Offshore drilling firm Vantage Drilling has agreed to sell its subsidiary Emerald Driller Company (“EDC”) to ADES for $170,000,000 in cash subject to certain adjustments. EDC is the owner of the Emerald Driller jackup rig, which is operating in Qatar…
Russia's largest oil producer Rosneft said on Tuesday that its board has approved new strategy through to 2030 with the aim of achieving net-zero emissions by 2050, earlier than President Vladimir Putin's deadline.Climate scientists have said…
Oil prices rebounded on Tuesday after a sharp fall in the previous session as investors' appetite for risk improved, although they remained cautious amid the rapid spread of the Omicron coronavirus variant across the globe.Brent crude was up 84 cents…
Norway's oil and gas output in November fell from the previous month, preliminary data from the Norwegian Petroleum Directorate (NPD) showed on Tuesday.Crude oil output declined to 1.73 million barrels per day (bpd) in November from 1.82 million bpd in October…
Polish oil and gas company PGNiG has awarded a one-well contract for the CIMC-owned, Odfjell Drilling-managed, Deepsea Yantai offshore drilling rig.PGNiG's Norwegian subsidiary PGNiG Upstream Norway will use the Deepsea Yantai semi-submersible drilling rig to drill the Copernicus well on PL 1017…
GMS, a provider of jack-up service vessels for the offshore energy industry, has secured two new contracts for its E Class vessels.One E Class (Large Class) award includes a 6-month contract including options, for an unnamed renewables client in northwest Europe…
Energy expert and assurance provider DNV has provided Swedish floating wind tech firm Hexicon with a Statement of Feasibility for its TwinWay demonstrator which will be installed and operated at Metacenter, off the coast of Norway. With achieving this first step in the certification process…
Oil and gas company Neptune Energy has awarded a two-year contract extension to the oilfield services firm Petrofac.The contract extension, taking effect from January 1, 2022, is for engineering services for the Neptune-operated Cygnus Alpha and Bravo platforms in the UK Southern North Sea…
Norwegian offshore vessel owner Siem Offshore has secured a contract with the compatriot oil and gas company Equinor for the Siem Opal anchor handling tug supply vessel.The contract is for a firm six-month period, starting during March/April 2022…
Danish offshore drilling company Maersk Drilling has for the past two years lead the development of what it says is 'a first-of-a-kind product' to support the digitalization of offshore drilling processes. The solution, named RigFlow, has now…
Dubai shipyard Drydocks World said it recently completed its latest conversion project for Dutch dredging and heavy lift company Boskalis.The former drillshipship, now a crane vessel named Bokalift 2, has been converted in preparation for carrying out a variety of offshore operations…
Norwegian oil company Equinor has obtained regulatory consent for the use of Odfjell Drilling's Deepsea Atlantic semi-submersible drilling rig at the Johan Sverdrup oil field.The consent was granted by the Petroleum Safety Authority Norway and…
Spanish renewable energy giant Iberdrola has via its subsidiary Avangrid been awarded a contract for the electricity supply from Commonwealth Wind offshore wind farm, as part of Massachusetts’ third offshore wind competitive procurement.'The 1…
Brazilian oil and gas company Enauta has informed that production has resumed from the Manati field, offshore Brazil, after a recent output halt caused by a valve issue.Enauta said that Petrobras, the operator, had informed it that the production resumed on Sunday…
Offshore wind developer Ørsted said Monday that first power on Hornsea 2 offshore wind farm in the UK was achieved after its offshore substation (OSS), the world’s largest offshore AC substation, and reactive compensation station (RCS), were installed in late October 2021…