Norwegian offshore vessel operator Island Offshore has recently secured work for its Island Victory vessel, which will install a mooring spread for an FSRU (Floating Storage Regasification Unit) for an undisclosed client. The contract kicks in the autumn of 2023 and has a duration of 90-120 days…
Bosch Rexroth North America's President and Chief Executive Officer Gregory Gumbs will leave the company July 1, 2023, the company said Thursday.'Gumbs, who joined the organization in late 2020, successfully led the increased growth of the North American region to record achievements…
Russia's largest producer of liquefied natural gas (LNG) Novatek last year offered technology to build a plant to produce the gas from Argentina's Vaca Muerta field, a highly-placed source familiar with the proposal said, though the talks have since broken off…
Enterprise Products Partners' Sea Port crude oil export terminal off the coast of Texas could begin operations between the second half of 2026 and early 2027, the pipeline operator's co-CEO said on Thursday. The terminal, planned for about 30 miles (48 km) off the coast of Texas…
A Guyana Appellate Court judge on Thursday temporarily stayed a lower court's order requiring Exxon Mobil and partners in offshore oil production to provide an unlimited guarantee to cover potential oil spills.The stay lifts a cloud over oil production at the nation's first offshore oil platform…
Japan's Mitsui O.S.K. Lines (“MOL”) has entered into a strategic investment agreement with Delfin Midstream Inc, a company developing floating LNG solutions for LNG exports from North America to global clients.As part of the agreement, MOL will…
The installation of the first monopiles and transition pieces has kicked off for the first commercial-scale offshore wind farm in the United States - the Vineyard Wind 1.“We can finally say it – as of today, there is ‘steel in the water,’” said Klaus S…
Britain's windfall tax on oil and gas producers will not be applied if prices drop below certain levels for six months in a row, the finance ministry said on Friday, in a move the government hopes will boost energy security.The energy profit…
Barryroe Offshore Energy, an oil and gas company focused on developing the Barryroe offshore oil and gas field in Ireland, dubbed one of Europe's largest undeveloped offshore oil fields, might not be there to see the field brought online.The company…
Denmark-based offshore wind farm developer Ørsted and its compatriot wind turbine maker Vestas on Wednesday announced a commercial sustainability partnership, whereby Ørsted will procure low-carbon steel wind turbine towers and blades made from…
Norwegian offshore oil and gas producer Vår Energi said Friday it had entered a long-term strategic partnership with the U.S. oilfield services company Halliburton for drilling services to improve drilling and well performance and enhance value creation…
Malaysia's Sapura Energy said Thursday it had, between December 2022 and May 2023, secured ten contracts worth around 1.4 billion Malaysian ringgit (currently around $303 million) across the Asia Pacific and Atlantic regions.The contracts were secured across its Engineering and Construction (E&C)…
The Kremlin, commenting on a report that the United States had known last year of a Ukrainian plan to attack the Nord Stream natural gas pipelines, said on Thursday it had already raised the possible involvement of 'Anglo-Saxons.' Unexplained…
Kazakhstan's Energy Minister Almasadam Satkaliyev said on Tuesday that the central Asian country is pressing ahead with $16.5 billion in claims against international oil companies over disputed project costs.The new claims are the latest in…
Danish renewable energy company Orsted said on Thursday it expects to take a final investment decision (FID) on its planned Hornsea 3 offshore wind project in Britain this year. Orsted warned in early March that the 2.8 gigawatt (GW) project…
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