Offshore drilling firm Valaris said Thursday its CEO Tom Burke would step down from his position as President and Chief Executive Officer and member of the Board of Directors, and that its CFO Jon Baksht would step down, too, both effective September 2…
The American Bureau of Shipping said Thursday that an FPSO duo being built for Brazil's Petrobras would be constructed to ABS Class.The sister FPSOs are currently named P-78 and P-79 and will be deployed at the giant Buzios pre-salt offshore oil field in Brazil's Santos Basin…
Exxon Mobil Corp sees its investments in Brazil's offshore helping the company achieve a goal of lowering carbon emissions in its oil and gas production, country head Juan Lessmann said on Wednesday.Exxon's board is considering a pledge to cut…
A U.S. offshore regulator on Wednesday said efforts to resume a federal oil and gas leasing program are underway and would soon bear results following a court decision ending a suspension.The Biden administration this week challenged the court decision…
China's top offshore oil and gas driller CNOOC Ltd said on Thursday its first-half net profit more than tripled from a low base last year, supported by rebounding oil prices and recovering energy demand after the pandemic.CNOOC Ltd, a listed branch of China National Offshore Oil Corp…
Belgium-based offshore installation firm Jan De Nul has won a contract to install 130 miles of inter-array cables for the Vineyard Wind 1 offshore wind project in the U.S. The cables will be delivered by UK-based JDR Cable Systems, part of the TFKable Group…
ABB has secured a contract worth around $120 million to supply the overall Electrical Power System (EPS) for Chevron's multi-billion-dollar Jansz-Io Compression (J-IC) project, offshore W. Australia.The Jansz-Io field is located around 200 kilometers offshore the north-western coast of Australia…
UK-based oil and gas company Harbour Energy has hired Maersk Drilling's jack-up rig Mærsk Innovator to drill three subsea development wells in Block 28/9, near the Catcher field, on the UK Continental Shelf. The nine-month contract, which will see the rig reactivated…
The market hasn't exactly cheered BHP Group's proposed exit from its oil and gas business, with shares of both the mining giant and the acquirer, Woodside Petroleum, tumbling in the wake of deal.A point of concern for investors is that BHP may have sold the assets too cheaply…
Belgian offshore installation firm DEME Offshore said Thursday it had installed the first offshore wind substation in France, at the Saint-Nazaire offshore wind farm site. The installation of the 2,100-ton substation was carried out by Allseas' giant Pioneering Spirit vessel…
ABS said Wednesday that the new FPSO ordered by China National Offshore Oil Company Energy and Technology Services Company (Cenertech) to serve the Lu Feng 12-3 Oilfield would be built to ABS Class.The 100,000 DWT FPSO is the center of a development…
UK-based oil and gas firm Jersey Oil & Gas has decided to let two North Sea licenses expire as they're not part of the company's Greater Buchan Area hub project.The licenses in question are P2497 Block 20/4c (Zermatt) and P2499 Block 21/2a (Glenn)…
Eneti, a company until recently known as Scorpio Bulkers, has completed the exit from its bulk carrier business and has also completed the acquisition of Seajacks, boosting its offshore wind ambitions.In its quarterly results release on Tuesday…
Offshore power cable manufacturer Nexans has recently awarded iSURVEY a NOK 150 million (around $16,85 million) for survey and positioning services.Majority-owned by Norwegian private equity firm, Norvestor, iSURVEY will support Nexans’ offshore high voltage cable installation projects globally…
Billionaire John Fredriksen-owned offshore drilling company Northern Drilling said Tuesday it had canceled a drillship resale contract with the South Korean shipbuilder Daewoo Shipbuilding & Marine Engineering (DSME).In May 2018, Northern Drilling…