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…
Brazilian petroleum giant Petróleo Brasileiro (Petrobras) has contracted Seadrill’s drillship West Tellus for a new two-year program offshore Brazil.Seadrill, a deepwater drilling contractor for the petroleum industry, said in a press note that the likely contract value is around $170 million…
The provider of geophysical marine seismic acquisition and processing services, Shearwater GeoServices has been given a conditional letter of award for a 2D seismic acquisition and fast-track processing project by Total E&P South Africa B.V…
Germany's offshore broker Global Renewables Shipbrokers (GRS) has formed a strategic partnership with break bulk and project cargo consultancy COLI Schiffahrt & Transport to target the offshore renewables market in Japan.The aim of the cooperation…
Cable supplier Prysmian completes final high-voltage direct current (HVDC) test for 700MW submarine interconnector CobraCable line between Denmark and the Netherlands.The announcement takes place during the COBRAcable link’s official inauguration event…
French global player in the cable and optical fiber industry, Nexans said that it has received a contract from SSE Renewables, a renewable energy arm of Airtricity, for 1075 MW Seagreen offshore wind farm (OWF) project.Nexans will be the preferred supplier to design…
MOL has signed an agreement with Chevron Global Ventures Ltd and Chevron BTC Pipeline, Ltd to acquire their non-operated E&P and mid-stream interests in Azerbaijan, including a 9.57% stake in the Azeri-Chirag-Gunashli (ACG) oil field, and an effective 8…
American upstream oil company founded and based in Dallas Kosmos Energy made an offshore oil discovery in Equatorial Guinea, Reuters reported quoting the Ministry of Mines and Hydrocarbons.The S-5 well was drilled at a total depth of 4,400 meters…
International engineering consultancy Offshore Wind Consultants (OWC) is setting up an office in Australia, as offshore wind plans in the country are moving forward.The International Energy Agency’s recently launched “Offshore Wind Outlook 2019” has identified more than 7…
Mayflower Wind Energy, a joint venture of Shell New Energies US and EDPR Offshore North America, has been chosen by Massachusetts for an 804-MW offshore wind farm (OWF), located 20 miles south of Nantucket.“Mayflower Wind is proud to have been…