SBM Offshore and Petrobras ink letter of intent for new Mero FPSO as partners...
SBM Offshore has signed a letter of intent with Petrobras for a 22.5 years lease and operate contracts of FPSO Alexandre de Gusmão. The post SBM Offshore and Petrobras ink letter of intent for new Mero...
View ArticleMcDermott sets up 2030 emission reduction targets
U.S. offshore engineering and construction services firm McDermott International has set up emission reduction […] The post McDermott sets up 2030 emission reduction targets appeared first on Offshore...
View ArticleIOG spuds Blythe development well ahead of first gas
UK gas company IOG plc has started drilling the Blythe development well located in the UK North Sea ahead of the first gas from the hub. The post IOG spuds Blythe development well ahead of first gas...
View ArticleWorld’s longest ETH pipeline installed at Fenja field
Neptune Energy has completed the installation and testing of the electrically trace-heated (ETH) subsea production pipeline at its Fenja field in the Norwegian sea. The post World’s longest ETH...
View ArticleDyna-Mac gets order to build FPSO topside modules
Dyna-Mac has secured a fabrication project from a Chinese company for a total provisional contract sum of S$114 million. The post Dyna-Mac gets order to build FPSO topside modules appeared first on...
View ArticleBP bounces back to profit, ups dividend
BP has decided to boost its dividend by four per cent and start a share buyback program following a return to profit in 2Q 2021. The post BP bounces back to profit, ups dividend appeared first on...
View ArticleHigher oil prices boost ConocoPhillips profit
ConocoPhillips saw an increase in its earnings for the second quarter of 2021 compared to the same period in 2020 driven by higher oil and gas prices. The post Higher oil prices boost ConocoPhillips...
View ArticleTransocean cuts losses, sees utilisation and day rates improving
Transocean reduced its quarterly losses despite lower revenues and is encouraged by the current upcycle in the offshore drilling market. The post Transocean cuts losses, sees utilisation and day rates...
View ArticleFresh start for Valaris with new contracts and three stacked rigs returning...
Valaris is seeing early signs of recovery in rig demand evidenced by new contracts for its fleet of drillships, semi-submersible, and jack-ups. The post Fresh start for Valaris with new contracts and...
View ArticleAker BP’s Hod platform set for installation in North Sea
The topside of the platform for the Hod field is transported today from Aker Solutions yard to the Aker BP-operated field in the North Sea. The post Aker BP’s Hod platform set for installation in North...
View ArticleStandard Drilling pockets $7.5 million after closing vessel sale
Offshore vessel operator S.D Standard Drilling has completed the sale of one of its platform supply vessels (PSVs). The post Standard Drilling pockets $7.5 million after closing vessel sale appeared...
View ArticleUlstein to convert two Esvagt PSVs to ERRV battery hybrid vessels
Esvagt and Ulstein have entered into a contract for the conversion of two platform supply vessels to ERRV battery hybrid vessels. The post Ulstein to convert two Esvagt PSVs to ERRV battery hybrid...
View ArticleWilliams’ infrastructure to serve Shell’s deepwater project
U.S. energy company Williams has reached an agreement with Shell and Chevron for the Whale deepwater project located in the Gulf of Mexico. The post Williams’ infrastructure to serve Shell’s deepwater...
View ArticleFPSO specialist eyes 2 GW of floating offshore wind
The Netherlands-based provider of systems and services to the offshore oil and gas industry has revealed its ambition to co-develop or participate as a technology or turnkey provider in 2 GW of...
View ArticleEquinor improves Vigdis recovery by 16 million barrels
A pump on the seabed gives the Equinor-operated Vigdis field in the North Sea a boost that increases production by around 16 million barrels. The post Equinor improves Vigdis recovery by 16 million...
View ArticleSolstad CSVs to support Petrobras and Prysmian ops
Solstad Offshore has secured a contract with Petrobras to support exploration and production activities in the Brazilian continental shelf. The post Solstad CSVs to support Petrobras and Prysmian ops...
View ArticleBHP to spend over $800 million on Shenzi and Trion projects
BHP has approved a total of $802 million in capex to execute the Shenzi North project and to move the Trion project into the FEED phase. The post BHP to spend over $800 million on Shenzi and Trion...
View ArticleHyundai Heavy lands order to build Shenandoah FPS for Gulf of Mexico
Beacon Offshore has signed a contract with Hyundai Heavy to deliver a floating production and storage unit for the Shenandoah project. The post Hyundai Heavy lands order to build Shenandoah FPS for...
View ArticleMurphy Oil awaits the arrival of King’s Quay FPS in Gulf of Mexico
Murphy Oil is expecting its floating production system for the King’s Quay project to reach a shore base in the Gulf of Mexico soon. The post Murphy Oil awaits the arrival of King’s Quay FPS in Gulf of...
View ArticleIn focus: The energy transition in high summer
Although we are in the midst of the summer holidays and mails are returned with out-of-office messages, some moves were made on the offshore energy chess board. Moves that show that the strategy of the...
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