Santos has informed that the inflationary cost environment and supply chain uncertainty do not support the FID of its Dorado project in 2022.
The new U.S. energy bill is celebrated by environmentalists but the oil & gas lobby sees it as a detriment to investment in fossil fuels.
Danish tanker shipping company TORM has taken majority ownership in compatriot scrubber supplier ME Production (MEP). Namely, TORM has bought a 75% ownership stake in the company from the present owner and founder, Jens Peter Faldt, who will retain the remaining 25% ownership. The transaction builds
Petrobras has started the process for the sale of a partial interest in exploration assets in the Potiguar Basin offshore Brazil.
Bermuda-based SFL Corporation has agreed to acquire four scrubber-fitted Suezmax tankers in combination with long-term time charters to a subsidiary of Koch Industries industrial conglomerate. The vessels are built in 2015 and 2020, respectively, and all four have modern eco-design features. The agg
Chinese yard has finished building an FPU to ABS Class for the revamped development of a cluster of satellite fields off Indonesia.
Oslo-listed shipping company Wallenius Wilhelmsen has secured $800 million of new loans secured by 20 vessels. The flagship facilities consist of two new financing agreements, with tenors ranging from 5.5 to 6.5 years, and were signed with 11 banks on June 30th. On August 15th, $670 million was draw
BP has started a planned maintenance programme on the Shah Deniz Alpha platform and Shah Deniz 1 facilities inside the Sangachal Terminal in Azerbaijan.
The Norwegian offshore safety regulator followed up an audit of Saipem’s rig with an order to the offshore drilling contractor.
Solstad Offshore has secured a contract extension for one of its AHTS vessels in Norway and a new assignment for another one in Brazil.
Sanctions imposed on Iran and Russia will hamper the sourcing of goods for the development of Iranian offshore gas fields, says Rystad.
PRIO, formerly known as PetroRio, has temporarily stopped production at a field within the Northern Campos Basin off the coast of Brazil.
Brazilian oil and gas company Petrobras has awarded a contract to Keppel Shipyard for the construction of an FPSO.
Vår Energi has set the wheels into motion to take over new operatorship in the Balder area thanks to deals for two licences in the North Sea.
