Turkish oil spill response firm MOST Maritime has acquired a Saab Seaeye Falcon ROV to help with the rapid detection of hazardous substances in Turkey’s offshore waters.'MOST Maritime’s emergency response team chose the remotely operated vehicle…
Malaysian state oil firm Petronas fell to a fourth-quarter loss on Friday hurt by lower oil prices and demand.Petronas announced in a virtual briefing a 1.1 billion ringgit ($272 million) loss after tax for the October-December quarter versus a profit of 4…
Australian offshore vessel operator MMA Offshore has won a contract with oilfield services company TechnipFMC to provide tug and barge support for 'a major subsea installation project in Australia.'MMA Offshore which did not share details on what project exactly it would be working on…
London-listed oil and gas company Energean has become the full owner of Energean Israel Limited, a company working to develop the Karish and Tanin fields in the Mediterranian Sea, offshore Israel.As previously reported, Energean in December…
Tullow Oil Plc said on Friday it has agreed to a new reserve-based loan of about $1.7 billion with its banks, taking its liquidity to roughly $900 million, including free cash and available debt.The oil and gas company, which has been in talks with creditors…
UK-based SSE Renewables and Spanish Acciona have this week signed an exclusivity agreement to create a joint venture targeting the emerging Spanish and Portuguese offshore wind markets. 'Spain and Portugal have both set net-zero emissions targets…
Africa-focused oil and gas company Vaalco Energy has completed the acquisition of Sasol's stake in the Etame Marin block offshore Gabon.The acquisition of Sasol's 27.8% working interest in the Etame Marin block has increased Vaalco's working interest to 58…
Italian energy services group Saipem said it was unable to provide guidance for the year due to the ongoing health pandemic after it missed earnings expectations, sending its shares down around 9%.'2021 is certainly not a back to normal year…
Norway launched a consultation on Thursday on a 2021 licensing round in mature areas in which it offered 84 new blocks for petroleum exploration, including 70 in the Arctic Barents Sea.The maps attached to a statement by the Petroleum and Energy…
The Two Towers consortium, comprised of Van Oord, Investri Offshore, and Green Giraffe, on Thursday said that the innovative Borssele Wind Farm Site V offshore the Netherlands had been fully commissioned. Designated an innovation site, Borssele V features two Vestas 9…
UAE-based ADNOC Drilling has taken delivery of the Shelf Drilling Journey jack-up drilling rig from Shelf Drilling, following the sale and purchase deal signed in December 2020.Offshore drilling contractor Shelf Drilling said Thursday that it had on February 24…
UTEC, an offshore energy survey firm, has won a survey contract in Mozambique to support the development of Eni's Coral Sul ultra-deepwater FLNG development. Under the contract, awarded by oilfield services giant TechnipFMC, UTEC will be responsible for pre-lay surveys…
Italian oil giant Eni has recently extended the contract for Saipem's Saipem 10000 drillship.The news was shared by the Italian energy services company Saipem on Thursday in its full-year and fourth-quarter 2020 report.'The most significant…
A former sales manager of Dutch energy services company SBM Offshore was on Wednesday convicted by a London jury of conspiracy to bribe public officials to secure lucrative oil contracts in Iraq after the fall of Saddam Hussein in 2003.Paul Bond…
Rovco, a UK-based provider of ROV services to the offshore energy industry, on Thursday said its CEO would lead a new start-up technology company, Vaarst, which will be looking for business opportunities in the wider industrial robotics sectors…