China National ƶijϻ Oil Company (CNOOC) has posted an 11.4% net profit growth in 2024, marking a record year of oil and gas production, which has been increased by 7% compared to a year earlier.In 2024, CNOOC recorded a net oil and gas production of 726…
Northern ƶijϻ Group (N-O-G), an NYK Group company, has purchased Mistral Enabler service operation vessel (SOV) from Edda Wind.The 81-meter-long Mistral Enabler SOV, with an onboard capacity for 60 people, will be renamed Northern Ocean…
Kanadevia Corporation, Taisei Corporation, and Mitsui O.S.K. Lines (MOL) have signed a memorandum of understanding (MoU) to collaborate on the commercialization of floating offshore wind power generation.Kanadevia and Taisei, which specialize in construction and fabrication of floating foundations…
The HSI joint venture, comprising HSM ƶijϻ Energy, Smulders, and Iv, has successfully moved the Jasmund ƶijϻ Substation (OSS) topside and lifted the transformers for 50Hertz at HSM ƶijϻ Energy’s Stormpolder yard in the Netherlands…
NEO Energy and Repsol Resources UK have entered into strategic merger, creating one of the largest U.K. North Sea independent oil and gas companies under the name of NEO NEXT.Under the terms of the transaction, the combined business will be…
Aker BP and its partners have completed drilling on the Kongeørn prospect in the Norwegian Sea without making a discovery as the wildcat well proved to be dry.Wildcat well 6507/2-8 is situated in production license 942, which was part of the Awards in predefined areas (APA) 2017…
India’s EPC contractor Larsen & Toubro (L&T) has secured its largest-ever contract, worth over $1.8 billion, from QatarEnergy LNG for work on the expansion of the North Field, one of the largest natural gas fields the world.The contract is for…
BP Trinidad and Tobago has taken the final investment decision (FID) for the Ginger gas development offshore Trinidad and Tobago, while marking the exploration success at its Frangipani well.Taking FID on Ginger and discovering gas at Frangipani…
BP is exploring the sale of minority stakes in two of its most valuable Gulf of Mexico oil projects — Kaskida and Tiber — as the energy giant recalibrates its strategy to prioritize oil and gas, according to two sources familiar with the matter…
McDermott has been selected by Shell Global Solutions International for an Enterprise Framework Agreement (EFA) for engineering and procurement services and integrated project management team services (IPMT).The EFA has a duration of three years with two one-year optional extensions…
The ƶijϻ Wind Growth Partnership (OWGP) has announced the recipients of its first-ever Manufacturing Facility Support Program (MFSP), designed to drive investment and increase U.K. offshore wind manufacturing capacity and capability.A total of $1…
BW ƶijϻ has closed the sale of the floating production, storage, and offloading (FPSO) BW Pioneer to a subsidiary of Murphy Oil Corporation for $125 million.Following the close of the transaction, BW ƶijϻ has received the initial payment of $100 million…
Danish offshore wind installation firm Cadeler has taken delivery of its latest jack-up wind turbine installation vessel (WTIV), Wind Pace, marking another significant milestone in the company’s ongoing fleet expansion.Delivered safely, on time…
OMV and its partners have drilled a dry well on the Horatio prospect in the North Sea, using Transocean’s Transocean Norge semi-submersible rig.The well 35/6-6, dubbed Horatio, is located in production license 1109, operated by OMV with 30% working interest…
Norwegian oil and gas operator DNO has made an important oil and gas discovery in Northern North Sea license PL1182 S, using Odfjell Drilling’s Deepsea Yantai semi-submersible rig.The discovery was made in Paleocene injectite sandstones of excellent…