Offshore power cable manufacturer Nexans has recently awarded iSURVEY a NOK 150 million (around $16,85 million) for survey and positioning services.Majority-owned by Norwegian private equity firm, Norvestor, iSURVEY will support Nexans’ offshore high voltage cable installation projects globally…
Billionaire John Fredriksen-owned offshore drilling company Northern Drilling said Tuesday it had canceled a drillship resale contract with the South Korean shipbuilder Daewoo Shipbuilding & Marine Engineering (DSME).In May 2018, Northern Drilling…
Dutch offshore survey services firm Fugro has won a contract to carry out geophysical investigations for Germany's Federal Maritime and Hydrographic Agency (Bundesamt für Seeschifffahrt und Hydrographie (BSH)).'The award is in line with the…
Guyana aims to increase its oil royalties and revamp other contract terms as part of a new profit-sharing agreement (PSA) for future crude and gas projects now in its draft stage, the South American nation's vice president said on Tuesday.The…
Qatar Petroleum (QP) has set the term price for al-Shaheen crude cargoes loading in October at $2.62 a barrel above Dubai quotes, the lowest premium in two months, several trade sources said on Wednesday.The price was set after QP sold three cargoes via a tender at premiums ranging from $2 to $2…
Shares in BHP Group and Woodside Petroleum fell on Wednesday as investors on both sides raised questions about the value of the Perth-based oil and gas group's proposed $29 billion merger with BHP's petroleum arm.While a 6% fall in BHP's share…
Offshore drilling firm Valaris has secured contracts with Shell Namibia Upstream B.V. and Shell Sao Tome and Principe B.V. offshore Namibia and Sao Tome and Principe, respectively, for its drillship VALARIS DS-10.The contracts for the 2017-delivered offshore rig are each for one well…
Simply Blue Group, an Irish-based floating offshore wind pioneer with over 3.2 gigawatts (GW) in development in Ireland and the UK, on Tuesday unveiled its key leadership team for new operations in the U.S., targeting floating wind development opportunities there…
Toronto-listed SNC-Lavalin has completed the closing of the sale of its Resources Oil & Gas business on August 15, following receipt of Saudi Arabian regulatory approval.SNC-Lavalin previously said that it had closed the sale of a substantial portion of its Resources Oil & Gas business on July 29…
Wave energy technology company Eco Wave Power has entered into a collaboration agreement with the Israeli Navy, to examine the feasibility of installing the Eco Wave Power technology in the Navy's bases.Eco Wave Power will start the procurement…
The UK government has announced its first-ever Hydrogen Strategy, which it hopes will create 'tens of thousands of jobs, billions of pounds in investment and new export opportunities,' over the next decade and beyond and create a world-leading hydrogen economy…
U.S. Department of Energy (DOE) has awarded a grant to wave energy solutions provider Ocean Power Technologies to further the development of a next-generation wave energy converter.'Investment by the U.S. government towards the commercialization…
INEOS Energy, Wintershall Dea, and a consortium of 29 companies, research institutes, and universities, on Tuesday, signed an agreement to support the next phase of the Greensand pilot project to demonstrate the safe and permanent storage of CO2 in offshore reservoirs in the North Sea…
UK-based Global Energy Group and Swiss-based integrated energy company, Proman have partnered up to develop a renewable power to methanol plant using local sources of captured CO2 to be located at the Nigg Oil Terminal in the Highlands of Scotland…
BHP Group has agreed to sell its petroleum business to Woodside Petroleum in a merger to create a top 10 independent oil and gas producer worth A$38.5 billion ($28 billion) with growth assets in Australia and the Americas.BHP's exit from petroleum…