Dutch company Huisman, best know for its offshore crane solutions, on Monday revealed its design for a 'green' harsh environment semi-submersible drilling rig, which promises to reduce costs and emissions of offshore drilling operations.According to Huisman…
Russia will halt natural gas supplies to Europe for three days at the end of the month via its main pipeline into the region, state energy giant Gazprom said on Friday, piling pressure on the region as it seeks to refuel ahead of winter.The unscheduled maintenance on the Nord Stream 1 pipeline…
Three projects, of 2,8 GW in total, will be offered seabed agreements for offshore wind projects following Crown Estate Scotland’s ScotWind clearing process. Clearing saw the ‘NE1’ area east of Shetland made available for ScotWind applicants…
Norwegian offshore vessel owner DOF has secured contract extensions and new contracts for three of its vessels in Brazil with Petrobras. The deals are worth more than USD 253 million.The contracts, awarded to DOF Brazilian subsidiaries, Norskan Offshore Ltda…
A U.S. energy regulator on Friday gave Berkshire Hathaway Inc, the company controlled by billionaire Warren Buffett, permission to buy up to 50% of oil company Occidental Petroleum Corp's OXY.N common stock.Occidental's share price soared 9…
Norway's crude oil output in July lagged the official forecast, while gas output exceeded expectations, preliminary data from the Norwegian Petroleum Directorate (NPD) showed on Monday. Crude oil output rose to 1.65 million barrels per day (bpd) in July from 1…
DNO ASA, the Norwegian oil and gas operator with operations in Kurdistan and the North Sea, is now expanding to West Africa with the agreed acquisition of offshore fields in Ivory Coast. DNO said Monday that RAK Petroleum plc would transfer its ownership of Mondoil Enterprises LLC to DNO…
Norwegian offshore vessel owner Siem Offshore has secured a contract extension for one of its AHTS vessels in Canada.The extension is related to the Ice Class AHTS vessel 'Avalon Sea,' covering a firm duration of 18 months upon completion of the current term…
Indian oil explorer and producer Oil and Natural Gas Corp said on Wednesday it signed a Heads of Agreement (HoA) with global petroleum giant ExxonMobil Corp for deepwater exploration in the country's East and West coasts.The two oil explorers…
The U.S. Department of the Interior announced next steps to bring offshore wind energy to the Gulf of Maine. The Bureau of Ocean Energy Management (BOEM) has made available a Request for Interest (RFI) and Request for Competitive Interest (RFCI) in the Federal Register for public comment…
Mexican state oil company Petroleos Mexicanos (Pemex) and its union, the STPRM, agreed to a 4% pay raise and a 2.25% increase in benefits during 2022-2023 salary negotiations, Pemex said in a statement on Thursday.The agreement is the first made under union leader Ricardo Aldana…
With passage of the Inflation Reduction Act, which contains US$370 billion for climate and energy programs, policy experts are forecasting a big expansion in clean electricity generation. One source that’s poised for growth is offshore wind power…
Unions at Shell Plc's Prelude floating liquefied natural gas (FLNG) site off Australia have extended industrial action to Sept. 1 over a long-running pay dispute, the company said on Thursday. Shell shut down the 3.6-million-tonne-a-year site…
Dutch dredging and marine services firm Boskalis on Thursday slightly raised its 2022 profit outlook after a half-year earnings beat, as the West seeks to replace Russian gas with other energy sources.The group, which offers marine services…
Norway's oil and gas firms have raised their investment forecasts for 2022 and 2023 as they plan to explore more and develop new projects, a national statistics office (SSB) survey showed on Thursday.The country's biggest business sector now expects to invest 172…