An idled oil storage facility off Venezuela's eastern coast is in 'satisfactory' condition, an official with state company Petroleos de Venezuela said, after a series of incidents in recent months raised concerns about environmental hazards…
Oil and gas company Spirit Energy has been awarded six new licenses in the UK North Sea as part of the UK's 32nd Offshore Licensing Round.Spirit was handed operatorship in three of the licenses; Medusa, Bucephalus and Cavendish N extension, and partnership in the remaining three…
Australian oil and gas company Kato Energy has filed an offshore project proposal for the development of the Amulet field - and possibly the Talisman field - on the North West Shelf, offshore of mainland Western Australia (WA).The field, located 132 km north of Dampier…
Dutch crane specialist Huisman has lifted the first batch of offshore wind monopiles with its 2,600mt Skyhook quayside crane at its facility in China. The monopiles with a length of approximately 100m have a weight of approx. 1,700mt excluding rigging…
Brazilian oil company Petrobras has extended contracts with offshore services company Subsea 7 for three pipelay support vessels (PLSVs) operating offshore Brazil. Subsea 7 said Friday that the extensions of long-term contracts had a combined value of about $155 million…
Offshore accommodation specialist Prosafe has agreed with Shell to defer and amend the charter deal for its DP3 Safe Zephyrus semi-submersible accommodation rig.The flotel company has been hit hard by COVID-19 related cancellations and contract delays in the past months…
Malaysia's SapuraOMV Upstream on Thursday announced stable production from its Bakong gas field project under the SK408 Production Sharing Contract (PSC), offshore Malaysia.'The production phase started in June 2020. This follows the successful…
UK-based oil and gas company has won three offshore licenses as part of the UK's 32nd Offshore Licensing Round. The round offered for award 113 license areas over 259 blocks or part-blocks to 65 companies.Premier Oil said that the blocks awarded were near its operated assets…
The UK government said Thursday it would review its policy on the future UK offshore oil and gas licensing regime as part of the wider aim of the country towards achieving net-zero emissions by 2050.'The review will ensure the Government has…
Venezuela's state-run PDVSA and Eni are looking at options to safely offload crude from a floating storage facility on Venezuela's eastern coast that has remained idle for over a year due to U.S. sanctions, according to sources close to the discussions and a statement from the Italian oil company…
Norway's $1.2 trillion wealth fund will ask the companies in its portfolio that emit the most carbon dioxide (CO2) for more detailed climate-related data in order to understand the risk posed to its investments, a top official said.The world's largest sovereign fund…
Oil and gas company Wintershall Dea has completed the installation of the risers for the Nova field development in the Norwegian North Sea, with development drilling set to follow.The Nova field is being developed as a subsea tie-back, connecting two templates to Neptune Energy's Gjøa platform…
Ocean Kinetics has completed the lifting of the pontoons of the Buchan Alpha platform as part of the decommissioning program of the platform that ceased production in 2017.After some 36 years in production in the North Sea, and almost 150mm barrels of oil…
Mexican national oil company Pemex and Hokchi Energy have begun the first stage of unitization negotiations over a possible offshore shared reservoir in the southern Gulf of Mexico, Mexico's energy ministry told Reuters on Wednesday.The ministry said Pemex…
U.S.-based offshore vessel owner Harvey Gulf said Wednesday it completed an upgrade of its platform supply vessel Harvey Energy, making it the first 'tri-fuel' PSV in the U.S.Harvey completed the installation of a Wartsila battery-power system…