Izomax scored a milestone frame agreement with Shell, a deal that will enable Shell to leverage Izomax's patented AOGV technology to reinvent plant maintenance procedures.The three-year frame agreement allows Shell to fulfill ambitions for…
Norway's Vaar Energi has again postponed the startup of its North Sea Balder X oil and gas project, planning to begin output in the second quarter of 2025 rather than by the end of this year, the company said on Wednesday.Plagued by cost overruns and delays…
Aize announced an expansion of the strategic collaboration with Aker BP to include a Software-as-a-service (SaaS) agreement for all relevant facilities.Aize and Aker BP have focused their combined development efforts on two areas: Develop…
An offshore natural gas pipeline that exploded near Venice, La., on Saturday night, killing one person, was owned by Whitney Oil and Gas, the U.S. Coast Guard said. The company was not immediately available for comment.'The explosion resulted…
Strategic initiatives are attracting investors and petroleum contractors to Asia Pacific’s offshore energy market, propelling the region towards enhanced security and economic growth. As countries tap into their local resources to meet rising demand…
DeepOcean won a contract extension with Diavaz for the vessel, Arbol Grande. The vessel will work on Inspection Maintenance and Repair (IMR) services in Mexico for the next five years.Arbol Grande is a construction and subsea vessel, delivered…
Mitsui O.S.K. Lines, Ltd. completed the purchase on the market of 89,500 shares of common stock of MODEC, Inc. and along with the 10,162,300 shares already acquired in June 2023, MOL now holds a 15% stake in MODEC and will make it an equity-method affiliate…
Norway's Equinor has begun work to resume output at its Gullfaks C oil and gas platform in the North Sea after a shutdown on Sunday, a company spokesperson said on Tuesday. The incident was caused by problems with one of the platform's wells…
SLB and Palo Alto Networks said the two will expand their collaboration to strengthen cybersecurity for the energy sector, combining SLB’s cloud and edge technologies and domain experience in the energy industry with Palo Alto Networks’ cross-industry…
Archer has agreed to acquire an additional 10% of the shares in Iceland Drilling from its joint venture partner Kaldbakur for $2.5 million, settled in Archer limited shares, bringing Archer’s total ownership to 60%.Iceland Drilling is a leader in high-temperature geothermal drilling…
ExxonMobil Canada Properties (EMCP) reported a near miss event occurred on August 7, 2024, during a gangway crew change between the survey vessel Amazon Conqueror and offshore supply vessel (OSV) Victory G off Canada's East Coast.Operations…
Workers, community members, and elected officials have marked the signing of a new Project Labor Agreement (PLA) for the construction of a $300 million maritime terminal that will support the construction of offshore wind farms in Massachusetts…
Germany has asked Poland to arrest a Ukrainian diving instructor who was allegedly part of a team that blew up the Nord Stream gas pipelines two years ago, according to reports in German media published on Wednesday.However, one media outlet said the man appeared to be no longer living in Poland…
A new team is heading up the organization of SPE Offshore Europe (OE) at RX Global, in partnership with SPE, in the biennial event to be held at P&J Live in U.K. in September 2025.David Ince has been appointed as SPE Offshore Europe Exhibition Director and Michael Enser as Marketing Manager…
A union representing Brazil's federal environment workers said it had signed an agreement with the government to end a strike affecting oil and gas licenses in Latin America's largest economy, according to a press release on Monday.The union Ascema…