TotalEnergies EP Nederland has awarded a multi-million-dollar front-end-engineering design (FEED) contract to Petrofac for a CO2 injection platform as part of the Aramis carbon capture and storage (CCS) project in the Netherlands.The project…
Britain's decision to increase a windfall tax on oil and gas producers to help pay for its push to grow renewables will lead to a sharp drop in revenue and accelerate the ageing basin's decline, North Sea drillers said.The new Labour government…
Maritime Developments (MDL) has supported Italian underwater contractor Rana Diving in a rigid pipe installation in the Mediterranean.MDL’s 2-track tensioner spread was mobilized onboard a moored barge - AD3 - to install 4 km of 4-inch rigid pipeline off the east coast of Italy…
The U.S. Department of Energy’s Water Power Technologies Office has set out plans to provide up to $112.5 million in funding to advance the commercial readiness of wave energy technologies through open water testing and system validation.The…
UK-based tech-powered offshore wind solutions provider Rovco has been selected by Iberdrola to clear unexploded ordnance (UXO) in support of the development of the 315 MW offshore wind farm in the German Baltic Sea.Rovco carried out an investigation over several weeks…
DEME and OQ have signed an agreement with BP, which will join the companies as an equity partner and operator in the HYPORT Duqm project, a large-scale green hydrogen scheme being developed in Oman.BP will acquire a 49% stake, while OQ and DEME will each maintain a 25…
Shell reported second-quarter profit of $6.3 billion, a drop of 19% from the previous three months, as refining margins and oil and gas trading weakened, though still beating analysts' forecasts.The results were nearly 25% higher than a year earlier…
Oilfield services firm Archer has entered into an agreement with Air Drilling Associates to acquire its managed pressure drilling (MPD) subsidiary ADA Argentina.ADA provides MPD services to Archer's largest customers in the Vaca Muerta basin in Argentina…
Offshore drilling contractor Transocean has secured a $531 million contract with BP for its ultra-deepwater drillship Deepwater Invictus.Under the 1,095-day contract, the Deepwater Invictus will be deployed in the U.S. Gulf of Mexico.The program is expected to being in the first quarter of 2025…
Danish subsea cable and services firm NKT has started construction of a new cable extrusion tower for what’s said to be the world’s largest high-voltage offshore cable factory being built in Sweden.NKT has now started the slipform casting of concrete for the site’s third extrusion tower…
Ocean Power Technologies (OPT) has signed a reseller agreement for its technology with Geos Telecom, a provider of maritime communication and navigation solutions in Costa Rica.The partnership marks an expansion of OPT’s presence in the Latin…
OEG Offshore has secured a long-term Master Services Agreement (MSA) with a tier 1 well decommissioning company to provide helifuel inspections and aviation support services across the company’s offshore assets.The contract will see OEG Offshore…
23 Degrees Renewables and SEAJET Systems, two of OEG Renewables businesses within cables service line, have delivered a turnkey cable burial campaign for Nexans at an offshore wind farm site in the U.K.SEAJET utilised their innovative all-electric…
Brazilian oil and gas companies Enauta and 3R Petroleum have completed all conditions for the previously announced merger, which is set to be finalized on July 31, 2024.The merger follows the memorandum of understanding (MoU) the companies signed in April…
Offshore drilling contractor Shelf Drilling today has appointed Douglas Stewart as its Executive Vice President and Chief Financial Officer (CFO).The appointment follows the Shelf Drilling’s announcement from February 2024 that Greg O’Brien…