Drilling and engineering company KCA Deutag has named Ole Maier its new President of Offshore Business Unit.Maier, who has most recently served as Executive Vice President for Odfjell Drilling's Platform Drilling Operations, has succeeded KCA Deutag's Rune Lorentzen who will be retiring…
Offshore wind farm installation firm Swire Blue Ocean (SBO) has said that its Pacific Osprey jack-up is officially returning to operations with an extended crane boom designed to install the latest generation of wind turbines. 'With this upgrade…
Russian oil and gas companies Gazprom and RusGazDobycha have reached a final investment decision for the development of the Semakovskoye gas field in the Taz Bay in Yamal-Nenets Autonomous Area.The field, which is located in the waters of Taz Bay and partly on land in the Taz Peninsula…
Waterjet propulsion specialist HamiltonJet said it is currently working with Norway-based Offshore Windservice AS to convert five vessels from controllable pitch propeller (CPP) to waterjet propulsion and advanced control technology.At project completion…
Petrofac has won a firm contract to design, build and install the High Voltage Alternating Current (HVAC) onshore and offshore substations for the $3,8 billion Seagreen offshore wind farm project in Scotland.The news comes hours after it was…
French oil and gas major Total will buy a 51% stake in SSE Renewables' giant Seagreen 1 offshore wind farm project for an upfront payment at closing of 70 million pounds and earn-outs up to 60 million pounds in aggregate subject to performance conditions…
Spanish utility Iberdrola said on Wednesday it will invest up to 4 billion euros ($4.5 billion) over the next four years in France to develop renewable energy.Iberdrola said it is already investing 2.4 billion euros in the Saint-Brieuc offshore…
OPEC leader Saudi Arabia and non-OPEC Russia have agreed a preliminary deal to extend existing record oil production cuts by one month while raising pressure on countries with poor compliance to deepen their output cuts, OPEC+ sources told Reuters…
Offshore drilling contractor COSL Drilling Europe has signed a Master Framework Agreement with Equinor for the use of COSL's drilling rigs on the Norwegian Continental Shelf.The drilling company said the deal 'fully enables COSL to provide additional drilling units and services to Equinor…
Norwegian oil and gas firm OKEA will carry out maintenance works on its Draugen platform earlier than initially planned, following the Norwegian government's decision in April to cut oil production to support oil prices.OKEA's Draugen field in the Norwegian Sea…
Shares in Innogy, once Germany's No.1 energy group by market cap, are expected to be delisted this week, as rival E.ON said it completed a buy-out of minority shareholders as part of a broader deal to break up the firm.'In the months ahead,…
Oil rose on Wednesday, with Brent above $40 for the first time since March, as optimism mounted that major producers will extend output cuts and a recovery from the coronavirus pandemic will spur fuel demand.Brent crude futures for August were up 78 cents…
Walney Extension Limited, a joint venture owned by Ørsted (50%), PKA (25%) and PFA (25%), and the operator of the Walney Extension offshore wind farm in the UK, has signed an agreement for the sale of its transmission assets to Diamond Transmission Partners Walney Extension…
WFS Technologies (WFS) and Subsea Energy Solutions (SES) have joined forces in the space of condition monitored cable protection systems for the offshore energy industry.The collaboration will see WFS utilize its smart wireless Seatooth technologies…
A consortium of Bouygues, Saipem, and Boskalis has been awarded the contract for design, construction, and installation of 71 concrete Gravity-Based Structures (GBS) which will serve as foundations for the Fécamp offshore wind farm turbines in Normandy…