Rex International's subsidiary Lime Petroleum has completed its 20 percent farm-in to each of the respective licenses PL867 and PL867B Gjegnalunden in the Norwegian part of the North Sea from operator Aker BP.Lime now holds a 20 percent stake in each of the two licences…
Offshore wind installation firm Fred. Olsen Windcarrier (FOWIC) said Tuesday it had recently executed three new contracts and reservation agreements with combined revenue of up to 80 million euros (~$90,5 million).The contracts, with undisclosed clients…
The finalists for the 2022 Subsea Expo awards, a UK-based subsea-focused exhibition and conference, have been announced.The awards ceremony, organized by the Global Underwater Hub, will take place on February 23, 2022, at P&J Live in Aberdeen…
Offshore vessel owner Tidewater on Tuesday announced the appointment of Melissa Cougle to its Board of Directors, effective immediately. Cougle most recently served as Senior Vice President and Chief Financial Officer of Frank’s International until November 2021…
Morocco has invited bids to perform a study for the upgrade of Mohammedia port near Casablanca to host a liquified natural gas (LNG) floating storage and regasification unit (FSRU), the Moroccan ports agency said on Tuesday.The deadline for bids has been set at Jan…
Portfolio investors have started to rebuild bullish positions in the oil market, reassessing earlier fears about the likely impact of the Omicron variant of coronavirus on major economies and passenger aviation in 2022.Hedge funds and other…
Exxon Mobil Corp's fourth quarter profit should top Wall Street's consensus and surpass its pre-pandemic levels, lifted by better-than-expected earnings from oil and gas, analysts said.Credit Suisse, Scotiabank and JPMorgan have raised their…
Oil rose towards $79 a barrel on Monday supported by tight supply and hopes of further demand recovery in 2022 spurred in part by a view that the Omicron coronavirus variant is unlikely to significantly dampen the outlook.Libyan oil output will be cut by 200…
A Delaware judge ordered oil pipeline operator Energy Transfer LP to pay rival Williams Cos $410 million for abandoning their $33 billion merger, one of the largest transactions to fall victim to sinking oil prices.In a 95-page decision on Wednesday…
Guyana's parliament on Wednesday approved local content rules for oil producers and a sovereign wealth fund to oversee the South American nation's earnings from a budding oil bonanza.International oil producers have discovered 10 billion barrels…
Exxon Mobil Corp on Thursday signaled a return to annual profit for 2021 as stronger oil and gas prices drove a gain of up to $1.9 billion in operating profits that exceeded one-time charges.The largest U.S. oil producer issued a snapshot of…
A joint venture of Korea Electric Power Corporation (KEPCO), Electricité de France (EDF) and Kyushu Electric Power Japan has awarded a high-voltage direct current (HVDC) cable installation and convertors package for the ADNOC-TAQA Lightning…
Italy's Prysmian plans to invest around 200 million euros ($226 million) to build a plant in the U.S. to produce submarine power transmission cables, CEO Valerio Battista said to the media in remarks confirmed by a company spokesman.The plant…
TDI-Brooks said it completed a Geotechnical Site Investigation for Beacon Exploration & Production LLC in the deepwater Gulf of Mexico. The project consisted of ‘heavy’ geotechnical coring/cone penetration testing (CPT) with TDI-Brooks’ research vessel…
Norwegian offshore wind services company Edda Wind said it has entered into a long-term contract with Siemens Gamesa Renewable Energy for one of its newbuild service operation vessels (SOV).The contract will commence mid-2023, and Edda Wind…