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Transocean Starts Merger Talks Seadrill

Oct 28, 2024

Offshore drilling provider Transocean is in talks to merge with rival Seadrill, Bloomberg News reported on Wednesday, citing people familiar with the matter.The companies are discussing the potential structure of the combination, it said.However…

Birds Fly Safe as Floating Wind Turbine Keeps Spinning Off Norway

Oct 24, 2024

After more than years of continuous monitoring, no collisions between the TetraSpar floating offshore wind turbine and birds have been recorded at the deployment site at the Marine Energy Test Centre (METCentre), off the coast of Norway.Norwegian…

Did You know? Fancy Bear, Cozy Bear, Stately Taurus More Menacing Than They Sound

Oct 24, 2024

What drives cyber attackers and what are their main motives for malicious online activities? Who are the most prominent attackers in the maritime industry and how do they do it?According to the report from Marlink’s Security Operations Center on cyber security threats…

Santos Optimistic About 2024 Output

Oct 16, 2024

Australia's second-largest oil and gas producer Santos estimated its full-year production to be at the top half of its forecast range on Thursday, and said its Pikka project could start oil production as early as 2025.The company expects to…

INEOS Energy Puts New Equipment into Operation to Boost Breagh Gas Flow

Oct 10, 2024

INEOS Energy has brought online the electric-driven compressor at the Teesside Gas Processing Plant, which will boost gas flows from the INEOS-operated Breagh gas field offshore U.K.The new compressor represents a significant investment that…

Equinor Becomes Second Largest Shareholder in Ørsted

Oct 07, 2024

Equinor has acquired a 9.8% stake in Ørsted, becoming the second largest shareholder in the company after the Danish State, which holds a controlling stake.Equinor's ownership position has been built over time, through a combination of market purchases and a block trade…

Petrobras to Reopen Closed Well at Roncador Field Off Brazil

Sep 27, 2024

Brazilian oil giant Petrobras is set to reopen a closed oil well in its large offshore Roncador field in a bid to quickly obtain natural gas, the company's chief said on Thursday.The well, located off the Brazilian coast northeast of Rio de Janeiro…

India Opts Out of Buying Gas from Russia's Sanctioned Arctic LNG 2 Project

Sep 27, 2024

India will not buy liquefied natural gas (LNG) produced from Russia's Arctic LNG 2 project, which is sanctioned by Western countries, Oil Secretary Pankaj Jain said on Friday.'We will not buy (supply from) Arctic LNG 2. We are not buying any sanctioned commodity…

Petrobras to Buy Stake in Oil and Gas Block Offshore South Africa

Oct 02, 2024

Brazilian state-run oil company Petrobras has received approval from its board to acquire a 10% stake from TotalEnergies in Deep Western Orange Basin (DWOB) block, offshore South Africa.The DWOB block is located in deep waters in the Orange Basin…

PRIO Buys Peregrino Oil Field Stake in $1.92B Deal with Sinochem

Sep 27, 2024

Brazilian oil and gas company PRIO has signed a sale and purchase agreement with SPEP Energy Hong Kong Limited and Sinochem International Oil for the acquisition of 40% interest in the Peregrino and Pitangola fields in the Campos Basin, offshore Brazil…

Sinochem in Talks to Sell Peregrino Stake

Sep 25, 2024

The chief executive of Brazilian oil company Prio is 'optimistic' about talks with China's oil and chemicals firm Sinochem for the potential purchase of a stake in the Peregrino oil field, he told Reuters on Wednesday.No binding agreement has been reached so far…

FTC Set to Greenlight Chevron's $53 Billion Hess Buy

Sep 23, 2024

The U.S. Federal Trade Commission is expected to greenlight U.S. oil producer Chevron's purchase of Hess as soon as this week, two people familiar with the matter said, leaving Exxon Mobil's challenge to the $53 billion deal as its final hurdle…

TotalEnergies Signs 10-Year LNG Supply Deal with Turkey’s Botas

Sep 18, 2024

Turkish state energy company Botas has signed a 10-year agreement to import liquefied natural gas (LNG) from French oil major TotalEnergies beginning in 2027, Turkish Energy Minister Alparslan Bayraktar said on Wednesday.The deal, which was…

Gemini Offshore Wind Farm Comes Back Online

Sep 23, 2024

Danish subsea cable and services firm NKT has taken part in the repair of export cables at 600 MW Gemini offshore wind in the Netherlands, which has been put back to full operation.A group of cable and energy specialists, including a repair team from NKT…

Korea's Hanhwa Sets Out Plan for Full Takeover of Singapore's Dyna-Mac

Sep 11, 2024

South Korean conglomerate Hanhwa Group has offered to acquire all of the shares it does not own in Singapore's Dyna-Mac Holdings, valuing the offshore oil and gas contractor at S$669.2 million ($513.90 million).Hanhwa's units Hanhwa Aerospace and Hanwha Ocean already own a 25…

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