Following the announcement of a proposed merger between offshore drillers Maersk Drilling and Noble Corporation on Wednesday, a Noble shareholder said it would vote against the deal.The combination is a primarily all-stock transaction where…
Norwegian oil and gas firm Equinor has awarded Aker Solutions a front-end engineering and design (FEED) contract for an FPSO to be deployed at the Wisting oil field in the Barents Sea, offshore Norway.According to Equinor, valued at around NOK 350 million…
Japanese company Marubeni Corporation has signed a Memorandum of Understanding with Scottish Enterprise on collaboration for the decarbonization of Scotland including floating offshore wind and green hydrogen businesses.The Scottish Government…
The Biden administration on Tuesday said it was taking steps to designate a national marine sanctuary off the coast of central California. President Joe Biden has set a goal of safeguarding 30% of U.S. land and water over the next decade. The…
Seismic data company CGG has licensed its Northern Viking Graben multi-client seismic data set in the Northern North Sea to Northern Lights JV DA, for use in its ongoing and future CO2 storage developments. Northern Lights JV DA, owned equally by Equinor…
Oil and gas industry trade bodies OGUK, Norwegian Oil and Gas Association, BVEG, NOGEPA, and Oil Gas Denmark representing five countries across Europe 'pioneering lower-carbon oil and gas in the North Sea' have signed a formal agreement to…
General Electric Co's plan to spin off energy units into a standalone company could attract investors looking for a well-known name in renewables if they can overlook legacy fossil-fuel operations, financial experts said.Earlier on Tuesday,…
Colombian majority state-owned oil company Ecopetrol's third-quarter net profit surged to 3.81 trillion pesos ($983.4 million) on higher crude prices and structural changes implemented to meet recent industry challenges, the company said on Tuesday…
As governments and investors alike push for greater and faster decarbonization, upstream operators are under increasing pressure to act. Divesting out of fossil fuels is an option, but one that runs the risk of only passing the ‘dirty’ assets to another player…
Germany-based offshore wind turbine foundation builder EEW Special Pipe Constructions will construct 176 monopiles for Dominion Energy's 2.6GW Coastal Virginia Offshore Wind (CVOW) project, the largest offshore wind project in development in the U…
Qatar Petroleum raised the official selling prices (OSP) of its marine and land crudes in December, a pricing document posted on its website showed on Tuesday.Qatar marine was set at a premium of $2.20/barrel over the Dubai/Oman crudes average and Qatar land was priced at a premium of $2…
Norway-based IKM Testing has acquired 70% of the shares in Alfa Solution AS, a distributor of shrink wrap materials, tape, installation supplies and heat tools for the industrial, construction, transport, and marine markets. Alfa Solution has now changed its name to IKM Alfa Solution AS…
Offshore wind turbine manufacturer GE Renewable Energy has said that its Haliade-X offshore wind turbine prototype in Rotterdam, The Netherlands, has been operating for two years making it the first 10+ MW offshore wind turbine to achieve this milestone…
A senior executive for Norwegian oil company Equinor said on Tuesday that the 'the clock is ticking' to achieve an energy transition away from hydrocarbons.'If we don't take action, we'll end up losing out,' Equinor's Senior Vice President for…
Norwegian offshore vessel owners DOF and Solstad Offshore on Tuesday each announced construction support vessel sale deals.DOF Subsea said it had agreed to sell the vessel “Geosund” to an international buyer. The estimated delivery of the vessel to the new owner is in Q1…