Oil and gas company Energean on Thursday announced that Final Investment Decision has been taken on the North El Amriya and North Idkunea (“NEA/NI”) concession subsea tieback project offshore Egypt. The NEA concession contains two discovered…
INEOS Energy has chartered Dolphin Drilling's semi-submersible drilling rig Borgland Dolphin to drill its first operated well offshore Norway.The work is slated to begin during the third quarter of 2021 and includes drilling of the Fat Canyon…
The developer of the first major U.S. offshore wind farm said on Wednesday it will soon apply for a federal permit from President Joe Biden's administration, after former President Donald Trump's government abruptly canceled its initial application last month…
Two offshore drilling rigs, previously used for oil and gas exploration beneath the seabed, could soon help with space exploration.Namely, according to multiple reports this week, a company linked to billionaire Elon Musk bought two deepwater semi-submersible drilling rigs last year…
Germany boosted its offshore wind power capacity last year, topping its own targets, as Europe's largest economy drives its push into renewables, data from grid company TenneT GmbH showed on Wednesday.The Berlin government has raised offshore capacity targets to 20…
Subsea industry supply chain companies in the UK are looking a bit more optimistic, with an improved outlook, less redundancies, and more work in offshore wind expected in the near future, a survey by industry body Subsea UK has shown.Subsea…
Oil rose above $56 a barrel on Wednesday, supported by expectations the new U.S. administration will deliver massive stimulus spending that would lift demand, as well as by OPEC curbs and forecasts of a drop in U.S. crude inventories.U.S. Treasury…
Aberdeen-based oil and gas technology company, Deep Casing Tools (DCT), has secured new investment of £1.6 million from Scottish Enterprise and its long-term backer, EV Private Equity.DCT said the investment would help its build 'on its global success of the last two years…
Gilmore, a U.S.-based flow control solutions provider for the oil and gas industry, has appointed David Nemetz as its new Chief Executive Officer (CEO).The company is a subsidiary of Aberdeen-headquartered Proserv and provides flow control products and equipment for the drilling…
Dutch offshore construction firm Heerema Fabrication Group (HFG) has signed a contract with Iemants (part of Smulders) to construct the offshore transformer substation jacket for the Hollandse Kust (noord) offshore wind farm.The construction will occur at the HFG Vlissingen yard…
Australian oil and gas company FAR has executed the sale agreement with Woodside for its interest in the Senegal RSSD Project to Australia's Woodside.FAR had agreed to sell its Senegal interests, containing the Sangomar development, to India's ONGC Videsh in November 2020…
Danish offshore wind farm developer Ørsted has taken a final investment decision on the renewable hydrogen demonstration project at Avedøre Holme in Copenhagen, which will use offshore wind energy to produce green hydrogen.The project is expected…
Two Fieldwood Energy LLC oil workers face federal criminal charges for allegedly separately allowing crude oil spills from offshore U.S. Gulf of Mexico platforms to avoid required shutdowns.The two were indicted Tuesday for spills in 2015 and 2018…
Polish state-run utilities PGE Enea and Tauron, which generate most of their electricity from coal, will have their coal assets carved out to boost their offshore wind investment, the deputy state assets minister said on Monday.Poland generates…
Halliburton Co posted a better-than-expected fourth-quarter profit on Tuesday, buoyed by cost cuts and a recovery in demand for oilfield equipment and services after last year's industry slump, Reuters reported Tuesday.The second-biggest services…