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SBM Offshore Secures $1.5B Financing for FPSO Jaguar

Nov 22, 2024

SBM Offshore has completed the $1.5 billion project financing of the Jaguar floating production, storage, and offloading (FPSO) unit, which will be deployed at ExxonMobil's Whiptail project, located in the Stabroek Block, offshore Guyana.The…

Danos Leaders Recognized in “40 Under 40” Lists

Nov 21, 2024

Danos announced that two of its leaders, Melanie Hill and Scott Theriot, have been named to prestigious “40 Under 40” lists for 2024.Melanie Hill, Danos’ general manager of shale production, was honored in Hart Energy’s Oil and Gas Investor Forty Under 40…

ExxonMobil to Drill for Gas Off Cyprus in January

Nov 21, 2024

ExxonMobil will drill a well off Cyprus in January in its pursuit of natural gas, a senior executive said on Thursday, one of several energy majors focusing on the region as Europe diversifies from Russia.The east Mediterranean has yielded some major gas discoveries in recent years…

Mocean Energy Raising Funds to Advance Wave Energy Tech

Nov 21, 2024

Scottish ocean energy pioneer Mocean Energy has launched a crowdfunding campaign on Crowdcube, Europe’s largest private market investment platform.The campaign, which is now live, aims to finance the next phase of the company’s growth plans as it looks to mature its wave energy technology…

Seadrill’s Drillships Getting Ready to Start Work Off Brazil

Nov 21, 2024

Offshore drilling contractor Seadrill has welcomed West Auriga and West Polaris drillships back to its fleet, which are now entering final preparations ahead of their assignments for Petrobras offshore Brazil.West Polaris and West Auriga are sixth and seventh generation ultra-deepwater drillships…

New Alliance Targets CTV Deliveries for Japanese Offshore Market

Nov 21, 2024

Strategic Marine, Mirai Ships, and Ragnar Energy Solutions have signed a Memorandum of Understanding (MOU) to establish a framework for exclusive newbuild collaborations, aiming to deliver vessels tailored for Japanese offshore markets.The MoU…

TGS Secures OBN Survey in Europe

Nov 21, 2024

Norwegian seismic specialist TGS has secured an ocean bottom node (OBN) contract in Europe.The company's node-on-a-rope crew is scheduled to begin acquisition early April 2025.The contract has a duration of approximately 35 days, TGS said, without revealing any additional details…

DeepOcean Lands Its Largest IMR Contract to Date for Equinor’s Norwegian Assets

Nov 21, 2024

Ocean services provider DeepOcean has secured a long-term subsea inspection, maintenance and repair (IMR) contract from Equinor, its largest contract on record.The eight-year contract will set a new benchmark for digitalized and environmentally friendly IMR operations…

Equinor to Axe 250 Jobs as Part of Renewables Unit Streamlining

Nov 21, 2024

Norway's Equinor is trimming 20% of the staff from its renewable energy division and will compete for a smaller number of new projects as it streamlines the business unit, the company told Reuters on Thursday.The global offshore wind sector…

Netherlands to Enlist Private Firms to Protect North Sea Assets from Russian Sabotage

Nov 21, 2024

The Netherlands plans to temporarily enlist additional personnel and equipment from private companies to strengthen security in its part of the North Sea, the Defence Ministry said on Wednesday, confirming media reports.The decision follows…

ONE Guyana FPSO to Depart for Yellowtail Field Early in 2025

Nov 21, 2024

Guyana's fourth oil floating production storage and offloading (FPSO) facility is expected to depart for the South American country in the first quarter next year, the CEO of U.S. producer Hess, John Hess, said on Wednesday.The firm, which alongside…

Misunderstanding General Average Concepts Could Harm Offshore Operators

Nov 20, 2024

At a recent seminar in London organized by the International Underwriting Association of London (IUA) and the Association of Average Adjusters (AAA), participants heard how ignoring or not fully understanding the concept of General Average (GA)…

US Judge Proposes CITGO Auction Solution

Nov 20, 2024

The U.S. judge overseeing an auction of shares in a Citgo Petroleum parent to pay Venezuela-linked creditors on Wednesday proposed major procedural changes to advance a case stalled by wide opposition and lawsuits by creditors in other courts…

MSE Int'l Wins Funding for Port Recharging Project

Nov 20, 2024

MSE International has won funding from TRIG 2024 to lead a new project, PRIMET; Port Recharging Infrastructure for Maritime Energy Transition.The project will accelerate the roll-out of port and harbor infrastructure needed to support the rapid…

EIA: US Crude, Gasoline Inventories Rise

Nov 20, 2024

U.S. crude oil and gasoline inventories last week rose more than forecast, while distillate stockpiles posted a larger-than-expected draw, the Energy Information Administration said on Wednesday.Crude inventories rose by 545,000 barrels to 430…

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