Subsea 7 has said it has been awarded a sizeable contract for work in the Gulf of Mexico with an unnamed client.Subsea 7 defines a sizeable contract as being between USD 50 million and USD 150 million.The scope of work includes engineering, procurement…
In what has been described one of the largest transactions in German industrial history, RWE and E.ON on Wednesday completed a major asset swap they'd agreed on in 2018.The two companies in March 2018 agreed on a complex deal that would eventually lead to RWE taking over E…
Voith reports it will deliver eight electric Voith Schneider Propellers (eVSP) to the Norwegian shipping company Østensjø, for four offshore wind service operation vessels (SOV) that are being built at the Astilleros Gondán shipyard in Spain for delivery from 2022…
Offshore engineering and construction company McDermott has successfully completed its restructuring process after filing for bankruptcy in January to restructure its $4.6 billion debt.The company said Wednesday its balance sheet restructuring equitized nearly all of McDermott's $4…
Norwegian energy giant Equinor has been given regulator approval to extend the producing life of Åsgard C Floating Storage and Offloading unit in the Norwegian Sea.Under the approval granted this week by the Petroleum Safety Authority Norway…
Israeli conglomerate Delek Group swung to a big first-quarter loss as a fall in oil prices brought an impairment at its North Sea operations, Ithaca Energy.Delek has been hard hit by the global coronavirus crisis and a drop in oil prices and…
High Speed Transfers, a UK-based offshore Crew Transfer Vessels (CTV) provider, is expanding its fleet with a new hybrid CTV.The company has awarded a contract to Diverse Marine & Chartwell Marine Ltd to deliver the new hybrid Chartwell 24…
With virtually unlimited technical potential, offshore wind could play a critical role in helping to decarbonize the region, Wood Mackenzie's Asia Pacific Vice-Chair Gavin Thompson writes.Asia’s pathway to a low carbon future is challenging…
Offshore helicopter transportation services provider NHV Group will fly Shell and NAM workers to North Sea facilities under a long-term contract starting Wednesday, July 1, 2020.Belgium-based helicopter company has won the three-year contract with Shell UK & NAM…
Dutch offshore geo-data specialist Fugro will deploy remote monitoring technology to survey subsea structures at the Cygnus gas field in the UK’s southern North Sea.Under the contract awarded by oil and gas company Neptune Energy, Fugro will…
Italian energy company Eni has made a gas discovery with the first exploration well in the North El Hammad license, waters of the Nile Delta, on the prospect called Bashrush.The new discovery is located in 22 meters of water depth, 11 km from…
Global oil demand and carbon dioxide emissions probably peaked in 2019 as the COVID-19 pandemic will have a lasting impact on both, energy consultancy DNV GL said on Wednesday.The Norway-based consultancy, which advises both petroleum and renewable energy companies on risk management and technology…
Shearwater GeoServices has won a contract for offshore survey work in India, with Oil India Limited.The project for Oil India Ltd. is a combined 3D and 2D towed streamer seismic acquisition- and processing contract in the Andaman Sea and Kerala-Konkan coastal waters offshore India…
Seismic data acquisition company Magseis Fairfield has secured a contract for a 4D OBN monitor survey in the North Sea 2021 summer season.The company did not say who the client was, but it added that there is potential for follow-on work in subsequent years…
Oslo-listed offshore vessel owner Eidesvik Offshore has won a contract with Aker BP to manage two supply vessels in operation on the Norwegian continental shelf (“NCS”).'NS Orla and NS Frayja are the vessels that will be operated by Eidesvik…