Shortly after a liquified natural gas (LNG) project got picked to get millions in support from the Canadian government, the Impact Assessment Agency of Canada (IAAC) has set the wheels in motion to kick off a public comment period on proposed amendments to the decision statement for the project’s fl
Norway’s state-owned Equinor, acting as the technical service provider (TSP) for the project, has awarded Subsea7 and Aker Solutions with contracts for the second phase of the Northern Lights CO2 transport and storage development in Norway, after the final investment decision (FID) was announced las
Valaris has won a long-term assignment for one of its floaters with an undisclosed oil and gas company in West Africa.
As idle rig times loom in the U.S. Gulf this year, Westwood Global Energy, an energy market research and consultancy firm, has pointed out that the supply, demand, and utilization for drillships are set to pick up the pace in 2026, with long-term fundamentals in the offshore drilling market painting
Wave energy developer Eco Wave Power has appointed Vistra Energy board member Hilary E. Ackermann to its advisory board. According to Eco Wave Power, Ackermann, also a former Chief Risk Officer at Goldman Sachs Bank USA, brings experience in risk management, corporate governance, and clean energy tr
Singapore-based ship owner and operator BW LPG has signed a memorandum of agreement (MOA) to sell two very large gas carriers (VLGCs) acquired in the recent transaction with Norway’s Avance Gas at a price of around $75 million per unit. As disclosed, the two ships in question are the 226-meter-long
SeaRenergy has strengthened its offshore supply capabilities in the North Sea, thanks to a long-term charter agreement with Britoil Offshore Services for a 15-year-old platform supply vessel (PSV), which will support the installation and commissioning of converter platforms and be available for any
Israel’s Ministry of Energy and Infrastructure has put its stamp of approval on six licenses in a fourth competitive process for natural gas exploration in the State of Israel’s Exclusive Economic Zone (EEZ). The list of license winners entails Azerbaijan’s SOCAR, NewMed Energy – former Delek Drilli
Norwegian state-owned energy firm Equinor has awarded Sola-based IKM Group with a contract for the provision of services for the Pipeline Repair and Subsea Intervention (PRSI) Pool, with about 50-70 people expected to be employed for the work. The PRSI Pool includes 23 companies covering their offsh
Petrobras has tucked a new carbon dioxide (CO2) reinjection milestone in the Santos Basin pre-salt layer under its belt, thanks to 22 floating production, storage, and offloading (FPSO) vessels capturing and reinjecting CO2 off the coast of Brazil.
With forecasts indicating that the United Kingdom (UK) will need billions of oil and gas barrels by 2050 amidst the ongoing economic challenges and energy market headwinds and tailwinds, Britain’s trade body for the offshore energy industry, Offshore Energies UK (OEUK), has outlined in its new repor
A 42-meter-long geophysical survey vessel owned by Fugro that ran aground in Italy on Saturday, March 22, had been safely brought to port, the Dutch company reported. The Fugro Mercator ran aground on the north coast of Elba, Italy, when it went looking for shelter due to deteriorating weather condi
The Dutch Marine Energy Centre (DMEC)-led Offshore Accelerator for System Integration and Storage (OASIS) project has launched the first support call for offshore energy innovations. The initiative aims to support innovative companies in the North Sea region by accelerating their growth and enhancin
Portugal’s oil and gas company Galp has completed the sale of its upstream assets offshore Mozambique to XRG, a wholly-owned subsidiary of the UAE’s Abu Dhabi National Oil Company (ADNOC).
