As oil and gas companies began shutting offshore production before the first tropical storm of the season in the U.S. Gulf of Mexico, experts said restarting wells and refineries will take longer and prove more costly this year because of COVID-19…
Norwegian oil and gas investment, a key economic driver, is expected to decline sharply in 2021 after rising less than previously anticipated this year, an industry survey by the national statistics agency (SSB) showed on Thursday.The biggest…
Offshore installation firm Allseas has started pipelaying operations at the Lingshui 17-2 gas field in the South China Sea using two of its vessels Audacia and Calamity Jane. It is interesting to note that, while the company has over the years conducted work around the globe…
Offshore wind farm installation firm Swire Blue Ocean (SBO) has said that its Pacific Osprey jack-up is officially returning to operations with an extended crane boom designed to install the latest generation of wind turbines. 'With this upgrade…
Mozambique's National Petroleum Institute expects Exxon Mobil's final investment decision on a $30 billion gas project in the north of the country in 2021, it said on Wednesday, though the U.S. company dismissed this as speculation.'The final…
Russian oil and gas companies Gazprom and RusGazDobycha have reached a final investment decision for the development of the Semakovskoye gas field in the Taz Bay in Yamal-Nenets Autonomous Area.The field, which is located in the waters of Taz Bay and partly on land in the Taz Peninsula…
French oil and gas major Total will buy a 51% stake in SSE Renewables' giant Seagreen 1 offshore wind farm project for an upfront payment at closing of 70 million pounds and earn-outs up to 60 million pounds in aggregate subject to performance conditions…
Offshore installation firm Subsea 7 has clinched a major contract with SSE Renewables for the engineering, procurement, construction and installation (EPCI) of the foundations and inter-array cables for the Seagreen Offshore Wind Farm project…
Malaysian energy and offshore services company Sapura Energy has revealed it has recently secured a batch of contracts across Southeast Asia worth RM766 million ($179,6 million) in total.The contracts are secured by Sapura Energy's subsidiaries…
Spanish utility Iberdrola said on Wednesday it will invest up to 4 billion euros ($4.5 billion) over the next four years in France to develop renewable energy.Iberdrola said it is already investing 2.4 billion euros in the Saint-Brieuc offshore…
Singapore-based oil and gas company KrisEnergy has suspended production from its Wassana oil field in the Gulf of Thailand citing Covid-19 pandemic and low oil prices. It will cut its Thailand workforce by 25 percent, too.'In view of the many…
Offshore installation, construction, and decommissioning company Allseas is planning workforce cuts due to a bleak outlook for offshore projects in the wake of low oil prices and COVID-19 pandemic.In a statement sent to Offshore Engineer, Allseas…
Offshore drilling contractor COSL Drilling Europe has signed a Master Framework Agreement with Equinor for the use of COSL's drilling rigs on the Norwegian Continental Shelf.The drilling company said the deal 'fully enables COSL to provide additional drilling units and services to Equinor…
Italian industrial giants, energy firm Eni and shipbuilding group Fincantieri have signed a Memorandum of Understanding (MoU) to explore innovative initiatives in the field of decarbonization and circular economy, including offshore renewable technologies…
Norwegian energy company Equinor has officially named its wind project off the coast of New England, USA. The name is Beacon Wind.'Beacon conveys a sense of hope and guidance, qualities that we value very highly at Equinor, especially now,” said Siri Espedal Kindem…