Subsea services company DeepOcean has agreed to acquire the Norwegian engineering and technology company Installit AS from Oslo-listed Endúr ASA to strengthen the group’s offering within offshore renewables. DeepOcean and Endure have agreed to not disclose the financial details of the transaction…
Offshore drilling contractor Valaris on Wednesday announced multiple contracts and contracts extensions worth $181 million in total for its offshore drilling rigs. The contracts were awarded after Valaris last issued its fleet status report on February 21…
Italian oilfield services company Saipem will be providing maintenance services for the floating facility Coral Sul FLNG for liquefied natural gas offshore Mozambique, under a contract awarded by the Coral FLNG S.A consortium.The Coral FLNG…
Inocean, a Norwegian subsidiary of Technip Energies, has received an Approval in Principle (AiP) and Basic Design Approval for DNV for its new INO12TM semisubmersible platform concept. An Approval in Principle (AiP) is an independent assessment of a concept within an agreed framework…
Canada-Newfoundland and Labrador Offshore Petroleum Board (C-NLOPB) is set to have its mandate expanded beyond just oil and gas, to include the regulation of offshore renewable energy.C-NLOPB was established in 1986 to regulate oil and gas-related…
Copenhagen Infrastructure Partners' CI IV fund and Italy's GreenIT have signed agreements to build two floating offshore wind farms in Sicily and Sardinia.The wind farms are to be located more than 35 km from the coast and will have a total capacity of approximately 750MW…
Norwegian energy company Equinor has partnered up with Naturgy, with the two firms entering a development agreement prior to Spain’s first upcoming offshore wind auction off the coast of the Canary Islands.The Spanish government plans to develop up to 3 GW of offshore wind by 2030…
Brazilian Economy Ministry official Caio Mario Paes de Andrade has emerged as a strong candidate to lead state-run oil company Petrobras, after energy consultant Adriano Pires declined the government's nomination, a government official told Reuters on Tuesday…
Danish offshore wind farm developer has acquired a majority stake in the 100MW Salamander floating wind joint venture set up by Simply Blue Group and Subsea 7.Ørsted will own an 80% stake in the project off the east coast of Scotland as Simply Blue Group’s newest JV partner on the project…
Privately-held Accuweather Inc forecasts 2022 will be the seventh straight above-average Atlantic hurricane season seeing the formation of between three and five major hurricanes with sustained winds of at least 111 miles per hour (178 kph)…
The website of Gazprom Neft, the oil arm of Russian gas giant Gazprom, went down on Wednesday after an apparent hack, in what looked like the latest attack on government-linked pages over Russia's actions in Ukraine.What looked like a hacked…
Norwegian seismic data firm TGS, has announced a new 3D seismic survey in the Red Sea, offshore Egypt, in partnership with the oilfield services giant Schlumberger.This is the second phase of the new acquisition for the two companies in the region and will encompass a minimum of 5…
Germany's economy and climate ministry presented a package of measures on Wednesday to speed up the expansion of renewable energy, as the need to reduce the country's heavy reliance on Russian fossil fuels adds urgency to its green transition plans…
Italian offshore services firm Saipem has won new offshore drilling contracts in the Middle East and Africa worth over $400 million in total.In the Middle East, Saipem has won contracts for two high-spec jack-up drilling rigs units. The contracts…
Greece plans to accelerate gas exploration in its western and southern waters in a fresh drive to tap domestic resources amid soaring energy prices and concerns over Russian gas supplies, government sources said on Tuesday.Greece has produced…