McDermott International said it has been awarded a contract worth more than $3 billion for Package 1 of Saudi Aramco's Marjan Increment Development Mega-Project to provide engineering, procurement, construction and installation (EPCI) of the Gas-Oil Separation Plant (GOSP)…
US-based independent Murphy Oil said it has completed the sale of its oil and gas assets in Malaysia to a subsidiary of Thai company PTT Exploration and Production (PTTEP).The transaction was announced in March 2019, with an effective economic valuation date of January 1…
The U.S. State Department on Tuesday urged Turkish authorities to halt energy drilling operations off the Cypriot coast in the Mediterranean, a day after Cyprus protested a Turkish ship dropping anchor there.'This provocative step raises tensions in the region…
A.P. Moller Holding, which controls Danish shipping giant A.P. Moller-Maersk will acquire Danish wind turbine supplier KK Group, it said on Wednesday, in a first step into the renewable energy industry.The acquisition marks a new direction for the family-owned company…
Australia's Woodside Petroleum Ltd has started commissioning activities at the $1.9 billion Greater Enfield oil project off the state of Western Australia, two people with knowledge of the matter said on Wednesday.Oil from the project is expected to be sought after by traders in Asia…
Two contracts signed in Saudi Arabia for $3.5 billion by Italy's oil contractor Saipem are part of a shift in the company's strategy to focus more on natural gas, Chief Executive Stefano Cao said on Wednesday.Saipem said on Tuesday it won two…
Exxon Mobil Corp and Anadarko Petroleum Corp on Wednesday joined several other U.S. oil producers withdrawing staff from deepwater platforms in the U.S. Gulf of Mexico as what could be a major storm gathered.The withdrawals helped push U.S. oil futures up 3…
Offshore services firm Subsea 7 announced it has won a contract from Equinor for installation and diving operations on the Europipe II, Heimdal and Statfjord (EHS) fields, located in the Danish and Norwegian sectors of the North Sea.The deal is worth between $50 million and $150 million…
UK energy industry recruitment outfit ERSG has appointed Chris Stupack as head of offshore wind in the United States.Stupack will be leading ERSG's office in Boston, which opened in November last year, where the company will be focusing on supporting the development of the offshore wind market…
Swedish global engineering group Trelleborg's offshore operation has been awarded a major multi-million USD contract by Mexican state-owned petroleum company, Pemex, for Elastopipe.Elastopipe, a patented flexible piping system developed for transporting a variety of fluids…
Global offshore wind energy industry is estimated to grow at a CAGR of by +15% to reach USD 69.63 billion by 2025.The industry valued approximately USD 18.479 billion in 2016 is forecasted to grow with a healthy growth rate of more than 15…
Norwegian multinational energy company Equinor ASA has awarded compatriot offshore owner Eidesvik Offshore ASA a contract for Viking Queen.The firm contract period is 6 months, commencing in direct continuation of the current contract expiring ultimo August 2019…
U.K.-based offshore wind power installation provider Seajacks International has conditionally been awarded a contract with Siemens Gamesa Renewable Energy (SGRE) for the transport and installation of wind turbines at the Formosa 2 offshore wind farm…
The international consortium partners of the North Sea Wind Power Hub (NSWPH) has found that the proposed Hub-and-Spoke concept is technically feasible. A gradual roll-out of 10 to 15 gigawatts hubs is the next logical step towards a large offshore wind build-out…
Valerie Bosse has been named Managing Director of Wintershall Dea's Brazil business unit, responsible for all activities of the newly merged company in the South American country.Wintershall Dea, which became Europe's largest independent gas…