Subsea services provider DeepOcean and the Norwegian offshore vessel owner Østensjø Rederi have agreed for Østensjø's Edda Freya vessel to remain with DeepOcean for longer, on a new 2-year charter.“We are pleased that we have come to an agreement with DeepOcean for Edda Freya…
FPSO supplier BW Offshore said Thursday that Shell had awarded it limited notice to proceed (LNTP) by Shell and its partners for early-stage engineering and supplier reservations for the supply of an FPSO for the Gato do Mato (Wild Cat) oil and gas field offshore Brazil…
Rental rates for offshore oil and gas rigs have rocketed higher, boosted by a race to lift production because of the war in Ukraine and a recovery in demand after the COVID-19 pandemic.Drilling companies are in a stronger position to demand…
Offshore drilling contractor Valaris on Thursday announced the appointment of three new members to its executive management committee.Chris Weber will join Valaris as senior vice president and chief financial officer, Matt Lyne will join as senior vice president and chief commercial officer…
RWE Renewables has informed that Awel y Môr offshore wind farm, which could provide power for up to 500,000 homes, has passed a key milestone after proposals were submitted to, and accepted for consideration by the UK Planning Inspectorate…
Norway's Equinor plans to make a final investment decision on what would be its first offshore wind farm in South Korea as early as 2024, and is now considering a third, larger project in the country, the head of its local unit said.'We are…
Shell in talks with Indian consortium to sell Russian LNG plant stake -sourcesShell seeks to sell 27.5% stake in Sakhalin-2 plantShell in talks with group of several Indian firms -sources Shell also seeking bids for LNG, oil supply contracts…
Challenger Energy, the company previously known as the Bahamas Petroleum Company, has formally signed a license agreement for the AREA OFF-1 petroleum license offshore Uruguay.The AREA OFF-1 license has a total area of approximately 15,000 km2 and is situated in water depths from 20 to 1000 meters…
Tekmar Group said Wednesday it had won a significant new contract to provide an integrated engineering solution, including Cable Protection Systems ('CPS'), for an offshore wind farm project in the U.S.The contract is expected to be delivered in 2023…
Shareholders of Exxon Mobil Corp and Chevron Corp on Wednesday voted in favor of the energy transition strategies proposed by the two largest U.S. oil producers, following similar support of European oil firms' climate plans.Major oil producers…
A British regulator is expected to approve in the coming days a revised plan by Shell to develop a North Sea gas field, which had been initially rejected on environmental grounds, three sources told Reuters.Shell released in March its updated…
Gerhard Schroeder has backed off from taking a top role at Russian energy giant Gazprom, dealing a setback to Germany's gas lobby as it seeks to keep the energy lifeline from Russia open.The former German chancellor played a critical role in…
Danish investment fund Navigare Capital Partners will become a shareholder in Norwind Offshore, an offshore wind-focused vessel company established in Norway in 2021.Navigare Capital Partners specializes in investments in maritime assets. 'The…
Norwegian owner and operator of offshore service vessels Golden Energy Offshore is deploying Inmarsat’s Fleet LTE service to meet the growing data requirements of modern offshore operations and support sustainability.Headquartered in Ålesund…
Norwegian firms Telenor, Aker ASA and Cognite say a new software security company they plan to launch this year will help companies protect their industrial assets from an increased cyber-attack risk since Russia's invasion of Ukraine.'More and more (industrial) objects (are) being connected…