UK-based oil firm Serica Energy has suspended the production from its Triton floating production, storage, and offloading (FPSO) unit in the North Sea after identifying an issue with one of the compressors seals, prompting the company to further reduce its full-year production outlook…
Woodside has signed a revised lump sum turnkey engineering, procurement and construction (EPC) contract with Bechtel for the three train 16.5 million tonnes per annum foundation development of Louisiana LNG.Bechtel has worked on site before Woodside’s $1…
The U.S. plans to issue a study on the environmental and economic effects of liquefied natural gas (LNG) exports by the middle of this month, a Department of Energy official said on Wednesday.'We expect to release the final study ... by mid-December for a 60-day public comment period…
The oilfield service sector is poised for more consolidation in 2025, according to Deloitte's 2025 Oil and Gas Industry Outlook, with President-elect Donald Trump expected loosen regulations on the U.S. oil and gas industry.The uptick in deals…
Consulting and engineering firm Wood has signed three major agreements with BP to provide engineering and project delivery services for its capital onshore and offshore projects worldwide.The contracts cover a new master services agreement (MSA) for Engineering…
Equinor UK, a subsidiary of Equinor and Shell UK, a subsidiary of Shell, have agreed to combine their UK offshore oil and gas assets to form a new company which will be the UK North Sea’s biggest independent producer.The incorporated joint venture…
Scientists from the University of Plymouth, Heriot-Watt University and the Marine Biological Association are leading a new project exploring the consequences of floating offshore wind farms on ocean life.The FRONTLINE project will employ AUVs…
Russia and Pakistan discussed cooperation on oil and gas offshore exploration and refining at intergovernmental meetings this week in Moscow, the Interfax news agency reported, citing Russia's deputy energy minister.Talks also covered the prospect…
Shell is stepping back from new offshore wind investments and is splitting its power division following an extensive review of the business that was once seen as a key driver of the company's energy transition strategy.The changes are part of…
Equinor has started oil and gas production at Smørbukk North, a satellite to the Åsgard field in the Norwegian Sea.The Smørbukk North has been developed as a subsea tie-in to the Åsgard field, utilizing its already existing infrastructure.According to Equinor…
Equinor has appointed Jens Økland as acting Executive Vice President (EVP) for Renewables, as Pål Eitrheim steps down from the position.Økland will assume his new role from December 6, 2024. He has more than 30 years of experience in Equinor…
Equinor has exercised a three-year option for AKOFS Offshore’s well intervention vessel AKOFS Seafarer.The option period is estimated to start in late fourth quarter of 2025, after the vessel has completed its customary Special Periodic Survey…
FTAI Aviation, part of Fortress Transportation and Infrastructure Investors, has sold two of its remaining offshore energy vessels for approximately $143 million.FTAI Aviation sold the Pioneer DP2 subsea support vessel and the Pride DP3 offshore well intervention vessel to an unnamed customer…
Brazilian prosecutors asked state-run oil firm Petrobras to do more studies before drilling off the coast of the Amazon rainforest, citing potential effects of extreme weather on tides, according to documents filed on Monday to environmental agency Ibama…
U.S. oil major Exxon Mobil and partners are continuing to negotiate with Guyana's government on the terms for developing a shallow-water oil block, an Exxon spokesperson said on Monday.Exxon, Hess and CNOOC won offshore block S8 in a bidding…