Malaysian oil company Petronas and China-based oil firm CNOOC, have signed a memorandum of understanding to 'pursue mutual growth through closer collaboration.''The MoU elevates the long-standing relationship between the two parties from primarily…
ABSG Consulting Inc. (ABS Consulting) signed an exclusive global licensing agreement to offer an innovative ultrasonic non-destructive testing (NDT) solution that supports expanded use of composite materials on offshore assets to extend service life…
The U.S. offshore safety regulator BSEE has found several probable and possible causes - including communication breakdown, poorly maintained walking surfaces, and inadequate barricade installation - behind a fatal 2019 incident in which a Wood…
Renewable energy company RWE has increased its share in the Rampion offshore wind farm in the UK.The company said Friday it had taken over a further 20% stake in the wind farm from E.ON, meaning RWE, which has been the operator of the wind farm already…
Offshore drilling contractor Noble Corporation has recently secured several drilling contracts and its CEO says there has been an uptick in tender activity in various markets.The company, which in February completed its financial restructuring…
UK-based workboat constructor Diverse Marine has delivered the offshore wind crew transfer vessel ‘Iceni Valour’ to Turner Iceni.'The vessel arrived successfully ahead of schedule in North Wales, to commence her 10-year charter in the Liverpool Bay area…
Tidal energy developer Minesto said Friday it had signed an agreement with Schneider Electric to work together to develop and build ocean energy farms based on Minesto’s Deep Green technology.The collaboration between Minesto and Schneider Electric…
Oil company Tulip Oil has agreed to sell its Dutch subsidiary Tulip Oil Netherlands to Kistos for 220 million euros, plus 163 million euros of contingent payments, and 5 million euros of warrants.Tulip Oil Netherlands owns an operating interest in the Q-10A offshore gas field…
Offshore wind developer Ørsted has appointed Madeline “Maddy” Urbish as Head of Government Affairs and Policy for New Jersey, a state which has set a goal of 7,500 MW of offshore wind energy by 2035.Ørsted said Urbish would be responsible for…
Australian oil and gas company FAR said Friday it would sell its stake in offshore blocks in Senegal to Woodside, subject to the approval of its shareholders, as proposed company takeover offers made by Remus and Lukoil were incomplete.To remind…
Offshore installation contractor Subsea 7 said Friday it had won a sizeable contract, which means it is valued between $50 million and $150 million.In a brief update in which it did not reveal many details, Subsea 7 said the scope of work includes engineering…
Offshore helicopter operator CHC has agreed to buy the oil and gas aviation business of Babcock.Babcock's oil and gas aviation business provides offshore oil and gas crew transportation services in the UK, Denmark and Australia and is headquartered based in Aberdeen (UK)…
Norwegian-based Awind said it has ordered a pair of hybrid-electric commissioning, service and operations vessels (CSOV) from China Merchants Industry in Hong Kong, with options for up to four additional vessels.Awind, a subsidiary of Awilco affiliate Integrated Wind Solutions AS (IWS)…
A rapid rise in offshore drilling and deepwater gas extraction may seem an unlikely path to lower emissions, but are central planks of Chinese energy major CNOOC Ltd’s plan to help hit Beijing’s climate goals.While global peers like BP, Royal…
Flaring in the UK North Sea dropped by 22% in 2020 compared to 2019, and as production facilities cut the overall volume to 33 billion cubic feet (bcf), a reduction which is roughly equivalent to the gas demand of 200,000 UK homes, the UK Oil and Gas Authority said Thursday…