Business & Finance
Operators shutting in Gulf of Mexico platforms ahead of hurricane
Two oil and gas operators in the U.S. Gulf of Mexico have shut in production at some of their assets ahead of an impact by Hurricane Ian.
DSME inks $1.4 bln conditional takeover deal with Hanwha
South Korean shipbuilding major Daewoo Shipbuilding & Marine Engineering (DSME) has entered into a tentative deal with compatriot conglomerate Hanwha Group on the acquisition of a 49.3 percent stake and management rights in return for $1.4 billion. Under the terms of the Memorandum of Understanding,
Fourth Gabon well exceeds expectations while FSO and field reconfiguration ops near completion
Vaalco is expecting a boost to its reserves and production after the fourth well in its drilling programme off Gabon goes online next month.
No significant damage on BP’s new Tortue FPSO, partner says
BP’s new Tortue FPSO for the GTA project in Mauritania and Senegal has been returned to the quayside of the COSCO shipyard in China.
Former Seadrill exec takes over CCO role at Valaris
Offshore drilling contractor Valaris has welcomed a new Chief Commercial Officer (CCO) to its executive management committee.
Equinor forced to restart Canadian well due to operational challenges
Norwegian energy giant Equinor has encountered difficulties during its drilling operations offshore Canada. As a result, operations will take longer than previously expected.
UK govt to speed up new energy projects, including five oil & gas developments
UK government plans to accelerate various energy projects, including five oil and gas as well as several CCS, hydrogen, and offshore wind projects.
RWE seals multi-year LNG supply deal with ADNOC, first cargo to reach floating LNG terminal at Brunsbüttel by year-end
German energy company RWE has entered into an agreement with Abu Dhabi National Oil Company (ADNOC) on liquefied natural gas (LNG) supplies, with the first cargo to be delivered to a floating LNG import terminal at Brunsbüttel. Under the agreement, the first delivery of a cargo of LNG will be suppli
Next-gen underwater vehicle hits the water at German offshore wind farm
A.IKANBILIS, said to be the world’s first underwater inspection vehicle featuring adaptive autonomy, has completed trials at the Nordsee One offshore wind farm in Germany. Trials of the hovering autonomous underwater vehicle (HAUV) were conducted by Nordsee One and supported by manufacturer BeeX and
Two new rigs to join ‘one of the largest operating jack-up fleets in the world’
ADNOC Drilling has inked a deal to purchase two additional premium jack-up rigs and hinted at further acquisitions in the pipeline.
Orkney’s innovation center for marine renewables secures over €3M for expansion
Highlands and Islands Enterprise (HIE) and Orkney Islands Council (OIC) have approved a funding package totaling £2.8 million (€3.1 million) towards the second phase of development at Orkney Research and Innovation Campus (ORIC).
Two Borr jack-up rigs heading to Middle East to start maiden deals
Following contract preparations in Singapore, two jack-up rigs from Borr Drilling are en route to Saudi Arabia.
Geoquip’s laboratory receives accreditation
Offshore geotechnical data acquisition, analysis and reporting specialist Geoquip Marine has received accreditation by the United Kingdom Accreditation Service (UKAS) for services provided at its onshore testing laboratory. The ISO/IEC 17025 accreditation is said to be an attestation that the labora
Maersk drillship to continue supporting Malaysian oil & gas developments for next two years
Maersk Drilling has secured a contract extension with Sarawak Shell Berhad and Sabah Shell Petroleum for the drillship Maersk Viking in Malaysia.