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BESIX wins Mozambique LNG marine facilities work
Brussels-based contractor BESIX has been selected to build the marine facilities of the Mozambique LNG project in partnership with Mota-Engil. Courtesy of BESIX Works include the construction of the...
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Vår Energi picks up where it left off with offshore drilling activities
Norwegian oil and gas company Vår Energi is resuming its drilling activities in the Barents Sea and the North Sea, which were postponed this spring due to the coronavirus pandemic and oil price...
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OPEC boosting oil production next month, wary of second COVID-19 wave
The Organization of the Petroleum Exporting Countries and its allies, also known as OPEC+, have agreed to increase supply from August as the global economy recovers from the COVID-19 pandemic. It is...
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BP plans to drill Ironbark well in October
BP’s environment plan for the Ironbark-1 exploration well has been approved by the Australian offshore regulator, NOPSEMA, and BP is preparing to drill the well in October 2020. Ocean Apex drilling...
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Aker Solutions merging with Kværner, names new CEO
Norwegian firms Aker Solutions and Kværner have entered into a merger plan to create an optimized supplier company. The consolidation will take the form of a statutory merger whereby Aker Solutions...
View ArticleAker Solutions to spin off offshore wind and carbon capture tech divisions
As it plans to merge with its compatriot Kværner, Aker Solutions also intends to spin off its wind development business as well as the carbon capture technology business. The move should see two...
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Climate change targets on OGCI, Shell, and Biden’s menu
Climate change was once again the “talk of the town” this week with OGCI revealing new carbon intensity targets, Shell’s CEO discussing his company’s 2050 net-zero plans, and Joe Biden revealing his...
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Former Pemex CEO returns to Mexico to face corruption charges
A former chief executive officer (CEO) of Mexican state oil company Petroleos Mexicanos (Pemex) arrived back to Mexico on Friday to face corruption charges. According to Reuters, he was extradited to...
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Norwegian oil output in June drops below NPD’s prediction
Norwegian oil production has dropped below predictions made by the Norwegian Petroleum Directorate (NPD) after being above the limit for two months in a row. According to the directorate’s report on...
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BOEM proposes 78.8 million-acre Gulf of Mexico lease sale
The U.S. Bureau of Ocean Energy Management (BOEM) will offer over 78 million acres for a region-wide lease sale scheduled for November 2020. BOEM said on Friday that it would offer approximately 78.8...
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Total inks $14.9 billion debt financing for Mozambique LNG
French energy giant Total said Friday it has signed a $14.9 billion senior debt financing deal for its Mozambique LNG project, the biggest project financing ever in Africa. Image: Total The project...
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Heerema’s Sleipnir vessel sets jacket lifting record
Heerema’s Sleipnir, the LNG-powered world’s largest semi-submersible crane vessel, has set a record for the largest single lift jacket removal. Heerema said on Monday that Sleipnir successfully...
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Vroon scoops three deals with Total
Dutch provider of offshore support vessels Vroon Offshore Services has secured contracts with Total’s UK entity for three emergency response and rescue vessels (ERRV). Vroon said last week that the...
View ArticleHalliburton drops to $1.7 billion loss in second quarter
Giant oilfield services provider Halliburton has recorded a $1.7 billion loss in the second quarter, which the firm attributed to $2.1 billion in impairments. Halliburton on Monday reported $3.2...
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Santos to take up to $560 million impairment hit
Australian gas producer and GLNG operator Santos said on Tuesday it will book non-cash impairments of up to $560 million after tax due to the effects of the Covid-19 coronavirus pandemic. GLNG plant...
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Lower oil prices hamper Oil Search Q2 revenue
The Papua New Guinea-focused oil and gas producer and PNG LNG stakeholder, Oil Search reported a drop in revenue due to lower oil prices. Courtesy of Oil Search The company saw its total revenue for...
View ArticleHMDC shuts in Hibernia production following fluid discharge
Production from the HMDC-operated Hibernia platform offshore Newfoundland, Canada, has been shut-in following a discharge of drilling and production fluids. Hibernia Management and Development Company...
View ArticleClaxton pens master service deal with Aker BP
Claxton, an engineering and services company in subsea services group Acteon, has signed a master service agreement (MSA) with Aker BP. Claxton said on Tuesday that the MSA covered Aker BP’s Norwegian...
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Fugro delivers phase one of Qatargas North Field survey
Dutch Fugro has completed the first phase of its offshore site investigation for Qatargas’ North Field production sustainability’s compression phase. The fieldwork started in March, and the phase one...
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Cortez pioneers pipelay technique off Malaysia
Cortez Subsea Cortez Subsea in partnership with Alam Maritim has completed the first ever subsea pipeline using the Zap-Lok mechanical connector offshore Malaysia. The project championed technology...
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