Latest News - page 73


Australia's Woodside Buys US LNG Developer Tellurian for $1.2B

Jul 22, 2024

Australian oil and gas company Woodside Energy has entered into definitive agreement to buy U.S. liquefied natural gas (LNG) developer Tellurian, including its owned and operated US Gulf Coast Driftwood LNG development opportunity, for a total of $1…

Esgian Week 29 Report: New Drilling Plans in Guyana and Norway

Jul 21, 2024

Esgian provides an update on new drilling plans in Guyana and Norway in its Week 29 Rig Analytics Market Roundup.Report SummaryContractsADES has secured a 10-year contract extension for 250-ft jackup Admarine 657 offshore Saudi Arabia, commencing…

Chinese Wind Turbine-makers Move into Europe as Trade Tensions Flare

Jul 19, 2024

Chinese wind turbine-makers this month clinched their first order in Germany, as they build momentum in the European market and add to concern in the EU industry that it faces an existential threat.Tensions are high between Beijing and Brussels…

SLB Beats Quarterly Profit Estimates on International Drilling Demand

Jul 19, 2024

SLB beat analysts' estimates for second-quarter profit on Friday, as the top oilfield services provider benefited from steady demand for its drilling equipment and technology in international markets.Offshore exploration and production as well as drilling in international markets…

India’s ONGC Buys Stake in Caspian Sea Oil Assets from Equinor for $60M

Jul 19, 2024

India’s Oil and Natural Gas Corporation Limited (ONGC) Videsh has signed a definitive $60 million sale and purchase agreement (SPA) with Equinor to increase its stake in the offshore Azeri Chirag Gunashli (ACG) oil field and associated pipeline in Azerbaijan…

ExxonMobil Selling Malaysia Oil and Gas Assets to Petronas

Jul 19, 2024

Exxon Mobil has agreed to sell its Malaysian oil and gas assets to state energy firm Petronas, exiting the country's upstream sector where it used to be a dominant producer, two sources with direct knowledge of the matter said.The U.S. major…

J+S Subsea Delivers Control Systems for Canadian Oil and Gas Project

Jul 19, 2024

Subsea controls specialist J+S Subsea has completed its first project in Canada, which involved the supply of three subsea battery-powered control systems to maintain integrity of the subsea electrical infrastructure at an offshore oil and gas field…

DOF Group Wins Multiple Deals with Petrobras in Brazil

Jul 19, 2024

Norwegian offshore supply vessel company DOF Group has secured multiple contracts with Petrobras for work offshore Brazil.AHTS Skandi Jupiter and AHTS Skandi Mercury, both under management contracts with DOF, have been contracted by Petrobras…

Noble Corporation Plans Delisting from Danish NASDAQ

Jul 19, 2024

Offshore drilling contractor Noble Corporation has set out plans to voluntarily delist from NASDAQ Copenhagen, as the listing no longer justifies the associated costs.Noble said it will remain traded on the New York Stock Exchange (NYSE), as its primary listing exchange…

Diamond Offshore Inks $89M Drillship Deal

Jul 19, 2024

U.S.-based offshore drilling company Diamond Offshore has signed a contract with BOE Exploration & Production for its Ocean BlackRhino drillship, set for work in the U.S. Gulf of Mexico.The Ocean BlackRhino was awarded a contract with a minimum…

TechnipFMC Secures Subsea Job for Energean’s Development in the Mediterranean

Jul 19, 2024

TechnipFMC has secured a ‘large’ integrated Engineering, Procurement, Construction, and Installation (iEPCI) contract by oil and gas company Energean for its Katlan development in the Mediterranean Sea.This is Energean’s first project to use TechnipFMC’s configure-to-order Subsea 2…

RWE Secures Offshore Wind Site in Australia

Jul 18, 2024

RWE has been granted a feasibility licence from the Australian Government for the development of an offshore wind farm close to the Kent Group islands in the Bass Strait, off the Gippsland coast in the state of Victoria. This area is Australia’s first designated offshore wind zone…

Vineyard Wind Incident Not First Time a GE Vernova Turbine Came Apart

Jul 18, 2024

An incident at the Vineyard Wind offshore wind energy project this week that scattered shards of fiberglass across Massachusetts beaches was the latest in a series of failures involving wind turbines built by GE Vernova.At least one other GE Vernova offshore wind turbine came apart this year…

Canada's Tenaz Energy to Buy Dutch NAM's Offshore Assets

Jul 18, 2024

Canada's Tenaz Energy on Thursday said it had entered into an agreement with NAM, a joint venture between Shell, ExxonMobil and the Dutch government, to acquire all issued and outstanding shares of NAM Offshore B.V. for 165 million euros($180…

Vineyard Wind Warns of More Debris from Wind Turbine

Jul 18, 2024

Vineyard Wind on Thursday warned that more debris from a broken offshore wind turbine could wash ashore along the Massachusetts coast after a large remaining portion of the damaged blade fell into the ocean.Vessel crews are working to remove the debris…

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