Energy industry expert and assurance firm DNV is looking for partners to launch a new Joint Industry Project (JIP) for floating offshore substations.Floating substations are viewed as a key enabler for the next phase of the emerging floating wind industry…
Offshore seismic surveyor PXGEO has been awarded an ocean bottom node survey contract in Brazil.PGXEO said that the project, awarded by the Brazilian oil company Petrobras, would start in the second quarter of 2022.The contract will last for around three months…
Oil Search shareholders are set to vote on Dec. 7 on a merger with Santos Ltd after gaining approval from a Papua New Guinea court and a mixed endorsement from an independent expert.If it goes ahead, the A$8.8 billion ($6.5 billion) takeover…
Construction has started for North Star Renewables' two vessels bound for work at what will be the world's largest offshore wind farm - the Dogger Bank in the UK.To mark the construction of the two vessels - a Service Operation Vessel and a…
Oil major BP and Norway's Aker said on Thursday they have jointly sold a 5% stake in Norwegian oil firm Aker BP, cutting their combined holding in the company to 65%.The 18.01 million shares were sold at 310 crowns each, a 10.2% discount to Wednesday's close…
Oil services group SBM Offshore on Thursday revised its full-year revenue guidance, citing a deferral in the expected timing of a floating production storage and offloading (FPSO) joint venture.The Dutch company, which supplies floating oil and gas production vessels…
Siem Offshore has won a contract for its multi-purpose support vessel Siem Dorado in the offshore wind market.The Norwegian vessel owner said the up to 210 days firm contract plus options, was with an undisclosed international client.The contract…
BP and Aker said Wednesday there were exploring a potential block sale of some of the shares they hold in the Norwegian oil and gas producer Aker BP ASA, through a private placement.Aker and BP currently control approximately 40% and 30% of the shares outstanding in Aker BP…
Exxon Mobil Corp's chief executive said on Wednesday the company is confident it will hit a target to double earnings and cash flow from operations, adding that consumers and governments must decide how quickly the world moves to cleaner fuels…
Oil services firm Serba Dinamik Holdings said on Wednesday that it filed a lawsuit against EY Consulting, seeking to restrain the audit firm from releasing any findings or report on the group.In a stock exchange filing, Serba said it filed an…
Italian energy group Eni has hired JP Morgan to work on a possible listing of its Vår Energi joint venture which could value the Norwegian oil and gas operator at up to $15 billion, three sources familiar with the matter said.A final decision…
Danish offshore power cable supplier NKT is setting up a local presence in Poland, the next big thing in the European offshore wind sector, to prepare for the growing demand for both on- and offshore power cables. NKT will open its new center in Gdynia…
Oil major Royal Dutch Shell's clean energy unit will provide renewable energy credits (REC) to oilfield firm Baker Hughes' facilities in United States for a two-year period, the companies said on Wednesday. The move comes as climate activists…
Offshore wind turbine installation firm Eneti plans to raise $200 million through a public offering of shares. It will use the funds raised to fund wind turbine installation vessel newbuilding program consisting of one contracted newbuilding vessel…
Following the announcement of a proposed merger between offshore drillers Maersk Drilling and Noble Corporation on Wednesday, a Noble shareholder said it would vote against the deal.The combination is a primarily all-stock transaction where…