Malaysian FPSO provider Yinson has secured a contract extension for the PTSC Lam Son FPSO in Vietnam with Vietnam’s PTSC AP.
Crown LNG has granted Aker Solutions a front-end engineering and design (FEED) contract for the Kakinada LNG terminal in India.
Russia’s Lukoil has entered into an agreement to acquire a 50 per cent operator interest in the Area 4 project located offshore Mexico.
ExxonMobil has failed to find commercial hydrocarbons at its Jabillo-1 located offshore Guyana and will be moving on to the next well soon.
State-owned Qatar Petroleum has entered into agreements with TotalEnergies to acquire working interests in three offshore exploration blocks in South Africa.
The number of offshore rigs in the U.S. remained unchanged over the last week, according to Baker Hughes.
The latest developments from the offshore energy industry related to the ongoing energy transition.
SIMEC Atlantis Energy, the developer of the MeyGen tidal energy project, has reduced the financial losses for 2020 – the year in which MeyGen tidal array exported over 37GWh of clean power to the UK grid, breaking every record for tidal energy production set so far.
Royal Dutch Shell has started operations at its ten megawatts hydrogen electrolysis plant at the Wesseling site of its Rheinland refinery in Germany.
Following an undercover reporter filming a lobbyist for ExxonMobil stating that the company’s climate policy was just a PR stunt, the chief executive officer (CEO) of ExxonMobil issued a statement refuting those claims.
Chevron, the operator and the Gorgon joint venture, will proceed with the approximately $4 billion Jansz-Io Compression project in Australia.
Dry cargo vessel owner and operator Navios Maritime Partners has inked a deal to acquire five drybulk vessels for a total of approximately $182.3 million.
French LNG containment specialist GTT has received the final approval for its upgraded containment system technology from the classification societies Bureau Veritas, DNV and Lloyd’s Register.
One of the largest funding programmes of the European Union, launched to accelerate the economic recovery following the coronavirus pandemic, has provided a substantial subsidy for the development of an offshore floating solar farm off the coast of The Hague in the Netherlands.
