output to resume in an oilfield, an official of the facility's operator said on Thursday…
Brazilian oil company Enauta has received regulatory approval to take full ownership of the Atlanta offshore oil field in Brazil, following the decision by its partner Barra Energia to exit the field located in the Santos Basin.Enauta said that…
China’s offshore oil and gas major CNOOC Ltd has put out a fire at a production platform in Bohai Bay and is focusing its efforts on searching for three people who went missing, the firm said on Friday.In a filing to the Hong Kong stock exchange…
Marine seismic data company ION Geophysical has said it has secured an exclusive agreement for 3D multi-client programs offshore Kenya, an underexplored province that has yet to produce its first offshore oil. The agreement includes both 3D…
Danish offshore drilling company Maersk Drilling on Thursday confirmed a long-term contract with Tullow Oil for its Maersk Venturer drillship off Ghana.The firm contract following the previously agreed conditional letter of award, and includes…
Oil major Shell has awarded an offshore drilling contract to Malaysian drilling company Velesto, for operations offshore Malaysia.Velesto will, for Shell's subsidiaries Sabah Shell Petroleum (based in Miri, Malaysia) and Sarawk Shell (in Kota Kinabalu…
The Polish Energy Regulatory Office has awarded a Contract for Difference to the Baltica 3 and Baltica 2 offshore wind farms with a total capacity of up to 2.5 GW, Danish offshore wind developer Ørsted said Wednesday evening.'Baltica 3 and 2…
Norwegian offshore vessel operator Solstad Offshore said Thursday it has won a two-year charter for one of its platform supply vessels in Brazil.The vessel, Normand Starling, will support Shell's activities in the Brazilian waters.The two-year contract is firm for two years…
Oilfield and drilling services provider Archer has won a long-term frame agreement with ConocoPhillips for work offshore Norway.Under the five-year agreement, Archer will provide wireline services on the Norwegian Continental Shelf.Also, Archer…
UK-based Ithaca Energy, the operator of the Captain field located on the edge of the outer Moray Firth, UK, has sanctioned Captain Enhanced Oil Recovery (EOR) Stage 2 project.The sanction of the project in the UK Central North Sea comes after…
Egyptian oil and gas company Petrobel, a joint venture between EGPC and Eni, has awarded a two-year contract to marine engineering consultancy LOC for the provision of marine warranty services to support Petrobel’s offshore assets.LOC, part of AqualisBraemar LOC Group…
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