Engineering and maintenance services firm Sparrows Group said it is expanding its service roster in the North Sea as it looks to replicate its drilling services success in the Middle East and Asia.Sparrows, which had previously offered drilling services in the UK and Europe…
Norway's Equinor is close to reaching a deal to buy Suncor Energy's British North Sea oil and gas assets for around $1 billion, three sources familiar with the matter told Reuters on Wednesday.The deal includes Suncor's 40% stake in the Equinor-operated offshore Rosebank oil and gas project…
UK's competition regulator said on Wednesday it has cleared oilfield services firm Baker Hughes Co's acquisition of Altus Intervention after the companies took steps to allay concerns raised by the watchdog.The Competition and Markets Authority…
Neptune Energy signed up to the Extractive Industries Transparency Initiative (EITI), an intiative designed to improve accountability for the revenues paid and received for a country’s oil, gas and mineral resources.By endorsing the initiative…
Equinor agreed to buy oil and gas stakes in five discoveries in the Troll, Fram and Kvitebjoern areas of the North Sea from Wellesley Petroleum AS.The amount for the purchase was undisclosedThe transaction strengthens Equinor's position in a…
Italian oilfield services company Saipem said Wednesday it had secured a $400 million contract for the Deep Value Driller drillship in the Ivory Coast with the joint venture between Eni Côte d'Ivoire Ltd. and Petroci. The contract length was not disclosed…
Italian energy services group Saipem aims to raise about 750 million euros ($796 million) from the partial sale of assets in its drilling business, CEO Alessandro Puliti said on Tuesday, citing shallow water vessels in particular.Saipem, in…
The owners of Danos, a 76-year-old Louisiana-based oilfield services firm services company, are preparing for the future by diversifying their energy portfolio through strategic acquisitions. Danos Ventures has been established to lead this effort…
RWE and Northland Power have selected wind turbine maker Vestas as the preferred supplier for their up to 1.6-gigawatt (GW) cluster consisting of four offshore wind farm sites in the German North Sea.A minimum of 104 15 MW Vestas offshore wind turbines (Type: V236-15…
Oilfield services giant Baker Hughes said Tuesday it had scored a 'major' contract to provide subsea equipment and services for the Angolan company Azule Energy's Agogo offshore oilfield. Azule Energy, the Angolan joint venture of oil companies BP and Eni…
Asia Pacific-focused oil and gas company Jadestone said Monday it wouldn't meet its previously planned end-of-month production restart from the Montara field, off western Australia, as bad weather was hampering topside maintenance work on the Montara Venture FPSO…
Singapore's Keppel Corp said on Tuesday that Sembcorp Marine (Sembmarine) has completed a S$4.50 billion ($3.34 billion) buyout of its offshore & marine unit after receiving the necessary shareholder approvals. ($1 = 1.3484 Singapore dollars) (Reuters - Reporting by Jaskiran Singh in Bengaluru…
ICR Integrity (ICR), global provider of specialist repair, inspection, and integrity solutions, said Tuesday it had been re-awarded the Master Service Agreement (MSA) with Petrofac, valued at over £1 million per year, after a successful tender…
Maersk Supply Service's cable-laying vessel Maersk Connector has secured a contract to continue operations on behalf of Seaway 7 until December 31, 2025.The extension follows a successful first year of working on Seaway 7’s projects in both Taiwan and the United Kingdom…
Italian energy services group Saipem on Monday raised its earnings expectations for 2023 and the next few years after beating 2022 targets as its restructuring plan started to bear fruit. The company reported adjusted core earnings of 595 million euros ($631 million) on sales of 9…