Crane specialist Palfinger will deliver two wire luffing lattice boom cranes to the largest FPSO vessel ever delivered to Brazil. The FPSO, to be delivered by Japan's Modec, will be deployed at Equinor's Bacalhau field (formerly Carcará), about…
Total is seeking to sell stakes in a number of Angolan oilfields, in what is seen as an early sign of an expected wave of divestments by big energy companies from the West African country, industry sources said.Total could raise around $300…
Rovco, a UK-based provider of ROV and hydrographic services has completed the first stage of its long-term contract awarded by CWind for its annual subsea balance of plant (BOP) and cable inspection works at East Anglia ONE offshore windfarm in the UK…
Privately-owned oil firm Impact Oil & Gas has signed a farm-out agreement with Shell for the 50% working interest and operatorship in the Transkei & Algoa exploration right, offshore South Africa.Transkei & Algoa blocks are located offshore eastern South Africa and cover approximately 45…
British oil major BP is close to selling its central London headquarters for about 250 million pounds [around $324,4 million] as the coronavirus pandemic has forced the company to cut costs, the Financial Times reported on Tuesday.The office…
Australian oil and gas company Santos gas signed a new gas sales agreement to supply natural gas to Western Australian energy solutions provider, Kleenheat.Kleenheat is part of Wesfarmers Chemical, Energy and Fertilisers (WesCEF), a group of businesses that will also utilize the gas…
Offshore wind turbine builder MHI Vestas has delivered the first-ever offshore wind turbine components to Able Seaton Port in Hartlepool, in the UK.The components, including 15 blades produced at the Isle of Wight and finished at Fawley, are…
Under the Trump Administration, Americans have enjoyed the benefits of consecutive increases of record-high oil production from the U.S. Outer Continental Shelf (OCS) for 2018-2019. During this same time period, the Bureau of Safety and Environmental…
UK-based oil firm Independent Oil and Gas has awarded the rig contract for its Core Project Phase 1 in the North Sea to Noble Corporation.The Core Project comprises gas resources across six discovered UK Southern North Sea ('SNS') gas fields…
The United States has assured Italian oil company Eni SpA that efforts to prevent a spill at a floating crude facility in Venezuela would not run afoul of sanctions, the company, and the U.S. State Department said on Monday.Images in recent…
Norwegian offshore vessel company Solstad Offshore has said that Petrobras has extended the contract for the Far Saga construction support vessel.Solstad said Friday the contract had been extended for a period of one year starting on Oct 30th…
UK-based offshore decommissioning specialist Well-Safe Solutions has secured a £26 million (around $33,6 million) investment to fund the next phase of its growth plan, the company said Monday.Well-Safe, which recently bought Seadrill's 1993…
Offshore drilling firm Pacific Drilling and certain of its subsidiaries have filed for Chapter 11 bankruptcy with the aim to eliminate $1.1 billion debt.The company, which had previously filed for Bankruptcy in 2017, said Friday that it and…
Exxon Mobil Corp posted its third straight quarterly loss on Friday and detailed deeper spending cuts to come, as the oil major reels from the COVID-19 pandemic's impact on energy demand and prices.The largest U.S. oil producer by volume said…
Oil and gas company BW Energy has bought two jack-up drilling rigs from Borr Drilling. The company will use a converted rig for the development of the Hibiscus/Ruche satellite field in the Dussafu license offshore Gabon.BW said that using a…