UK's technology innovation and research center Offshore Renewable Energy (ORE) Catapult has announced ambitious expansion plans in the Humber, including a commitment to open a base of operations in Grimsby and create 50 to 70 jobs in the region in the next 10 years…
Masirah Oil, an exploration and production company operating Block 50 offshore Oman, announced that it has awarded a drilling rig contract to Foresight Offshore Drilling Limited.The jack-up Foresight Driller IX will be utilized for an appraisal well on the Yumna field in block 50 offshore Oman…
Gulf Marine Services (GMS), a provider of self-propelled jackup barges, said it has been awarded a four-year contract for a K-Class small vessel, from an unnamed Middle East national oil company.The world's leading provider of advanced self…
Spanish-based engineering company Siemens Gamesa Renewable Energy (SGRE) closed the fiscal year ended September 30 with double-digit growth (+10.9%) in offshore unit due to new markets, mainly Taiwan, which contributed 1.5 GW in firm orders…
The largest floating wind turbine in the world, an 8.4-megawatt (MW) ABS-classed offshore wind turbine, is about to be installed.ABS has classed the semi-submersible floating wind turbine is the first of three classed by ABS and designed by…
Ørsted, the largest energy company in Denmark, has secured nominal TWD 12 billion (USD 395m) through the issuance of green senior bonds, to finance its investments in offshore wind in Taiwan. This transaction marks the first ever green TWD bond to be issued by a foreign corporate in Taiwan…
In a bid to boost its offshore deep water operations, RusselSmith, a Nigeria-based oilfield services provider, has chosen Saab Seaeye’s Cougar XT electric underwater robotic vehicle to boost its ROV fleet.“The Cougar is an ideal choice,” says RusselSmith CEO…
With extensive experience in designing and manufacturing underwater custom cables, NOVACAVI has recently supplied a couple of specially engineered mooring cables for the Lofoten-Vesterålen Cabeled Ocean Observatory.The Lofoten-Vesterålen Cabeled…
Sentinel Subsea, specialist in long-term well integrity verification, has announced the successful completion its first offshore field trial, run in conjunction with independent operator Spirit Energy and the Oil & Gas Technology Center (OGTC)…
MDL Marine Services has successfully completed tranpooling of a flexible product for an independent UK exploration and production company, Spirit Energy.The project was managed by MDL Project Engineering Team and entailed relocating the client’s…
Sparrows Group has doubled the size of its operations in the United Arab Emirates (UAE) after securing contracts worth in excess of $70 million in the past three months. The awards have resulted in over 150 new positions being created in the…
Royal Dutch Shell is buying French renewable power company EOLFI as part of its plans to ramp up the oil major's electricity business.EOLFI has largely focused on solar and wind projects, including offshore wind farms. Offshore wind is one of the fastest growing renewables markets…
U.S. oil and gas company Chesapeake Energy Corp said it expects its capital expenses to drop by about 30% in 2020 after it reported a bigger-than-expected loss on Tuesday because of a sharp drop in production and lower natural gas prices.Chesapeake said it expects capital expenditures of $1…
Orders for floating production vessels, their variants and, by default, a lot of “EPCI” are expected to be higher over the next four years than believed at the end of 2018, says an analysis of business drivers done in November by numbers cruncher…
The Kuok Group, through its investment vehicle Quetzal Capital, announced a voluntary conditional cash offer to buy out Singapore-listed PACC Offshore Services Holdings Ltd (POSH).Quetzal Capital said that the conditional offer to acquire all of POSH for S$0…