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JF Subtech charters Olympic Subsea multipurpose vessel
Business & Finance

Olympic Subsea multipurpose vessel starts charter with James Fisher

James Fisher Subtech has signed a charter agreement with Olympic Subsea for the exclusive use and operation of the multipurpose offshore vessel Olympic Taurus. Olympic Taurus has already been mobilized for work from Montrose Port, Aberdeenshire, and fitted with a work-class remotely operated vehicle

about 3 years ago
Transocean Enabler rig (for illustration purposes); Source: Transocean
Business & Finance

U.S. offshore rig count comes to a standstill

Following slow and consistent growth for two weeks in a row, the number of offshore rigs in the U.S. remained flat last week.

about 3 years ago
FPSO Petrojarl I; Source: Enauta
Business & Finance

Despite potential for more, Enauta keeps production at lower level from new well

Enauta has concluded the production ramp-up of the first well in its three-well drilling campaign at a field offshore Brazil.

about 3 years ago
After appointing new CEO, UK oil & gas firm names COO and Executive Director
Business & Finance

After appointing new CEO, UK oil & gas firm names COO and executive director

UK and Ireland-focused oil and gas exploration, development, and production company Europa Oil & Gas (EOG) has appointed Alastair Stuart as Chief Operating Officer and an Executive Director of the company, effective immediately. Stuart has been a consultant at Europa Oil & Gas since 2012 and more re

about 3 years ago
FPSO Abo; Source: BW Offshore
Business & Finance

Two FPSOs get more work in Nigeria and Ivory Coast

BW Offshore has secured short-term contract extensions for two FPSOs, working on fields located off Nigeria and the Ivory Coast, respectively.

about 3 years ago
Fast4Ward FPSO design; Source: SBM Offshore
Business & Finance

SBM Offshore gets financing from 13 banks for largest Brazil-bound FPSO

SBM Offshore has completed the project financing of an FPSO, which is destined to work at the Búzios field off Brazil, for a total of $1.63 billion.

about 3 years ago
Norve jack-up rig; Source: Borr Drilling
Business & Finance

Development project off Gabon days away from first oil

BW Energy has wrapped up the drilling and completion operations at the first well in in its multi-well drilling campaign offshore Gabon.

about 3 years ago
King Charles III and German president voice support for NeuConnect energy link
Business & Finance

King Charles III and German president voice support for NeuConnect energy link

The NeuConnect energy link that will connect Germany and the UK for the first time is a “key project” and highlights how closely the two countries are working together to make their economies climate-neutral, German President Frank-Walter Steinmeier said during the visit of UK’s King Charles III to

about 3 years ago
Illustration; Source: BOEM
Business & Finance

Chevron, ExxonMobil, BP and Shell among highest bidders in Gulf of Mexico oil & gas lease sale

The latest oil and gas lease sale for acreage in federal waters in the Gulf of Mexico gathered nearly $264 million in high bids.

about 3 years ago
Clarksons says alternative fuel ships account for 47 pct of orderbook, projects another 100 LNG carrier orders
Business & Finance

Clarksons says alternative fuel ships account for 47 pct of orderbook, projects another 100 LNG carrier orders

Alternative fuel ships have accounted for around 60% of new orders since the start of 2022 in GT, primarily driven by LNG dual-fuel vessel orders, and increasingly methanol, and now account for 5% of fleet GT and 47% of orderbook, data from Clarksons shows. Looking at the fleet profile, the shipbrok

about 3 years ago
NKT secures €500 million offshore wind contract
Business & Finance

NKT secures €500 million offshore wind contract

Ørsted has awarded NKT with a supply contract for the delivery of the high-voltage DC on- and offshore export cable system for the Hornsea 3 wind farm offshore the UK. For NKT, the final order has an estimated contract value of approximately €500 million in market prices. The contract will comprise

about 3 years ago
UK's government puts power link to Morocco on energy security radar
Business & Finance

UK’s government puts power link to Morocco on energy security radar

The UK Government is considering the viability and merits of the Xlinks Morocco–UK Power Project to understand how it could contribute to the UK’s energy security, the government announced in a recent policy paper. The Morocco-UK Power Project is a multi-technology renewable energy project with appr

about 3 years ago
ADNOC Offshore
Business & Finance

UAE player scopes up $2.6 bln deal while unveiling new turnkey offering to ‘revolutionise offshore oil and gas logistics’

ADNOC Logistics & Services has revealed a new deal with ADNOC Offshore, which amounts to $2.6 billion (AED9.5 billion).

about 3 years ago
Marathon Oil
Business & Finance

Chevron, Marathon Oil and Equatorial Guinea govt pursuing further development of Gas Mega Hub

Heads of Agreement (HOA) has been inked to move forward with the next phases in the development of Equatorial Guinea’s Gas Mega Hub (GMH).

about 3 years ago
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