Great Lakes Dredge & Dock Corporation, the largest provider of dredging services in the United States, has launched the first U.S. flagged, Jones Act-compliant subsea rock installation (SRI) vessel, named Acadia, at Hanwha Philly Shipyard.The…
Energy services firms Saipem and Subsea7 have signed a binding merger agreement to create a leading energy services company under the name of Saipem7, which will have a combined backlog of over $50 billion.The binding merger agreement follows…
Europe's gas market could tighten further ahead of the winter season as storage levels remain well below last year and the continent faces competition from Asia for LNG shipments, the CEO of Norway's Equinor told Reuters on Wednesday.Europe's…
TotalEnergies reported a 23% fall in second-quarter earnings on Thursday, as expected, the French oil major's worst performance in four years, as higher upstream production failed to offset lower earnings caused by the recent plunge in oil and gas prices…
Trendsetter Engineering announced a contract award for the delivery of four 15K horizontal subsea tree systems, associated tooling and installation services to a major Gulf of America operator. This contract represents a significant milestone for Trendsetter…
Mellitah Oil and Gas will work with U.S. construction consulting firm Hill International to manage a project which aims to boost Libya's gas output, the country's National Oil Company (NOC) said in a statement on Wednesday.NOC said a cooperation agreement was signed during a visit by U…
Saipem achieved a semester of further growth, confirming the constant progression in operating and financial performance over the last three years which enabled, in the month of May, the distribution of the largest dividend in the company's history…
TotalEnergies has started production from the BEGONIA and CLOV Phase 3 projects, adding a total of 60,000 barrels per day of production offshore Angola.The start of production from the BEGONIA and CLOV Phase 3 offshore projects leverages ullage in the PAZFLOR and CLOV floating production…
Huisman has signed a contract with Dong Fang Offshore (DFO) for the delivery of a modular cable lay system, specifically designed for deployment across range of vessels.Huisman’s 30mt cable lay system will be suitable for deployment for DFO’s…
Texas-based oilfield services provider Expro has launched its most advanced BRUTE high-pressure, high tensile packer system, designed to help operators work more efficiently in the extreme conditions of deepwater wells.Engineered for the highest differential pressures in the market…
Offshore construction firm Lamprell has awarded Ventherm a contract to deliver a fully automated robotic solution for the surface treatment of transition pieces used in offshore wind foundations.This first-of-its-kind project introduces a fully…
CorPower Ocean has secured a grant from the EU Innovation Fund to support the development of VianaWave, a pre-commercial 10MW wave energy farm to be deployed off the coast of northern Portugal.The grant, in the amount of $46.8 million (€40 million)…
PACC Offshore Services Holdings (POSH), an offshore marine solutions provider, has expanded its towage and installation fleet with the addition of a new anchor handling towing (AHT) vessel, POSH Courage.This fleet enhancement strengthens POSH’s capacity to undertake larger or multiple towages…
Houston-based designer of mobile offshore drilling units Friede & Goldman (F&G) has signed an engineering agreement with Peak Ocean Offshore, a specialist in offshore asset conversion and lifecycle optimization, for the design and engineering…
Offshore drilling contractor Vantage Drilling has extended the expiration date for the conditional letter of award (CLOA) for its Platinum Explorer ultra-deepwater drillship, agreed with an undisclosed client.The 90-day validity period of the…