STATS Group, a wholly owned subsidiary of Mitsui & Co, has developed mechanical pipe connectors, aimed at addressing increased demand in the Norwegian oil and gas sector.Titanium is better suited to high-stress corrosive environments found in…
The Kuwait Foreign Petroleum Exploration Company (KUFPEC) has secured approval for its development of the Anambas block in Indonesia, where it aims to acquire more projects, officials said on Thursday.KUFPEC will invest about $1.54 billion to…
Two weeks after the successful load out, the steel topside for the Hollandse Kust (west Beta) substation platform is ready to leave the port of Hoboken near Antwerp in the Netherlands for its final North Sea destination.The topside is schedule to leave the Dutch port on May 17…
Scotland-based PBS has secured extension of its General Maintenance and Operations Contract (GMOC) with TotalEnergies after the operator exercised an option to retain PBS's services through to the end of April 2027.The GMOC was initially awarded to PBS - a consortium comprising Ponticelli UK…
Aramco, one of the world’s leading integrated energy and chemicals companies, has signed 34 memoranda of understanding (MoUs) and agreements, with a potential total value of approximately $90 billion, with major U.S. companies.The MoUs and agreements…
Italy’s Eni has signed an agreement to enter into a period of exclusivity with investment fund Ares Alternative Credit Management for the sale of stake in Plenitude, its retail and renewables unit.The exclusivity agreement is aimed at negotiating…
DEME Offshore Holding, a wholly owned subsidiary of DEME Group, has acquired a 50% stake in BAUER Offshore Technologies, a BAUER Group company.BAUER Offshore Technologies specializes in drilling services for the installation of foundations for offshore wind farms…
Dutch oil and gas services firm SBM Offshore reported a 27% rise in its first-quarter revenue on Thursday, boosted by strong performance across all its segments, particularly in its turnkey unit.The Amsterdam-listed firm, which provides floating production services to the offshore energy industry…
Perenco Trinidad & Tobago (T&T), as the operator of the Teak, Samaan and Poui (TSP) fields, has found gas as part of a drilling campaign at the Onyx field, offshore Trinidad and Tobago.The two legs, at the Onyx well and sidetrack in the eastern part of the Onyx field…
XRG, a subsidiary of Abu Dhabi National Oil Company (ADNOC), Petronas and the Turkmenistan State Enterprise Hazarnebit have signed a new Production Sharing Contract (PSC) with the State Concern Turkmennebit for the offshore Block I gas and condensate fields in Turkmenistan…
INEOS and Royal Wagenborg have launch and named the first European built offshore CO2 carrier for carbon capture and storage (CCS) projects, marking a major for Project Greensand and CCS schemes across the EU.The CO2 carrier has been named Carbon…
Swedish wave energy developer CorPower Ocean has signed a berth agreement to build a 5 MW wave energy project at the European Marine Energy Centre (EMEC) in Orkney, Scotland.Scheduled for deployment in 2029, the 5 MW array is expected to become the UK’s largest wave energy project…
Global energy technology company SLB has launched Electris - a portfolio of digitally enabled electric well completions technologies that boost production and recovery while reducing the total cost of ownership of an asset.Electris completions…
LS Eco Advanced Cables (LSEAC) has launched a five-week public consultation on its proposals to develop a high voltage cable production facility at the Port of Tyne for subsea electricity transmission, designed to transport clean energy generated by offshore wind onto UK shores…
U.S. energy company New Fortress Energy (NFE) has executed a three-year charter agreement for the Energos Freeze floating storage and regasification unit (FSRU) with Energía 2000 in the Dominican Republic.The 125,000 m3 Energos Freeze FSRU will be deployed to Energía 2000 S…