Shell's incoming Chief Executive Wael Sawan is set to accelerate the group's drive to build its renewable energy business, including through a possible 'transformative' clean power acquisition, company and industry sources said.Sawan will from…
Talos Energy Inc said on Thursday it will buy EnVen Energy Corp, a private producer in the deepwater U.S. Gulf of Mexico, in a $1.1 billion deal including debt.The acquisition will add 24,000 barrels of oil equivalent per day of production for…
UK-based offshore equipment supplier Osbit announced it has delivered a new subsea trenching vehicle to Luxembourg offshore and marine services company Jan De Nul.The high-powered vehicle, named Swordfish, is a purpose-built cable burial tool…
CorPower Ocean, Maersk Supply Service and Dieseko have installed the first commercial-scale UMACK anchor to support the HiWave-5 demonstration project. The anchor has been installed 4km off the coast of Aguçadoura, in northern Portugal, where…
Baker Hughes, Mocean Energy and Verlume have signed a triparty memorandum of understanding (MoU) to identify and discuss potential opportunities for collaboration on integrated wave energy and subsea energy storage solutions for the emerging subsea clean energy market…
Spanish utility and Naturgy and Norway's Equinor are targeting a 200MW floating offshore wind project in the Canary Islands.Following an agreement to work together, made earlier this year, the firm's are targeting the Floating Offshore Wind…
Rovco, a provider of subsea robotics and hydrographic survey solutions to the marine renewable and wider energy sectors, has its sights set on supporting the energy transition in the US market with the strategic appointment of Mitchell (Mitch) Johnson as the company’s new Director – Americas…
The North Sea oil and gas industry is on track to meet early emissions reduction targets after posting cuts of more than a fifth between 2018-21, according to the UK regulator, the North Sea Transition Authority (NSTA). But bold measures will be needed to hit a 2030 goal of halving emissions…
UK regulator the North Sea Transition Authority (NSTA) has announced that 26 bids were submitted in the UK's first carbon storage licensing round by a total of 19 companies. On offer were 13 areas, off the coasts of Aberdeen, Teesside, Liverpool and Lincolnshire…
Austria's OMV and German operator Wintershall Dea have jointly contracted Transocean's Transocean Norge semisubmersible drilling rig for drilling 17 wells in Norway. The two firms also said they had entered into an exclusive partnership with…
TotalEnergies E&P Suriname has exercised an option to add the drilling of one additional well in Block 58 offshore Suriname to its contract for the Maersk Drilling's Maersk Valiant drillship. The contract extension is expected to start in January 2023…
The UK Government has announced it will support a new oil and gas licensing round in the North Sea that is expected to be launched in October. It has also lifted a moratorium on shale gas production in England. In a statement, the government said…
Allseas has been awarded a substantial construction contract by TC Energy for a major offshore pipeline delivering natural gas to southeast Mexico.The firm's pipelay vessels, Pioneering Spirit, Hidden Gem and Solitaire, will install the 36-inch pipeline…
The UK arm of Italian energy group Eni has has applied for a carbon capture and storage (CCS) license for the depleted Hewett gas field in the Southern North Sea. Eni says that the application, submitted through the North Sea Transition Authority (NSTA)…
Norway's AF Gruppen has been awarded a decommissioning contract from TotalEnergies EP Nederland for the removal and recycling of 10 platforms in the Dutch sector of the North Sea.The contract includes engineering, preparatory works, removal…