Oil and gas company VAALCO Energy has hired DOF Subsea to perform subsea construction and installation services offshore Gabon, where the company operates the Etame field.The contract is for the support of the subsea reconfiguration associated…
British North Sea-focused oil producer EnQuest on Thursday reported its highest free cashflow in 2021 of $397 million, almost double the previous year, thanks to higher oil prices.EnQuest, with a market capitalization of $730 million, reduced its net debt by the end of last month to $1…
Australian oil and gas company Woodside has awarded subsea services firm DOF Subsea Australia a contract for subsea services and the retrieval of subsea Xmas trees from the Enfield field, offshore Australia.DOF said that the project would involve the recovery of 18 Subsea XTrees…
Brazil's oil production is expected to increase by around 300,000 barrels a day in 2022, an increase of 10% from last year, Minister of Mines and Energy Bento Albuquerque said on Wednesday.Albuquerque's statement was made at the opening of an…
Britain's new energy security strategy will look to expand domestic nuclear and offshore wind capacity to bolster the country's energy independence and bring down the cost of living in the future, Prime Minister Boris Johnson said on Thursday…
French offshore seismic surveyor CGG has secured a two-part Ocean Bottom Node (OBN) seismic imaging project by PXGEOover the Sapinhoá Shared Reservoir in the Santos Basin offshore Brazil.'The resulting data will bring improved geological insight to the asset operator…
Schottel said Wednesday it had reached an agreement with Norfolk-based Lyon Shipyard that positions both companies for the expansion of the U.S. offshore wind industry. The maritime propulsion specialist said the agreement was established based…
Italy's Prysmian said on Wednesday it would invest a total of one billion euros ($1.1 billion) in the 2022-2024 period.The plan - parts of which had already been announced to investors - includes investments for a new submarine cable factory…
Offshore Renewable Energy (ORE) Catapult, the UK-based research, and innovation center for offshore wind, wave, and tidal energy, has appointed Jane Stewart as a Non-Executive Director.'A Chartered Accountant with a background in private equity…
Indian national oil and gas company ONGC has informed it has commissioned a new offshore water injection platform WIS-R in the Arabian sea, offshore India.The platform will boost oil and gas recovery under Mumbai High Phase-IV redevelopment (MHSRD-IV)…
Russian and Kazakhstan oil exports via the Caspian Pipeline Consortium (CPC) from the Black Sea may fall by up to 1 million barrels per day (bpd), or 1% of global oil production, due to storm-damaged berths, a Russian official said on Tuesday…
Mobile satellite communications provider Inmarsat has reached an integrated connectivity agreement with Norwind Offshore, a Norwegian offshore wind vessel owner established in 2021.The agreement covers connectivity and digitalization needs for…
Russian gas deliveries to Europe through the Nord Stream 1 pipeline across the Baltic Sea dipped slightly on Wednesday, while gas continued to flow eastwards from Germany into Poland along the Yamal-Europe pipeline.Flows to Germany through Nord Stream 1 stood at 65…
ING Groep NV will no longer finance new oil and gas projects, its energy chief said, one of the first major global banks to commit to such a step in the fight against climate change.The move by the Dutch financial services firm raises pressure…
BP, the British oil major with growing renewables ambitions, has partnered up with Marubeni, the major Japanese integrated trading and investment conglomerate, to explore 'a selected offshore wind development opportunity in Japan.'The companies…