Magnora Offshore Wind, a joint venture between Magnora and TechnipFMC, has filed bids for two seabed areas off Scotland, as part of the ScotWind seabed leasing round, which closed for applications on Friday, July 16.Magnora, an Oslo-listed company…
Andrew Swiger, senior vice president of Exxon Mobil Corporation, has announced his intention to retire effective September 1, after more than 43 years of service. The board of directors has elected Kathryn Mikells, a former executive with Diageo…
Oil prices fell sharply on Monday after OPEC+ overcame internal divisions and agreed to boost output, sparking concerns about a crude surplus as COVID-19 infections rise in many countries.Brent crude was down $1.92, or 2.6%, at $71.67 a barrel by 1105 GMT…
Oilfield services firm Petrofac said Monday it has with the help of digitalization, and in cooperation with James Fisher Asset Information Services (JF AIS), managed to eliminate the need for offshore surveys ahead of modification scopes, reducing time and cost…
Norwegian seismic data firm PGS has completed the sale of the hardware, software, and intellectual property associated with the company’s towed streamer Controlled Source Electro-Magnetic (“CSEM”) system to Canada's Ocean Floor Geophysics, Inc (“OFG”)…
Oil Search Managing Director Keiran Wulff has resigned 17 months after taking charge over a long-term medical condition that the Papua New Guinea-focused company said had recently deteriorated.The board had been in discussions with Wulff over complaints about his behavior…
UK North Sea-focused oil and gas company IOG, working to develop gas fields in the Southern North Sea, has shared the results of its first development well being drilled as part of Phase 1 of its Core project. The company said the output rates were above expectations…
British oil major BP and the German renewables firm EnBW submitted their bid for offshore wind acreage in the ScotWind leasing round, looking to secure the rights for a lease area off the east coast of Scotland that could support offshore wind projects with 2…
Norwegian offshore vessel owner Eidesvik Offshore has won a contract with offshore installation firm Havfram for its construction support vessel Viking Neptun. The contract will start in early January 2022 with a firm period towards the end of the third quarter of 2022…
Offshore engineering and construction firm Aker Solutions, said Monday it had signed a major contract with an undisclosed client to provide the HVDC (high-voltage, direct current) transmission system for a large offshore wind project.Aker Solutions defines a major contract as being NOK 3…
Italian oilfield and renewables services provider Saipem on Monday launched a technological solution for the offshore production of green hydrogen and the conversion of oil & gas facilities called SUISO.'SUISO combines various renewable energy sources such as floating wind…
Norwegian energy firm Equinor on Monday confirmed it had filed a bid for floating offshore wind in ScotWind, the competitive tender offshore wind seabed leasing round being undertaken by Crown Estate Scotland. The deadline for applications ended Friday…
Green infrastructure developer Cerulean Winds, which wants to build 200-turbine floating wind and hydrogen project in Scotland, has signed an agreement with px Group, the UK-based operator of large-scale industrial facilities.Cerulean in June filed plans to develop a $14 billion…
OPEC+ ministers agreed on Sunday to boost oil supply from August to cool prices which have climbed to 2-1/2 year highs as the global economy recovers from the coronavirus pandemic.The group, which includes OPEC countries and allies like Russia…
Renewable firms, oil majors and investors said they would bid into Scotland's offshore wind leasing round which closed on Friday, signaling the huge demand globally for the rights to build new offshore wind farms.Crown Estate Scotland's ScotWind…