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Business & Finance

27-year-old FPSO ends its final voyage at European ship recycling facility

A floating production, storage, and offloading (FPSO) unit has reached its final destination in Europe, where it will be recycled at Modern American Recycling Services (MARS) in Denmark.

about 5 months ago

Business & Finance

6% of Welsh people think renewable energy development should decrease, research shows

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New research by RenewableUK Cymru has found that 71% of Welsh people believe renewable energy development should increase, with just 6% saying it should decrease, and 58% want Wales’s future energy system to be mainly or entirely based on renewable energy. New polling published by RenewableUK Cymru

about 5 months ago

Ran jack-up rig; Source: FOSS & ESG; Credit: Borr Drilling

Business & Finance

Borr Drilling’s rig quartet lines up work in four corners of the world

Borr Drilling, an offshore drilling player with its corporate base in Bermuda, has landed new drilling assignments for multiple premium jack-up rigs, spanning four continents: Africa, Asia, Europe, and the Americas.

about 5 months ago

Noble Globetrotter I drillship; Source: Noble

Business & Finance

No ‘significant’ gas volumes in Black Sea exploration well

OMV Offshore Bulgaria, an affiliate of Southeastern Europe’s integrated energy player OMV Petrom, NewMed Energy Balkan, a subsidiary of Israel’s NewMed Energy, and Bulgarian Energy Holding EA have drilled a second exploration well in the Black Sea off the coast of Bulgaria.

about 5 months ago

Business & Finance

US portrays offshore leasing and planning as ‘critical’ to historic oil output highs

The U.S. Department of the Interior’s Bureau of Ocean Energy Management (BOEM) has spotlighted the role offshore leasing and planning play in driving record oil production on the U.S. Outer Continental Shelf (OCS).

about 5 months ago

Business & Finance

Trio picks up new production sharing contract in Peninsular Malaysia

A new production sharing contract (PSC) for an asset off the coast of Malaysia has been awarded to Medco Asia Pacific, a wholly-owned subsidiary of Indonesia’s PT Medco Energi Internasional (MedcoEnergi), Dialog Resources, and EnQuest Petroleum Production Malaysia, a subsidiary of London Stock Excha

about 5 months ago

Business & Finance

First Malta-Italy interconnector back in service after works on second link demanded shutdown

The first interconnector between Italy and Malta has returned to operation after it was shut down due to work on the second interconnector that will connect the two countries. As announced on March 28, the scheduled intervention required the temporary suspension of IC1 to allow for the safe reroutin

about 5 months ago

Business & Finance

ABL supporting Tidewater’s vessels in Mediterranean, Black Sea, and wider Europe

ABL’s Egyptian operation, part of Oslo-listed global consultancy ABL Group, has sealed a new deal with Tidewater Marine Egypt, a subsidiary of Tidewater, to provide certain services to the fleet owner and operator’s offshore support vessels (OSVs) working in the Egyptian part of the Mediterranean Se

about 5 months ago

Business & Finance

DroneQ Robotics gets exclusive rights to use 2014-built research vessel

Dutch advanced unmanned robotics services provider DroneQ Robotics has received exclusive rights to deploy Mark Offshore’s research and survey vessel for its own and third-party projects. This comes as Dutch Mark Offshore signed an agreement with Lithuania’s Klaipėda University to handle the managem

about 5 months ago

Business & Finance

African gas project ticks FID off the list as Subsea7 scores multimillion-dollar deal

U.S.-headquartered energy giant Chevron has taken a final investment decision (FID) for a gas monetization project off the coast of Equatorial Guinea. Noble Energy EG, a Chevron company, has tasked Luxembourg-domiciled Subsea7 with the subsea installation scope for this project.

about 5 months ago

Business & Finance

More time for Inpex and Pertamina to work on Asian LNG project

Inpex Masela, a subsidiary of Japan’s Inpex, has prolonged its memorandum of understanding (MOU) with Indonesia’s PT Pertamina (Persero) (Pertamina) for a strategic collaboration to proactively pursue the implementation of a liquefied natural gas (LNG) project in the Arafura Sea, Southeast Asia.

about 5 months ago

Business & Finance

Missile hits oil tanker chartered to QatarEnergy

Qatar’s state-owned oil and gas giant QatarEnergy has confirmed a missile attack on a fuel oil tanker off the Persian Gulf state’s coast.

about 5 months ago

Business & Finance

Soil survey underway for Dutch hydrogen and CO2 pipeline network

Fugro and Sweco are carrying out soil investigation fieldwork for a pipeline network that will link three industrial areas in the Netherlands and transport hydrogen and directly captured CO2 to designated offshore storage sites. Commissioned by Gasunie, the Delta Rhine Corridor West (DRC West) infra

about 5 months ago

Business & Finance

Oil sales kick off from offshore asset in Golden State

Sable Offshore, a Texas-headquartered oil and gas company, has begun oil sales from its Santa Ynez Unit (SYU) and pipeline system off the coast of California to the U.S.-headquartered energy giant Chevron.

about 5 months ago