Oil major Chevron and the government of Equatorial Guinea have signed a production-sharing agreement for an offshore block in the Douala Basin, oil minister Gabriel Mbaga Obiang Lima said on Thursday.The agreement grants Chevron 80% ownership over block EG-09…
Technip Energies said Thursday it had received the acceptance of its basis of the design of its INO12TM floating offshore wind concept from classification society DNV.The company said that DNV's acceptance marked important progress towards the…
Uncrewed surface vessel specialist SEA-KIT International has announced plans to build another of its X-class, 12m USVs as a fleet vessel for launch in 2022. This build, the sixth X-class to be constructed at the company’s Essex base, will pave…
Climate activists, including a former oil refinery worker, accused the UK government in the high court on Wednesday of illegally subsidizing fossil fuel producers through tax incentives which undermine its climate goals.Climate activists are…
UK-based offshore vessel owner North Star Group has won another service operations vessel (SOV) contract at the Dogger Bank wind farm, this time for the third phase.North Star Group said Thursday it had secured a long-term charter worth about £90 million ($118…
Offshore drilling company Valaris has appointed Anton Dibowitz as President and Chief Executive Officer.Dibowitz, a former Seadrill CEO, has been serving as interim President and Chief Executive Officer of Valaris since September 3, 2021, after the previous CEO Tom Burke stepped down…
Oslo-based subsea well intervention and installation services company AKOFS Offshore has signed a three-year contract with Brazil's Petrobras for its vessel Skandi Santos.Under the contract, the Skandi Santos will perform a broad scope of subsea services in Brazil…
U.S. oil and gas producer ConocoPhillips will quit Indonesia, selling its assets there for $1.355 billion to domestic energy company Medco Energi Internasional, and beef up in Australia as it continues to reshape.The deals follow ConocoPhillips move to double down on U…
The Zhong Neng offshore wind project in Taiwan has reached financial close, Copenhagen Offshore Partners said Wednesday.The process for reaching financial close on the Zhong Neng project started 14 months ago and the large-scale offshore wind project will now be financed through CI IV…
Just a few days after South Korea's shipbuilder Samsung Heavy Industries said it had found a potential buyer for a drillship originally ordered in 2014, without revealing the buyer's name, drilling firm Stena Drilling confirmed the deal on Tuesday…
Romanian OMV Petrom could postpone a final investment decision over its Black Sea deep water gas project until 2023 if lawmakers do not amend an offshore law by the end of this year as agreed, its chief executive said on Wednesday.OMV Petrom…
Believe it or not, the UK’s oil and gas industry is the nation’s best bet for building a green and low-carbon future – and that includes opening new oil fields like Cambo, writes Katy Heidenreich, operations director at Oil & Gas UK (OGUK) which represents the UK offshore industry…
Abu Dhabi National Oil Company (ADNOC) has awarded Technip Energies a contract to update the Front-End Engineering Design (FEED) for the Ghasha mega project including accelerating the integration of carbon capture into the development.This project…
The German government, to be sworn in on Wednesday, has presented plans to step up climate protection efforts entailing far-reaching reforms for the utility sector and across manufacturing industries, buildings, transport, and agriculture.The targets are radical…
Norwegian offshore vessel owner Solstad Offshore has secured long-term contracts with Santos for two of its offshore vessels in Australia.The AHTS Far Senator and PSV Far Seeker have been awarded a contract by Santos in support of its drilling activities…