Weir Group Plc said on Monday it had agreed to sell its oil and gas division to U.S. heavy equipment maker Caterpillar Inc for $405 million in cash, as the engineering company focuses on its mining business.Shares of Weir surged 22.5% to 1,568p…
The Turkish drillship Yavuz has left the area where it was operating southwest of Cyprus and reached the Turkish coast, Refinitiv Eikon shipping data showed on Monday, in a move that may help ease tensions in the eastern Mediterranean.Cyprus'…
Offshore wind turbine maker MHI Vestas Offshore Wind has been selected by Qair as the preferred wind turbine supplier for the EolMed floating project in the Mediterranean Sea, to be located about 18 km off the coast of Gruissan in the Aude region…
UK-based oil firm Independent Oil and Gas will not be pursuing the takeover of rival Deltic Energy after initially announcing its interest in a potential all-stock transaction last month.However, IOG on Monday said it did not intend to make an offer to acquire Deltic…
Noble Energy shareholders on Friday approved a deal to sell the oil and gas producer to Chevron Corp, making Chevron the No. 2 U.S. shale oil producer and giving it international natural gas reserves close to growing markets.The all-stock deal values Noble Energy at around $4…
Aker Offshore Wind, an offshore wind energy spin-off of Aker Solutions, has installed Light Detection and Ranging buoys (LiDARs) offshore Ulsan, South Korea. The company said the operation was a major milestone for the company’s KFWind consortium…
Energy major Equinor shut four of its Norwegian offshore oil and gas fields on Monday as its workers expanded their strike, a company spokesman told Reuters.Two more fields operated by Neptune Energy and Wintershall Dea also face likely shutdowns on Monday because of the strike…
Norwegian energy company Equinor has extended the contract for the 2010-built Skandi Vega anchor handler, owned by DOF.DOF, which employs 3,500 people worldwide, said Thursday that Equinor had declared an option to extend the firm period of Skandi Vega from 6 months to 2 years…
Norwegian offshore vessel operator Solstad Offshore has won a long-term charter in Australia for its Normand Skimmer platform supply vessel.Solstad said Thursday that the contract was for five-years firm, with an unnamed 'major international company…
The escalation of a strike among offshore oil workers in Norway could affect production from six fields with a total output of 330,000 barrels of oil equivalent per day (boepd), the Norwegian Oil and Gas Association (NOG) said on Friday.Norway's…
German oil company Wintershall Dea has said it has switched the power supply to the Mittelplate Drilling and Production island in the Schleswig-Holstein Wadden Sea National Park in Germany to '100-percent certified electricity from renewable sources…
Norwegian oil and gas firm Equinor plans to cut its exploration staff by about 30% globally by 2023 to reduce costs as the COVID-19 pandemic reduces demand for petroleum, the company said on Friday.Equinor said it wanted to focus on selected areas when searching for new oil and gas resources…
Pipeline coatings company Shawcor will deliver thermal insulation and anti-corrosion coating services for the ExxonMobil-operated Payara development offshore Guyana.ExxonMobil, with its partners Hess and CNOOC, sanctioned the development of the Payara oil field earlier this week…
Margareth Øvrum, Executive Vice President of Equinor's Development and Production Brazil business, has joined the oilfield services firm TechnipFMC's Board of Directors, effective October 1, 2020.Øvrum, 62, has over 38 years of experience at the Norwegian energy giant…
Norwegian oil company Aker BP is ready to start production from the first phase of its Ærfugl gas and condensate field in the Norwegian Sea, the Norwegian Petroleum Directorate said Friday.Ærfugl will be developed in two phases, both with three wells…