SEACOR Marine, a leading provider of marine and support transportation services to offshore energy facilities worldwide, announced that it has entered into a new senior secured term loan of up to $391.0 million with an affiliate of EnTrust Global and separate agreements to build two platform supply vessels (PSVs) for a contract price of $41.0 million per vessel. According […]

President-elect Donald Trump’s plan to place a 25% tariff on energy projects could drive up prices for refiners and customers, while also hurting the Canadian oil market. President-elect Donald Trump has rocked the oil industry recently when he announced plans to implement a 25% tariff on all goods from Canada and Mexico. Energy products would […]

Despite crude oil prices trending higher so far this week, they are unlikely to have risen enough to encourage OPEC+ to reinstate its delayed plans to boost output in 2025. The exporter group, which includes the Organization of the Petroleum Exporting Countries and allies such as Russia, still has little room to maneuver on oil policy when […]

The Nigerian International Pipeline Technology and Security Conference (NIPITECS) 2024, held at the Abuja Continental Hotel, brought together industry leaders, policymakers, and pipeline professionals to explore critical solutions for Nigeria’s pipeline infrastructure. Engr. Cheta Okwuosa, representing Engr. (Dr.) Emeka Okwuosa, CON, Chairman and GCEO of Oilserv Group, delivered a compelling keynote address on the future […]

PETRONAS and China National Petroleum Corporation (CNPC) signed a Memorandum of Understanding (MoU) at the CNPC International Cooperation Forum, a key event at the 7th China International Import Expo (CIIE). Coinciding with the 50th anniversary of Malaysia-China diplomatic relations, this collaboration not only serves as a testament to the enduring friendship between the two nations […]

Dolphin Drilling AS announced today that its deepwater capable semisubmersible rig, Blackford Dolphin, has commenced its long-term exploration drilling contract with Oil India Limited offshore India. The rig arrived in Indian waters in October and has since completed customs clearance and client acceptance. Following the commencement, Dolphin Drilling will be positioned to demonstrate material improvement […]

TGS, a leading provider of energy data and intelligence, is pleased to announce award of the company’s first 3D streamer contract for the 2025 Northwest Europe summer season. Acquisition is scheduled to commence in May with a total duration of approximately 35 days. Kristian Johansen, CEO of TGS, commented, “We are very pleased to secure […]

Offshore ships above 400 GT are required to report GHG emissions data under the EU MRV regulation. The European Commission has adopted a Delegated Regulation defining which ship types fall under the category of offshore ships. Offshore ships above 400 GT are required to start reporting GHG emissions from 1 January 2025. The adopted Delegated […]

Wärtsilä Gas Solutions, part of the technology group Wärtsilä, will supply Nordic energy company Gasum with biogas upgrading and liquefaction solutions for their new bioLNG plant. The plant will produce high-quality bioLNG from agricultural and organic household waste. The order was booked by Wärtsilä in Q4 2024. When operational, the Wärtsilä offering will be capable of producing […]

Equinor has signed an agreement to acquire Sval Energi’s 11.8% share in the Halten East Unit. With this acquisition, Equinor increases its ownership to 69.5%. Halten East is an ongoing offshore development located in the Kristin-Åsgård area in the Norwegian Sea. The development comprises six gas discoveries and three prospects, which will utilise existing infrastructure […]