Rig inspection services company ModuSpec said it has reemerged as an independent operating company following a strategic restructure of engineering and technical professional services organization Lloyd’s Register (LR).In March, LR announced…
Offshore drilling contractor Transocean announced on Monday that it will not take delivery of two newbuild drillships that were scheduled to be handed over from Korean builder Samsung Heavy Industries (SHI) in 2019 and 2020.Transocean said two of its indirect…
A timelapse video from Energean shows the floating production, storage and offloading unit (FPSO) Energean Power being built over 10 months and then floated out from a COSCO shipyard in Zhoushan, China.The FPSO, which floated out in mid-September…
Oilfield services provider Halliburton said it acquired a new portfolio of electro-mechanical downhole cutting tools and tubing punches from Westerton (UK) Ltd.Designed as an alternative to traditional pipe recovery and intervention across the well lifecycle from exploration to abandonment…
Switzerland's top court has allowed Geneva prosecutors to share with Italy material they seized more than three years ago that could shed light on a case involving oil majors Eni and Royal Dutch Shell and corrupt payments in Nigeria.In a ruling announced on Monday…
A video from Shell highlights how engineers involved in design and construction of the ultra-deepwater Appomattox development tackled complex challenges to meet the operator's ambitious goals for the project, including longer lifespan and greener operations…
A group of 13 major oil companies charted out a plan on Monday to promote investments in carbon capture, use and storage (CCUS), ahead of a gathering in New York.Oil chiefs grappling with growing demand for action to fight climate change have…
Underwater inspection provider Welaptega has used its optical chain measurement system (CMS), complete with new automated edge tracking software, to execute a subsea mooring inspection campaign for BP offshore Angola. The project saw Welaptega…
British operator and owner of renewable energy assets SSE Renewables announced that it has won UK’s third Contract for Difference (CfD) Allocation Round and is set to be awarded 15-year contracts for low carbon power from offshore wind at record low strike prices…
NKT, which produces cables and supplies the energy sector, has entered a Preferred Supplier Agreement (PSA) as the main contractor for delivery and installation of high-voltage DC on- and offshore export cable systems to the Doggerbank Creyke Beck A and B offshore wind farms…
Australian authorities say they have resumed assessing the environmental plan for Equinor's proposed exploration drilling activity in the Great Australian Bight after the Norwegian energy company provided additional information requested as part of the review…
Equinor and Britain's SSE have won a tender to build three wind farms off Britain, which the Norwegian firm said together will form the world's largest such development.Like other European oil firms, Equinor is developing its renewables business…
The 13/23c-9 pilot well on i3 Energy's 100% owned Liberator field has been plugged and abandoned as planned following completion of the vertical seismic profile ('VSP') survey and shear wave sonic logging, the independent oil and gas company said in an operations update on Friday…
Oilfield services company Petrofac Ltd said on Thursday it would sell the remaining 51% interest in its Mexican oilfields for up to $276 million to Anglo-French oil and gas company Perenco.Petrofac, which had offloaded a 49% stake in the operations to Perenco last year…
Malaysia's state-owned energy firm Petroliam Nasional Bhd reported an 8% increase in second-quarter profit on Friday because of a weaker Malaysian ringgit, though that was partially offset by higher product costs.Petronas, as the company is known…