Denmark-based offshore wind developer Ørsted has named Richard Hunter as its Chief Operating Officer (COO) and new member of the Executive Committee of Ørsted as of June 1, 2021. Hunter joins Ørsted from a position as President of Rail Control Solutions and Wayside in Bombardier Transportation…
UK-based oil and gas firm IOG, developing Core Project Phase 1 in the UK North Sea, has awarded the Phase 1 Duty Holder contract for Installation and Pipeline Operator, as well as facilities operations and maintenance (O&M), to ODE Asset Management (ODE AM)…
Danish offshore drilling company Maersk Drilling has sold the jack-up rig Maersk Guardian to New Fortress Energy. The two firms have also signed a deal for the sale of the jack-up rig Mærsk Gallant with anticipated closing in June 2021. The…
Dutch offshore equipment firm SMST recently signed a deal with DOF Subsea to deploy a motion-compensated gangway from the SMST rental fleet aboard one of DOF Subsea's offshore vessels.SMST said this week that the gangway was installed a few weeks ago on DOF Subsea's Skandi Constructor vessel…
Offshore wind turbine maker GE Renewable Energy has signed a deal with Japan's Toshiba Energy Systems to localize crucial manufacturing phases of GE's giant 12-14 MW Haliade-X offshore wind turbine and to support the turbine's commercialization in Japan…
Swedish developer of twin offshore wind turbine technology Hexicon has this week said it will develop a demonstrator project for floating wind power at Metcentre’s deepwater area off of Norway’s coast. 'The project, TwinWay, is a pilot to commercialize new offshore floating wind technology…
Oil and gas company Spirit Energy has received consent for the extended use of the facilities on the Vale offshore field in Norway.The Vale gas field is located in the North Sea, 16 kilometers north of the Heimdal field. The field is developed…
Russia's largest oil producer Rosneft on Friday reported first-quarter net income of 149 billion roubles ($2 billion), buoyed by a recovery in oil prices, after a $2.1 billion loss a year earlier.Earnings at the group, which is around one-fifth owned by BP…
Oil and gas company Rockhopper Exploration said Friday that it had received notice that a final decision in its arbitration against Italy over the Ombrina Mare Field in the Adriatic Sea could come in July.The oil company started arbitration…
Venezuela's Socialist party-controlled National Assembly on Thursday ratified an 'anti-blockade' law, as President Nicolas Maduro seeks to attract private investment to boost the OPEC nation's struggling economy despite U.S. sanctions.The law…
The Blue X wave energy prototype from Mocean Energy has been unloaded at Hatston Pier in Kirkwall, Orkney, Scotland ahead of summer sea trials.The wave energy device, which is 20 meters long and weighs 38 tons, was built entirely in Scotland and transported by road from Rosyth to Aberdeen…
Magma Global has this week announced the delivery of what it claims to be the world’s first high-pressure composite riser pipe to HWCG’s storage location on the U.S Gulf Coast, completing its rapidly deployable Offset Flexible Riser (OFR) system…
Independent Oil and Gas (IOG), the UK-based company developing gas fields in the North Sea, said Friday it had signed a collaboration agreement with GeoNetZero CDT to explore carbon capture and storage opportunities.GeoNetZero CDT is Heriot-Watt University's Centre for Doctoral Training…
The new executive board of Brazil's Petrobras signaled on Thursday that it would largely follow plans set out by the previous administration, statements likely to ease investor concerns about the firm's tumultuous start to 2021.Chief Financial…
Angolan offshore drilling firm Sonadrill, the 50:50 joint venture between Seadrill and an affiliate of Sonangol, has secured a twelve-well contract in Angola for the Sonangol Quenguela drillship. The contract includes one option for nine wells and eleven one well options…