MHI Vestas Offshore Wind has signed a conditional agreement for the Moray East offshore project in the UK. The project is to be delivered by MHI Vestas Offshore Wind and will not enter into the order backlog of Vestas Wind Systems A/S. If…
Iranian Offshore Oil Company has recovered its 19th crude oil consignment from the oil layer of the South Pars field in the Persian Gulf. According to news service Shana, the cargo was loaded on the FPSO Cyrus over two days last week. This…
Golar hopes its pioneering floating liquefied natural gas project in Cameroon will lead to further schemes in West Africa after it struck a deal to use the concept at BP’s Tortue gas development, its chief executive said on the 23rd August. The Hilli Episeyo…
Right before Norway’s biggest oil project in decades got the go-ahead in 2015, crude prices fell off a cliff. That turned out to be perfect timing. The crash forced desperate suppliers like platform builders and offshore drillers to cut their prices, allowing Equinor ASA…
Norwegian offshore vessel owner Østensjø Rederi has agreed to sell its offshore construction vessel Edda Fonn to the New Zealand Navy. The 2003-built Edda Fonn vessel, which has been working in the offshore oil and gas industry for years will be outfitted with the dive…
Employment in the UK offshore oil and gas sector fell 14% in 2017, to around 280.000, Oil & Gas UK said in its workforce report on the 23rd August. The report, however, notes a slight increase in offshore jobs for 2018. The industry body…
Scottish public sector revenue was estimated as US$76.7 billion (£59.6 billion) in 2017-18, of which US$1.6 billion (£1.3 billion) was North Sea revenue. That is according to the latest Government Expenditure and Revenue Scotland (GERS) publication, which highlighted that non-North Sea revenue jumped 3.6…
US Energy Corporation has entered into a Memorandum of Understanding to acquire oil and natural gas producing properties targeting the Bakken formation of North Dakota, the company announced on the 22nd August. The US$17.8 million agreement with APEG, an affiliate of APEG Energy II,…
BHP’s latest exploration well offshore Trinidad and Tobago has encountered hydrocarbons. The initial well in the company’s Northern licence area, Bongos-1, had to be cut short after experiencing mechanical issues. Bongos-2, spudded by the Deepwater Invictus on the 23rd July, was more successful,…
Bosch is pressing ahead with the development of fuel-cell technology for potential new power systems. Together with the technology specialist Ceres Power, based in Horsham, England., the company wants to develop the next stage of solid-oxide fuel-cell (SOFC) technology. Bosch also plans to…
