A.P. Moller-Maersk spun off its oil and gas drilling unit and listed it separately on the Copenhagen stock exchange on Thursday, where it was traded slightly below the book value it had in Maersk's own accounts.The demerger is a part of the…
US based ocean energy solutions company Ocean Power Technologies (OPT) said it has signed a contract with an unnamed oil and gas exploration and production company to complete a 12-week paid feasibility study that will examine the use of OPT’s…
Dräger Marine & Offshore will supply equipment which detects and protects workers from hazardous gases to 23 platforms across the North Sea, under three new contracts worth more than £1,000,000 ($1.3 million), the Netherlands based company announced on Wednesday…
McDermott International announced on Tuesday it has signed a joint venture agreement with the Middle East's largest offshore and marine services provider Zamil Offshore in a move that aims to capitalize on a rising maintenance, modifications and operations (MMO) market in Saudi Arabia…
Neptune Energy said Tuesday it has entered into a global alliance agreement with TechnipFMC for delivering subsea projects.The agreement will run for an initial period of five years with options to extend, and will cover the full project lifecycle from early concept work…
Slovakia-based GA Drilling has received a boost to help develop, test and commercialize its innovative plug and abandonment (P&A) technology. The company has signed a £4.2 million ($4.7 million) funding agreement with Budapest based venture capital firm Lead Ventures…
DNV GL said on Monday it is working with Equinor to undertake a third-party verification study of the Norwegian Hywind Tampen floating wind farm, expected to be the world’s first offshore wind farm powering oil platforms.Situated in the North Sea approximately 200 kilometers west of Florø…
Russian natural gas giant Gazprom has appointed Elena Burmistrova, the head of Gazprom Export, to the post of deputy chief executive, Interfax news agency cited sources as saying on Monday.Oleg Aksyutin, already a board member, was also named as a deputy chief executive…
Offshore engineering and services company Subsea 7 revealed it has been awarded two contracts from Saudi Aramco for conventional projects in shallow water offshore Saudi Arabia.The engineering, procurement, construction and installation (EPCI)…
Vroon Offshore Services has secured a contract with Total E&P to deliver offshore logistical support to a planned maintenance campaign in the Dutch sector of the Southern North Sea.OPerations are already underway, and so far Vroon’s subsea support…
SBM Offshore, a Dutch provider of floating production, storage and offloading units (FPSO), said on Friday it opposes financial regulators's claims that it withheld certain price-sensitive information between 2012 and 2014 related to an internal…
A second service operations vessel for Bibby Marine Services has been launched and christened during a ceremony at Damen Shipyards Galati in Romania, the shipbuilder announced Friday.The new vessel, Bibby WaveMaster Horizon, will begin maintenance…
A.P. Moller-Maersk said on Friday it had abandoned plans to sell its offshore services business, blaming tough market conditions for the blow to the Danish conglomerate's attempts to focus entirely on its transport and logistics business.'This disturbs the tale they started to tell in 2016…
Offshore oil and gas operators are grappling with how to make their operations and even companies greener, Offshore Mediterranean Conference (OMC) in Ravenna, Italy, has been hearing.From using renewable energies to power remote fields and even subsea robots…
Private equity fund Seacrest Capital is in talks to sell part or all of its British North Sea-focused oil exploration firm Azinor Catalyst, which could fetch between $60-$100 million, having received unsolicited offers for it, banking and industry sources said…
