Latest News - page 1153


Fugro, dCarbonX Partner Up on Offshore Geo-energy Resources Development

Mar 11, 2021

Offshore surveyor Fugro has signed a strategic framework agreement with dCarbonX, a geo-energy resource company, which is working on 'decarbonization exploration projects' supporting the development of offshore geo-energy resources in the UK and Ireland…

Oilfield Services Firms Expro and Frank's Set to Merge

Mar 11, 2021

UK-based oilfield well services company Expro and Dutch-based drilling and completions solutions provider Frank’s International on Thursday announced a definitive agreement under which the companies will combine in an all-stock transaction. Upon the closing of the transaction…

GateHouse Maritime's Technology to Protect Baltic Sea Pipeline

Mar 11, 2021

Maritime analytics and data company GateHouse Maritime has won a contract with the Polish gas transmission system operator GAZ-SYSTEMS, to monitor traffic near the Baltic Pipe Project offshore pipeline in the Baltic Sea, making sure that vessels do not accidentally damage it…

Report: Nigeria Awards Tenders for 57 Marginal Oilfields

Mar 11, 2021

Nigeria's petroleum regulator has provisionally awarded tenders to develop 57 of its marginal oilfields, four sources familiar with the matter told Reuters, which could net the government $500 million in signature bonuses.Provisional award letters…

Australia Gets Center for Oil and Gas Infrastructure Decommissioning

Mar 11, 2021

National Energy Resources Australia (NERA) has established what it calls The Centre of Decommissioning Australia (CODA), citing 'a much-needed collaborative effort to address the challenges and maximize the opportunities of decommissioning Australia’s aging oil and gas infrastructure…

Shell CEO's 2020 Pay Package Drops 42% to $7M

Mar 11, 2021

Royal Dutch Shell Chief Executive Ben van Beurden's pay package dropped by 42% to $7 million in 2020, a year in which the coronavirus pandemic pushed the energy company to a historic dividend cut following a collapse in profits.Van Beurden,…

Romania's OMV Petrom Takes Hold of Offshore Block in Georgian Black Sea

Mar 11, 2021

Romanian oil and gas company OMV Petrom has signed the production sharing contract for the offshore Block II in the exclusive economic zone of the Georgian Black Sea.OMV Petrom won in June 2020 the international tender organized by the Ministry…

GE to Open Offshore Wind Turbine Blade Construction Facility in UK

Mar 11, 2021

GE Renewable Energy said Wednesday it would open a new blade manufacturing facility in Teesside in the North East of England. GE's subsidiary LM Wind Power plans to set up and operate this plant which will be dedicated to the production of its 107-meter- long offshore wind turbine blades…

Two Die, Ten Rescued as Russian Cargo Ship Sinks in Black Sea, Off Romania

Mar 11, 2021

Two people died and ten were rescued after the Russian cargo ship Volgo Balt 179 sank in the Black Sea off Romania early morning on Thursday, according to reports from Romania.Romanian offshore services company GSP Offshore said that its GSP…

Ex-BHP Billiton CEO to Become Shell Chair

Mar 11, 2021

Oil giant Shell has announced the appointment of Sir Andrew Mackenzie as the new company Chair with effect from the conclusion of Shell’s 2021 Annual General Meeting, scheduled for May 18, 2021.Mackenzie, a former BHP Billiton CEO, will succeed…

UK to Invest $132M in New Offshore Wind Services Facilities

Mar 11, 2021

Britain will invest 95 million pounds ($132 million) in the construction of two new facilities to service a big expansion in offshore wind farms, creating around 6,000 jobs in the north of England, the government said on Wednesday.Able Marine Energy Park…

CWind Sells CTV Endeavour to Wood Marine

Mar 10, 2021

CWind, a provider of project services and crew transfer vessels (CTV) to the offshore wind industry, reports it has completed the sale of its CTV Endeavour to Wood Marine, a port services operator based in Suffolk, U.K.According to CWind, part of the Global Marine Group (GMG)…

TAP Taps NDT for Pipeline Survey

Mar 10, 2021

NDT Global has won a contract to complete a baseline inspection survey for Trans Adriatic Pipeline, a company operating the namesake European pipeline carrying gas from the Caspian Sea to the EU.TAP is a European leg of a pipeline transporting gas from the Azeri section of the Caspian Sea…

Five-Year Deal: EnerMech to Service Chevron's Oil and Gas Facilities in Australia

Mar 10, 2021

UK-based oilfield services company EnerMech has won a five-year contract with Chevron to provide a range of integrated services to the U.S oil giant's Western Australian oil and gas facilities.  The deal will see EnerMech continue to deliver pipeline services including pipe cleaning…

Insulation Firm Kaefer Looking to Sell Minority Stake

Mar 10, 2021

German industrial insulation specialist Kaefer is exploring a sale of a minority stake, as it seeks to cope with fallout from the COVID-19 pandemic and low oil prices and to bolster its finances for future expansion, people close to the matter said…

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