Norwegian shipowner Ocean Yield has secured new bareboat charters with purchase obligations for two anchor handling tug supply (AHTS) vessels.
US LNG producer Venture Global LNG has taken a final investment decision (FID) for the second phase of the Plaquemines LNG facility in Louisiana. On 13 March, the company announced the FID and successful closing of the $7.8 billion project financing for the second phase of the project. The FID for t
Aker BP has kicked off production from a field in the North Sea off Norway, after fast-tracking the development to achieve the first oil.
Aramco has posted its highest annual profit ever as a listed company, totalling $161.1 billion, amid high demand, tight supply and elevated oil and gas prices.
Following the investigation report about a fatality aboard a drillship in the Gulf of Mexico, BSEE has outlined that the lack of training with hydraulic torque wrench contributed to the fatality.
Chemical company Unigel and thyssenkrupp nucera, provider of technologies and comprehensive solutions for high-efficiency industrial scale electrolysers, have signed a Memorandum of Understanding (MoU) to increase the capacity of the green hydrogen plant that Unigel is developing in Bahia, Brazil, f
Closing an exception year, Israeli container shipping heavyweight ZIM is bullish on the outlook, especially as it starts to welcome LNG-powered newbuilds into the fleet. The company reported total revenues for the full year of 2022 worth $12.56 billion, compared to $10.73 billion for 2021, primarily
Poland’s natural gas transmission system operator GAZ-SYSTEM has launched a non-binding market screening procedure to identify the demand for additional regasification capacity of the floating storage and regasification unit (FSRU) in the Gulf of Gdańsk area. Pursuant to the assumptions set out in t
On 9 March, the Biden-Harris administration released the President’s Budget for Fiscal Year (FY) 2024, with funds for federal agencies’ activities in offshore wind proposed to be increased. The budget also supports the agencies’ work on the next National OCS Oil and Gas Leasing Program, however, in
Danish wave energy company Wavepiston has reached 130% of its initial crowdfunding target, as the campaign remains open for two more days.
Norwegian state-owned energy giant Equinor has awarded Reach Subsea with a multiyear frame agreement for work on the Norwegian continental shelf (NCS) and internationally. The three-year frame agreement covers all core activities for Reach Subsea, including installation support, seabed intervention,
Baker Hughes’ weekly rig count report shows that the number of offshore rigs in the United States slipped down by two units last week.
Kongsberg Digital has been hired by Shell Global Solutions International to handle the digitalisation of the oil major’s global assets with digital twin technology.
Dutch geo-data specialist Fugro and Brazilian oil and gas giant Petrobras have completed what they said is the first-ever remote subsea inspection survey off the coast of Brazil. Fugro used a remotely operated vehicle (ROV) deployed from the Fugro Aquarius to conduct the survey. Office-based personn
