Aberdeen engineering outfit Balmoral Group said it has invested a six-figure sum in Blaze Manufacturing Solutions, taking a 70% stake in the Aberdeenshire-based company.This latest move comes after Balmoral significantly raised its shareholding in another Aberdeenshire company…
Marine services company Malin Group has appointed Alan Hunter in a new business development role, as the company looks to continue its growth in the oil and gas sector.With a presence in the marine industry stretching back over 100 years, Malin…
An Israeli court lifted on Thursday a temporary injunction that had threatened to delay production at the Leviathan gas field due to environmental concerns.Rescinding Tuesday's injunction, the Jerusalem District Court said appellants had not provided sufficient evidence that Leviathan's emissions…
The energy industry is changing. Renewables are on the rise and wind energy is becoming increasingly prevalent. In fact, Britain is set to increase the amount of energy produced from offshore wind farms from 7% to 30% over the next decade.However…
Global leader in offshore wind Ørsted A/S has signed an agreement to divest its liquefied natural gas (LNG) business to the leading global natural resources company Glencore.According to the Denmark's largest energy company, Ørsted entered into…
Norwegian survey contractor Shearwater GeoServices Holding AS announced the award of hybrid node and towed streamer seismic survey by Repsol Oil & Gas Malaysia Limited.The survey is scheduled for Q1 2020 and is expected to take 2 months to complete…
Dutch energy company Eneco is set to purchase all the electricity generated by GE Renewable Energy's 12MW Haliade-X offshore wind turbine prototype.The announcement was made during a ceremony to inaugurate the prototype that was recently installed…
MHI Vestas Offshore Wind (MVOW) announced that the first turbine has been installed at Northwester 2 in Belgium, the world’s first offshore wind park to feature the record-breaking V164-9.5 MW turbine.The 219 MW project, Northwester 2, is the…
Aker BP, the oil exploration and development company focusing petroleum resources on the Norwegian Continental Shelf, has exercised the first one-year option for Odfjel Drilling’s Deepsea Nordkapp semi-submersible drilling rig.According to a press note from Odfjell Drilling…
Norwegean offshore driller Odfjell Drilling has been awarded the contract for platform drilling and maintenance and minor modifications for ConocoPhillips offshore Norway.The oil drilling, well service, and engineering company said that the…
Maersk Drilling said it has agreed to sell the jack-up rig Maersk Completer to a subsidiary of Shelf Drilling for $38 million in cash as the Danish-based offshore drilling contractor seeks to concentrate its efforts on harsh environment activities in the North Sea…
Companies developing the huge natural gas field Leviathan will try to convince an Israeli court on Wednesday to remove an injunction that threatens to delay production due to environmental concerns.On Tuesday, the Jerusalem District Court, in a surprise decision…
Norway's minister for oil and energy, Kjell-Boerge Freiberg, will step down from the cabinet on Wednesday, public broadcaster NRK reported, citing anonymous sources.Freiberg's ministry is, among other things, in charge of managing the government's majority stake in oil firm Equinor…
British oil major BP plans to close down two of its oil and gas platforms in Azerbaijan for planned maintenance, BP's regional vice president told Reuters on Wednesday.Bakhtiyar Aslanbayli, BP's vice president for Azerbaijan, Georgia and Turkey…
Maersk Drilling said it has been notified by Perenco that the Anglo-French oil and gas company is canceling a three-well contract for the jack-up rig Maersk Resolute in the UK North Sea due to scheduling overruns.According to Perenco, the cancellation…