Danish energy firm Orsted's shock decision to cancel two offshore wind farms off New Jersey this week was based in large part on big delays securing the ship it needed to build the project, company officials said.The world's biggest offshore wind…
Murphy Oil Corp expects the first oil from the Lac Da Vang field in Block 15-1/05 in the Cuu Long Basin, offshore Vietnam, in 2026, the U.S. company said.The firm's board of directors have sanctioned the development of the project, where the company holds a 40% working interest…
Global oil benchmark Brent hit $93 a barrel on Wednesday as the risk of escalating conflict in the Middle East threatened to disrupt oil supplies from the region, with Iran calling for an oil embargo to be imposed on Israel.Brent crude futures was up $2…
ABS issued an approval in principle (AIP) to ECO TLP and MOCEAN-Offshore BV for a floating offshore wind turbine support structure.The unique design from ECO TLP utilizes slip-formed cylindrical concrete hulls and gravity anchors, which, when combined with a tension-leg mooring system…
Kuwait's oil minister announced a new strategy to boost fossil fuel production on Monday and said his country would prepare the infrastructure for the Durra gas field, which it shares with Saudi Arabia and Iran claims a stake in.The strategy…
After several short-term charter extensions, the Norwegian FPSO leasing firm BW Offshore has closed the transaction for the sale of the Abo FPSO.BW Offshore will sell the FPSO to STAC Marine Offshore Limited, a member of the Nigerian Transport Group (STAC) for $20 million…
Malaysia's Petroliam Nasional Berhad (Petronas) will focus on bolstering its capital position to deal with increasing volatility in the energy market and 'restrictive' access to financing, the state oil firm's chief executive said on Wednesday…
Oslo-listed FPSO leasing firm BW Offshore has signed another short-term extension for one of its FPSOs in Nigeria, with the end goal of selling the unit.The company said Monday it had signed a short-term extension for Abo FPSO with Nigerian Agip Exploration Ltd…
Iran's foreign minister has invited his Kuwaiti counterpart to Tehran, Kuwait said on Thursday, as tensions simmer over the offshore Durra gas field.Saudi Arabia and Kuwait claim exclusive joint rights to the field while Iran also claims a stake and says a Saudi-Kuwaiti agreement to develop it…
Canadian oil firm Hibernia Management and Development Company Ltd. (HMDC) will pay $400,000 for a 2019 offshore oil spill, the Canada-Newfoundland and Labrador Offshore Petroleum Board said Tuesday.According to C-NLOPB, HMDC has pled guilty…
An incident happened last week that saw a 1.8-kilogram piece of timber fall 15 meters to the deck of an offshore support vessel during lifting operations at HMDC's Hibernia Platform, offshore Canada, in the Atlantic Ocean.Hibernia Management and Development Company Ltd…
FPSO leasing company BW Offshore has signed a short-term extension for its Abo FPSO.The extension was signed with Nigerian Agip Exploration Ltd, a subsidiary of the Italian oil firm Eni, and runs until August 14, 2023.BW Offshore has been in talks to divest the FPSO…
Offshore drilling firm Noble Corporation said Tuesday that Shell's Malaysian subsidiaries Sarawak Shell Berhad and Sabah Shell Petroleum Co Ltd (SSB/SSPC) had exercised three one-well options on the current Noble Viking drillship contract in Malaysia…
BW Offshore has today closed the transaction for the sale of the FPSO Sendje Berge in Nigeria to 'a local FPSO owner and operator' for $15 million. Following the transaction, the buyer has assumed responsibility for the operations of the FPSO Sendje Berge…
Sarawak Energy aims to install at least 400 megawatts (MW) of floating solar power capacity at its dams by 2030 as the Malaysian utility expands to meet rising demand for renewables from neighboring countries, its group chief executive said…
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