With the mystery of the blasts that destroyed undersea gas pipelines between Russia and Germany unsolved, Nord Stream 1's insurers and reinsurers are grappling with how to respond to hundreds of millions of dollars in potential claims. Munich…
Oil major Shell is set to spud the high-impact Pensacola well in the North Sea next month, Deltic Energy, Shell's partner in the project, said Tuesday.Shell informed Deltic Energy that preparations were underway to move the Maersk Resilient jack-up drilling rig to the Pensacola location…
Oil and gas producer Wintershall Dea said on Tuesday that its most closely watched measure of earnings more than doubled in the third quarter of 2022 and that it would seek to strengthen business in locations outside Russia.Wintershall Dea…
The ocean bottom node seismic services provider Magseis Fairfield has signed a collaboration deal agreement with Dutch geotechnical services company Fugro.Under the agreement, the duo will work together on project opportunities, including wide…
Halliburton Co posted a rise in profit for the third quarter on Tuesday, wrapping up an upbeat earnings season from the world's top oilfield services providers on strong demand fueled by higher oil prices. Brent crude averaged $98.96 a barrel during the third quarter…
Rovco, a provider of subsea robotic and hydrographic survey services, will deliver and install offshore rock bags at the Galloper offshore wind farm in the Outer Thames Estuary, offshore the UK.The project scope includes installing rock bags…
Subsea services firm DOF Subsea Australia was on Tuesday convicted of three counts of negligently breaching its health and safety requirements as an employer during saturation diving operations at an offshore field in Australia in 2017.According to Australia's offshore oil and gas safety regulator…
Norway's maritime tech specialist, Kongsberg Maritime, has secured a delivery contract with an undisclosed partner for a HUGIN Endurance AUV System.HUGIN Endurance is a long-range autonomous underwater vehicle (AUV) designed for shore-to-shore operations…
Chinese offshore drilling contractor China Oilfield Services Limited (COSL) said Monday it had recently signed several long-term drilling rig service contracts in the Middle East. The contracts are worth around RMB14 billion (~$1,92 billion) in total…
German oil and gas company Wintershall Dea has agreed to acquire a 37% non-operated participating interest in the Hokchi Block, offshore Mexico, from Hokchi Energy, a subsidiary of Pan American Energy.Wintershall Dea will have an option to…
Wind industry service company FairWind has appointed Sisse Mai as Chief Financial Officer (CFO) and member of the Executive Management.She will join the company no later than February 1, 2023, reporting to CEO John Funch.Mai has most recently…
DNV, the independent expert in assurance and risk management, has qualified Aker Carbon Capture's Just Catch Offshore modularized carbon capture facility for offshore installations.According to Aker Carbon Capture, the solution is now ready…
Denmark's Ørsted and Copenhagen Infrastructure Partners (CIP) have teamed up to develop 5.2 gigawatts (GW) of offshore wind in Denmark, corresponding to more than double the country's current installed capacity, the two companies said on Tuesday…
Ocean Winds, a joint venture between Portugal's main utility EDP and French company Engie, said Monday that its BC-Wind project in the Polish section of the Baltic Sea had received the “Environmental Decision,” meaning that the project successfully…
PPL Corporation and Elia Group, through its subsidiary WindGrid, on Monday announced a deal to develop and propose innovative transmission solutions to reliably and efficiently integrate future offshore wind capacity to the onshore grid in New England…