Offshore drilling firm Valaris said Wednesday it had won a contract extension for one of its jack-up drilling rigs with Norway-based oil company Equinor.The contract is for the Valaris JU-291 jack-up drilling unit, formerly known as the Rowan Stavanger…
Norwegian-based Awind has secured a charter contract for its first “walk-to-work” Commissioning Service Operation Vessel (CSOV) at the Dogger Bank offshore wind farm in the UK.The contract at what will become the world's largest offshore wind farm will start in the second quarter of 2023…
Norwegian shipbuilder Ulstein has this week delivered the cable-laying vessel Nexans Aurora to its owner Nexans.The vessel will be used for the transfer and installation of subsea high voltage cables and a variety of subsea construction jobs…
Investment firms Arendals Fossekompani (AFK) and Ferd have formed an offshore wind joint venture named Seagust to seek acreage in an upcoming tender in their native Norway, the companies said on Wednesday.The venture will join several others that plan to bid in Norway's first offshore wind tender…
A landmark lawsuit filed against Guyana's government, arguing that oil production fuels climate change, could bolster legal action as court cases involving energy companies and state authorities surge, according to lawyers and environmentalists…
Ørsted, the world's largest offshore wind farm developer, is ramping up its investment in renewables to $57 billion by 2027, seeking to become a global leader in green energy and fend off growing competition.The Danish firm, which sold its oil and gas business in 2017…
Russia aims to make the fossil fuel-rich Pacific island of Sakhalin carbon neutral by 2025, and later to extend the ambition to its top oil production province in western Siberia, a deputy prime minister said.Along with the world's other leading…
Russian gas company Novatek has signed heads of agreement with Glencore for the long-term supply of LNG from the Arctic LNG 2 project.The agreement, signed Wednesday at Saint-Petersburg International Economic Forum, established the key commercial terms for the long-term supply of more than of 0…
Oil and gas drilling and engineering firm KCA Deutag said Wednesday it had secured $550 million worth of platform drilling contracts.KCA Deutag said the deals added 13 years to its contract backlog. According to the company, the agreements include…
Turkish President Tayyip Erdogan said late on Tuesday he would announce 'good news' regarding natural gas reserves in the Black Sea on Friday.In one of the world's biggest finds last year, Turkey said it discovered 405 billion cubic meters of natural gas in the Black Sea's Sakarya field…
Oilfield services and technology company Schlumberger has announced an enterprise-scale deployment of advanced digital solutions for the Malaysian oil and gas giant Petronas, to speed up the oil firm's field development planning.According to Schlumberger…
Subsea Integration Alliance, a partnership between Subsea 7 and Schlumberger's OneSubsea, has officially received the contract for the delivery of subsea equipment and flowlines for Equinor's recently sanctioned Bacalhau field development offshore Brazil…
Investment in energy is on track to recover by nearly 10% in 2021 as the world emerges from the COVID-19 pandemic, the International Energy Agency (IEA) said on Wednesday, but spending will fall far short of meeting urgent climate goals.More of the $1…
Portugal's Galp Energia will sharpen its focus on renewable energy and limit fossil fuel spending to already approved developments, resulting in a 20% cut in five-year capital expenditure, the company said on Wednesday.Oil and gas company Galp is following a broader trend…
Nigeria has awarded the rights to develop marginal oilfields to 50% of the 161 firms shortlisted after they met all the conditions, the petroleum regulator said on Tuesday.Nigeria is looking to production from the fields to bolster state finances and increase local participation in the oil sector…
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