Malaysia’s state-owned energy giant Petronas has sold a partial interest in its Canadian assets to MidOcean Energy, an liquefied natural gas (LNG) player formed and managed by the U.S.-headquartered investment company EIG Global Energy Partners (EIG). The post EIG’s MidOcean wraps up acquisition of stake in Petronas’ Canadian upstream portfolio appeared first on Offshore Energy.
Netherlands-based SBM Offshore, a provider of the design, construction, installation, and operation of offshore floating facilities, has landed a multi-year contract extension for two floating production, storage, and offloading (FPSO) vessels off the coast of Angola with Esso Exploration Angola, an affiliate of the U.S.-headquartered energy giant ExxonMobil. The post SBM Offshore’s FPSO duo staying with ExxonMobil offshore Angola until 2032 appeared first on Offshore Energy.
Three jack-up rigs, owned by Noble Corporation, ADES (former Shelf Drilling), and Borr Drilling, are carrying out oil and gas drilling activities in the Dutch sector of the North Sea (DNS) for Canada’s Tenaz Energy, the Netherlands-based ONE-Dyas, and Italy’s Eni. The post Noble, Borr Drilling, and ADES jack-up rig trio hard at work in Dutch North Sea appeared first on Offshore Energy.
The wave and tidal energy market is projected to grow to $1.85 billion by […] The post Wave and tidal energy to reach $1.85B by 2032, commercial deployment by 2031, report finds appeared first on Offshore Energy.
Norwegian vessel owner DOF Group has landed seven contract extensions with Brazil’s state-owned energy giant Petrobras, which will add more than $160 million to the firm’s backlog. The post DOF scores more work with Petrobras for vessel septet appeared first on Offshore Energy.
Meg O’Neill will become BP’s CEO from 1 April 2026 after Murray Auchincloss’ abrupt departure today. Carol Howle, current Executive Vice-President, Supply, Trading & Shipping, will serve as interim CEO until April. Auchincloss will serve in an advisory role until December 2026. O’Neill, currently CEO of Woodside Energy, oversaw the acquisition of BHP Petroleum International. Before joining Woodside Energy in 2018, she spent 23 years at ExxonMobil in technical, operational and leadership positions. Albert Manifold, Chair of BP, said her “relentless focus” on business improvement will prepare the multinational firm for its next growth phase. “The board believes this transition creates an opportunity to accelerate our strategic vision to become a simpler, leaner, and more profitable company,” he said. Auchincloss said after more than three decades with BP, now is the right time to hand… Read More »Woodside Energy CEO to become BP CEO from April | New Appointments
Prosafe, an Oslo Stock Exchange-listed semi-submersible accommodation vessel owner and operator, has won a letter of award (LoI) with North Sea-focused Ithaca Energy for one of its flotels. The post Ithaca books Prosafe vessel for North Sea gig in 2027 appeared first on Offshore Energy.
ScottishPower Renewables has selected Nexans as the supplier of 66 kV accessories for the […] The post Nexans to supply cable accessories for East Anglia Three offshore wind farm appeared first on Offshore Energy.
Norwegian shipbuilder VARD, a subsidiary of Italian shipbuilding company Fincantieri, has signed a memorandum […] The post VARD sets up strategic partnership with Norwegian research institute appeared first on Offshore Energy.
UK-headquartered energy giant BP has revealed changes to its leadership team as its current Chief Executive Officer (CEO) resigns from the role, which will be handed over to an interim one until the current CEO of Australia’s energy giant Woodside wraps her current job and can take over the same role at the British firm. The post Woodside’s CEO steps down to take the reins at BP appeared first on Offshore Energy.