Offshore installation services firm McDermott has won a contract for an offshore transportation and installation project with Shell in Malaysia.The pipelay and heavy lift project offshore Sarawak in East Malaysia, awarded by Sarawak Shell Berhad (SSB)…
Thirty-five years ago, on July 6, 1988, one of the offshore oil and gas industry's worst-ever disasters struck - the explosion of the Piper Alpha platform in the UK North Sea. To this day, the disaster is the worst ever in the industry by the number of lives lost…
The world's oil and gas companies should set targets to cut greenhouse gas emissions by 2030 at the upcoming COP28 global climate conference, the CEO of France's TotalEnergies Patrick Pouyanne said on Wednesday.'If we can bring something to COP28 as an oil and gas industry…
Spanish renewable energy company said Thursday that its first French offshore wind farm has officially started supplying electricity to the grid.Electricity from the Saint-Brieuc offshore wind farm has started feeding into the grid in Brittany for the first time…
The Danish Energy Agency has launched a tender for the exploration and production of oil and gas at a new concession in the North Sea, it said in a statement on Thursday. The agency initiated the tender process following an unsolicited application…
Asso.subsea, a subsea cable services company, has signed a contract with the major subsea cable maker Nexans for the transportation, installation, and protection of the nearshore section for the 320 kV DC connection that will transmit up to 980 MW of electricity from the BorWin cluster in Germany…
Norway's HAV Group said Wednesday its ship design business had been selected to develop another methanol-fuelled offshore wind service operation vessel (SOV) for ESVAGT. 'To secure repeat ship design business from a leading SOV operator is a proud moment for us…
Exxon Mobil Corp on Wednesday signaled second-quarter operating profits fell sharply on lower natural gas prices and weaker oil refining margins, according to a regulatory filing.Operating earnings dropped to about $7.8 billion from $17.85 billion a year earlier…
Offshore drilling contractor Valaris said Wednesday it had recently secured offshore drilling rig contract wins and extensions worth about $150 million in total, the figure which does not include lump sum payments like mobilization fees and capital reimbursements…
Norwegian offshore vessel operator Solstad Offshore has officially exited the platform supply vessel business.Namely, the company on Wednesday completed the sale of its PSV fleet to the U.S. offshore vessel firm Tidewater for approximately $580 million…
Offshore engineering and construction firm McDermott held a first steel-cutting ceremony at its Jebel Ali fabrication yard in Dubai, United Arab Emirates, to mark the start of construction for the BorWin6 980MW high-voltage, direct current (HVDC) project for TenneT…
Denmark-based offshore wind developer Ørsted and offshore vessel owner ESVAGT have signed a second contract for a methanol-powered vessel.Ørsted and ESVAGT have signed an agreement for a sister vessel to the world’s first methanol-powered service operation vessel (SOV)…
Energy services firm Expro said Wednesday it had secured a contract with an unnamed 'major operator' for the first deployment of its single shear and seal high-debris 15K ball valve assembly.The multi-functional single shear and seal mechanism…
Tidal Energy Developer SAE said Wednesday it had deployed the upgraded 'Turbine 2' at the MeyGen tidal energy project site, located off the northern tip of Scotland.SAE said that the turbine had undergone significant upgrades to improve performance and reliability…
Oil benchmark Brent fell on Wednesday, reversing some of the gains made after Saudi Arabia and Russia announced they would extend and deepen output cuts into August, as concerns over a global economic slowdown weighed on market sentiment. Brent was down 46 cents…