Canadian oil and gas companies Frontera Energy and CGX Energy have entered into a term sheet for a $19 million loan that will enable CGX to continue to finance its share of costs related to the Corentyne, Demerara, and Berbice blocks off Guyana.
An in-house investigation team from Equinor has studied the deviation in quality of welding and inspection of the Johan Castberg FPSO.
BW Energy has kicked off its 2021 Gabon drilling campaign with the spudding of the Hibiscus Extension well on the Dussafu Marin Permit.
The number of active offshore rigs in the U.S. is up by one unit over the last week, according to a weekly rig count report by Baker Hughes.
The offshore energy sector is currently going through a major change with the energy transition and sustainability as a driving force.
Brazilian state-owned oil company Petrobras has published the call for the second bidding process to lease the Bahia LNG Regasification Terminal and associated facilities.
Norwegian oil major Equinor has received consent from the offshore safety body, the Petroleum Safety Authority (PSA), for exploration drilling in the Norwegian Sea using the West Hercules drilling rig.
Regional grid operator PJM Interconnection, on behalf of the New Jersey Board of Public Utilities (NJBPU), has launched solicitation for qualified developers to submit potential transmission solutions that would help deliver offshore wind energy to the existing power grid in New Jersey. The 120-day
Japan’s Tsuneishi Shipbuilding has developed a new LNG-fueled Kamsarmax dry bulk carrier design.
South Korean shipbuilding giant Korea Shipbuilding & Offshore Engineering Co. (KSOE) is enjoying a ship ordering spree as it won another contract for three liquefied natural gas (LNG) carriers.
Energy Information Administration (EIA) weekly report has shown that LNG exports from the U.S. decrease this week, with Henry Hub prices going up.
Crowley Shipping and Shell Trading (US) Company (STUSCO) recently initiated the use of low carbon biofuel to power the Crowley tugboat Veteran, a ship assist and escort tug serving the Bay of San Francisco.
UK supermajor BP has suspended production from the Foinaven field offshore UK and will be retiring the floating production, storage, and offloading (FPSO) unit working on the field due to a series of safety issues.
Dutch Damen Shipyards Group has partnered up with Purus Marine, a newly formed, environmentally focused maritime vessel and infrastructure company, to finance green shipping projects.
