Italian oil services group Saipem said on Thursday it expected higher sales this year after beating 2018 forecasts and said it was looking for market opportunities.The group, jointly controlled by oil major Eni and state lender Cassa Depositi e Prestiti…
Subsea 7 posted higher-than-expected fourth-quarter profits on Thursday and announced a special dividend payment as well as an extension of its share buybacks.The Oslo-listed offshore services provider's adjusted earnings before interest, tax…
Spanish oil and gas firm Repsol beat forecasts with a 7.5 percent increase in fourth-quarter adjusted net profit on Thursday, boosted by higher oil and gas prices and increased production, and said its strategic plan was on track.Repsol started new projects in Algeria…
Heavy lift specialist ALE has completed works for Orsted's Hornsea 1 wind farm off the east coast of England.ALE was contracted by GeoSea to provide the specialist offshore engineering alongside the marine transportation, sea-fastening, load…
French utility ENGIE and EDP Renewables (EDPR) has jointly announced the addition of the international private energy company E.ON to the Dunkerque Eoliennes en Mer consortium in the framework of the competitive bidding process for offshore wind turbines off the coast of Dunkerque…
Eagle and Falcon, sister vessels and the workhorses of the Offshore Heavy Transport (OHT) family, were coincidentally working side by side in Singapore earlier this month loading two jack-up rigs.Eagle started her loading operation of the 14…
Norwegian offshore service and supply ship shipping company Solstad Offshore has won a four-year contract extension with the seabed-to-surface engineering company Subsea 7 for the construction support vessel (CSV) Normand Subsea.The duration of the contract is now firm until 31…
Mexico's national oil company Pemex narrowed its multibillion-dollar losses last year, executives said on Wednesday, as it seeks to fast-track the development of 20 new fields this year in a bid to bring new streams of crude online.Long a source of Mexican pride and a potent political symbol…
Mexican state oil company Pemex reported a loss of 125.5 billion pesos ($6.4 billion) for the fourth quarter on Wednesday, narrowing its loss from the same period in 2017, as the firm's finances face renewed scrutiny following a credit downgrade last month…
Rates for hiring offshore rigs to drill in ultra deepwaters such as the U.S. Gulf of Mexico could double over the next couple of years as the market recovers, the head of the world's largest offshore driller by market capitalisation said on Wednesday…
Torque machine solutions provider EnerQuip said a recent contract delivery for Vantage will mark the first time one of its high torque machines will be used on a drillship, the sixth generation ultra-deepwater capable Tungsten Explorer.The 200…
Subsea 7 S.A. announced Wednesday it has been awarded a contract by BP Exploration for the provision of subsea construction, inspection, repair and maintenance services covering BP’s North Sea region portfolio of assets West of Shetland and Northern North Sea…
Royal Dutch Shell aims to boost output and recoverable reserves from its Ormen Lange gas field off Norway by installing subsea compressors, the head of its Norwegian operations said on Wednesday.Output from Shell-operated Ormen Lange, Norway's…
The Canadian developer Northland Power has signed a power purchase agreement (PPA) with state utility Taiwan Power Company (Taipower) for the 300MW Hai Long 2a wind farm off Taiwan.Northland and its partner Yushan Energy own 60% and 40% of Hai Long 2A…
Abu Dhabi’s Mubadala Petroleum said it has signed the production-sharing contract (PSC) with its partner PTTEP Energy Development Co. for an offshore block containing the Erawan producing gas field in Thailand.The current block G1/61 concession will expire in April 2022…