Great Britain’s regulator, the North Sea Transition Authority (NSTA), has given its blessing for the drilling of a carbon storage appraisal well on the UK Continental Shelf (UKCS).
BW LNG, part of BW Group, has confirmed the start of work for the second of two new liquefied natural gas (LNG) vessels with Norway’s state-owned energy giant Equinor.
Britain’s trade body for the offshore energy industry, Offshore Energies UK (OEUK), has taken steps to engage in talks with the UK government to strike a deal and unlock multibillion-dollar energy industry investment boost by replacing the energy profits levy (EPL). The proposed regulatory shift has
U.S. subsea engineering and applied technology firm Oceaneering has launched its new electric-propulsion remotely operated vehicle (ROV), said to be designed for continuous 30-day subsea operations. The Momentum electric work-class ROV features plug‑and‑play sensors, advanced 360-degree vision, auto
Canada-based Valeura Energy, an oil and gas company, is seeking further insight from Thailand regarding the Southeast Asian country’s recent request to oil producers to postpone planned downtime at oil production facilities and temporarily suspend crude oil exports.
A four-partite Japanese consortium has formed a Japan-New Zealand hydrogen corridor and will study the commercialization of green hydrogen production in New Zealand and export operations to Japan. Mitsui O.S.K. Lines (MOL), Obayashi Corporation, Kawasaki Heavy Industries (KHI), and Chiyoda Corporati
Akrake Petroleum, a wholly-owned subsidiary of Lime Petroleum Holding, which is an 89.74% subsidiary of Singapore’s Rex International Holding, has connected a mobile offshore production unit (MOPU) and a floating storage and offloading (FSO) asset at a field off the coast of Benin.
Malaysia’s Velesto Energy has struck a deal to divest a 15-year-old jack-up rig for a total cash consideration of $63 million (equivalent to RM 258.4 million).
Moscow-headquartered energy giant PJSC Lukoil has said yes to a bid from Switzerland’s Gunvor Group for its international portfolio of assets in the wake of growing global sanctions, which keep tightening their hold on Russian businesses overseas.
French shipping and logistics major CMA CGM Group has signed a letter of intent for six LNG-powered containerships to be built at Cochin Shipyard Limited (CSL) in India.
Petrofac, a UK-headquartered oilfield services provider, has won a contract extension in the UK sector of the North Sea, allowing it to remain on an assignment with Ithaca Energy, a North Sea oil and gas operator and producer.
A full technical management of a recently converted floating storage regasification unit (FSRU), which got its new lease on life thanks to Karpowership, Türkiye’s floating power plant company, has been handed over to Singapore-headquartered Synergy Marine Group.
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France-based Legendre Group has started constructing the first full-scale demonstrator for the Dikwe project in Boulogne-sur-Mer, northern France, in collaboration with GEPS Techno. Supported by ADEME and the Région Hauts-de-France, the initiative aims to integrate wave energy generation into coasta
