Romanian oil and gas group OMV Petrom is sticking for now to a price estimate of 2 billion euros net for its pending Black Sea offshore gas project, although it is reassessing the costs, its chief executive said on Tuesday. 'We're working through…
Aluminium vessel builder Strategic Marine has signed a memorandum of understanding with Purus Wind’s UK-based crew transfer vessel owner HST Marine, to build three Brevity-class crew transfer vessels. The agreement binds the two parties to negotiations…
Greece has concluded two-dimensional (2D) seismic surveys for two offshore blocks off the island of Crete, under its renewed drive to identify potential gas reserves, the state-owned energy resources company said on Monday. Greece, which views gas as a transition fuel as it ramps up renewables…
Seaway 7, a renewables-focused subsidiary of the offshore installation firm Subsea 7, has won a contract for the transport and installation of cables for the Hai Long offshore wind project in Taiwan.This contract award completes the key procurement for the project…
Brent oil prices fell on Tuesday as fears that a global economic slowdown would reduce fuel demand prompted investors to take profits on the previous day's gains. Traders are awaiting the minutes of the latest Federal Reserve meeting, due on Wednesday…
TechnipFMC has won a contract with TotalEnergies to supply flexible pipe and associated hardware for what it said was the French oil major's first subsea life extension project in West Africa.The project, in Angola's offshore Block 17, is related to the Girassol field life extension…
Offshore installation firm DEME Offshore will need to deploy its special drilling technology again to install offshore wind monopiles at an offshore wind farm in France, due to rough ocean conditions and a rocky seabed.The company recently secured…
Singapore-based mooring and anchoring specialist Mooreast Holdings said Monday it could bring at least 100 jobs to Aberdeen after signing a collaboration agreement that, it is hoped, would help the company realize its ambition to open a subsea foundation production facility there…
Brazilian state-run oil company Petrobras said on Friday its Chief Executive Officer Jean Paul Prates has appointed Sergio Caetano Leite to be the company's chief financial officer. Reuters had previously reported that Leite, Prates' business partner…
Merced Capital has completed the acquisition of Dubai-based offshore construction vessel owner and service provider Telford Offshore.Telford Offshore, which offers offshore consturction and pipelaying services, said that as part of the transaction…
Guyana Vice President Bharrat Jagdeo told Reuters the country plans to take back 20% of the giant Stabroek oil block that has been responsible for a series of massive discoveries from a consortium led by Exxon Mobil Corp., and remarket it by next year…
The Norwegian oil and gas company Equinor has given a longer-term charter to the Island Commander offshore supply vessel.The vessel, which is owned by Island Offshore, is currently on spot assignment for the same company.The 2009-built offshore…
Natural gas processing and transportation firm Williams Cos Inc said on Friday it executed deals with oil major Chevron Corp's unit to support natural gas development in the Haynesville basin as well as the deepwater Gulf of Mexico. Williams…
Scana-owned Trans Construction (ATC) has secured a contract for the delivery of two E-house modules for generator sets that will be part of an offshore wind farm. Scana said the contract, which includes the design, fabrication, and installation work…
A project aimed developing a solution to charge offshore vessels' batteries in the offshore wind farms was officially launched at a kick-off ceremony in Ålesund, Norway on Thursday.The project, called the Ocean Charger will be lead by Vard, with its sister companies Seaonics and Vard Electro…