The world’s first 100,000-ton deepwater semi-submersible production and storage platform, which is built to ABS Class, has been launched in China.China National Offshore Oil Corporation (CNOOC) will now begin installation and commissioning on the China-built platform - named “Deep Sea No…
Oil and gas producer Hess Corp on Monday forecast a small drop in output and set a $1.9 billion budget for 2021, most of which will go to Guyana, touted as one of the most important new oil and gas discoveries in the last decade.The company has been relying on its investment in offshore Guyana…
Belgium-based offshore installation firm DEME has installed the first wind turbine at RWE Renewables' 857MW Triton Knoll Offshore Wind Farm in the UK. DEME is responsible for the transportation and installation of the 90 MHI Vestas V164-9.5 MW turbines…
Offshore drilling contractor Stena Drilling has signed a drilling contract for its Stena Don semi-submersible drilling rig with the oilfield services giant Petrofac.Stena Drilling said in a social media post on Monday that the drilling operations were due to start in July…
Oil and gas firm New Age has received formal approval to apply for a new exploitation agreement for its Etinde license offshore Cameroon.This would replace the existing Etinde Exploitation Agreement which came into force by Presidential decree in January 2015…
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…
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