Neptune Energy last week made a hydrocarbon discovery at its Dugong well in the Norwegian sector of the North Sea.The company at the time said the results were preliminary and that a decision might be made to drill a side-track to further define the extent of the discovery…
Brazil's Petrobras has said it has signed an agreement to sell its entire stake in three offshore oil fields in Potiguar Basin to Ouro Preto for $1.5 million.The fields in question are the Pescada, Arabaiana, and Dentão fields located in shallow waters of the Potiguar Basin (Pescada Cluster)…
The UK Chancellor of the Exchequer Rishi Sunak has announced a new Job Retention Bonus scheme to encourage firms to keep on workers furloughed due to the COVID-19 impact on the economy.The UK government will introduce a one-off payment of £1…
Oilfield services giants Halliburton and TechnipFMC have jointly introduced Odassea, described as the first distributed acoustic sensing solution for subsea wells. The technology platform enables operators to execute intervention-less seismic…
Two energy industry veterans plan to launch an investment fund focused on hydrogen this year as more and more governments include the niche fuel in their global warming battle plans.Hydrogen has long-been touted as a potential clean fuel as…
German renewables giant RWE has selected a GE Renewables/Sembcorp Marine JV as the supplier for high voltage direct current (HVDC) electrical transmission system for the 1.4 gigawatt (GW) Sofia Offshore Wind Farm, off the UK.The wind farm will be located on Dogger Bank…
Aker BP has received consent to use the Maersk Invincible jack-up rig to drill a pilot hole on the Hod field, offshore Norway.The consent for the use of the Maersk Drilling-owned jack-up was granted this week by the Petroleum Safety Authority Norway…
Dutch geotechnical services firm Fugro has mobilized two additional vessels off the coast of New Jersey to support its ongoing site characterization work for Atlantic Shores Offshore Wind.Atlantic Shores Offshore Wind is a joint venture between Shell and EDF working to develop a 183…
Malaysian FPSO specialist Yinson has welcomed another Japanese investor to its Marlim 2 FPSO project. Yinson is building the Anna Nery FPSO (conversion from Falcon VLCC) to be deployed at Petrobras Marlim II project offshore Rio de Janeiro, under a 25-year lease contract…
French oil major Total has secured $15.8 billion in funding for its massive liquefied natural gas (LNG) project in northern Mozambique, according to South African lender FirstRand's local unit, FNB Mozambique. Total declined to comment.In a press release published on Wednesday…
Mexico's state oil company Pemex and a private consortium led by U.S.-based Talos Energy Inc have been instructed to come to an agreement detailing how they will jointly develop a large offshore oil find, the energy ministry said on Wednesday…
Japan will craft new rules and support infrastructure in a drive that aims to build offshore wind farms at 30 sites during the next decade, the Nikkei business daily said on Thursday.Industry Minister Hiroshi Kajiyama is expected to announce policy measures soon to target the goal…
Norway-based energy intelligence firm Rystad Energy said Tuesday it didn't expect any new FPSO orders this year, however, it expects the situation will improve next year when it foresees seven new FPSO to be ordered.'Hit by the second industry downturn in five years…
Vietnam's state oil firm PetroVietnam is seeking to venture into renewable energy sources like wind farms and floating solar panels, as domestic crude oil production has peaked at most of its offshore oil fields.The company, formally known as Vietnam Oil and Gas Group…
Petrobras is preparing to launch a tender to build Brazil's largest-ever oil platform, according to two people with knowledge of the matter, as the state-controlled oil firm pushes ahead with ambitious plans to boost deepwater production.Petroleo Brasileiro SA…