U.S. oil major ExxonMobil has awarded a drilling contract to drilling contractor Stena Drilling for the Stena Forth drillship.ExxonMobil will use the drilling rig for operations offshore Eastern Canada, in the second half of 2022. The contract is for one firm well…
The world's biggest economies said on Thursday they were looking into releasing oil from their strategic reserves, following a rare request from the United States for a coordinated move to cool global energy prices.The U.S. move reflects frustration…
Oil major Shell will acquire a 51% share of Simply Blue Group's Western Star venture, which seeks to develop a floating wind farm off the Clare coast in Ireland. The deal follows a similar arrangement earlier this year to jointly develop the…
U.S. oil majors Exxon Mobil Corp and Chevron Corp were among the top buyers at a federal auction of oil leases in the U.S. Gulf of Mexico on Wednesday that generated more than $190 million - the highest since 2019.The auction was a boon for federal coffers…
Offshore engineering and construction firm McDermott will deliver a booster compression module for the Inpex-operated Ichthys LNG development, having successfully completed FEED services.Under the contract award, McDermott will build the module…
Offshore vessel operator Rem Offshore has selected Vessel Insight from Kongsberg Digital to collect vital data from its three new offshore wind vessels, currently under construction.The first vessel will be completed at Green Yard Kleven in November…
French steel pipemaker Vallourec narrowed on Wednesday its full-year EBITDA guidance and said it plans to launch the disposal process for its German assets as well as relocate its oil & gas activities to Brazil.'Our German operations continue to underperform…
Engineering and construction company PD&MS Group has secured a contract to carry out modifications on Dana Petroleum's Triton and Western Isles FPSOs in the UK North Sea.The contract, of an undisclosed value, is expected to create up to 80 new jobs at its Aberdeen base…
Swire Projects, a Swire Shipping division formed last year to provide specialist shipping services to the energy, renewable, and infrastructure sectors, has agreed to charter six multipurpose heavy-lift vessels.The company said Thursday it had…
Oil and gas firms in Norway have increased their 2022 investment forecasts during the last three months as the industry prepares to take advantage of tax incentives designed to boost activity, a national statistics office (SSB) survey showed on Thursday…
Oilfield services and energy tech firm Baker Hughes has entered a partnership with AIQ, an artificial intelligence JV between the Abu Dhabi National Oil Company's (ADNOC) with Group 42 (G42). The partners will collaborate to create advanced analytics solutions for the global oil and gas industry…
A three-year project to develop the UK’s first wind turbine blade recycling plant has been given a go-ahead after securing the UK government funding.The £2million project involves a consortium led by Aker Offshore Wind and Scottish researchers…
The Abu Dhabi National Oil Company (ADNOC) has awarded two engineering, procurement and construction (EPC) contracts totaling $1.46 billion (AED5.36 billion) for the Dalma Gas Development Project offshore Abu Dhabi.The Dalma field is part of…
Norwegian offshore engineering firm Aker Solutions has said it has won a 'substantial' contract with Petrobras to provide a subsea production system and related services for the Mero 4 project, offshore Brazil. Aker Solutions defines a substantial…
Exxon Mobil Corp on Wednesday offered to lease a half million acres off the Texas coast, securing space for what could become a massive project to capture and store carbon emissions.Under pressure by investors to address climate change, Exxon…