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Egypt Okays BP, Mubadala Acquisition of Stake in Eni's Noor Concession

Dec 10, 2018

Egypt’s petroleum ministry has signed an agreement for UK Petroleum giant British Petroleum (BP) and UAE investment fund Mubadala to buy a 45 percent stake in the country's Noor offshore natural gas concesion in the Mediterannean from Italy’s Eni…

Talos Energy Begins Zama Discovery Appraisal Program

Dec 05, 2018

Talos Energy  has spudded its Zama-2 appraisal well, beginning the Zama discovery appraisal program, which will consist of three reservoir penetrations, including two wells and one sidetrack.The Zama discovery, which is located in Block 7 in the Sureste Basin…

Prelude FLNG to Start Producing at End-2018

Dec 04, 2018

Royal Dutch Shell expects production at its Prelude floating liquefied natural gas (LNG) unit to start at the end of the year, a spokeswoman told Reuters on Tuesday.'We continue to progress Prelude towards operations, with safety and quality being our main focus…

Ørsted Hires Focus Consultants on Sustainable East Coast Offshore Hub

Dec 03, 2018

Focus Consultants has been appointed to deliver sustainability services for a new East Coast Hub for the offshore wind giant, Ørsted, which is currently building the biggest offshore wind farms in the world.Currently in construction on the Royal Docks at Grimsby…

E.on Officially Opens Rampion Offshore Wind Farm

Dec 03, 2018

The 400-MW Rampion offshore wind farm off the Sussex coast in the UK has been officially opened, said German energy company E.on SE.  The offshore wind farm now generating enough green electricity for around 350,000 UK homes setting a new power record in the country…

Mitsubishi Corporation Part-divests in Moray East Offshore Wind Project

Dec 03, 2018

Japan's largest trading company  Mitsubishi Corporation (MC) announced the divestment of shares in Diamond Green Limited, with 30% to be transferred to The Kansai Electric Power Co., Inc (KEPCO) and 20% to Mitsubishi UFJ Lease & Finance Company Limited (MUL)…

Aquaterra to Install Two Platforms for FIRST E&P in Nigeria

Nov 27, 2018

Global offshore engineering solutions provider Aquaterra Energy in conjunction with Maerlin Nigeria Ltd, its local partner, has been awarded a contract by FIRST Exploration and Petroleum Development Company Ltd (FIRST E&P) to design, engineer…

Østensjø Rederi Bags New Contracts

Nov 27, 2018

Norway-based international provider of marine services in the offshore and towage sectors Østensjø Rederi has been awarded a contract by a major European energy company for operation in the renewable sector.The contract commenced in November…

First Steel Cut for Karish and Tanin FPSO

Nov 27, 2018

Energean Oil and Gas announced that first steel was cut on the Karish and Tanin floating production storage and offloading (FPSO) vessel at the COSCO yard in Zhoushan, China, on Monday. The FPSO is scheduled to be delivered to the Karish field offshore Israel in late 2020…

DEME Launches Orion

Nov 23, 2018

Belgian offshore vessel owner DEME has launched its next generation, giant new offshore installation vessel ‘Orion’ in a ceremony at the COSCO Qidong shipyard in China. ‘Orion’ will feature an unrivalled combination of exceptionally high transport and load capacity…

Ineos Completes Clipper South Re-routing Project

Nov 22, 2018

UK-based oil products company Ineos Oil and Gas UK has completed a project to re-route production from its Clipper South field via the Shell operated Clipper field into the Bacton processing terminal.According to a company release, the USD 80…

Heerema Fabrication Group Sells UK and Netherlands Yards

Nov 22, 2018

Dutch offshore construction and engineering company Heerema Fabrication Group (HFG) intends to divest a significant part of its activities in the field of design and fabrication of complex steel constructions for the offshore market.HFG has…

Sapura Energy Wins Contracts in Mexico, Malaysia

Nov 21, 2018

Malaysia-based integrated oil and gas services Sapura Energy Berhad has strengthened its presence in Mexico and Malaysia with new contract wins valued at approximately RM1.75 billion (USD 410 mln).The new contracts have lifted the company’s…

Deutsche Bucht Offshore Wind Substation Nears Completion

Nov 21, 2018

Ten months after the final assembly of the offshore substation (OSS) for the new Deutsche Bucht offshore wind farm started at Damen Shiprepair Vlissingen (DSV), the substation topside has now been moved outside the construction hall so that further outfitting can take place…

Johan Castberg Topside Construction Begins

Nov 21, 2018

Norwegian minister of petroleum and energy Kjell-Børge Freiberg cut the first sheet for the topside of the Johan Castberg floating production, storage and offloading unit (FPSO) at Kværner's yard at Stord on Wednesday as part of a large scale  project triggering ripple effects throughout Norway…

Current News

Wood Secures Subsea Design Scope on QatarEnergy’s Bul Hanine Redevelopment

Wood Secures Subsea Design Scope on QatarEnergy’s Bul Hanine Redevelopment

Oil Prices Rise as Iran Talks Stall and Inventories Shrink

Oil Prices Rise as Iran Talks Stall and Inventories Shrink

Indonesia Puts 13 Oil And Gas Blocks on Bidding Round Offer

Indonesia Puts 13 Oil And Gas Blocks on Bidding Round Offer

BP Adds Three Exploration Blocks off Indonesia

BP Adds Three Exploration Blocks off Indonesia

Indonesia Signs Eight Oil and Gas Contracts

Indonesia Signs Eight Oil and Gas Contracts

Inpex Inks Abadi LNG Gas Supply Deal With Indonesian State Firms

Inpex Inks Abadi LNG Gas Supply Deal With Indonesian State Firms

Energean Cuts 2026 Output Forecast After Israel Shutdown

Energean Cuts 2026 Output Forecast After Israel Shutdown

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Japanese auto exports to Middle East plummet in April due to war disruptions
India's electricity demand reaches a record of 270 GW despite outages due to scorching heat
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