Business & Finance
TGS and Horisont Energi cooperating on carbon capture and storage
TGS has signed a Memorandum of Understanding (MoU) with carbontech start-up Horisont Energi to jointly develop new carbon capture and storage (CCS) technologies. Under the MoU, the parties will collaborate to identify and develop methods for the identification and classification of CO2 storage reser
Zenith Energy buys Candax Energy’s acreage in Tunisia
Canadian oil and gas company Zenith Energy has completed the acquisition of Candax Energy’s Barbados-based subsidiary Ecumed Petroleum Tunisia and with it two licenses in the African nation.
Petrofac CFO set to leave. Replacement already named
The chief financial officer (CFO) of oilfield services provider Petrofac has advised the company of his intention to leave and take up a new role outside of the group.
BW Offshore chooses APL’s STP system for Barossa FPSO
FPSO operator BW Offshore has hired APL, part of NOV’s completion and production solutions segment, for the supply of a large, submerged turret production (STP) system for the FPSO to be deployed at Santos’ Barossa gas and condensate field offshore of Australia.
Maersk rig lands more Suriname work with Total
Offshore drilling contractor Maersk Drilling has secured a one-well contract extension for one of its rigs with Total in Suriname.
PortMiami gets US EPA funds for Carnival Cruise Line’s shore power pilot
Earlier this week, The Environmental Protection Agency’s Diesel Emissions Reduction Act (DERA) announced a $2 million allocation for Port Miami’s Shore Power Pilot Program.
Manor Renewable Energy adds new survey vessel to fleet
Manor Renewable Energy (MRE) has purchased the Isambard Brunel, a new survey vessel that will join the company’s fleet. The vessel will be renamed Manor Brunel and will undergo engineering works, survey equipment updates and repainting at the Manor Marine site in Portland, Dorset, following the firs
McDermott to provide FEED work on BHP’s Trion FPU
U.S. offshore engineering and construction services provider McDermott International has been selected by BHP’s Mexican arm, in partnership with Pemex, to provide front-end engineering design (FEED) of a semi-submersible floating production unit (FPU) for the Trion Project in the Gulf of Mexico.
EMEC delivers power performance assessment for Verdant Power
The European Marine Energy Centre (EMEC) has completed an independent power performance assessment for Verdant Power’s tidal power array at the Roosevelt Island Tidal Energy (RITE) site in New York. The report confirms active power output was 187 kW at 2.5 m/s peak flood tide and turbines performed
BP and EnBW set sights on Scottish offshore wind
UK oil major BP and the German energy company EnBW will be taking part in the upcoming ScotWind seabed leasing round in Scotland. The companies have now launched a bespoke online portal for the Scottish engineering and supply sector, as they aim to expand their partnership’s offshore wind portfolio
Enauta keeps Solstad AHTS for Atlanta field support
Brazilian oil company Enauta Energia has chartered an anchor handling tug and supply vessel from Norwegian offshore vessel owner Solstad Offshore.
Vaalco hedges part of production for drilling and FSO upgrade costs
Houston-based Vaalco Energy is hedging a portion of its production to protect cash flows, which will be used for its drilling campaign and the potential floating storage and offloading unit capital upgrade costs.
Dolphin rig to drill HPHT well for Wellesley
Dolphin Drilling has secured a Letter of Intent with Wellesley Petroleum for the drilling of an HPHT exploration well on the NCS.
Shelf Drilling sees encouraging signs of improving jack-up market
Shelf Drilling is seeing encouraging signs of an improving jack-up market with an increase in the global number of contracted jack-ups.