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Eni, CDP, Fincantieri, Terna in Wave Power Pact
Italian oil group Eni is joining forces with compatriot shipbuilder Fincantieri, power grid group Terna and state lender Cassa Depositi e Prestiti (CDP) to develop wave power stations.The Chief Executive Officers of the companies have signed a non-binding agreement today at the Eni…
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BP Invests $6 Bln in Offshore Azerbaijan Project
The British multinational oil and gas company BP and its partners will lead a $6 billion development of the giant Azeri-Chirag-Deepwater Gunashli (ACG) oil-field complex offshore Azerbaijan.The supermajor said that the Azeri Central East (ACE) project includes a new offshore platform and facilities designed to process up to 100…
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BSOG Gets Approval in Offshore Romania
Romanian-based Black Sea Oil & Gas (BSOG), controlled by private equity firm Carlyle Group, said that it received approval from the Romanian government for the field development plan (FDP) for the Ana and Doina gas fields.The Ana and Doina gas fields make up the Midia Gas Development (MGD) Project…
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Saipem Settles South Stream Dispute
South Stream Transport, which is responsible for the construction and operation of the TurkStream Offshore Pipeline, and the Italian oil and gas industry contractor Saipem have settled the arbitration concerning the South Stream offshore pipeline installation contract entered into on March 14…
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Archer Wins Contract from Chevron
Archer announced Tuesday it has been awarded a contract to provide platform drilling services for Chevron in the UK sector of the North Sea.Under the deal, Archer it will provide offshore operations and maintenance supervision on the Alba Northern and Captain platforms. Archer said it will also continue to provide onshore rig operations…
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COOEC-Fluor Completes Module Fabrication
Texas-based multinational engineering and construction firm Fluor Corporation announced that its joint venture COOEC-Fluor…
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Chrysaor to Buy ConocoPhillips’ UK Assets
Chrysaor has reached a deal to acquire ConocoPhillips’ oil and gas exploration and production assets in the UK for $2.675 billion…
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Offshore wind: The making of a (supply chain) star
Wind is “the tech of choice,” the International Energy Agency said recently, just as a new report by the University of Delaware…
Latest news
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A New York State of Mind
“A new industry is being established in New York, with the primary stimulus being a state-driven procurement process.”New…
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Santos Posts Record Production in Q1
Australia's No.2 independent gas producer Santos Ltd on Wednesday posted record quarterly production, boosted by its acquisition…
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ExxonMobil Wins 3 Blocks Off Argentina
U.S. oil major Exxon Mobil Corp said that its unit and an affiliate of Qatar Petroleum had won three exploration blocks…
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Santos Finds Gas Off Western Australia
Santos announced Tuesday it has confirmed significant gas resource in the Corvus-2 appraisal in the Carnarvon Basin, offshore…
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1000 Km of the Nord Stream 2 Pipeline Laid
1000 km of the Nord Stream 2 pipeline has now been laid in the Baltic Sea in Finnish, Swedish and German waters.Two Allseas…
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Macquarie Kicks off Sale of Wind Assets in Italy and France
Infrastructure fund Macquarie has kicked off the sale of its Renvico wind farm portfolio located in Italy and France worth…
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NOIA Applauds Confirmation of Interior Secretary
National Ocean Industries Association President Randall Luthi has issued the following statement on the Senate confirmation…
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New Jack Up Fitted with Huisman Crane
Huisman has been awarded a contract for the design, engineering, construction and delivery of the main crane on Jan De Nul’s…
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China, France to Develop OWP Project
China Energy Investment Corporation (CHN Energy) and Électricité de France Group (EDF Group) have signed a deal to jointly…
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Brazil Government to Pay Petrobras $9 Bln
The Brazilian government reached a landmark deal to pay state-controlled oil company Petróleo Brasileiro SA $9.058 billion…
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Unique Group Debuts New Survey USV
Unique Group, a provider of services and solutions for the offshore, subsea and life support industries, has designed and…
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Europe Offshore Fleet has 105 Wind Farms
There are now 189 GW of wind energy in Europe, making up 14% of the EU’s power demand. 18.5 GW of this is in Europe’s offshore fleet…
Exploration
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Europe Invests $30bln in Wind in 2018
Europe invested a total of EUR27bn (USD 30.34bln) in new wind farms in 2018, allowing it finance a record amount of new wind energy capacity…
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Oryx Acquires South African Marine Fuels
Oryx Energies, a provider of oil and gas products and services, has acquired the majority stake in South African Marine Fuels (SAMF)…
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US Rig Count Dips
U.S. energy firms this week reduced the number of oil rigs operating for the first time in three weeks as production growth forecasts from shale…
Drilling
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India, Denmark Forge Offshore Wind Alliance
India’s Union Cabinet has given its approval for a cooperation agreement between India and Denmark on strategic sector cooperation…
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FueLNG Scores Century in Singapore Bunkering
FueLNG, a joint venture between Keppel Offshore & Marine Ltd (Keppel O&M) and Shell Eastern Petroleum (Pte) Ltd, has set…
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MOL, Mitsui Join in Modec FPSO Project
Mitsui O.S.K. Lines and Mitsui & Co have participated in a long-term charter business operated by MODEC for the purpose…
Production
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TechnipFMC Orders Vallourec Pipes for Mero 1
The provider tubular solutions for the energy markets Vallourec Soluçoes Tubulares do Brasil has been awarded by TechnipFMC…
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LNG Prices Nosedive
A mild winter and growing surplus of supply have knocked the legs out from under Asian LNG, with spot prices plummeting more…
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U.S. FERC Approves Two New LNG Export Terminals
The U.S. Federal Energy Regulatory Commission (FERC) on Thursday approved construction of two proposed liquefied natural gas (LNG) export terminals…
