BP and Ithaca Energy have started production from the Vorlich development, in the UK North Sea, which was the target of environmental protests back in 2019.
Equinor and SSE have reached financial close on the first two phases of the Dogger Bank wind farm project, representing in aggregate the largest offshore wind project financing to date globally. The 3.6 GW Dogger Bank offshore wind project is divided into three 1.2 GW phases, Dogger Bank A, Dogger B
Jersey Oil & Gas has entered into a conditional sale and purchase agreement to acquire CIECO V&C, which will give it full ownership of a North Sea licence.
Brent crude oil prices reached highest levels since March as news of another promising coronavirus vaccine raised hopes of a quicker recovery in oil demand, while U.S. President-elect Joe Biden received the go-ahead to begin his leadership transition.
Italian shipbuilding heavyweight Fincantieri has signed a letter of intent (LoI) with the Ministry of Economic Development and Labour of the Yucatán State (Mexico) to design and construct a new ship repair yard. Under the agreement, Fincantieri will be granted a 40-year concession for the exclusive
Aker BP and Cognite have partnered to deploy Spot, the quadruped robotic dog, to pioneer the remote-controlled offshore mission on the Skarv installation.
Saipem has confirmed a contract award to conduct booster compression module FEED services for the Inpex-operated Ichthys LNG development in Australia.
The U.S. Department of Energy (DOE) has awarded $35 million for 11 projects which seek to develop new economically competitive hydrokinetic turbine designs for tidal and riverine currents.
French LNG containment specialist GTT has been fined €9.5 million ($11.3 million) by the South Korean Fair Trade Commission (FTC).
Tokyo Gas has joined the offshore wind joint venture established by Northland Power and Shizen Energy in 2019 and will become a shareholder in the project company Chiba Offshore Wind (COW). COW is developing offshore wind projects off the Pacific Ocean coastline of Chiba Prefecture in Japan. Now, wi
Singapore’s independent oil and gas company KrisEnergy and floater provider Rubicon Offshore have settled a contractual dispute that would save the Kris Energy’s Thai subsidiary from being wound up.
NYSE-listed tanker owner and operator Overseas Shipholding Group has closed a $49.1 million loan to finance a newbuild oil and chemical ATB barge. OSG’s subsidiaries, OSG 205 LLC and OSG Courageous II LLC, will use the loan to refinance the tug to which the barge is being paired, the OSG Courageous.
Rem Offshore has been awarded a contract and extension for its platform supply vessels from Apache in the UK North Sea.
Subsea services player Modus Seabed Intervention said that Jake Tompkins is resigning from his role as CEO of the company. Tompkins is stepping down in order to pursue independent business interests, fulfilling a long-held ambition, the company said in a statement. He will continue in an advisory ca
